Iran and the European Union’s 27 member states traded €401.17 million worth of goods in January 2023, registering a 5.31% rise compared with the same month of the year before. New data released by Eurostat show Germany was the top trading partner of Iran in the EU region during the …
Read More »Iran Petrochemicals Export at $26bn in Year to March
The Islamic Republic of Iran exported petrochemical products worth $26 billion in the last Iranian calendar year (March 21, 2022 to March 20, 2023), according to a senior official at the country’s Oil Ministry. Deputy Oil Minister and CEO of the National Petrochemical Company (NPC) Morteza Shahmirzaei announced the figures …
Read More »NIOC to Implement Oil, Gas Production Rise Projects to Materialize Motto of Year
The managing director of National Iranian Oil Company (NIOC) emphasized the efforts of this company to realize the slogan of this Iranian calendar year (began on March 21) and said during the activity of the Ministry of Oil in the 13th government, increasing production in the oil and gas sector …
Read More »A New Record High to be Hit in Iran’s Oil Export this Year
Iranian Oil Minister Javad Oji said that a new record high will be reached in the country’s oil export in the current Iranian calendar year 1402 (began on March 21). The country’s oil export in 1401 was 83 million barrels more than that of 1400, and 190 million barrels more …
Read More »Iranian, Omani Foreign Ministers Discuss Ties by Phone
Iranian Foreign Minister Hossein Amir-Abdollahian on Thursday evening spoke with his Omani counterpart Badr Albusaidi. Amir-Abdollahian congratulated Albusaidi on the beginning of the holy month of Ramadan and highlighted issues of mutual interest in bilateral ties including the need for coordination of the upcoming visit of Oman’s sultan to Tehran. …
Read More »Tehran, Riyadh Share Common Perspectives on Oil Markets
Tehran and Riyadh have exchanged views regarding OPEC and OPEC+ policies to ensure stability in the world oil markets, Iran’s oil minister said. “All decisions concerning global oil markets over the last few months have been made by pooling minds with OPEC’s de facto leader and closer collaborations are on …
Read More »OPEC Reports Increased Iranian Oil Output in February
Iran’s production of oil increased in February by an average of 17,000 barrels per day (bpd), according to the latest figures by the Organization of the Petroleum Exporting Countries (OPEC). Excerpts of the report published by IRNA on Tuesday showed that Iran’s average oil output in February was 2.571 million …
Read More »Oil Min: SP Phase 11 to Go Operational within 2 Months
Iranian Oil Minister Javad Oji has said that phase 11 of the South Pars gas field development plant is going to go operational within the next two months, IRNA reported. “Considering the measures taken, production will start from phase 11 of South Pars in the next two months,” Oji told …
Read More »Iran Signs New Oil Contracts, MoUs with Chinese Companies
Iran’s Oil Minister announced that Iran has reached new oil and gas agreements with Chinese companies. Javad Owji made the remarks on the sidelines of the opening ceremony of the 16-inch Torbat-e- Jam transmission line project in the Khorasan Razavi province in the northeast adding that “We have defined various …
Read More »Iran’s 9-Month GDP Growth Stands at 3.3%: SCI
Iran’s gross domestic product (GDP) including oil grew 3.3 percent in the first nine months of the current Iranian calendar year (March 21 – December 21, 2022) compared to the same period last year, according to the Statistical Center of Iran (SCI). Based on the SCI data, the figure excluding …
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