Iran has no plans to leave OPEC: Oil min.
Iranian Minister of Petroleum Bijan Zanganeh said the country has no plans to leave the Organization of the Petroleum Exporting Countries (OPEC).
All SP phases, except ph. 11, to come online by Mar. 2021
Iran’s Oil Minister Bijan Namdar Zanganeh announced on Saturday that by March 2021, all phases of the South Pars gas field, except phase 11, will come online.
US Imposes Sanctions on Iran’s Petrochemical Group
The United States hit Iran's petrochemical group PGPIC (Persian Gulf Chemical Industry Company) with economic sanctions.
IRENEX to offer light crude at $67.32 on Tuesday
The National Iranian Oil Company will offer two million barrels of light crude oil at the international ring of the energy exchange (IRENEX) on Tuesday (June 11) at the base price of $67.32 per barrel.
Astara customs office exports $63mn worth of non-oil products: Director general
The Director General of Astara Customs Office Rasoul Omidi said on Thursday that $63 million worth of non-oil commodities was exported from Astara Customs Office in the first two months of the current year (March 21 – May 21).
PGPIC reaction to US sanctions: We will continue with calm
CEO of the Persian Gulf Petrochemical Industries Company (PGPIC), in reaction to the recent US sanctions, said the group would continue with calm and according to its previous plans.
Iranian firm exports $1.5mn worth of nano socks to neighbors
An Iranian company alone has managed to export $1.5 million worth of nano socks to neighboring countries, such as Iraq, Afghanistan and Turkey.
Iran approves over $1.1bn FDI in mining, mineral sector last year
Statistics of the Ministry of Industry, Mine and Trade showed that more than $1.1 billion worth of Foreign Direct Investment (FDI) was approved in the mining and mineral sector of the country last year (ended March 20, 2019).
NIOC to offer gas condensate at IRENEX with 5% discount
The National Iranian Oil Company (NIOC) is set to offer two million barrels of natural gas condensate at Iran Energy Exchange (IRENEX) today at discounted prices.
CBI governor in S Korea for monetary talks
Governor of the Central Bank of Iran, Abdolnaser Hemmati, landed in South Korean capital Seoul on Sunday evening to hold talks on financial and monetary issues with Korean officials in banking and economic sectors.