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 […]

Brazil has voiced interest in looking for hydrocarbon reserves in the Iranian share of the Caspian Sea. This was announced by Brazil’s Ambassador to Tehran Rodrigo de Azeredo Santos in a meeting with Yousef Etemadi, the acting managing director of Iran’s Khazar Exploration and Production Company (KEPCO). Santos emphasized that Brazil’s Petrobras was ready to […]

TEHRAN – Iran’s oil revenues from crude oil and gas condensate exports exceeded $23 billion since the beginning of current Iranian calendar year (March 21, 2017), IRIB news reported on Wednesday. According to the report citing Shana, Iran has exported 2.6 million barrels of crude oil and gas condensate on average on a daily basis. […]

TEHRAN – Industrial Development and Renovation Organization of Iran (IDRO) and Russian Trade and Economic Development Council signed an agreement on expanding cooperation in oil, gas, rail and air industries yesterday. According to reports, Iran’s IDRO Group Managing Director Mansour Moazzami signed the deal with his Russian counterpart. After the signing the agreement, Moazzami said […]

TEHRAN  – CEO of the National Iranian Oil Company (NIOC) Ali Kardor said the country’s oil production would reach 4 million barrels per day (bpd) by the end of the current Iranian year (March 20, 2018). Speaking to the Tasnim News Agency, Kardor said currently, the total amount of Iran’s crude oil production amounts to […]

TEHRAN – Iran Oil Minister Bijan Zangeneh said Tehran and Caracas are ready for carrying out any measure aimed at stabilizing global oil markets. Speaking following a meeting with his Venezuelan counterpart Eulogio Del Pino in his Tehran office on Wednesday, Zangeneh said enhancing mutual energy ties and discussion over current oil market conditions were […]

NEW DELHI – India imported 335,400 barrels per day (bpd) oil from Iran in August, the lowest level since February 2016, posting a fall of about 42 percent from a year ago, according to ship tracking data obtained from industry sources and data compiled by Thomson Reuters Oil Research & Forecasts. August imports from Iran […]