Bijan Namdar Zanganeh, Iran’s oil minister, said on Friday that the Islamic Republic did not allow the Trump administration to decrease Iranian oil export to zero. In separate remarks on Thursday, Zanganeh also said, “Trump thought we die due to the sanctions, but we did not, they are knocked down.” …
Read More »NIOC Inks Deals Worth €1.2b to Boost Oil Output
The National Iranian Oil Company (NIOC) signed eight deals worth €1.2 billion with domestic companies on Monday for developing the country’s oil fields, Shana reported. The deals were signed in a ceremony attended by senior oil industry officials including the Oil Minister Bijan Namdar Zanganeh. The mentioned contracts were inked …
Read More »Iran, Azerbaijan Discuss Oil Market Developments
Iranian Oil Minister Bijan Namdar Zanganeh met Azerbaijan’s Energy Minister Parviz Shahbazov in Tehran on Tuesday night to discuss the recent developments in the region and the global oil market, Shana reported. Speaking in the meeting, Zanganeh underlined Azerbaijan’s positive role as one of the members of the alliance between …
Read More »SP 8th Refinery Produces 10bcm of Gas in 7 Months
The 8th Refinery of Iran’s South Pars gas field produced over 10 billion cubic meters (bcm) of gas in the first seven months of the current Iranian calendar year (March 20-October 21), the refinery’s operator announced. Referring to the recording of the best performance in production and safety among all …
Read More »Iran’s 7-Month Non-Oil Exports Stand at $18.2b
Iran exported 65.5 million tons of non-oil commodities worth $18.2 billion during the first seven months of the current Iranian calendar year (March 20-October 21), registering a 17.5-percent fall in terms of weight, compared to the figure for the previous year’s same period. According to the Head of the Islamic …
Read More »Iran Exports 550 Tons of Non-Oil Goods to Oman via Southern Port
Iran exported the fifth non-oil cargo to Oman via Sirik Port in southern Hormozgan Province, the governor of Sirik County announced. Ahmad Jamaleddini put the weight of the mentioned cargo at 550 tons valued at 64 billion rials (about $1.523 million), including fruits and vegetables, mineral water, paving stones, nuts, …
Read More »Steel Industry in Full Swing
Iran’s crude steel production reached 18.625 million tons in the first eight months of 2020 to register an 11.3-percent increase year on year, Mehr news agency reported. The country’s steel output stood at 16.739 million in the previous year’s same eight months. The increase in the Iranian steel production comes …
Read More »Iran’s Natural Gas Storage Rises in H1
The volume of natural gas stored in Iran’s storage facilities during the first half of the current Iranian calendar year (March 20-September 21) has increased considerably compared to the same period last year, Head of National Iranian Gas Transmission Company (NIGTC) said. According to Mehdi Jamshidi Dana, gas storage in …
Read More »Iran Boosts Oil Exports Sharply in September
The latest reports on Iran’s oil exports indicate that the country has risen oil exports sharply in September in defiance of the U.S. sanctions. Data from TankerTrackers and two other firms indicated exports are rising in September, although the figures fall into a wide range of between 400,000 bpd and …
Read More »Iran Planning to Diversify Petchem Output Basket by 2025
Head of Iran’s National Petrochemical Company (NPC) Behzad Mohammadi said the country’s petrochemical products basket is going to be more diversified by the Iranian calendar year of 1404 (starts on March 21, 2025). Mohammadi made the remarks in a ceremony for introducing the company’s new project director, Shana reported. The …
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