Governor of Central Bank of Iran [CBI] Abdolnaser Hemmati said that Iran’s non-oil export is booming as the coronavirus global pandemic is fading away.
Read More »Non-Oil Exports Booming as Coronavirus Cases Decline
Governor of Central Bank of Iran Abdolnaser Hemmati said that Iran’s non-oil exports are gaining momentum and booming after a downtrend in coronavirus cases in the country. He wrote on his Instagram page late on Tuesday that today, during the meeting of the Government’s Economic Coordination Headquarters in the presence …
Read More »Iran March-May Petchem Output up 6% Y/Y
The director of production control at the National Petrochemical Company said: From the beginning of this [calendar] year (March 20) to May 10, the country’s petrochemical complexes achieved a 6% increase in production compared to the same period last year. According to NPC, Seyed Jalal Mir Hashemi, referring to the …
Read More »Doroud, Arvand Oil Fields Up for Investment
The Doroud oil field, which is located in Kharg Island and northwest of the Persian Gulf, is among developed oil fields which the Iranian Offshore Oil Company (IOOC) presented to foreign investors within the framework of the new model of oil contracts – the Iran Petroleum Contract (IPC).
Read More »Iran’s Renewable Energy Capacity Increases Four-Fold in Five Years
Iran’s installed capacity of renewable energies has increased four-fold over the past five years, according to Deputy Energy Minister Homayoun Haeri. Haeri made the remarks during a ceremony on Tuesday in which the new head of Renewable Energy and Energy Efficiency Organization was introduced. He said that Iran’s installed capacity …
Read More »Oil Market Black Monday
The novel coronavirus drastically changed the consumption patterns of hydrocarbon products across the globe.
Read More »Fajr Jam Refinery Launches Solar Power Plant
Fajr Jam Gas Refining Company has officially opened a solar power plant in its facility.
Read More »Iran Vows Retaliation in Case Its Oil Tankers Seized by US
Iranian Foreign Ministry Spokesman Abbas Mousavi condemned the US’ threats against free trade, warning that any seizure of Iranian tankers will be retaliated. “Free trade between independent states is legitimate, and what is illegal is interference in these relations and the US is standing at the forefront of that. Trump’s …
Read More »Croatian Envoy Calls for Upgrading Ties with Iran
Croatian ambassador to Tehran Drago Stambuk on Monday called for upgrading ties with Iran, saying, “I am proud of serving in Iran where according to scientific documents there are historical affinities between Iranians and the Croats.” In an interview with the Croatian daily, Večernji list, Drago Stambuk said that his …
Read More »Iran’s 4th Oil Tanker Passes Gibraltar Strait towards Latin America
Iran’s fourth oil tanker named Faxon which carries the country’s oil products has passed through the Gibraltar Strait as western media reports claim that they are destined for Latin America, more specifically Venezuela. Faxon is the fourth Iranian tanker after Forest, Petunia and Fortune which have traversed the Mediterranean and …
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