Tag Archives: Sanctions

As Iran’s largest petrochemical group which extends to 39 subsidiaries and foreign-based sales agents. Persian Gulf Petrochemical Industries Company (PGPIC) has been considered one of the most profitable entities in the country’s economic body.

Iranian Oil Minister Bijan Zangeneh at the Russian Energy Week panel. while stressing depoliticization of energy sector. proposed setting the goal of achieving 30% share of natural gas in the world energy mix by 2040.

Some 600.000 tons of non-oil goods worth $769 million have been exported from West Azerbaijan province of Iran in the past 6 months (March 21—September 22). which indicates a 145% rise in a comparison with the corresponding period in the last year.

Iran is building an onshore oil pipeline worth US$1.8 billion to a terminal just outside the Strait of Hormuz. the most critical oil chokepoint in the world.

Eight more countries have decided to join the Instex mechanism for trade with Iran. the European Union High Representative Federica Mogherini'.s aide said.

Yamal has been producing and shipping LNG above its expected capacity of 16.5 million tonnes a year (mtpa).

Oil Minister Bijan Namdar Zanganeh highlighted the need for the oil industry to be prepared in the face of malicious physical and cyber threat on the key sector.

Some 784.000 tons of non-oil goods have been exported from Northeastern Iranian province of Khorassan Razavi in the last 6 months. which shows a 30% rise in comparison with corresponding period in the last year.

Iranian officials announced that the country has already completed sophisticated maintenance checks for two of its 2-year-old ATR airplanes. adding that domestic companies will finish the job by March 2020 despite US sanctions.

Head of the National Iranian Oil Refining and Distribution Company (NIORDC) Alireza Sadeqabadi said that his country is planning to increase its gasoline exports to 3 million tons a month to generate around 1.5 billion in revenues.