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 […]

 In his meeting with the governor of Central Bank of Austria, Iranian Minister of Economic Affairs and Finance (MEAF) Masoud Karbasian revealed the construction operation of several infrastructural projects in Iran with a credit line, worth €1 billion, which will be financed by Austria’s Oberbank. Karbasian, who is in Austrian capital Vienna to participate in […]

OPEC agreed on Friday to raise oil production by around 1 million barrels per day (bpd) from July for the group and its allies, an OPEC source said. The output gain is nominal. The real increase will be smaller because several countries that recently underproduced oil will struggle to return to full quotas while other […]

 French energy giant Total has yet to permanently pull out of Iran following the renewal of US sanctions, but CEO Patrick Pouyanne sounded a pessimistic note about his company’s prospects in the country. Total positioned itself to develop a portion of the world’s largest natural gas field after the 2015 Iran nuclear deal lifted punishing […]

TEHRAN- Iran exported over 16.4 million tons of petrochemical products worth $8.581 billion during the first nine months of the current Iranian calendar year (March 21-December 21, 2017), Shana reported on Wednesday citing the data announced by the National Petrochemical Company (NPC). Petrochemical production in Iran stood at over 39.9 million tons during the mentioned […]

TEHRAN- Iran’s major aluminum producers produced 91,379 tons of aluminum during the three-month period from March 21 to June 21, which shows 11 percent growth from the figure of the same period of time in the past year, IRNA reported on Tuesday. As reported, these major companies produced 30,432 tons of aluminum during the Iranian […]