Tag Archives: Sanctions

Iranian Oil Minister Bijan Namdar Zangeneh reassured that his country has mastered the ways to circumvent the US bans on its crude exports. reiterating that Washington will be unable to inflict a serious damage on Tehran’s huge oil industry.

The US has seen an increase in its oil supply to South Korea.

Three main sectors of industry in Iran — manufacturing. mining and petrochemical — were given nearly $10 billion discount in their energy consumption in the last local calendar year. according to a newly released report by the Parliament.

Head of Iran'.s Ports and Maritime Organization said that Imam Khomeini Port has registered an unprecedented rise in its unloading activity with a jump by almost a half.

Iranian First Vice-President Eshaq Jahangiri announced that the US and its allies'. plots to bring the country'.s economy into a collapse have all failed. adding that the conditions are improving.

Iranian President Hassan Rouhani said Washington has now come to realize that its policy of maximum pressure on Tehran has failed. and stressed the need for officials to continue resistance.

Iranian Minister of Petroleum Bijan Zangeneh said that the offshore sections of 27 South Pars phases would be fully developed in the first half of 2020.

Iranian Oil Minister said that his country is going to set up 2 petrochemical plants in the North of the country near the Caspian Sea. adding that the new installations will be 100% eco-friendly and in full compliance with all environmental standards.

Caretaker of the Planning and Development Management of Iran’s National Petrochemical Company (NPC) said that the country is expecting two leaps in its petrochemical production in 2021 and 2025 to hit the yearly output of million tons in 5 years.

Iranian Industry Minister said that his country and Iraq have the potential to increase the volume of their bilateral trade to $20 billion by 2021. adding that Tehran and Baghdad are determined to meet the objective.