Iranian Minister of Petroleum Bijan Zangeneh said the country’s petrochemical production capacity was planned to cross 10 million tons per year in the current Iranian calendar year which began on March 20. Speaking to Eqtesad Radio Channel, Bijan Zangeneh underlined the most important plans of the Iranian Ministry of Petroleum …
Read More »Qatar Optimist about Expansion of Joint LNG Field with Iran
Saad al-Kaabi, Qatari energy minister and chief executive of Qatar Petroleum, announced that his country intends to expand the world’s largest liquefied natural gas (LNG) project, i.e. its North Field (known in Iran as South Pars) gas field, and expects investment opportunities overseas, despite a slump in global energy demand …
Read More »Iran eyes 100mn-Ton Petchem Output till March 2021
Iranian Oil Minister Bijan Namdar Zanganeh said the country’s petrochemical production capacity is planned to cross 100 million tons per year by the end of the current fiscal (March 2021). Speaking to local radio, Zanganeh underlined the most important plans of his ministry this year, saying, “We must all take …
Read More »Armenian Ambassador Asks for Revival of Strong Trade Ties with Iran
Armenian Ambassador to Tehran Artashes Toumanian in a meeting with Head of Trade Promotion Organization of Iran (TPOI) Hamid Zadboom underlined the necessity for the revival of trade relations between the two countries which were affected by the coronavirus outbreak.
Read More »Iran to Experience 7% Inflation Decline in Ten Months
Iran’s economy will experience an inflation decline by approximately 7% in late March next year, according to an analytical report.
Read More »Gas Flow Halted Due to Turkey’s Lack of Cooperation
Iranian Oil Minister Bijan Namdar Zanganeh criticized Turkey's lack of cooperation on repairmen of the blasted Iran-Turkey natural gas pipeline.
Read More »Condensate Refineries Stymie US Anti-Iran Sanctions
Iran is in the brink of halting export of gas condensates and is instead going to process the ultra-light oil in its new refineries to produce higher-value chemicals, oil Minister Bijan Namdar Zangeneh said.
Read More »Installation of South Pars Phase 11 Jacket
Arrival of Iranian Oil Tanker, Carrying Gasoline, to Venezuela Embarrasses US
Shipping gasoline to Venezuela embarrassed and humiliated US more than ever like pounding US’s Ain al-Assad military base in Al-Anbar Province in Baghdad.
Read More »40% Decline in Iran’s Trade with China
Iran’s commercial exchanges with China amounted to $5.26 billion during January-April to register a 40.6% decline compared with the 2019 corresponding period. As data from the General Administration of Customs of the People’s Republic of China show, Iran’s exports to China during the four months totaled $2.34 billion, indicating a …
Read More »