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 …
Read More »Iran’s Petrochemical Fuel Sales Increase as Sanctions Hit Crude Exports
Iranian fuel and petrochemical exports have boomed in recent years despite stringent U.S. sanctions, leaving Iran well placed to expand sales swiftly in Asia and Europe if Washington lifts its curbs, trading sources and officials said. The United States imposed sanctions on Iran’s oil and gas industry in 2018 to …
Read More »Iran Tightens Security Measures at N. Sites
Iran’s Representative at International Organizations in Vienna Kazzem Qaribabadi said that his country has increased security measures at its nuclear installations, adding that the UN nuclear watchdog inspectors have been used to them gradually. “Security measures at the nuclear facilities in Iran are, reasonably, tightened,” Qaribabadi wrote on his twitter …
Read More »IAEA, Iran in Good Path to Resolve Differences
Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi has evaluated his visit to Tehran as “constructive,” saying that the two sides are heading towards resolving differences. Following his one-day trip to Tehran and upon his arrival in Vienna, Austria, Grossi underlined that the new consensus is not …
Read More »IAEA Director Meets Iran’s New Nuclear Chief, Plan to Issue Joint Statement
International Atomic Energy Agency director Rafael Grossi held talks with Mohammad Eslami, the new chief of the Atomic Energy Organization of Iran (AEOI) on Sunday morning. Grossi visited Tehran last night at the head of a delegation. Iran’s ambassador to the IAEA, Kazem Gharibabadi, said on Saturday that Iran and …
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