The Chairman and Managing Director of Pars Oil and Gas Company Meshkinfam said that 6 new gas rigs will get operational by March 2019. “We will have 6 new gas rigs come on line by the end of the year [1397 of Iranian calendar on March 21, 2019] to increase the production of the South […]

Iran exported 5.356 million tons of petrochemical products worth more than $3.158 billion during the three-month period from the beginning of current Iranian calendar year (March 21), IRIB reported citing the data released by National Petrochemical Company (NPC). The country produced over 13.26 million tons of petrochemicals during the first quarter, NPC data showed. As […]

India and Iran are good partners in the oil trade despite Washington’s discontent, and they should continue cooperating if they so wish, Germany’s Minister of State for Foreign affairs Niels Annen said on a visit to New Delhi, RT reported. “I am not a salesman for Iran but I have an impression that India is […]

Leaders of the BRICS emerging economies — Brazil, Russia, India, China and South Africa — will meet in Johannesburg this week, with the threat of a worsening global trade war topping the agenda. US President Donald Trump’s hardening stance has compounded fears of an all-out trade war after he slapped levies on goods from China […]

TEHRAN-Russian Energy Minister Alexander Novak met Iranian Oil Minister Bijan Zanganeh in Moscow on Monday and discussed energy cooperation between the two countries and through OPEC, Russia’s Energy Ministry said. The two ministers also discussed the possibility of Russian oil companies taking part in projects in Iran, the ministry said in a statement, Reuters reported. […]

Last week, Pakistan claimed that India has committed over 1,300 ceasefire violations this year along the line dividing the two countries, resulting in the death of 52 Pakistani nationals. In response, India alleged that Pakistan has violated the ceasefire over 600 times this year, the highest in the last one decade. While the two estranged […]

TEHRAN – Remote sensing centers enjoy great technology for dealing with national strategic challenges like drought, water resources management and crisis management, the Iranian Space Agency (ISA) director said on Sunday, Mehr reported. Remote sensing is the process of detecting and monitoring the physical characteristics of an area by measuring its reflected and emitted radiation […]

TEHRAN- The condition is prepared for offering crude oil in Iran Energy Exchange (IRENEX), Securities and Exchange Organization (SEO) Head Shapour Mohammadi told IRNA on Sunday. The official expressed hope that trading crude oil in IRENEX will occur soon through follow-up measures by the oil and finance ministers. Offering fuel oil and other oil byproducts […]

iran is an important neighbor of Turkey, Turkish diplomatic sources said on Friday during a meeting with American officials to defend their country’s interests against the looming reimposition of US sanctions on Iran. A delegation of US officials led by Deputy Treasury Secretary Marshall Billingslea met with Turkish representatives with the aim of seeking to […]

According to the Islamic Republic of Iran Customs Administration (IRICA), export value of decorative stones in the past Iranian calendar year (ended March 20, 2018) hit $341 million, showing a considerable 94 percent growth as compared to the five previous years. IRICA put the export value of decorative stones in 2012 at $176 million, registering […]