Tag Archives: Tehran Times

Iranian Petroleum Industries Equipment Manufacturers Association (known as SIPIEM) has signed a memorandum of understanding (MOU) with Bank Saderat Iran (BSI) to provide 50 trillion rials (over $193 million) of facilities to domestic manufacturers of oil industry equipment. As reported by Shana, the mentioned MOU was signed by SIPIEM Head …

Sources close to the Organization of Petroleum Exporting Countries (OPEC) have told Reuters that OPEC+ is expected to persuade Iran to join the group’s cut deal if the U.S. sanctions are lifted from the country’s oil industry. A successful outcome to the Vienna nuclear talks could lift U.S. sanctions on …

As announced by the managing director of Iranian Central Oil Fields Company (ICOFC), 90 new development wells and 17 workover wells will be dug in the operational zone of South Zagros Oil and Gas Production Company (SZOGPC) in a course of five years. Ramin Hatami made the announcement in a …

The managing director of National Iranian Gas Company (NIGC) has said all of the country’s rural and urban population will have access to natural gas through the national gas network within the next two years, IRNA reported. Speaking in a ceremony for the inauguration of a project for gas supply …

Iran’s oil exports have increased by 40 percent in recent months and the oil, gas, condensate and oil products export revenues are expected to reach $35 billion by the end of the current Iranian calendar year (March 20), Shana reported on Sunday. According to Finance and Economic Affairs Minister Ehsan …

Iran’s Deputy Oil Minister Ahmad Asadzadeh has said his ministry is completely ready for cooperation with the countries in the region, especially the Persian Gulf Arab nations, IRIB reported on Sunday. “At the Oil Ministry, we are fully prepared to cooperate with the countries in the region and the Arab …

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 …

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 …

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 …

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 …