Tag Archives: Iran

Iranian heavy oil price increased $4.96 in June to register a 7.4-percent rise compared to the previous month, according to OPEC’s latest monthly report published on Thursday. Iranian heavy crude oil price followed its upward trend since the beginning of the current year to reach $71.68 per barrel in the …

Based on the Ports and Maritime Organization of Gilan Province report exports from Anzali port experienced 75% growth in weight during the first quarter of the current Iranian calendar year (started on March 21). Speaking to IRNA, Head of Gilan Ports and Maritime Organization Hamid Reza Abaie said non-oil products …

The US State Department announced that it would waive sanctions on Iran’s access to frozen assets in South Korea and Japan. The State Department informed Congress late Tuesday that it would waive sanctions on Iran’s oil trade so that the country can access frozen funds from South Korea and Japan, …

Petropars says gas recovery from the Iranian side of the world’s largest gas field has reached 1.8 tcm. The Iranian giant company Petropars said in a statement Sunday that natural gas recovery from the South Pars gas filed had reached a total of 1.8 trillion cubic meters since production started …

Managing Director of Iranian Offshore Oil Company (IOOC) Alireza Salmanzadeh announced on Sunday that drilling and repairing of oil wells have started at Forouzan joint oilfield with the purpose of increasing oil extraction. Salmanzadeh made the remarks after the completion of the installation project of the giant offshore rigs. “Installation …

Iran shares borders with fifteen countries, namely the United Arab Emirates (UAE), Iraq, Turkey, Afghanistan, Pakistan, Russia, Oman, Azerbaijan, Turkmenistan, Kuwait, Qatar, Kazakhstan, Armenia, Bahrain, and Saudi Arabia. Expansion of trade with these neighbors, specially increasing non-oil exports to them, is one of the major plans that the Iranian government …

The Bushehr Nuclear Power Plant in the Bushehr Province (southern Iran) will resume operations today on July 3, the Spokesman for the Ministry of Energy of Iran Mostafa Rajabi Mashhadi told IRNA, Trend reports. The spokesman stressed that like other power plants, the Bushehr NPP needs to be repaired after …

Iran’s Ambassador to the Vienna-based international organizations Kazem Gharibabadi said on Saturday that the IAEA Deputy Director-General for Safeguards Massimo Aparo is traveling to Iran in the coming days. Gharibabadi said that Aparo is also one of the inspectors approved for Iran, saying his visit is in line with routine …

Iranian Minister of Petroleum Bijan Zanganeh said that Iran would return to the markets swiftly when US sanctions were lifted, regardless of the decisions made by the producer group. The 18th meeting of oil and energy ministers of member and non-member producers of the Organization of the Petroleum Exporting Countries …

Moscow hopes that bilateral economic cooperation between the two countries of Iran and Russia would be further strengthened in new Iranian government. Minister of Energy of the Russian Federation, Nikolai Shulginov, in a meeting with Iranian Ambassador to Russia Kazem Jalali on Fri., expressed hope that bilateral economic cooperation and …