TEHRAN – Deputy prime minister of Serbia said his country was expecting an increase in the number tourists from Iran and China in the new year. Rasim Ljajić, Deputy Prime Minister of Serbia and the Minister of Trade, Tourism and Telecommunications, said his country gained revenue worth 1.2 euros through tourism in 2017 that was […]

TEHRAN – Iran’s Kharg Island oil terminal capacity for receiving, storing and exporting of oil is set to increase by 700,000 barrels per day (bpd) in two years, IRNA reported on Tuesday quoting an oil official. According to Pirouz Mousavi, the managing director of Iranian Oil Terminals Company (IOTC), the necessary infrastructures for such a […]

TEHRAN- Iran could export $11.6 billion of non-oil goods during the first three months of the current Iranian calendar year (March 21-June 21, 2018), showing an annual increase of 15.5 percent, Iranian economy minister announced in a press conference on Tuesday. TEHRAN- Iran could export $11.6 billion of non-oil goods during the first three months […]

TEHRAN- Iran will set up a secondary currency market by the next week, Central Bank of Iran (CBI) Governor Valiollah Seif announced on Monday. The decision was made as the Iranian rial plunged to a record low against the U.S. dollar in the unofficial market on Sunday, Tasnim news agency reported. A detailed plan has […]

Deputy Oil Minister for Research and Technology Affairs Eng. Habibollah Bitaraf said that oil industry accounts for 70 share in export portfolio of the country. Physical Assets Management Manual of the oil industry compiled and notified in 2014, so that manual of its national standards is on the agenda, he opined. Speaking in the 1st […]

Deputy Ministry of Oil for Engineering, Research and Technology Affairs Habibollah Bitaraf put crude oil value exported from Iran in the past Iranian calendar year in 1396 (ended March 20, 2018) at $50 billion. Total export currency revenues of the country in the past year hit about $90 to $95 billion, $50 billion and $20 […]

Deputy Ministry of Oil for Engineering, Research and Technology Affairs Habibollah Bitaraf put crude oil value exported from Iran in the past Iranian calendar year in 1396 (ended March 20, 2018) at $50 billion. Total export currency revenues of the country in the past year hit about $90 to $95 billion, $50 billion and $20 […]

 Indian officials announced that payment of oil money to Iran through European banks is ‘impossible’. In a session held in the presence of French, German and UK bankers, payment of oil money to Iran via European banks is relatively ‘impossible’. Several Indian governmental sources announced that India intends to revive a mechanism for oil payments […]

 Iranian Oil Minister Bijan Namdar Zanganeh said Iran will take measures and act based on the resolution adopted by the Organization of Petroleum Exporting Countries (OPEC) in its recent meeting. Some countries want to give a positive signal either to the market or the US, so that this issue has nothing to do with OPEC’s […]

 The American officials have reportedly asked Japan to completely halt oil imports from Iran, sources familiar with the matter have told world media. The United States officials have made the request during a recent meeting with Japanese officials in Tokyo this week, Bloomberg reported on Friday, adding no decision has been reached and discussions will continue […]