Managing Director of National Iranian Gas Company (NIGC) Hassan Montazer Torbati says despite the US sanctions, the gas exports to neighboring of Iraq and Turkey are continuing. The gas exports to neighboring of Iraq and Turkey are continuing despite the US pressures, Managing Director of National Iranian Gas Company (NIGC) Hassan Montazer Torbati said on Saturday. […]

Production of rich gas has started from the first offshore platform of phase 22-24 of the supergiant South Pars gas field, the project manager said. According to Pars Oil and Gas Company (POGC), the platform is operational and can recover 14.2 million cubic meters per day of natural gas from the massive joint field in […]

 The tenth edition of Iran’s Doors and Windows Technology International Exhibition (Do-WinTech 2019) is due to be held on January 23-26 in Tehran, IRIB reported. During the four-day event, over 350 domestic and foreign companies will gather at the Tehran International Permanent Fairgrounds to showcase their latest products and services. The exhibition will cover a […]

In spite of US sanctions imposed on Iran, India will continue to import oil from Iran. “We have had several rounds of meeting with Iran and several other stakeholders. I can tell you that India continues to import oil from Iran. We have got a waiver in this regard and we will continue to be engaged with all the stakeholders as far as matters […]

 South Korea is expected to restart imports of Iranian crude oil in late January or early February, Reuters reported quoting the head of South Korea’s SK Innovation, which owns the country’s biggest oil refiner SK Energy, as saying on Wednesday. The U.S. launched new sanctions on Iran’s petroleum sector on November 4, but it has […]

 Iranian Oil Minister Bijan Namdar Zanganeh and his Iraqi counterpart Thamir Ghadhban met on Thursday to discuss expansion of bilateral ties in energy sector. Heading a high-ranking delegation, Zanganeh was welcomed by Ghadhban in Baghdad, Shana reported. Speaking in a press conference after the meeting between the two countries’ officials, Iranian minister underlined the great […]

 Iran will not be complying with the “fully illegal” US sanctions, Iranian Oil Minister Bijan Zanganeh said on Thursday, in yet another defiant statement from Tehran after the American sanctions on Iran’s oil and shipping industry snapped back in early November. “We believe that we should not comply with the illegal sanctions against Iran,” Reuters […]

India has begun paying Iran for oil in rupees, Reuters reported quoting an Indian senior bank official as saying on Tuesday. It is the first such payment since the United States imposed new sanctions against Iran in November. The U.S. has given a six-month waiver to eight countries including India for imports of Iranian oil. […]

“The plan on amending domestic banking system is being investigated comprehensively and will become operational after getting prepared,” the governor of the Central Bank of Iran (CBI) announced in social media. According to Abdolnaser Hemmati, CBI’s Money and Credit Council has approved two major foreign currency exchange mechanisms, the first is formation of ‘an organized […]

Turkey has resumed imports of Iranian crude oil under the U.S. sanctions waiver, according to the trading and shipping sources. The country restarted oil imports from Iran after a one-month stop in November when U.S. sanctions on Iran were reimposed, Reuters reported on Tuesday. Turkey used to import about 200,000 barres per day (bpd) of […]