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 …
Read More »Iran’s Gas Exports Rise by 17% in 2022
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 …
Read More »Iran to Launch Large Gas Condensate Refinery in South
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 …
Read More »Tehran, Moscow Make Progress on New Oil, Gas Projects in Iran
Tehran and Moscow have made progress regarding the participation of Russian companies in new oil and gas projects in Iran, Russian Deputy Prime Minister Alexander Novak said during talks with Iranian Oil Minister Javad Owji. “We are implementing projects to develop oil fields in Iran and have outlined new projects, …
Read More »Iran, Iraq Agree to Extend Gas Contracts in 5 Years
Iranian Oil Minister Javad Owji said on Saturday that Tehran and Baghdad have agreed to extend the gas export contract for five years. The oil minister, who is on a visit to Baghdad, made the remarks following a meeting with Iraq’s Minister of Electricity Ziad Ali Fazel, saying that the …
Read More »UAE Signs Nuclear Deals with Chinese Companies
The Emirates Nuclear Energy Corporation signed three agreements with China National Nuclear Corporation and its subsidiaries during a visit to China. An agreement with Nuclear Power Operations Research Institute will focus on possible collaboration between the two parties in nuclear energy operations and maintenance. The deal signed with the China …
Read More »Iran Raises Natural Gas Supply to Iraq by 3-4 Times
Iranian exports of natural gas to Iraq increased significantly in April compared to earlier this year, according to a regional oil and gas analytics firm. In a report published on Saturday, the MEES quoted as saying a senior official in Iraq’s Electricity Ministry that imports of gas from Iran for …
Read More »Iran to Open 10 Petrochemical Projects this Year
Managing Director of National Petrochemical Company said that 10 petrochemical projects will be inaugurated in the country this year. Morteza Shahmirzaei made the remarks at the press conference of the 14th edition of international conference of the Iranian petrochemical industry or IPF held in Tehran. He stated that the capacity …
Read More »Iran Oil Production in Persian Gulf to Increase
A drilling rig was erected off Lavan Island, the Persian Gulf, another step toward boosting oil output, said an Iranian Offshore Oil Company (IOOC) official Monday. Pouya Ma’arefi, the director of the Resalat oil field development project, said the drilling rig was installed adjacent to the DP-R1 platform. The first …
Read More »Iran-Afghanistan Trade Exchange Rises to $1bn
Officials at the Afghanistan’s Chamber of Commerce and Investment announced that trade and economic relations between the country and the Islamic Republic of Iran have increased. According to the officials of the Afghanistan Chamber of Commerce and Investment, as cited by the local Afghan AVA news agency, the annual trade …
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