Tag Archives: Iran

Iran has slashed the amount of natural gas it exports to Iraq and threatened further cutbacks over unpaid bills, increasing the likelihood of more electricity shortages in Baghdad and other major cities. Iraq has been receiving 5 million cubic meters a day since Iran cut its daily exports from 50 …

Iranian President Hassan Rouhani announced here on Sunday that the government not only pursues daily production of 2.3 million barrels of oil but also expects the Ministry of Petroleum to prepare the ground for rising the volume even further. All international and domestic capacities should be used to help Iran …

The heads of the Iranian and Armenian delegations have held constructive talks on gas exports and extension of a gas-for-electricity barter contract. Following a meeting with Hakob Vardanyan – Deputy Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia, Amir Hossein Zamaninia, Iranian Deputy Petroleum Minister for …

Caretaker of planning and development department of National Petrochemical Company of Iran Hassan Abbaszadeh said on Saturday that the company is focusing on leading petrochemical projects to replace the crude oil and gas exports. He made the remarks speaking to IRNA economic correspondent on Saturday. Noting that the price of …

The CEO of the National Iranian Gas Company (NIGC) said Iran is fully self-sufficient in natural gas supply and has no imports. In an interview with SHANA, Hassan Montazer Torbati said, “We do not import gas and the needs of the whole country are met from domestic sources for the …

Iranian Oil Minister Bijan Namdar Zanganeh met Azerbaijan’s Energy Minister Parviz Shahbazov in Tehran on Tuesday night to discuss the recent developments in the region and the global oil market, Shana reported. Speaking in the meeting, Zanganeh underlined Azerbaijan’s positive role as one of the members of the alliance between …

Iranian Minister of Peroleum Bijan Namdar Zangeneh left Russian capital late on Monday after holding intensive talks on the situation of global oil market. In Moscow, Zangeneh held talks with Russian Minister of Energy Nikolai Shulginov, Deputy Prime Minister Alexander Novak and other oil officials in the host country. At …

Iranian Petroleum Minister Bijan Zangeneh said on Monday that Iran will not seek the permission of others to return to oil market because it believes it has right to do so. He said that it is possible for Iran to revive a 2.3 million bpd of oil exports. “As a …

Iran is planning to produce 4.5 million b/d of crude oil and condensate in its next year that starts March 21 and export 2.3 million b/d of it if current US sanctions are lifted, state news agency IRNA reported Dec 13. Jafar Ghaderi, a member of parliament’s planning and budget …

Some $1.22 billion worth of Foreign Direct Investment (FDI) was approved in the industrial and mineral sector of the country in the first eight months of the current year. According to the statistics of the Ministry of Industry, Mine and Trade, $1.22 billion worth of foreign investment under FDI was …