Iraq’s oil ministry has cautioned oil companies against signing contracts with authorities in the semi-autonomous Kurdish region without its approval. “This department and the Iraqi federal government are the only two bodies with whom agreements should be reached for the development and investments in the energy sector,” the ministry said in a statement. Iraqi Oil […]

TEHRAN- Iran Association of Water and Wastewater Experts (IAWWE) and L’Association Internationale de L’Eau (IWA) signed an agreement on the sidelines of the 13th Iran International Water and Wastewater Exhibition (Watex 2017) in Tehran, IRNA reported on Wednesday. The agreement which focuses on cooperation on renovation, expertise, and development in water sector between the two […]

TEHRAN– Total Chief Executive Officer Patrick Pouyanne said the French oil and gas major would push ahead with its Iran gas project if the United States decided to impose unilateral sanctions on Tehran. “If Iran is compliant, if the European Union and China and Russia continue to consider that the JCPOA (Joint Comprehensive Plan of […]

TEHRAN – Iranian Oil Minister, while referring to Uzbekistan’s willingness to buy crude oil from Iran, said relevant negotiations will be pursued with the Central Asian country. Following a meeting with Minister of Foreign Affairs of the Republic of Uzbekistan, Abdulaziz Kamilov, on Tuesday, Iran’s Bijan Zanganeh stated that Uzbeks were after purchasing crude oil […]

TEHRAN- According to an agreement signed between Fars Province Investment Services Center, the Austrian Solar & Benefit Corporation will construct four solar farms in the southwest Iranian province of Fars. According to Deputy Head of Fars Province Investment Services Center Babak Daiee, the four solar farms which will built in the northern parts of Fars, […]

TEHRAN- In a meeting with Iranian Finance and Economic Affairs Minister Masoud Karbasian, Malaysia’s Minister of Finance Johari Abdul Ghani announced that he will lead an economic delegation to Iran in early 2018, Shada news agency reported on Monday. During the meeting which was held on the sidelines of the 2017 Annual Meetings of the […]

TEHRAN – South Korea’s oil imports from Iran jumped 43.1 percent to 14.03 million tons, or 377,059 barrels per day (bpd), in January-September of 2017 from 9.81 million tons over the same period last year. The Asian country’s intake of Iranian crude in September increased 22.8 percent from the same month a year earlier, Reuters […]

TEHRAN – According to Reuters’ report, Iran’s exports of crude oil to South Korea reached the highest level in six months in September, thanks to sanctions relief. As the world’s fifth biggest crude importer, South Korea shipped in 1.83 million tons of crude oil from Iran in September which equals to 446.148 barrels per day […]

TEHRAN- Iran’s liquidity in the fifth month of current Iranian calendar year, Mordad (July 23-August 22, 2017), showed 24.3 percent rise compared to the same time in the previous year. According to a report released by the Central Bank of Iran (CBI), liquidity stood at 13.66 quadrillion rials (about $340.05 billion) in the said month. […]

TEHRAN – Azerbaijani Railways (ADY)’ chairman said ADY is preparing for the beginning of rail freight transportation in the direction of Iran, ABC.AZ reported on Friday. According to Javid Gurbanov, a container terminal in Iranian Astara is expected to open in late November. “Trains in the direction of Astara (Azerbaijan) – Astara (Iran) will begin […]