Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi said excluding Iran from the global oil market could have “serious effects” on oil prices. “I am not an expert on this. But I think it is obvious and everybody is predicting that if Iran is out of the (global oil) market, it would have […]

 Iranian Mapna Group Company signed a memorandum of understanding (MOU) with Syrian Public Establishment of Electricity for Generation (PEEG) on Tuesday for constructing a 540 megawatt (MW) combined cycle power plant in Syrian port city of Latakia, IRNA reported. The MOU was signed by PEEG’s Managing Director Mahmoud Ramadan and MAPNA Group’s Managing Director Abbas […]

 Iran’s value of non-oil exports to China increased 11.62 percent during the first half of the current Iranian calendar year (March 21-September 22) compared to the same period of time in the previous year, according to the data released by the Islamic Republic of Iran Customs Administration (IRICA). IRICA data show that Iran exported 13.703 […]

Following government’s Saturday measure to grant authority to the Central Bank of Iran (CBI) to interfere in the foreign exchange market in defense of the rial, the Iranian currency started to regain incrementally. On Tuesday, in the Iranian capital, money exchange shops offered around 140,000 rials for one U.S. dollar, while the rate stood at […]

 Iran’s crude oil exports to Japan jumped 65 percent year on year in August, marking the fourth consecutive month of increase, Platts reported citing Japan’s Ministry of Economy, Trade and Industry (METI)’s trade data. According to the data released on Thursday, the Asian country shipped in 177,475 barrels per day (bpd) of Iranian crude oil […]

Interior Minister Abdolreza Rahmani Fazli said on Tuesday effective decisions have been made to alleviate the foreign currency and gold coin market. “Crucial decisions have been made in the Supreme Council of Economic Coordination, a joint meeting attended by the heads of the three branches of power, and we will observe a decreasing trend in […]

 Iranian Oil Minister Bijan Zanganeh will take part at the 2018 Russian Energy Week International Forum on 3-6 October in Moscow. According to the Public Relations Department of Iran’s embassy in Moscow, Zanganeh is scheduled to take part and deliver a speech at the Forum’s panel about global gas market in 2030. The Iranian minister […]

Non-oil exports from the western ports of southern Hormozgan province in the first half of the current fiscal (started on March 21) stood at 517,123 tons, registering a 27% growth in terms of weight comparing with the corresponding period of last year, a senior official said on Monday. Ghasem Askarinasab, the director of Bandar Lengeh […]

Crude oil will be offered at Iran Energy Exchange (IRENEX) since Saturday to thwart U.S. sanctions, Deputy Oil Minister Ali Kardor told IRANNEWSDAILY on Monday. The government is to offer oil in form of 5,000-barrel-cargos and the total of one million barrels, he said. The offered oil at IRENEX will be exported, Kardor added. The […]

 Vice President Es’haq Jahangiri unveiled the package issued by resistance economy committee on June 18, 2018 to support non-oil exports announcing it to all the affiliated state-run organizations, IRIB reported. Jahangiri has required the Iranian industry ministry to attach Iran’s exports destinations and goals within ten days of the announcement of the package to it. […]