The Islamic Republic of Iran has exported 337 million barrels of oil to China since the start of 2021 and the price of each barrel increased from 56 dollars to 97 dollars during this period, so the average oil price shows Tehran has not sold oil in cheap price. An …
Read More »Iran’s Oil Production Reaches Pre-Sanctions Level
Iran’s oil exports have seen a 40-percent rise and the capacity of oil production has reached pre-sanctions level despite sanctions and economic pressure, the CEO of National Iranian Oil Company (NIOC) said on Sunday. Mohsen Khojasteh-mehr said that Iran is in the first place of the world in aggregate oil …
Read More »Iran Makes due Studies on Developing, Drilling in Arash Gas Field
Iran’s Petroleum Ministry has undertaken necessary studies on developing and drilling in Arash joint gas field with Saudi Arabia and Kuwait, an Iranian official announced. The Iranian Ministry has also prepared the ground for development of Arash or Durra gas field, Ahmad Assadzadeh, deputy petroleum minister for international and commercial …
Read More »Iran Acts According to Intl’ Rules of IAEA
Vice President and Head of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami said that political influences outside the framework of rules and regulations of the International Atomic Energy Agency (IAEA) can not affect Iran ties, underlining that Tehran always acted according to international rules of International Atomic Energy …
Read More »IAEA Chief in Tehran to Resolve Nuclear Issues
Director General of the International Atomic Energy Agency (IAEA) Rafael Grossi arrived in Tehran to resolve issues regarding safeguards agreement. Upon his arrival, Grossi was welcomed by the spokesman for the Atomic Energy Organization of Iran (AEOI) Behrouz Kamalvandi. During his stay in Tehran, Grossi is to confer with Iranian …
Read More »Iran, Qatar to Form Joint Gas Extraction Study Group
A informed source in Iran’s Oil Ministry told IRNA that the oil ministers of Iran and Qatar will discuss gas swap, common stances in global market and forming joint study group on the sidelines of the upcoming GECF in Doha. The Gas Exporting Countries Forum will be held next week …
Read More »Iran, S. Korea Discuss Releasing Frozen Funds, Resuming Oil Trade
South Korea’s Ministry of Foreign Affairs said that they have had a meeting with the Iranian delegation in Seoul to explore ways to release Iran’s funds frozen in the country due to sanctions. Seoul and Tehran are holding working-level consultations seeking ways to resolve the issue of Iranian assets frozen …
Read More »Parsian Special Zone Iran’s New Hub for Oil, Gas
Iranian Oil Minister’s Deputy for Planning said that Parsian Energy Intensive Industrial Special Economic Zone (PEISEZ) is a new hub of oil and gas in Iran and that the ministry assures investors feeding the zone. An advantage of the PEISEZ is that it is close to the oil and gas …
Read More »Iran Oil Production Sets Record High despite Sanctions
A report released by Organization of the Petroleum Exporting Countries (OPEC) indicates that Iran’s oil production in January experienced 21,000 barrels per day increase, reaching the highest production level comparing last three years. Despite continued economic sanctions on the Islamic Republic, its crude oil production reached more than 2.5 million …
Read More »Iran’s Non-Oil Export in 10 Months Rises to $38 Billion
Iran Newspaper reported on Wednesday, quoting head of the Islamic Republic of Iran Customs Administration (IRICA) Alireza Moghadasi, that new statistics of Iran’s foreign trade show that Iran’s non-oil exports in the beginning 10 months of the current Iranian calendar year (starting on 20 March 2021) reached $38.763 billion. According …
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