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 […]

TEHRAN- Iran’s non-oil trade during the first half of the current Iranian calendar year (March 21-September 22) hit $44.139 billion, a six percent rise from $41.674 billion in the same time span of the past year, Tasnim reported citing Islamic Republic of Iran Customs Administration (IRICA). According to the latest report published by IRICA, Iran’s […]

TEHRAN – The National Iranian Oil Company (NIOC) and Russia’s energy giant Lukoil have signed two Memoranda of Understanding (MoUs) in the field of geological prospecting, an oil industry source said. “At the beginning of the visit of Iranian Oil Minister Bijan Zanganeh to Russia, a Memorandum of Understanding was signed between the National Iranian […]

TEHRAN – Iranian crude oil production increased by 20,000 barrels per day (bpd) in September from its previous month. According to the latest data released by Reuters, exempted from the OPEC, non-OPEC curbs, Iran has increased its crude output to 3.81 million bpd in September from 3.79 million bpd in August. The country has increased […]

TEHRAN – Iranian oil tanker fleet have succeeded in receiving two new international certificates including ISO9001:2015 and ISO14001:2015. As a result of cruel international sanctions, the process of issuing expert and international certificates had stopped for Iranian tankers who were consequently banned from entering major European ports. Nevertheless, all sanction-related restrictions were alleviated once the […]