Deputy Head of Industrial Development and Renovation Organization of Iran (IDRO) for Energy Affairs Hamid Bazargan said that indigenizing refinery parts and equipment in phase 14 of South Pars Gas Field (SPGF) hit a high record. Capability of domestic manufacturing of equipment of main packages of the refinery was dramatically increased, so that a new […]

 An official with the Iranian Ministry of Petroleum said the country was not only self-sufficient in gasoline production but had excess production capacity, which could be earmarked for exports. Addressing the 6th Drilling Congress and Exhibition in Tehran on Saturday, Houshang Falahatian, the deputy petroleum minister for planning, said shifting policies from an economy dependent […]

 The construction operation of a small thermal power plant with a capacity of 25 megawatts in Aqqala, northern Golestan province, started on Sunday. According to Ali Akbar Nasiri, the head of Golestan Power Distribution Company, the project is envisaged to go on stream with an estimated cost of 12 million euros in cooperation with a […]

In line with the plans to boost regional connectivity, Afghanistan will formally start sending goods to India through Chabahar Port, southern Iran, on Sunday. In a ceremony attended by Afghan President Ashraf Ghani, the shipment will head to Chabahar Port from Zaranj City in Nimroz province, in the west of Afghanistan, said President Ghani’s spokesman […]

Oil Minister Bijan Namdar Zanganeh says efforts for offering crude at Iran Energy Exchange (IRENEX) will finally pay off, but the bid needs time. Speaking to ICANA on Saturday, Zanganeh said IRENEX is expected to gain but the efforts may take a while to come into fruition. “The Oil Ministry continues to offer crude at […]

The Kish Free Zone Organization denied the transfer of the island to the Chinese, saying that some are seeking to exploit the sense of patriotism and nationalism of the people. Deputy Director for Economic and Investment Affairs of Kish Free Zone Organization Mohammad Reza Saeedi dismissed false rumors circulating on social media on the transfer of […]

 Austrian Ambassador to the Islamic Republic of Iran Stefan Scholz said on Fri. that his country will cooperate with the Islamic Republic of Iran for constructing green energies ecological center. Islamic Republic of Iran is known as a driving force in the Middle East region, he said, adding, “the country’s tendency for moving towards renewable […]

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 […]