Tag Archives: Iran

Iran’s Oil Minister Mohsen Paknejad arrived in Iraq on Monday at the invitation of his Iraqi counterpart. Upon arrival, Paknejad paid tribute to the memorial site of the martyrs General Qassem Soleimani and Abu Mahdi al-Muhandis. The Oil Minister’s visit to Baghdad will last two days, and he is scheduled …

Iran will hopefully resume offshore oil and gas exploration activities in the Persian Gulf for the first time in five years, says a senior official at the National Iranian Oil Company (NIOC). Mohyeddin Jafari, head of Exploration Directorate at the NIOC, said Saturday that exploration operations at sea had been …

Oil minister emphasized prioritizing refining projects based on the available financial resources, and stated that attracting public investments for implementing small-scale refining projects is on the agenda. While visiting the Tehran Oil Refinery on Saturday, Mohsen Paknejad noted that it was an opportune time to visit one of the ten …

Iranian government spokeswoman Fatemeh Mohajerani stressed Tehran will never back down from its share in the global oil market. Mohajerani made the remark in a post on her X account on Saturday in reaction to the latest move by the US Treasury Department which imposed sanctions on Iran’s Oil Minister …

Iran started gas production from its first infill well at South Pars, the country’s largest gas field in the Persian Gulf, increasing supply to meet growing energy demand. Touraj Dehghani, CEO of the state-run Pars Oil & Gas Company, announced that the newly launched well, located in Phase 12 of …

China’s imports of Iranian oil is set to rebound in March as non-sanctioned tankers, drawn by lucrative payoffs, joined the trade replacing vessels under US embargo, trade sources and analysts said. The rebound of sanctioned oil shipments to China, the world’s top importer, is easing supply worries that had boosted …

A massive reshuffle of tankers allows non-sanctioned vessels to pick up trade with Russian and Iranian oil, which will result in a rebound in China’s imports of cheaper crude from the two producers in March, from a two-year low in February, analysts and traders tell Reuters. The Biden Administration’s farewell …

The U.S. Office of Foreign Assets Control has added four Indian companies to its latest list of entities sanctioned for their involvement in the international trade of Iranian crude oil. The companies are Austinship Management Pvt Ltd, BSM Marine LLP, Cosmos Lines Inc, and Flux Maritime LLP. The designation of …

Iran’s Atomic Energy Organization has announced plans to construct a yellowcake production plant as part of its ongoing uranium mining and processing operations. Seyyed Javad Ahmadi, Deputy Head of the Atomic Energy Organization of Iran (AEOI), made the announcement during the launch of uranium extraction and processing at the General …

The value of non-oil trade between Iran and China stood at $26.7 billion in the first 10 months of the current Iranian calendar year (March 20, 2024-Jnuary 19, 2025), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Foroud Asgari said that importing non-oil goods worth $12.3 …