The U.S. Treasury Department on Tuesday revoked its authorization of Iranian oil sales after a series of attacks on tankers in the Strait of Hormuz this week.
IRAN Feed Atom
An oil and gas expert stated: Wars do not only destroy infrastructure; they also transform the logic of investment. Any country emerging from a security crisis faces two choices. The first is merely compensating for past damages, and the second is building a more resilient, competitive, and attractive economy for investment from the heart of the crisis.
Iran's Commercial Attaché in Doha announced the reopening of Qatar's Al Ruwais port to Iranian goods and the resumption of maritime trade between the two countries.
The CEO of the National Iranian Oil Company said the massive public turnout at the farewell ceremony for the Martyred Leader reflected a renewed commitment to his ideals, stressing that oil industry employees remain steadfast in carrying out their responsibilities as the country's economic frontline.
Oil Minister Mohsen Paknejad said the country will remain steadfast in the face of its enemies, pledging continued support for Iran's leadership and resilience against external threats.
In a meeting between the Oil Minister of Iran and the Minister of Foreign Affairs of the Republic of Nicaragua, the development of bilateral cooperation between the two countries in the oil and energy sector was emphasized.
Iran has begun talks with Japanese companies under a U.S. sanctions waiver allowing it to resume oil sales, though prospective buyers are seeking a longer waiver and reassurances about ship safety, three Iranian and Western sources said.
The secretary-general of the Organization of the Petroleum Exporting Countries (OPEC) extended condolences to Iran over the funeral of the Martyred Leader, Ayatollah Ali Khamenei.
Increasing the collection of flare gases in Iran's oil industry can compensate for part of the gas shortage in winter; a capacity that both prevents resource wastage and helps sustain energy supply.
Following the damage sustained by petrochemical power plants during the war and the Ministry of Energy's ongoing efforts to resolve the energy deficit in this sector, Iran's Deputy Minister of Energy for Electricity and Energy has departed for Turkey to initiate preliminary negotiations and consultations regarding electricity imports.
The Oil Ministry's Basij Resistance Center has established service stations along the route of the farewell and funeral ceremonies for the Martyr Leader, offering cultural, medical and hospitality services to participants.
President Masoud Pezeshkian commended Iran's oil minister and the country's oil and gas industry for maintaining energy production, exports and public services despite recent challenges.
The Deputy Governor of the Central Bank of Iran (CBI), while participating in the consultative meeting on establishing the Shanghai Cooperation Organization Development Bank and presenting technical and executive proposals, emphasized Iran's active role in advancing the formation of this international financial institution.
TankerTrackers: Iran has exported 50 million barrels of oil over the past two weeks, generating approximately $3.5 billion in revenue.
The Iranian Oil Ministry will not be swayed by psychological warfare or rumor campaigns, the ministry's public relations chief and spokesperson said Tuesday, dismissing attempts to spread misinformation.
Iranian researchers at a knowledge-based company have developed rapid gas detection kits capable of identifying the type and concentration of hazardous gases within seconds, placing the country alongside Germany and Japan as the world's only producers of the advanced technology, the company's CEO said.
Iran's president said the recent ceasefire agreement is a great victory for the Iranian people, confirming that oil and petrochemical sanctions have been removed and that $6 billion in frozen funds will be returned via Qatar.
The CEO of the National Iranian Oil Products Distribution Company (NIOPDC) has ordered expanded inspections of fuel stations, saying the company will prioritize public complaints and take firm action against any violations or poor service standards.
During a meeting with the Head of the Turkey–Iran Parliamentary Friendship Group, the Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said that expanding economic, social, and cultural cooperation among nations can help prevent conflicts and wars. He stated that economic diplomacy should be employed as an instrument for promoting peace.
The CEO of the National Iranian Drilling Company (NIDC) said: 23 oil and gas wells were drilled and completed in the first three months of this Iranian calendar year (March 21-June 20), through the efforts of the drilling crews and the utilization of the company's drilling fleet, in the country's onshore and offshore oil-rich areas.