Iran’s ambassador to the International Atomic Energy Agency (IAEA) Kazem Gharibabadi said on Sunday that IAEA has verified Iran’s 60% uranium enrichment. The IAEA released a report to verify that on April 17 that Iran has started producing UF6 with 60% purity through feeding UF6 gas with 5% purity simultaneously …
Read More »Iran’s Petrochemical Output to Reach $40b
Iran’s Oil Minister Bijan Zanganeh said in the inauguration ceremony of several oil-related plans that Iran’s petrochemical output would reach 40 billion dollars in 2027, Trend reports citing IRNA. Zanganeh said that the required feed for the super projects launched as part of Iran’s so-called ‘third surge’ plan to increase …
Read More »Iran’s Oil Output Grows for 3rd Consecutive Month
The latest data published by the Organization of the Petroleum Exporting Countries (OPEC) shows an increase in Iran’s crude oil output for the third consecutive month in March. According to the OPEC report, Iran’s oil production rose by 137,000 barrels per day to 2.304 million bpd in March, marking the …
Read More »Iran’s Envoy to IAEA: Enrichment not Halted in Natanz
Iran’s ambassador to the International Atomic Energy Agency (IAEA) Kazem Qaribabadi emphasized on Monday that uranium enrichment at Iran’s Natanz Nuclear Complex has not been halted. Ambassador Qaribababdi who was speaking in a TV interview in Vienna stressed that the damaged IR1 centrifuges were replaced with machines capable of 50% …
Read More »Iran Records Great Annual Performance in Oil Refining, Distributing
While the past Iranian calendar year (ended on March 20) was a difficult time for Iran’s oil sector, which is the country’s major source of income, some great performance was witnessed in terms of refining and distribution of oil and oil products. A four-fold rise in the exports of oil …
Read More »Northeastern Iranian Prov Exports $3b Non-Oil Products
Three billion dollars non-oil exports were registered from East Azarbaijan Province, northeast of Iran, in the past Iranian year ended on March 19, 2021, a provincial official announced on Sunday. Habib Aminzadeh, head of chamber of commerce, mine and industry of the province, made the remarks at a press conference. …
Read More »China’s ‘Official’ Oil Imports Drop as It Buys More Iranian Crude
China’s crude oil imports are estimated to have declined by 8.81 percent month over month in March to stand at 11.26 million barrels per day (bpd), energy analytics services provider OilX said, noting that its assessment doesn’t show massive crude flows from Iran into China last month. In recent weeks, …
Read More »Iran Intent to Export Gas, Power to Oman
Iran is planning to start exports of gas and electricity to Oman, an official with the Trade Promotion Organization of Iran (TPOI) said on Saturday. “We are pursuing the exports of gas and electricity to Oman,” Farzad Piltan said. “Next year we will hold a joint economic commission between Iran …
Read More »Iran Oil Production to Reach December 2016 Level Unhindered
While OPEC+ had agreed to cut oil production to keep market balance and is now easing the cut in a phased manner, Iran is exempt from making cuts until it reaches December 2016 production level – namely near 4 million barrels per day, as confirmed by Iranian officials and OPEC+ …
Read More »Iraqi Official Hopes to Import more Gas from Iran
A spokesman for the Iraqi Ministry of Electricity has expressed hope that the Iranian authorities would supply gas needed for Iraqi power plants. In the meantime, the United States has granted Iraq the maximum extension to a sanctions waiver, allowing Baghdad to import electricity and gas from Tehran. “Baghdad is …
Read More »