Tag Archives: Iran

The head of the Islamic Republic of Iran Customs Administration (IRICA) said that in the first four months of the current Iranian calendar year (March 20-July 21) the country exported $17.5 billion non-oil goods, registering an 8.0 percent growth, year on year. Mohammad Rezvanifar put the total value of the …

Figures by the European Union’s statistics agency, Eurostat, have shown that Ankara resumed importing oil from Tehran in March 2024 nearly four years after it cut shipments to zero to comply with US sanctions on Iran. Eurostat data cited in a Sunday report by IRNA news agency found that Turkey …

Iran’s exports of non-oil commodities have increased by 40 percent during three years to March 2024, according to the Islamic Republic of Iran Customs Administration (IRICA). According to the report, Iran’s non-oil trade surged from $74 billion in 2020 to $116 billion in 2023, marking a 57 percent increase. IRICA’s …

Iran’s oil minister, Javad Owji, said on Sunday the country is exporting crude oil to 15 nations, defying US sanctions aimed at curbing its nuclear program. Owji, in a post by the Ministry’s official account on X, said that Iran’s revenue from oil, gas and petrochemicals surged to $65 billion …

Iran’s economic growth in the previous Iranian calendar year (March 21, 2023 to March 19, 2024) with/without oil included increased 4.5 percent and 3.6 percent respectively. According to the preparatory calculations of the Economic Accounts Department of the Central Bank of Iran (CBI), the gross domestic product (GDP) to the …

It is possible to resume production from the wells through the production of artificial lift pumps in Iran throughout the country and installing them on old wells, the production of which has been reduced, Iran’s Persia Oil and Gas Development Company Jaafar Hejazi said, Trend reports. According to him, these …

Iran’s Economic High Council, in its lates meeting, has ratified a plan to increase the country’s oil production by 400,000 barrels per day (bpd). The second meeting of the council in the current Iranian calendar year, 1403, ending March 19 2025, was held on Saturday while the interim president Mohammad …

Iranian President Ebrahim Raeisi says that Tehran has proven that it is not looking for a nuclear weapon and is only using nuclear energy for peaceful purposes. The Iranian President made the remarks in an interview for an Algerian TV network during his recent visit to Algiers. Having access to …

Islamabad is contemplating to kick-off construction work on 80 kilometre portion of Iran-Pakistan gas pipeline project — from Iranian border to Gwa¬dar — to escape a potential penalty of $18 billion, in case Tehran decided to move to the Paris-based International Arbi¬tration for non-execution of the project. It has also …

Iran is ready to continue bilateral talks with Kuwait over the Arash (Durra) offshore gas field, according to Foreign Ministry Spokesman Nasser Kanani. “Iran has repeatedly declared, that the Islamic Republic is ready to continue bilateral negotiations with Kuwait in line with the results of the previous talks over exploiting …