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 […]

TEHRAN – Amir Hossein Zamaninia, Iran’s deputy oil minister for international affairs, said the country is expected to sign over $20 billion worth of oil and gas deals in the next year. “Iran is currently negotiating 28 provisional agreements with foreign oil companies,” Zamaninia told Financial Times. According to the official, the negotiations are underway […]

TEHRAN – Belgium’s Exmar is in talks with National Iranian Oil Company (NIOC) to use its floating liquefied natural gas vessel for liquefaction and export of Iranian natural gas, Reuters reported. NIOC said in a statement on its website it would supply natural gas for the project, led by Norway’s IFLNG which is a subsidiary […]

TEHRAN- Indian government plans to set up a panel of secretaries on development of the Iranian southeastern port of Chabahar. The panel will look into issues related to easing of financial terms and other contractual issues, in order to make the project more lucrative for private investors which New Delhi plans to attract for assisting […]

TEHRAN – Hamid Baeidinejad, Iran’s ambassador in London, said British companies are interested in Iran’s market and call for expansion of economic ties with the country, IRNA reported. The Iranian envoy made the remarks after the British-Iranian Chamber of Commerce, Industries, and Mines (BICCIM) annual reception and dinner at the House of Commons in London […]

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 […]