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 …
Read More »Iran Rules out Individual Access to Nuclear Sites
A senior Iranian official has rejected claims about giving individual access to Iran’s nuclear sites based on agreements reached during a recent visit by the director of the International Atomic Energy Agency (IAEA) Rafael Grossi to Tehran. Behrouz Kamalvandi, who serves as the spokesman for the Atomic Energy Organization of …
Read More »Iran’s 11-Month Non-Oil Exports Rise over 12%
The value of Iran’s non-oil exports rose 12.22 percent during the first 11 months of the current Iranian calendar year (March 21, 2022-February 19, 2023), as compared to the same period of time in the past year. According to Mohammad Rezvani-Far, the head of the Islamic Republic of Iran Customs …
Read More »Iran’s Trade with Caspian Sea Littoral States Exceeds $3b
Iran’s trade with Caspian Sea littoral states stood at 5.54 million tons worth $3.03 billion. According to the Islamic Republic of Iran Customs Administration, Iran’s trade (excluding crude oil exports) with Caspian Sea littoral states stood at 5.54 million tons worth $3.03 billion during the first 10 months of the …
Read More »Iran Becomes 9th Steel-Producing State
Iran has ranked ninth steel-producing country in the world, the World Steel Association reported. In January 2023, Iran stands as the ninth-biggest producer of steel in the world, the WSA said. Iran has produced 2 million and 700 thousand tons of steel in the first month of 2023. The figure …
Read More »Tehran-Baghdad Regional Coop. Fast-Paced, Effective: Iran FM
In a meeting Iraqi Parliament Speaker, the Iranian Foreign Minister described Tehran-Baghdad regional cooperation as fast-paced and effective. Iranian Foreign Minister Hossein Amir-Abdollahian and his accompanying delegation met with Iraq’s Parliament Speaker Mohamed Al-Halbousi in the capital Baghdad on Wednesday night. During the meeting, the two officials discussed Iran-Iraq relations …
Read More »Iran, Russia Discussing Oil, Gas Swap Deal Technical Issues
Iran and Russia are still in talks over a potential agreement that will allow the delivery of Russian oil and natural gas supplies via Iran to other countries under a swap arrangement. Speaking to reporters in Moscow on Saturday, Russian Deputy Prime Minister Alexander Novak described a potential swap agreement …
Read More »South Azadegan Oilfield Development Accelerated
South Azadegan oilfield is located 80 kilometers west of Ahvaz (the capital city of Iran’s southwestern Khuzestan province), near the Iraqi border. The oil reserves in this field are estimated to be around 25.34 billion barrels, and the recoverable oil is estimated to be around 1.7 billion barrels, taking into …
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