The National Iranian Oil Company (NIOC) is set to launch the second round of gas condensate offering at Iran Energy Exchange (IRENEX) on February 25. NIOC’s representative at IRENEX, Amir Hossein Tebyanian, made the statement on Tuesday, saying at this round, one million barrels of condensate in 35,000-barrel cargos will be sold at the base […]

Islamic Republic of Iran exported $219.258 million worth of products to Russian Federation in the 10 months of the current year (March 21 – Jan. 21), showing a significant 8.56 percent growth as compared to the last year’s corresponding period. Studies of Iran’s foreign trade statistics with 100 countries in the world during 10 months […]

 Iran’s exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry sources, as some customers have increased purchases due to waivers from US sanctions. Shipments are averaging 1.25 million barrels per day (bpd) in February, Refinitiv Eikon data showed and a […]

China’s Foreign Ministry spokesman says Beijing’s energy cooperation with Tehran and its oil imports from the Islamic Republic are conducted under the framework of the international law, and the two countries will continue their normal cooperation. Addressing a press conference in Beijing on Tuesday, Geng Shuang said, “as for China’s energy cooperation with Iran and […]

Executive of Olive Project at the Ministry of Agriculture Seyed Rahmatollah Parichehr said that olive oil production volume has increased more than 30 percent in current year (started March 21, 2017). Statistics showed that 7,100 tons of olive oil was produced in the country, the rate of which stood at about 5,300 tons in the […]

 Data released by the Islamic Republic of Iran Customs Administration show that Iran’s five top exporters accounted for over 50% of the goods entered through the country’s customs during the past 10 months of the current Iranian year (to Jan. 20). China exported goods worth $8.9 billion to Iran during the 10-month period, becoming the […]

CEO of planning and studies center for filling stations Ali Monshi said that Iran has achieved 90% self-sufficiency in producing equipment for filling stations. He made the remarks late on Sunday in a press conference on the eve of 2nd Tehran International Exhibition of Fuel Station and Related Industries, which will be held at Tehran […]

After months of delay and despite the 2015 commitments of European leaders towards the Iran nuclear deal, the so-called E-3 (Germany, France and the UK) registered the Instrument in Support of Trade Exchanges (INSTEX). However, this special purpose vehicle (SPV) has no engine or driver and doesn’t conform with the trade and investment promises made […]

 Iran is among leading countries in developing and producing radiopharmaceuticals and is exporting this kind of medicine to 15 different countries, said Iran nuclear chief Ali Akbar Salehi. “Iran is one of the leading countries in West Asia in the production and the development of new radiopharmaceuticals. And now domestically-produced radiopharmaceuticals are being exported to […]

 President Rouhani launched phase III of Bandar Abbas Gas Condensate Refinery (also called the Persian Gulf Star Refinery) and a project to enhance productivity of Bandar Abbas Oil Refinery on Monday. The projects are being launched on the occasion of the 40th anniversary of the victory of the Islamic Revolution. Construction of the Persian Gulf Star […]