Iranian Oil Ministry and the Academic Center for Education, Culture, and Research (ACECR) have signed two memorandums of understanding (MOUs) and two contracts for expanding cooperation in various areas. The mentioned agreements were signed on Monday by ACECR Head Hamidreza Tayebi and the representatives of companies affiliated with the Oil …
Read More »Non-Oil Trade with Neighbors Stands at $33b in 8 Months
The value of Iran’s non-oil trade with its neighbors stood at $33 billion during the first eight months of the current Iranian calendar year (March 21-November 21), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced. Ruhollah Latifi put the weight of non-oil trade with the neighboring …
Read More »Iraq Eyes Boosting Gas Imports from Iran
Iraq’s Ministry of Electricity has expressed willingness for increasing natural gas imports from Iran, IRNA reported on Sunday quoting the ministry spokesperson Ahmed Mousa as saying. Mousa noted that the ministry is negotiating the increase with Iranian authorities and will dispatch a delegation to Tehran in this regard. He did …
Read More »Iran Currently Able to Exchange Electricity with 6 Neighbors
Iranian Energy Minister Ali-Akbar Mehrabian has said the country is currently able to exchange electricity with Afghanistan, Iraq, Azerbaijan, Turkmenistan, Armenia, and Turkey, IRNA reported. As reported, developing energy diplomacy and exchange of electricity with the neighboring countries has been among the top priorities of the energy minister and in …
Read More »Non-Oil Trade Rises 40% in 8 Months yr/yr
The value of Iran’s non-oil trade rose 40 percent during the first eight months of the current Iranian calendar year (March 21-November 21), as compared to the same period of time in the past year, the head of the Islamic Republic of Iran Customs Administration (IRICA) announced. Mehdi Mir-Ashrafi said …
Read More »Natural Gas Consumption Exceeds Production Level, Warns NIGC
Head of the National Iranian Gas Company (NIGC)’s Production Coordination and Supervision Management Ahmad Zamani said the consumption of natural gas in the country has exceeded the current production level, Shana reported. Speaking to the national TV on Monday, Zamani called on various sectors to manage their consumption during the …
Read More »NIOC Seeking New Strategies for Attracting Investment
The Managing Director of the National Iranian Oil Company (NIOC) has said his company is seeking new win-win strategies for attracting investment in the country’s oil and gas industry, Shana reported. “When talking about the need to improve contracts and increase the bargaining power and attractiveness of projects, we do …
Read More »North Pars Field to Add 100 mcm to Iran’s Natural Gas Output
Head of the National Iranian Oil Company (NIOC) said on Thursday that developing the country’s North Pars gas field is going to add 100 million cubic meters (mcm) to Iran’s natural gas output, the portal of the Pars Oil and Gas Company (POGC) reported. Speaking in a meeting with the …
Read More »Iran Consumes Natural Gas Equal to 12 European Countries
Head of National Iranian Gas Company (NIGC) has said Iran is the world’s fourth consumer of natural gas and the country’s gas consumption equals that of 12 European countries, Shana reported. “We are the third-largest gas producer in the world and the fourth largest consumer after Russia, the United States, …
Read More »Power Plants’ Liquid Fuel Storage up 400m Liters
Head of Iran Grid Management Company (IGMC) has said the liquid fuel storages of the country’s power plants are 71 percent full on average, which means that currently there is 400 million liters more liquid fuel available compared to the previous year. According to Mostafa Rajabi Mashhadi, the amount of …
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