Tehran and Ankara agreed to start negotiations on a new gas exports agreement which would allow an increased supply of natural gas from Iran to Turkey for a period of 25 years starting in 2026. Talks on a new Iran-Turkey gas supply deal had started based on agreements reached between …
Read More »Quarterly Non-Oil Export to Oman Jumps 168% Year on Year
The value of Iran’s non-oil export to Oman jumps 168 percent in the first quarter of the current Iranian calendar year (March 21-June 21), from that of the same quarter in the previous year, the spokesman of Islamic Republic of Iran Customs Administration (IRICA) announced. Ruhollah Latifi said that Iran …
Read More »Quarterly Non-Oil Export to Iraq Drops 22% Year on Year
The value of Iran’s non-oil export to Iraq fell 22 percent in the first quarter of the current Iranian calendar year (March 21-June 21), from that of the same quarter in the previous year, the spokesman of Islamic Republic of Iran Customs Administration (IRICA) announced. Ruhollah Latifi said that Iran …
Read More »Iraq Says to Pay for Gas Imports from Iran Monthly
Iraq’s Electricity Minister Adel Karim has said that Baghdad has paid for all unpaid bills to Iran, and from now on, it will pay for imported gas monthly. The Iraqi electricity minister said, “Recently, $1.649 billion were paid to Tehran for gas debts, and Baghdad does not have any unpaid …
Read More »Iran Esclates Enrichment with IR6 Machines at Fordow
Iran has escalated its uranium enrichment further by enriching with advanced machines at its underground Fordow plant, the IAEA has reportedly said. The International Energy Atomic Agnecy (IAEA) said in a report on Saturday claimed by Reuters that Iran has escalated its uranium enrichment further with the use of advanced …
Read More »Iran FM: US Has to Choose between Nuclear Deal, Unilateral Demands
The Iranian foreign minister says if the United States wants a lasting nuclear agreement with Iran, it has to stop insisting on its unilateral demands. Hossein Amirabdollahian wrote on his twitter account on Tuesday that he spoke with the EU Foreign Policy Chief Josep Borrell on the phone discussing the …
Read More »Major Iranian Oil Field to Become Operational with $7bn in Domestic Investment
Iran’s oil minister says the project for development of Azadegan joint oil field in the Persian Gulf, will become operational with a 7-billion-dollar funding by a consortium of mostly private sector investors. “For the first time in the history of Iran’s oil industry, the integrated project for the development of …
Read More »3rd Iranian Ship Carrying Fuel Docks in Syria’s Banias Port
Simultaneously with the presence of Iranian Foreign Minister Hossein Amir-Abdollahian in Syria, media sources reported the arrival of a new oil tanker of the Islamic Republic of Iran to the port of “Banias” in northern Syria. The fuel oil that reached Banias port is the result of the activation of …
Read More »Iraq is a Top Importer of Iranian Goods
Iraq is a top importer of Iranian non-oil products, the chairperson of the Iranian-Russian chamber of commerce, Hadi Tizhoush Taban, said on Saturday. Iran’s official news agency, IRNA, quoted Taban as saying, “non-oil Iranian exports yielded 27.7 million tons, valued at 13.069 billion dollars in the first quarter of 2022; …
Read More »OPEC Says Iran’s Oil Revenues Exceed $25bn
A report released by the Organization of Petroleum Exporting Countries (OPEC) shows Iran has earned more than $25 billion in revenue from oil exports in 2021. OPEC reported $560 billion in revenue from oil sales in 2021 in its annual report, which shows a 77 percent increase in comparison with …
Read More »