Tag Archives: Persian Gulf

Iranian Vice-President and Head of the Management and Planning Organization Mohammad Baqer Nobakht announced that the government will put into operation a 132 kilometer rail route in the Northeastern province of East Azerbaijan within the next 2 months.

Iran’s Road and Urban Development Minister Mohammad Eslami said on Friday that currently his country is conduit to 30 million tons of goods transported between the Far East and Europe. adding that Tehran aims to increase its share to 100 million tons.

A senior official in Iran’s petrochemical industry announced that the country will float 2 more Pet-Chem companies in the stock market as it seeks to finance expansion projects in downstream.in a bid to soft-pedal the impact of the US unilateral sanction.

Deputy Head of Iran'.s Ports and Maritime Organization (PMO) for Maritime Affairs Jalil Eslami announced on Tuesday that the Iranian oil tanker which was seized by the British forces in the Strait of Gibraltar will be freed in the near future.

The US has been discouraged at its old plans for invoking global sanctions on gasoline exports to Iran.

The oil fields located in Southern Iran will stop wasting flammable gases accompanying drilling operations in three years’ time with awarding contracts to 2 local companies. in a project that will recover the flare gas for nearby refineries.

Former Member of Iranian Parliament Abdollah Hatamian said that Iran’s oil exports will never be halted despite US sanctions imposed against the country.

Persian Gulf is vital lifeline and thus national security is priority for Iran.

The IEA said tensions in the Persian Gulf. where some oil tankers have been attacked. have heightened concerns.

The trade war is worsening a downturn in global growth.