Governor of Central Bank of Iran (CBI) wrote in his Instagram account that in order to increase the volume of the country’s foreign trade and make better use of domestic production facilities, in addition to current methods, the use of bartering oil in return for basic goods will increase. Despite …
Read More »Iranian Trade Center Launched to Export $1 Billion to Syria
Head of Iran-Syria Joint Chamber of Commerce Keyvan Kashefi said on Sunday that the establishment of the Central Iranian Trade Building in Damascus is a step towards realizing $1 billion worth of non-oil goods export to Syria. Referring to providing full equipment, meeting halls for economic conferences at the center, …
Read More »Iran Exports $2.47 Billion Goods from Bushehr Province in Past Six Months
More than 11 million tons of non-oil goods worth over $2.47 billion were exported from Bushehr Province in southern Iran during the past six months of the current Iranian year (starting from March 20), Bushehr Province Department of Industry, Mine and Trade said on Sunday. Hossein Hosseini said that China, …
Read More »Iran Considering to Supply Electricity to Afghanistan
Iranian Energy Ministry adopted plan to supply electricity to Afghanistan which soon will announced soon, Iran’s Ambassador to Afghanistan Bahador Aminian said on Wednesday. “The two countries have many opportunities for ties development in different fields that aliens should not be allowed to sabotage them, so if Afghanistan intends to …
Read More »Iran Sees 65pc Increase in Gas Refining Capacity in 7 Years
Iranian Gas refining capacity has reached 1.1 billion cubic meters a day compared to 670 million cubic meters a day seven years ago, it was announced on Wednesday. Gas refining capacity of Iran has witnessed 65 percent increase after seven years since the current Iranian government took office in August …
Read More »Iran to Build New Power Plant with Russian Cooperation
Iranian Energy Minister Reza Ardakanian said on Tuesday that the new contractor selected by Russia for the Sirik 1400-MW power plant has also been endorsed by Iran, noting that the construction operation is expected to start within weeks. Speaking to IRNA, Ardakanian said that Russian side finally decided to change …
Read More »Iran to Apply Modern Technology for Recovery of Oil Fields
Iran’s Minister of Petroleum said on Monday that Iran will apply modern technology for recovery of oil and gas fields. Universities and industry need each other, said Bijan Zangeneh in the ceremony to sign 13 new agreements with universities for recovery of more oil and gas fields. Zangeneh said that …
Read More »Iran Completes Developing SPGF
Iran has completed 13 phases of South Pars Gas Field (SPGF) in the past seven years to bring the country’s production of natural gas to 700 million cubic meters from this field. Development of South Pars Gas Field has been among the top priorities of the Ministry of Petroleum. Seven …
Read More »Iran Ranks Top for Oil & Gas Exploration
National Iranian Oil Company (NIOC) by exploring 4.9 billion barrels liquid hydrocarbon in 2019, is standing on top of oil giants in the world. Managing director of National Iranian Oil Company for explorations affairs Saleh Hendi said that based on ‘Wood Mackenzie’ reports with regard to exploration of hydrocarbon resources …
Read More »Iran’s Gas Exports Doubled in Seven Years
Iranian Minister of Petroleum Bijan Zangeneh announced on Monday that Iranian gas export has doubled over the past seven years period. Zangeneh made the remarks at opening ceremony on 151 gas distribution projects in the western Iranian province of Kermanshah. The exports of liquid fuel have quadrupled in the mentioned …
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