Iran and the European Union’s 27 member states traded €3.98 billion worth of goods during the first three quarters of 2022, registering an 18.35% rise compared with last year’s corresponding period. New data released by Eurostat show Germany was the top trading partner of Iran in the EU region during …
Read More »Foreign Companies Eager to Invest in Iran Airport Market
A senior official at Iran Airports and Air Navigation Company announced here on Wednesday that the foreign countries are very willing to make investment in Iran’s airport market. Hassan Amjadi made the remarks in a meeting held in a southern Iranian city.6 At his remarks, Amjadi referred to China as …
Read More »Iran’s Exports to Iraq Rebound
New trade data show Iran’s exports to Iraq are rising after they plummeted in the first half of the current Iranian year (started March 21). Iran’s exports to neighboring Iraq stood at $7.03 billion during the first seven months of the current Iranian year (March 21-Oct. 22), according to a …
Read More »Iran Trade with Persian Gulf States Tops $17.2 bn in 7 Months
Iran traded 28.4 million tons of goods (excluding crude oil exports) worth $17.28 billion with the Persian Gulf’s six littoral states. The latest data released by the Islamic Republic of Iran Customs Administration show that Iran traded 28.4 million tons of goods (excluding crude oil exports) worth $17.28 billion with …
Read More »Iran Ramping up Gas Production Eying New Export Markets
Iran has been ramping up its natural gas production with the aim of increasing exports to global markets as the demand in Europe for natural gas is surging ahead of winter, an Oilprice.com report stated. “Iran last week made it clear that it is ramping up its gas production operations …
Read More »Iran’s Trade with Neighbors Crosses $29bn in 7 Months
According to the latest data released by the Islamic Republic of Iran Customs Administration, Iran’s trade with neighbors crossed $29 billion during the 7 months. Iran traded 45.28 million tons of goods worth $29.09 billion, excluding crude oil exports, with its 15 neighboring countries during the current Iranian year’s first …
Read More »POGC to Drill 35 New Wells in South Pars
Pars Oil and Gas Company (POGC) is planning to spud 35 new wells in the supergiant South Pars gas field to enhance and maintain gas production in the massive joint field. According to POGC, the deputy head of POGC’s Reservoir Operations Engineering Unit outlined the company’s recent activities said on …
Read More »India Ramps up Oil Imports from Iran and Russia
As India’s oil and gas demand continues to grow, the South Asian country is looking to any supplier offering a low-cost product, regardless of how controversial they may be. India’s refiners are diversifying their supply, in response to recent OPEC oil quota cuts, and turning to sanctioned states, such as …
Read More »Iran, Russia Firms to Build Joint Pipeline
The CEO of Sina Energy Gostar Holding, affiliated with Mustazafan Foundation, said the holding was planning to build a pipeline for the transfer of petroleum products with support from Russian companies. According to the Mustazafan Foundation, Mohammad Ziyar underlined the details of a document signed during the recent visit of …
Read More »Armenia Doubles Gas Imports from Iran through 2030
Armenia gets the bulk of its natural gas from Russia. But ties with Moscow are fraying and Yerevan will soon have more alternatives Iran and Armenia have agreed to double the amount of natural gas that Iran sells to Armenia, and to extend their gas trade agreement to 2030. The …
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