No country can replace Iran’s oil, says min. Zanganeh
Iranian Minister of Petroleum, Bijan Zanganeh, stressed that neither Saudi Arabia nor the UAE nor any other country can ever replace Iran’s oil in the global market.
PEDEC enhances Yaran joint oilfield output using mobile processing unit
In line with the efforts to boost the oil prodcution in major Iranian oilfields, a mobile oil separator (MOS) has been installed and launched in South Yaran Oilfield near the Iraqi border, an official with the Petroleum Engineering and Development Company (PEDEC) said.
Emergency Operations Center opens at Iran Airports Company
A Safety and Emergency Operations Center has been inaugurated at the Iran Airports Company during a ceremony attended by Minister of Roads and Urban Development, Mohammad Eslami.
1st refinery unit of SP Phase 14 to be launched by yearend
Managing Director of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam revealed the launch of first refinery unit of Phase 14 of South Pars Gas Field in late Oct. 2019.
Iran’s trade surplus at $12bn: CBI
Exports Department Manager of Central Bank of Iran (CBI) Samad Karimi on Sunday put the country’s trade surplus at $12 billion, saying that Iranian economy can be administered without oil revenues appropriately.
‘Over 6,500 stone processing units operating across Iran’
Director General of Mineral Industries Office of the Ministry of Industry, Mining and Trade Seifollah Amiri said over 6500 stone processing units are currently active across the country, 500 of which are exporting to global markets.
Forex market stabilized, rial soaring
Forex market in Iran has been experiencing many ups and downs after the U.S. withdrew from Iran’s nuclear deal (known as JCPOA) in May 2018.
Iran’s economic ties with neighbors, essential to ward off intl. threats
An expert for international affairs Abbasali Mansouri Arani believes that Islamic Republic of Iran must focus on developing economic relations with neighboring countries in order to ward off global threats.
IRICA stands at 2nd rank in countering goods smuggling
Islamic Republic of Iran Customs Administration (IRICA) stood at the second rank last year (ended March 20, 2019) in terms of dealing with smuggling goods.
No worries over fuel supply, senior official says
Iran doesn’t have any problems regarding production and supply of gasoline and gasoil despite the U.S. sanctions, Press TV reported, quoting an official with the oil ministry as saying on Wednesday.