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– The death toll from a fire at Tehran Oil Refinery rose to seven after one of those injured in the incident died in hospital on Saturday evening. The fire that broke out at the refinery on Friday afternoon killed six people and critically injured two. One of them later succumbed to his injuries in […]

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 – Iran’s Oil Minister Bijan Zanganeh said oil prices are still under influence of OPEC and US President Donald Trump’s threats against Iran have left no effect on the global oil market. “If Donald Trump’s threats against Iran had any value to the international community, oil prices should have rose up to about 65 […]

TEHRAN – First Vice-President Es’haq Jahangiri announced on Saturday that Iran’s annual non-oil exports currently stand at $47 billion and the country is hopeful that the figure will hit $100 billion per annum in the future, Tasnim news agency reported. He made the remarks addressing the 21st ceremony on the National Exports Day at the […]

French businesses will meet with foreign and finance ministry officials this week to get better acquainted with the possible consequences of Trump’s decertification of Iran nuclear deal on doing business with Tehran, Reuters reports. According to Reuters, French businesses which seek to tap the Iranian market have been invited by the Medef business group, officials […]

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 – 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 – Japanese artist Noriyuki Haraguchi, whose Oil Pool sculpture is installed at the Tehran Museum of Contemporary Art (TMCA), will be visiting Tehran this week to restore his sculpture, TMCA has announced. Haraguchi executed his first Oil Pool sculpture in 1971. A later version was exhibited to great acclaim at “Documenta 6” in the […]

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 […]