Tag Archives: Iran

Iranian companies on Saturday signed contract for development of Yaran joint oil field with Iraq. The National Oil Company and Persia Oil and Gas Industry Development Company signed the contract to develop Iranian share of Majnoon joint oilfield with Iraq. North Yaran oil field is located in Khuzestan Province, approximately …

Iran is determined to develop its oil industry in spite of U.S. sanctions imposed on the country, Iranian Oil Minister Bijan Zanganeh said in a televised speech on Saturday. “We will not surrender under any circumstances … We have to increase our capacity so that when necessary with full strength …

It is estimated that Islamic Republic of Iran has exported 273,000 barrels of oil per day (bpd) in June 2020. All of Iran’s oil storage tankers are fully loaded, so that Iran’s export of crude in June 2020 hit 273,000 barrels per day (bpd). Iran’s crude oil production volume hit …

The Central Processing Facility (CPF) of Azar Joint Field is now complete, marking a major step towards enhanced oil recovery at the field. The Central Processing Facility (CPF) of Azar Joint Field is now complete, marking a major step towards enhanced oil recovery at the field. Inauguration of the facility …

Iranian gas output registered a 2.2% growth in the first quarter of the current Iranian year (started on March 20) so that the country’s gas output exceeded 2m cubic meters a day, according to a senior official with National Iranian Gas Company (NIGC). Masoud Zardouyan, the NIGC director of coordination …

Iranian Energy Minister Reza Ardakanain said that 250 major water and electricity projects will become operational by the end of the current Iranian calendar year (March 20, 2021). Ardakanian said that according to a major program called “A-B-Iran” [in Farsi the acronyms A and B stand for water and electricity …

Iranian Oil Minister Bijan Zangeneh underlined that Washington has been unable to bring the Islamic Republic’s energy and oil activities to a halt despite unilateral sanctions imposed on the country. “We have managed to overome the US sanctions and engage in our oil trade activities,” Zangeneh said. He, meantime, pointed …

Caretaker of Ministry of Industry, Mine and Trade announced on Sunday that Iran has planned to export 41 billion dollars’ worth of non-oil goods by the end of the Iranian year on March 20, 2021. Despite the sanctions and coronavirus pandemic, Iran will experience growth in its non-oil exports, Hossein …

Zarif sent a letter to EU Foreign Policy Chief to denounce the EU3’s non-compliance with JCPOA after the three European states drafted an anti-Iranian resolution at the IAEA Board of Governors, Mousavi announced. “Following the irresponsible and illegal measure by the three European states (Germany, the UK, and France) to …

India’s UCO Bank is exploring the avenues to keep the rupee payment mechanism with Iran alive, amid the challenges made by the US’ unilateral sanctions. According to A K Goel, MD and CEO of UCO Bank, with India no longer importing oil from Iran, the lender is in talks with …