Tag Archives: Iran

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 …

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+ …

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 …

Iran’s Oil Minister Bijan Zanganeh said that the country has produced 25 million tons of petrochemicals during the past calendar year (ended March 20). “Iran’s petrochemical production capacity reached 25 million tons in last year,” Zanganeh said at the end of the 15th OPEC Plus Ministerial Meeting, and added that …

Ahmed al-Ebadi, a spokesman for Iraqi Ministry of Energy, said on Tuesday that his country is looking forward to receiving more gas from Iran. Al-Ebadi told Iraq’s NAS News that Iraq’s debt to Iran is ready to be delivered to Iran. Iran claims that Iraq’s debt to the country for …

The Deputy Director of Dispatching Operations at the National Iranian Gas Company (NIGC) announced a 6% increase in Iran’s annual sweet gas production. “Fortunately, despite the embargos imposed on the country and obstacles caused by the coronavirus outbreak, growth and development did not stop in Iran and we continue to …

Managing-Director of National Iranian South Oil Company Ahmad Mohammadi said on Monday that the company’s production has increased by 30% in the second half of the past Iranian year (ended on March 19). Speaking to IRNA, the official also predicted that the company’s production capacity will make another 10% growth …

Chairman of Iran’s Trade Promotion Organization (TPO) said on Tuesday that Iran’s foreign trade surpassed 65 billion dollars in the past 11 months, with non-oil exports rising despite US sanctions. In a meeting with exporters in Qazvin province, Hamid Zadboum said that Iran’s foreign trade stood at 41.3 billion dollars …

The latest data published by the Organization of the Petroleum Exporting Countries (OPEC) shows steady growth in Iran’s crude oil output in February. According to the OPEC report, Iran’s oil production rose by 35,000 barrels per day to 2.12 million bpd in February. The country’s heavy crude oil price also …

The Islamic Republic of Iran has reportedly increased its crude oil export to China in recent months. According to Reuters, Iran has moved record amounts of crude oil to top client China in recent months, while India’s state refiners have added Iranian oil to their annual import plans on the …