Tag Archives: Iran

OPEC has managed to raise crude prices and stabilise the oil market, OPEC member Iran’s oil minister was quoted on Monday as saying by his ministry’s website SHANA, reports Reuters. “OPEC’s performance has been successful because the price of oil has risen from $16 in May to around $45 and …

Iranian ministry of industry, mine and trade announced that the country has exported non-oil products worth $6.3 billion in the first quarter of the current calendar year (March 20-June 20, 2020). The ministry also said that it plans to export $41 billion of non-oil products by the yearend. There are …

Iranian Foreign Ministry Spokesman Abbas Mousavi reacted to the US historic failure against Iran and said Iran’s active diplomacy together with the legal strength of its nuclear deal led to the US defeat for the nth time. During the 75-year-old history of the United Nations, it was unprecedented for the …

The head of the offshore section of South Pars 22-24 phases development project said 3 new wells had become operational in the project which added 200 mcf to the phases gas output. According to Pars Oil and Gas Company (POGC), Mehrdad Kazemi, referring to the operation of the SPD22 platform …

Iranian Permanent Representative to the International Organizations in Vienna Kazem Gharibabadi urged International Atomic Energy Agency (IAEA) to conduct a transparent probe into Saudi Arabia’s hidden nuclear program and present a report to the members. He made the request following release of information about the country’s move to build yellow …

CEO of Iran’s National Petrochemical Company (NPC) Behzad Mohammadi said on Monday that the revenue has increased by 80% in the new Iranian year (started March 20). Some 17 new plans have opened, which has led to 60% increase in output capacities of petrochemical plants, said Behzad Mohammadi on a …

Iranian Oil Minister Bijan Namdar Zanganeh, on Monday, inaugurated and commissioned 286 gas supply projects in the northeastern Khorasan Razavi province through video conference, IRIB reported. As part of the mentioned projects, 77 rural areas were connected to the national gas network to increase the coverage of the national network …

Iran Chief of Staff of Presidential Office Mahmoud Vaezi and Azeri Deputy Prime Minister Shahin Mustafayev, underlined on Monday that there is no obstacle on way of trade and economic cooperation between the two neighboring countries. During a phone conversation, the two officials underlined the need to share experiences to …

Iran’s Energy Minister Reza Ardakanian announced his country’s plans to inaugurate and put into operation 250 electricity and water projects by the end of the current Iranian year (March 20). “We have decided to put into operation 250 projects by investing nearly 50,000bln tomans ($11.9bln) by the end of this …

According to the Department General of South Pars Customs, 6,036,447 tons of non-oil goods, valued at $1,467,652,224, were exported via this customs office in first four months of the current year (from March 21 to July 22). Head of Department General of Pars Energy Special Economic Zone’s Customs Amir Abbas …