Iranian gas refineries are currently producing 840 million cubic meters (mcm) of gas per day, according to the director of production coordination and supervision of the National Iranian Gas Company (NIGC). Speaking to the press on the sidelines of a visit to Ilam Refinery, Mohammad-Reza Jolaei, said natural gas accounts …
Read More »Iran Exports Non-Oil Goods Worth $1.2b to Pakistan in 7 Months
Iran has exported non-oil commodities valued at $1.2 billion to Pakistan in the first seven months of the current Iranian calendar year (March 20-October 21), the former head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Mohammad Rezvanifar said that Pakistan was the sixth top export destination of …
Read More »Natural Gas Transmission Exceeds 130 bcm in H1
Gas transmission through Iran’s natural gas network reached 133 billion cubic meters (bcm) in the first six months of the current Iranian calendar year (March 20-September 21), Iranian Gas Transmission Company (IGTC)’s Managing Director Peyman Khazraei announced. Khazraei said 74 percent of the overhaul plans and development goals of the …
Read More »Non-Oil Exports to Russia Rise 12% in 6 Months on Year
The value of Iran’s non-oil exports to Russia rose 12 percent in the first six months of the current Iranian calendar year (March 20-September 21) compared to last year’s first half, the Islamic Republic of Iran Customs Administration (IRICA) data showed. According to the mentioned data, Iran exported 1.3 million …
Read More »U.S. Imposes New Sanctions on Iran’s Oil, Petrochemical Sectors
The United States has introduced a fresh wave of sanctions targeting Iran’s oil and petrochemical industries, following Iran’s retaliatory missile attacks on Israeli military and intelligence facilities earlier this month. The sanctions, announced by the U.S. Treasury Department on Friday, are aimed at intensifying financial pressure on Iran, restricting its …
Read More »Iran-Turkey Five-Month Trade Exceeds $6b
The value of non-oil trade between Iran and Tukey stood at $6.01 billion in the first five months of the current Iranian calendar year (March 20-August 21), the Islamic Republic of Iran Customs Administration (IRICA) reported. The IRICA report put the weight of the non-oil trade between the two countries …
Read More »Iran Remains OPEC 3rd Biggest Oil Producer in August
The Organization of Petroleum Exporting Countries (OPEC) in its latest report has said Iran produced 3.277 million barrels per day (bpd) of crude oil in August, registering a 4,000-bpd increase compared to the previous month. As reported, Iran has maintained its place as OPEC’s third-biggest oil producer after Saudi Arabia …
Read More »OPEC Chief Praises Iran’s Former Oil Minister
The secretary general of the Organization of Petroleum Exporting Countries (OPEC) has thanked Iran’s former Oil Minister Javad Oji for his positive contribution to the organization, Tasnim News Agency reported. In a message to Oji, Haitham al-Ghais said: “I have received the news of the change in the oil ministry …
Read More »How Oman Plays a Role in Iran’s Plan to become an LNG Superpower
Liquefied natural gas (LNG) has become the world’s most sought-after emergency energy source following Russia’s invasion of Ukraine on 24 February 2022. This is because it is readily available in the spot markets and can be moved quickly to anywhere required, unlike gas or oil sent through pipelines. Unlike pipelined …
Read More »Iran Producing 70m Liters/Day of Euro 5 Gasoline
Head of National Iranian Oil Refining and Distribution Company (NIORDC) Jalil Salari says the country is currently producing over 30 million liters of Euro 4 gasoline and 70 million liters of Euro 5 gasoline on a daily basis. Referring to the growth of all the country’s refineries in the production …
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