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 […]

 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 […]