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 …
Read More »US Extends Sanctions Waiver for Iraq to Import Iranian Gas
Washington has granted Iraq a shortened 45-day sanctions waiver to import Iranian gas that will expire days before US President Donald Trump’s term ends, an Iraqi official said Saturday. Baghdad buys gas and electricity from its neighbor Tehran to supply about a third of its power sector, worn down by …
Read More »Iran has Sufficient Technical Capacities to Help Afghanistan Using Border Water Sources
Iran has treaties with neighbor countries in terms of using border water sources that should be respected, said Iranian Minister of Energy. “Iran’s water right in Helmand River is part of these international treaties and Afghanistan is committed to it and hopefully any water (dam)structure in Helmand River should be …
Read More »Next Year Budget Bill Aims to Cut Direct Reliance on Oil Revenues
President Hassan Rouhani said on Saturday that Iran’s next year budget bill aims to fully stop the country’s direct reliance on oil revenues. The president made the remarks speaking during the 181st session of the government’s Economic Coordination Headquarters. Rouhani said that the main goals of the country’s next year …
Read More »Iranian Firms to Build Dam, Water Transmission Lines in Syria
Under a Memorandum of Understanding inked between Iran and Syria, Iranian companies will construct dam and water transmission lines in Syria. Iranian Deputy Ministry of Energy for Water and Wastewater Affairs and Syria’s Deputy Ministry of Water Resources emphasized the need for implementing a Memorandum of Understanding (MoU) between Iran …
Read More »Iran has Exported 700,000 bpd of Oil since March
Iran’s average oil exports have been 700,000 barrels per day since March, the country’s deputy head of Budget and Planning organisation said on Wednesday, in defiance of U.S. sanctions aimed at dropping Tehran’s main source of income to zero. “The average oil sales so far this (Iranian) year have been …
Read More »Iran, Qatar Ministers Review Cooperation on Electricity
Iranian Minister of Energy Reza Ardakanian and Qatari Minister of State for energy affairs reviewed ways to advance the agenda of cooperation on electricity sector. The two ministers underlined to develop and continue with cooperation on The Regional Centre on Urban Water Management (RCUWM-Tehran) under the auspices of UNESCO. Both …
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