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IRENEX to hold offering of 2m barrels of gas condensate on Tuesday 23 Jun 2019

IRENEX to hold offering of 2m barrels of gas condensate on Tuesday

National Iranian Oil Company (NIOC) will offer two million barrels of gas condensate at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.

Paper production volume at 5.5% growth in two months 22 Jun 2019

Paper production volume at 5.5% growth in two months

Statistics of the Ministry of Industry, Mine and Trade showed that 164,900 tons of various types of paper were produced in the first two months of the current year (March 21 – May 21), showing a 5.5 percent increase as compared to the last year’s corresponding period.

FATF decides to continue keeping Iran off the blacklist 22 Jun 2019

FATF decides to continue keeping Iran off the blacklist

The Financial Action Task Force (FATF) in a recent meeting decided to continue the suspension of counter-measures against Iran, noting the country’s progress of legislative, anti-money laundering efforts.

NIOC should focus on petro-refinery projects: Parl. Research Center 22 Jun 2019

NIOC should focus on petro-refinery projects: Parl. Research Center

The Research Center of Iran’s parliament said in a report that petro-refineries are two times more profitable than refineries and suggested that National Iranian Oil Company (NIOC)’s new refinery projects be defined as petro-refineries.

Industry ministry unveils directive on re-injection of export income 22 Jun 2019

Industry ministry unveils directive on re-injection of export income

Following the Central Bank of Iran (CBI), the ministry of industry, mining and trade has issued a directive package which provides the country’s exporters with guidelines about how they should re-inject their foreign currency incomes into the country’s economy, IRNA reported on Thursday.

Flights underway normally through Iranian airspace: CAO 22 Jun 2019

Flights underway normally through Iranian airspace: CAO

Head of Iran’s Civil Aviation Organization (CAO) said Fri. that the country's airspace is completely safe, and direct flights are currently underway over Iran's skies.

‘Establishing exports management companies in border regions a necessity’ 22 Jun 2019

‘Establishing exports management companies in border regions a necessity’

Iranian Industry, Mining and Trade Minister Reza Rahmani said establishing exports management companies in the border regions is a necessity for boosting exports to the neighboring countries, Shata reported on Thursday.

Russia, India discuss agreement within gas supply project from Iran to India 19 Jun 2019

Russia, India discuss agreement within gas supply project from Iran to India

Russia is currently discussing signing a memorandum with India on the Iran-Pakistan-India gas pipeline project, Russian Energy Minister, co-chairman of the intergovernmental commission of Russia and Iran on trade and economic cooperation Alexander Novak told reporters.

OPEC 176th meeting rescheduled for July 1 19 Jun 2019

OPEC 176th meeting rescheduled for July 1

14 members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to change the date of the upcoming OPEC meeting and the OPEC+ assembly from 25 and 26 of June to July 1 and 2, respectively.

$2bn worth of goods exported from Hormozgan prov.’s customs 19 Jun 2019

$2bn worth of goods exported from Hormozgan prov.’s customs

About $2 billion worth of products was exported from customs offices of Hormozgan province in the first two months of the current year (March 21 – May 21).