Iranian President Ebrahim Raisi voiced his satisfaction that Bushehr power plant is being operated at its maximum nominal capacity and generates 1,000 megawatts of electricity. After visiting different parts of the Bushehr nuclear power plant and its developing phases, the Iranian president told reporters that the definite policy of the …
Read More »Iran to US, EU: End Sanctions to Help Address Global Energy Crisis
Iran has called on the decision-makers in the US and the European countries to end anti-Iran sanctions to help ease the global energy crisis. The multiplication of the natural gas prices in Europe as a result of a drop in the fuel’s reserves there, was unprecedented, said Oil Minister Javad …
Read More »Iran’s Non-Oil Exports to Iraq Hits 28% Growth in H1
Secretary-General of Iran-Iraq Joint Chamber of Commerce said that Iran’s export of non-oil goods to Iraq in first six months of the current year hit 28 percent growth as compared to the same period of last year. Jahanbakhsh Sanjabi Shirazi broke the news on Friday and reiterated that Iran’s export …
Read More »Iran Calls for Total Elimination of Nuclear Weapons
The Islamic Republic of Iran’s representative in the United Nations General Assembly called on the world for total elimination of nuclear weapons, rejecting retention, stockpiling, development, use, and proliferation of such weapons at regional and global levels. Reza Najafi, the acting deputy foreign minister for legal and international affairs of …
Read More »Iran, Venezuela Sign Oil Export Deal
Iran and Venezuela have inked an oil contract to counter the sanctions the United States has imposed on both nations’ oil exports, Trend reports citing Mehr. Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of …
Read More »Sri Lanka Underlines Developing Bilateral Ties with Iran
Sri Lankan Energy Minister Udaya Gammanpila emphasized developing bilateral cooperation with Iran. Speaking in a meeting with CEO of Tehran Oil Refining Company Hamed Armanfar, Gammanpila referred to Tehran-Colombo common interests, expressed satisfaction over bilateral cooperation, and stressed the importance of maintaining technical, engineering, and economic interactions in oil and …
Read More »Iran Appeals to Chinese Companies for Billions in Oil Investments
Iran’s oil minister has said that his country intends to raise $145 billion in domestic and foreign investments to improve its oil industry in the next 4-8 years, underlining the importance of cooperation with Chinese companies. Javad Owji in a meeting with the head of China Petroleum and Chemical Corporation …
Read More »Iran Plans to Attract $125b of Investment in Oil Industry
Iranian Oil Minister Javad Oji has said his ministry is making necessary arrangements and planning for attracting $125 billion of foreign and domestic investment in the country’s oil industry within the next four to eight years, Shana reported. Making the remarks in a meeting with the Head of China Petrochemical …
Read More »Iran, ECO Member States’ Trade Value Hit $5bn in 5 Months
Spokesman for Islamic Republic of Iran Custom Administration (IRICA) said that $5 billion worth of non-oil goods was exchanged between Iran and Economic Cooperation Organization (ECO) member states from Mar. 21 to Aug. 21. About eight million tons of non-oil goods, valued at $5 billion, were exchanged between the Islamic …
Read More »Iran’s Petchem, Fuel Sales Surge in Shadow of Oil Sale Restrictions
Iran’s exports of fuel and petrochemical exports have surged in recent years as the re-imposition of the U.S. sanctions on the country’s oil industry curbed crude sales, the Daily Star reported. The situation has left Iran in a good position to be able to expand trade in Asia and Europe …
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