TEHRAN – Iran’s oil revenues from crude oil and gas condensate exports exceeded $23 billion since the beginning of current Iranian calendar year (March 21, 2017), IRIB news reported on Wednesday. According to the report citing Shana, Iran has exported 2.6 million barrels of crude oil and gas condensate on average on a daily basis. […]

TEHRAN – President of Iran said the country is prepared to supply Pakistan’s needs for energy and to construct power plants across the border areas to export electricity to its neighbor. “We are ready to supply energy to Pakistan, and also welcome the Pakistani investors in this sphere,” President Hassan Rouhani said in a meeting […]

TEHRAN – Iran plans to reduce gas exports to Asia due to some maintenance in its giant South Pars gas field, Reuters reported on Tuesday quoting industry sources. According to the report, National Iranian Oil Company (NIOC) may cut exports by at least 1 million barrels in the mentioned month. The company typically exports about […]

ANKARA  – As economic relations between Turkey and Iran enter an “active” period, trade volume between the two countries is expected to potentially exceed $100 billion, according to Iranian Ambassador to Ankara Mohammad Ebrahim Taherian Fard. Speaking to Turkish daily Dünya, Ambassador Fard said that meetings of the Joint Economic Commission (KEK) and other organizations […]

TEHRAN – The French Ministry for the Economy and Finance is planning to grant a €70 million loan to Iran for the renovation of the country’s airport equipment and radars, said Jean-Baptiste Lemoyne, secretary of state to the minister for Europe and foreign affairs in a meeting with Abbas Akhoundi, the Iranian Minister of Roads […]

TEHRAN – Industrial Development and Renovation Organization of Iran (IDRO) and Russian Trade and Economic Development Council signed an agreement on expanding cooperation in oil, gas, rail and air industries yesterday. According to reports, Iran’s IDRO Group Managing Director Mansour Moazzami signed the deal with his Russian counterpart. After the signing the agreement, Moazzami said […]

TEHRAN – An Iranian minister expressed the country’s willingness to develop a close partnership with German entrepreneurs and industry leaders. In a meeting with a group of German business people in Tehran on Monday, Iranian Minister of Cooperative, Labor and Welfare Ali Rabiee said Iran is ready for trade interaction with German entrepreneurs and industry […]

TEHRAN  – CEO of the National Iranian Oil Company (NIOC) Ali Kardor said the country’s oil production would reach 4 million barrels per day (bpd) by the end of the current Iranian year (March 20, 2018). Speaking to the Tasnim News Agency, Kardor said currently, the total amount of Iran’s crude oil production amounts to […]

TEHRAN– An Iranian deputy oil minister said minor issues impeding the payments Iran receives from China for the export of petrochemicals have been resolved. There has never been any obstacle to the Iranian export of petrochemical products, CEO of Iran’s National Petrochemical Company Marziyeh Shahedaei said on Monday. As regards the delays in the Chinese […]

TEHRAN – Deputy Iranian energy minister said power grids of Iran and Iraq will be interconnected in mid-November. Iran’s Deputy Energy Minister for Electricity and Energy Affairs Houshang Falahatian made the remarks at a joint session with the Iraqi Deputy Minister of Electricity Adel Kazim Jarayan. The Iranian side pointed to status of electricity exports […]