Tag Archives: Mehr News Agency

The National Iranian Oil Company (NIOC) is targeting an investment of $250 billion in its upstream, midstream and downstream oil sectors, especially in liquefied natural gas (LNG) industry, over the next eight years. Oil Minister Javad Owji made the statement on the sidelines of the Eighth OPEC International Seminar that …

The cooperation between Iran and Qatar in the field of energy can turn the two countries into gas and energy hubs in the region, the Iranian Vice-President said. The government of the Islamic Republic of Iran is pleased with the stability and internal and international progress of the government of …

Iran’s oil minister said on Friday that the country’s oil products and exports have climbed in spite of harsher sanctions. Javad Owji said in an interview with the IRNA news agency that the promotion of energy diplomacy and relations with Asian, African, and Latin American countries has helped Iran create …

The first day of the 10th Arab-China Business Conference in Saudi Arabia ended with the signing of 30 investment agreements worth 37.5 billion Saudi riyals ($9.9 billion). The parties signed agreements in the field of technology, renewable energy, agriculture, real estate, minerals, logistics, tourism and healthcare, the state-run Saudi Press …

Iran will not sign a nuclear deal until all files at the International Atomic Energy Agency are resolved, the advisor to the Iranian negotiating delegation in the nuclear talks said. Seyyed Mohammad Marandi told Al Mayadeen that “Western governments were lying from the very beginning” about Iran’s nuclear activity, stressing …

Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices. Saudi’s energy ministry said the country’s output would drop to 9 million barrels per day (bpd) in …

Iran and Oman have signed an agreement on their joint study on the shared Hengam Oilfield in the Strait of Hormuz, the Persian Gulf. The agreement was signed in the presence of President Ebrahim Raeisi and Oman’s Sultan Haitham bin Tariq Al Said in Tehran on Sunday, the Oil Ministry’s …

The National Iranian Oil Company (NIOC) managing director on Friday said the country, thanks to its present-day reserves, can produce oil and gas for the next 100 years. Mohsen Khojastehmehr made the remarks in his speech during a ceremony to commemorate the 115th anniversary of Iran’s first oil exploration in …

The National Iranian Gas Company raised its natural gas exports in 2022 by 17%, the managing director of Iranian Gas Transmission Company said. “The state-run company’s exports reached 17 billion cubic meters in 2021 and 20 bcm in 2022,” Gholam-Abbas Hosseini was also quoted as saying by IRNA. Turkey buys …

A large Iranian gas condensate refinery is expected to come on line next year amid efforts to meet a rising demand for gasoline that has caused the country to resume imports after more than a decade. The company responsible for building Persian Gulf Mehr Refinery said on Saturday that the …