The value of Iran’s non-oil trade with its neighbors stood at $33 billion during the first eight months of the current Iranian calendar year (March 21-November 21), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced. Ruhollah Latifi put the weight of non-oil trade with the neighboring …
Read More »Iran’s Conditions for Replacing Nuclear Facility Cameras
An Iranian expert on international issues said that Iran voluntarily accepted replacing the International Atomic Energy Agency’s cameras in the nuclear facility in Karaj on conditions that legal and security investigation is complete, the IAEA fulfils its duties towards member states, and it condemns sabotage act in the facility. In …
Read More »Iran’s NIOC Shifts Crude Selling Benchmark for Europe
Iranian state-owned NIOC will switch the benchmark basis of its official prices for European crude sales, a potential signal of Tehran’s intentions to return in full force to global markets. In its latest official price formula issuance for January, NIOC notes it will shift its benchmark from Ice Bwave to …
Read More »Iran Envisages Exporting 1.2m Barrels of Crude Daily
Iran’s IRNA News Agency says under the country’s budget bill for the next fiscal year starting March 21, 2022, oil exports will be estimated at 1.2 million barrels per day. The amount of oil exports in the budget bill is one of the most important figures. Therefore, every year, with …
Read More »Iraq Eyes Boosting Gas Imports from Iran
Iraq’s Ministry of Electricity has expressed willingness for increasing natural gas imports from Iran, IRNA reported on Sunday quoting the ministry spokesperson Ahmed Mousa as saying. Mousa noted that the ministry is negotiating the increase with Iranian authorities and will dispatch a delegation to Tehran in this regard. He did …
Read More »Iran Currently Able to Exchange Electricity with 6 Neighbors
Iranian Energy Minister Ali-Akbar Mehrabian has said the country is currently able to exchange electricity with Afghanistan, Iraq, Azerbaijan, Turkmenistan, Armenia, and Turkey, IRNA reported. As reported, developing energy diplomacy and exchange of electricity with the neighboring countries has been among the top priorities of the energy minister and in …
Read More »Iran Looking for New Gas Reserves at South Pars
Pars Oil and Gas Company (POGC), a subsidiary of the National Iranian Oil Company, has started drilling operations at the South Pars gas field in the Persian Gulf in search of new hydrocarbon reserves. The Pars Oil and Gas Company stated that the drilling of the new well was part …
Read More »Iran’s 4th Gas Condensate Cargo Delivered to Venezuela
The Islamic Republic of Iran delivered the fourth shipment of its gas condensate to Venezuela in line with concluding a contract with Venezuela for exporting gas condensate and importing crude oil in return. Iran has delivered the fourth cargo of crude oil condensate to Venezuela since the start of this …
Read More »Non-Oil Trade Rises 40% in 8 Months yr/yr
The value of Iran’s non-oil trade rose 40 percent during the first eight months of the current Iranian calendar year (March 21-November 21), as compared to the same period of time in the past year, the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Mehdi Mir-Ashrafi said …
Read More »Iran Seeks to Return Oil Output to Pre-Trump Sanction Level
Iran wants to pump more oil than it did before the Trump administration tightened sanctions, a top official said ahead of high-level nuclear talks whose outcome would directly impact the country’s energy-market ambitions. “Plans are in place to increase oil output to more than 5 million barrels a day,” said …
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