Mohammad Meshkinfam Managing Director of Pars Oil and Gas Company (POGC) said Wed. that an Iranian company along with China’s CNPCI will complete South Pars phase 13 after a probable Total exit from the project. “We have imported enough number of CRA (corrosion resistant alloy) pipes for South Pars phase 13 oil wells in positions […]

Head of Center for Contemporary Iranian Studies in Russia Recep Safarov said that Islamic Republic of Iran and Russia can play a decisive role in changing the international conditions in terms of politics and economy. “Iran can be the center stage of economy in the world,” he said, adding, “Iran and Russia in tandem with […]

Valiollah Seif, the Governor of the Central Bank of Iran (CBI), reassured on Wednesday that there would be no problem for Iran’s economy after Trumps withdrawal from the JCPOA. “Trump’s administration is doing its utmost to unload the heaviest burden on the Islamic Republic of Iran with the lowest cost for US,” said Valiollah Seif, […]

TEHRAN- The mananger of the Japanese pavilion at the 23rd Iran International, Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2018) voiced his country’s readiness for granting licenses to Iranian petrochemical companies. As IRIB quoted Kenichi Saito, Japanese companies attending Iran Oil Show, including Mitsubishi Chemical Corporation, Mitsui Chemicals, and Sumitomo Chemical Company, are […]

TEHRAN- Managing Director of Iran’s flag-carrier Iran Air Farzaneh Sharafbafi announced on Wednesday that the company will announce its final decision about the purchase of aircrafts from Airbus and Boeing within two weeks, Tasnim news agency reported. Iran Air will make decisions regarding new policies of the Iranian government towards the agreements with the two […]

US Treasury Secretary said Tue. that licenses for Boeing Co and Airbus to sell passenger jets to Iran will be revoked following Trump’s withdrawal from the nuclear deal and the reinstatement of sanctions against the Islamic Republic. According to Reuters, US Treasury Secretary Steven Mnuchin told reporters at the Treasury on Tue. that “the Boeing […]

 In its latest report, World steel Association (WSA) put Iran’s steel production volume in the first three months of the current year in 2018 at 47 percent growth. Islamic Republic of Iran managed to produce 2,350,000 tons of steel in March 2018, showing a significant 43.7 percent growth. According to statistics, crude steel production volume […]

TEHRAN- Transit of goods via Iran’s railway network is planned to reach three million tons in the current Iranian calendar year (which ends on March 20, 2019), according to the Islamic Republic of Iran Railways (known as RAI). Some 1.58 million tons of goods have been transited via Iranian railways in the past calendar year, […]

TEHRAN- National Iranian Oil Company (NIOC) introduced 14 oil exploration blocks in Iran to the Iranian and foreign companies in a meeting in Tehran on Monday, Shana news agency reported. The meeting participated by the representatives of Iranian and foreign companies was held on the sidelines of the 23rd Iran International, Oil, Gas, Refining and […]

The international department of the Iranian oil ministry signed an MoU with the representative board of Spanish firms in Tehran aiming to enhance oil and gas relations. The deal was signed on the sidelines of the 23rd Iran oil and gas show on Monday between Hossein Esmaeili Shahmirzadi, director general of the Europe, US and Caspian […]