TEHRAN- Iranian Transport Minister Abbas Akhoundi and Russian Energy Minister Alexander Novak discussed the ways to expand cooperation between the two countries in economic, industrial and energy sectors, IRNA reported. In a meeting with Akhoundi in Moscow on Friday, Novak, who is the Russian head of Iran-Russia Joint Economic Committee, emphasized the importance of boosting […]

TEHRAN – Iranian and Russian companies are mulling over cooperation for development of 10 oil and gas fields in Iran, IRNA reported on Saturday, quoting a National Iranian Oil Company (NIOC) official. According to Seyed Saleh Hendi, the director for exploration in NIOC, the company has signed multiple memorandums of understanding (MOUs) with Russian companies […]

TEHRAN – Some renowned Russian companies are discussing cooperation for joint implementation of oil and gas projects worth $1.5 billion in Iran, Reuters reported quoting a Russian oil official. According to Roman Panov, Rosgeologia’s chief executive officer, the State-owned company is in talks with Zarubezhneft, Gazprom Neft and Lukoil on joint investment in Iranian projects. […]

TEHRAN- Iranian Finance and Economic Affairs Minister Masoud Karbasian and Azerbaijani Economy Minister Shahin Mustafayev discussed the ways to boost economic cooperation between the two countries in different sectors. In a joint press conference after their meeting in Baku on October 26, Karbasian said: “Fields of cooperation between Iran and Azerbaijan have fortunately increased and […]

TEHRAN- Iranian Transport and Urban Development Minister Abbas Akhoundi and Russian Minister of Construction Housing and Utilities Sector Mikhail Men signed an MOU on construction of houses on Thursday. The two sides, in Moscow, agreed on exchange of experience in housing sector and construction of houses in major cities, IRNA reported. According to the Russian […]

TEHRAN- Iran’s crude oil exports for October are set to stand at 2.09 million barrels per day (bpd), Reuters reported quoting a person with knowledge of the country’s tanker loading schedule. As reported, the country’s crude exports are set to fall 480,000 bpd from 2.57 million bpd in September. However exports to Japan are set […]

TEHRAN- Iran is ready to supply 1000-3000 megawatts of electricity to Pakistan if Islamabad signs an agreement with Tehran, according to Iranian Ambassador to Pakistan Mehdi Honardoost. He made the remarks on Thursday when visiting Islamabad Chamber of Commerce and Industry (ICCI), The Nation reported. The Iranian envoy said Iran’s gas pipeline (IP) project could […]

TEHRAN  – Iran’s total crude and condensate exports for October are expected to tumble by nearly a fifth from the previous month to a 19-month low, a source said. Crude and condensate exports for October will be 2.09 million bpd, the lowest since March 2016, down from 2.57 million bpd in September dented by production […]

TEHRAN – China’s September oil imports from Iran increased 59 percent from the same month a year earlier, Reuters reported citing the country’s customs data. The country Shipped in about 784,060 barrels per day (bpd) or 3.22 million tons of Iranian crude in September, compared with 1.9 million tons in the same period in 2016. […]

TEHRAN- The Iranian capital is simultaneously hosting four international exhibitions from October 25 to 28 at the Tehran Permanente International Fairground, IRIB news reported on Wednesday. The three international exhibitions include the 4th International Exhibition of Footwear, Bag, Leather and Related Industry, the 16th International Exhibition of Heating, Cooling, Ventilating, Air Conditioning and Refrigerating, and […]