TEHRAN – The head of Russia’s state-controlled oil giant Rosneft said it has signed a road map with the National Iranian Oil Company (NIOC) to implement “strategic” projects in Iran, the head of Igor Sechin said on Wednesday that the deal paved the way for legally-binding documents to be signed within a year, according to […]

TEHRAN- The value of Iran’s non-oil trade with foreign partners reached $52.527 billion during the first seven months of the current Iranian calendar year (March 21- October 22), up $3.59 billion or 6.2 percent from the same period last year, Tasnim reported on Tuesday. The country’s foreign trade stood at $49.468 billion during the last […]

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 […]

TEHRAN- The value of Iran’s saffron exports during the first five months of the current Iranian calendar year (March 21-August 22) rose 16.22 percent compared to the same period of time in the previous year, IRNA reported. As reported, some 68.640 tons of saffron worth $92.623 million was exported to 55 different countries during the […]

TEHRAN – Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said Iran is ready to back a deal to extend OPEC-led production cuts through the first quarter of 2018. “Yes, we will support (extending the deal),” Zamaninia was quoted by the Tass news agency as saying on Wednesday. OPEC clinched a historic deal […]

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- 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 – An Iranian delegation headed by Islamic Republic of Iran Broadcasting (IRIB) director Abdol-Ali Ali-Asgari arrived in Damascus, Syria on Friday to hold meetings with a number of cultural officials of the country. He visited Syria’s General Organization of Radio and TV on the first day of his trip and met with a number […]