Despite the US cruel sanctions and EU’s lack of commitment to the Joint Comprehensive Plan of Action (JCPOA), Iran’s cooperation with Eurasia has provided a broad range of opportunities for Tehran, including regional trade and boosting Iranian non-oil exports. According to official reports, despite the corona pandemic, the volume of …
Read More »Rouhani: No Talks Needed for Reviving JCPOA
Iranian President Hassan Rouhani says returning to the nuclear deal commitments does not need negotiations but determination. Speaking at a cabinet session on Wednesday, Rouhani pointed to the need for the JCPOA signatories to meet their obligations under the deal. “Our returning to the commitments does not take time, it …
Read More »Iran Ready to Increase Oil Production Rapidly
President Hassan Rouhani stressed Iran’s readiness to increase its oil production capacity to normal export volumes, stressing that pre-JCPOA sanctions had led to restrictions in oil production and sale. Addressing the economic coordination committee meeting on Sunday, Rouhani said after the implementation of Iran’s nuclear deal and lifting of sanctions, …
Read More »Oil Minister: OPEC+ Decision was Wise
Iranian Minister of Oil Bijan Zanganeh said that the crude oil output cuts will decrease from previously-agreed amount of 7.7 million bpd to 7.2 million bpd in January 2021, down 500,000 bpd, adding it was a wise decision. Zangeneh made the remark after the 12th OPEC and non-OPEC Ministerial Meeting …
Read More »India Looks to Resume Iran, Venezuela Oil Imports under Biden
India wants to diversify its oil imports, including the resumption of supplies from Iran and Venezuela, after Joseph Biden becomes president of the United States, Oil Minister Dharmendra Pradhan said on Wednesday. “As a buyer I would like to have more buying places. I should have more destinations to go …
Read More »Iran Petrochemical Output to Hit 100mt/y by 2022
Iranian Minister of Oil Bijan Namdar Zanganeh said the country’s petrochemical production capacity would reach 100 million tons per year by 2022, 80% more than 2013’s levels. Addressing a virtual ceremony to launch major oil and energy projects on Thursday, Zanganeh said that the country’s petrochemical revenues would reach 25 …
Read More »Iran’s Oil Production from Shared Fields with Iraq Grows by 460% in Seven Years
Iran is producing more than 400,000 b/d of oil from West Karoon fields, shared with Iraq, which shows a 460 percent growth compared to figures from seven years ago. Iran’s oil production from West Karoon fields stood at 71,000 b/d seven years ago when President Hassan Rouhani began his first …
Read More »Iran to Augment Oil, Gas Exports by Building Energy Complex
A senior official in the southwestern province of Khuzestan believes that oil and gas exports will increase by building energy complexes in the province having great industrial capacities. Ali Karani, member of board of governors of industry equipment manufacturers of Khuzestan, made the remarks in an intevriew with IRNA on …
Read More »IAEA Says It has Access to Verify Iran Safeguards Commitments
The International Atomic Energy Agency (IAEA) said in its latest statement that it has access to Iranian nuclear sites to verify Iran Safeguards commitments. “This report of the Director General to the Board of Governors and, in parallel, to the United Nations Security Council, is on the Islamic Republic of …
Read More »Iran Resumes Gas Excavation from Phase 16 of South Pars Field
The offshore platform of Phase 16 of southern Iranian South Pars Field has come back to production, according to an official with Pars Oil and Gas Field. The platform stopped gas excavation a year ago due to damages to parts of its pipelines stretching 110 kilometers on the seabed. Alireza …
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