Iranian and Pakistani energy ministers vowed to take effective steps in advancing the previously-inked Iran-Pakistan (IP) gas project deal. Following his visit to Iran to participate in the 23rd edition of the Iran International Electricity Exhibition (IEE), Pakistan Minister of Energy Muhammad Ali promised to fulfill the commitment of his …
Read More »Iran Oil Production Rises in October
Iran, which has gained an exemption from OPEC cuts deal due to U.S. sanctions, increased production to 3.05 million barrels per day (bpd) in October, as pipeline issues that affected production and exports in September were resolved, according to a survey conducted by S&P Global Commodity Insights Platts. Production is …
Read More »Iran Exports Non-Oil Goods Worth $1.3b to India in 7 Month
Iran exported non-oil commodities valued at $1.3 billion to India during the first seven months of the current Iranian calendar year (March 21-October 22), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. According to Mohammad Rezvani-Far, India was the fifth top export destination of Iranian non-oil …
Read More »Iran-EAEU Trade Value Exceeds $4 bn in 7 Months
The value of trade exchanges between Iran and the Eurasian Economic Union (EAEU) in the first seven months of the current Iranian calendar year (March 21 to October 22, 2023) reached $4.258 billion. In that period, Iran exported $922 million worth of products to EAEU member states and imported $3.3 …
Read More »Iran’s Oil Output Reaches 3.4 Million bpd:
Iran’s oil production has increased to 3.4 million barrels per day (bpd), the spokesperson for the Iranian Oil, Gas and Petrochemical Products Exporters’ Union said. Speaking in an interview with IRNA on Sunday, Seyyed Hamid Hosseini said measures have been taken in the current administration to boost oil exports to …
Read More »Output at Iran’s Largest Hydroelectric Power Plant up 60% y/y
Iran’s largest hydroelectric power plant, Karun-3 Dam, has reported a 60% increase in power production in the current water year, which began on September 23, compared to the same period last year. Seyyed Hamid Salehi, the CEO of the production and operation management company of Karun-3 Dam, announced the boost …
Read More »Capacity of Iran’s Renewable Power Plants Reaches 1,088 MW
The capacity of Iran’s renewable power plants has reached 1,088.18 megawatts (MW), the country’s Energy Ministry announced. Based on the Energy Ministry data, of the mentioned total capacity, 364.89 MW is supplied by wind power plants, 465.65 MW is provided by solar power plants, 99.47 MW is supplied by small …
Read More »OPEC: Iran’s September Oil Output Rises 15,000 bpd
Iran produced 3.058 million barrels per day (bpd) of crude oil in September, registering a 15,000-bpd increase compared to the previous month, according to OPEC’s latest monthly report. Based on secondary sources, Iran produced 3.043 million bpd of crude oil in August. The Islamic Republic’s average crude output for the …
Read More »Iran-Russia Coop. to Contribute to Regional States’ Progress
Iran’s oil minister on Thursday said that Tehran-Moscow cooperation paves the way for the progress of not only the two countries but also regional states. Javad Owji, who addressed a specialized session of the 6th Russian Energy Week International Forum in Moscow, added that a historic opportunity has been created …
Read More »Iran Eyes to Expand Oil Exports despite U.S. Sanctions
Iran’s Oil Minister Javad Owji said on Friday the country plans to increase its crude production in the absence of any “green light” from the United States for exports, according to the Shana News Agency affiliated to the Iranian Oil Ministry. Making the remarks in the southwestern province of Fars, …
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