New Oil Minister Javad Owji says the “tyrannical” U.S. sanctions have deprived Iran of 1.8 billion barrels of oil exports and more than $100 billion of revenues. Addressing the first OPEC Plus meeting in Vienna since being named to the new post, Owji also touched on the US embargo against …
Read More »Iraq Loses 5500 Megawatts of Energy Due to the Decline in Iranian Gas Supply
The Ministry of Electricity announced today that the national energy system has lost more than 5,000 megawatts due to the decline in Iranian gas supply to stations in the center and south of the country. The ministry said in a statement that the national system is exposed today, Wednesday, September …
Read More »Iran FM: Nuclear Talks Real Only If Producing Tangible Results.
Iran’s Foreign Minister Hossein Amir Abdollahian says Tehran will not run from the negotiating table over its nuclear program, but this administration believes talks will be real only if they produce tangible results. Amir Abdollahian dismissed the US recent threats against Iran over the nuclear negotiations, and said, “They’re like …
Read More »Iran’s Non-Oil Trade Rises 38% in 5 Months yr/yr
The value of Iran’s non-oil trade rose 38 percent during the first five months of the current Iranian calendar year (March 21-August 22) as compared to the same period of time in the past year, the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Speaking to the …
Read More »Iran Nuclear Chief Hails Advancement in Quantum Tech
The head of Atomic Energy Organization of Iran (AEOI) said that the country’s advancement in quantum technology in the last five years is valuable and praiseworthy and suggests a bright future in this area. In a meeting on Saturday attended by AEOI chief Ali-Akbar Salehi and head of Nuclear Science …
Read More »President Raisi Underlines Facilitating Non-Oil Exports
President Ebrahim Raisi said on Sunday that there should be mechanisms to expand and facilitate non-oil exports and bring back proceeds to the domestic economy. Speaking during a session of Economic Coordination Headquarters, Raisi pointed to currency obligations arising from exports, saying that barriers against fulfilling these obligations should be …
Read More »OPEC: Iran’s July Oil Output Rises 28% Year on Year
Iran produced 2.485 million barrels per day (bpd) of crude oil in July, registering a 28 percent increase compared to the same month in 2020, according to OPEC’s latest monthly report published on August 12. Based on secondary sources, Iran had produced 1.936 million bpd of crude oil in July …
Read More »Iran’s Export of Non-Oil Products to Syria Hits 36% Growth
Director-General of Trade Promotion Organization of Iran (TPO)’s Office of Arabian and African Countries put Iran’s export of non-oil products to Syrian Arab Republic at 36 percent in the first four months of the current year. Speaking in an interview with FNA on Sat., Farzad Piltan reiterated that country’s export …
Read More »Iran Says Had Notified IAEA of Its Nuclear Measures
Iran’s Foreign Ministry Spokesman Saeed Khatibzadeh says the country’s nuclear program and activities are fully in line with the Non-Proliferation Treaty (NPT) and its Safeguards commitments. In a statement on Tuesday, Khatibzadeh noted that the International Atomic Energy Agency (IAEA) has been supervising Iran’s nuclear activities and that Tehran has …
Read More »Iran’s LPG Exports Near 2-Year High in July, Aug on China Demand
Iran’s LPG exports are set to stay near two-year peaks of around 500,000 mt in July and August, meeting China’s voracious appetite for cheaper petrochemical feedstock given the increase in the number of its propane dehydrogenation plants, trade sources said. The high volumes, which some sources estimate could exceed 500,000 …
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