Tag Archives: Iran

Iran’s oil exports have increased by 40 percent in recent months and the oil, gas, condensate and oil products export revenues are expected to reach $35 billion by the end of the current Iranian calendar year (March 20), Shana reported on Sunday. According to Finance and Economic Affairs Minister Ehsan …

Director of Production and Operations of Pars Oil & Gas Company announced the cumulative growth of gas production from South Pars since the beginning of operation in 2002 at about 2,000 billion m3. The duties of Pars Oil & Gas Company are divided into 2 areas of development and production, …

Iran has started gas supply testing to Turkey in limited quantities, which is expected to alleviate natural gas cuts to the country’s industry starting on Jan. 31, Petroleum Pipeline Corporation (BOTAŞ) said Friday. Iran had previously confirmed it would not send natural gas to Turkey starting from Jan. 20 for …

Iran’s LPG exports are projected at around 6 million mt in 2022, with China poised to remain the main buyer, and the volume could be higher if the US lifted sanctions imposed by former President Trump on the country’s energy sector since 2018, sources familiar with the matter said. “The …

Iran Newspaper reported on Wednesday, quoting head of the Islamic Republic of Iran Customs Administration (IRICA) Alireza Moghadasi, that new statistics of Iran’s foreign trade show that Iran’s non-oil exports in the beginning 10 months of the current Iranian calendar year (starting on 20 March 2021) reached $38.763 billion. According …

Turkey is undergoing massive power cuts to industrial customers this week at an unprecedented level never seen before after the country’s natural gas supplies dipped following a disruption of imports from Iran. Major industrial zones and clusters and major production sites, including those of foreign car manufacturers, are being hit …

Expansion of energy exchanges between Russia and Iran as two countries possessing respectively 37 percent and 15 percent of gas and oil reservoirs in the world can pave the way for diminishing petrodollar dominance if Moscow and Tehran omit dollar in economic interactions. The increase of bilateral cooperation between Iran …

Iran’s Oil Minister considering the price range of $ 80 to $ 90 to be the ideal price for oil, stressed that members of both OPEC and OPEC Plus have a consensus on this figure, which is a good price for both exporting and consuming countries. “Regarding the recent agreement …

Iranian Oil Minister Javad Owji said negotiations have been made with Russia on a project, promising that good news will come out about cooperation between Tehran and Moscow in the energy sector. Speaking to reporters on Saturday, Owji said the Iranian Oil Ministry has been elected as the chair of …

Iran’s Oil Minister Javad Owji says natural gas swap from Turkmenistan can increase by up to 10 times in volume terms if Ashgabat agrees to further transfer deals with Tehran. Owji said after a Saturday meeting with Turkmenistan’s visiting Vice President Rashid Meredov that Iran has the infrastructure required for …