Director-general of Khorramshahr Ports and Maritime Department said the first shipment of oil products to the United Arab Emirates (UAE) has been loaded and exported from the southwestern Iranian port.
IRAN Feed Atom
Oil and gas trade has had a remarkable effect on Iran’s economic growth, said a member of the Parliament’s Energy Committee on Saturday.
With 942 vessels, Iran is the largest maritime trade power in the Middle East region and owns more than a third of the merchant ships in the region.
Average daily gasoline consumption in Iran has reached about 110 million liters in the current Iranian calendar year, according to the managing director of the National Iranian Oil Products Distribution Company.
Iranian Oil Minister Javad Owji on Thursday praised ‘favorable’ cooperation and understanding between OPEC+ producers.
Gabon and Iran were on Thursday elected as president and alternate president of the Conference of Ministers of the Organization of Petroleum Exporting Countries (OPEC) for 2024, respectively.
Iran’s Oil Minister Javad Owji on Wednesday said 3.1 billion cubic meters (bcm) of natural gas have been stored, calling it a “desirable” record.
More than 80 percent of equipment and products used in Iran’s petrochemical projects are supplied by domestic companies, said the National Petrochemical Company (NPC) managing director on Wednesday.
A member of Iran’s Parliament said the effects of the government’s policies to neutralize sanctions and increase oil revenues and economic growth are “noticeable”.
The U.S. Energy Information Administration (EIA) in a report put Iran’s oil output at 3.1 million barrels per day (bpd).
Fajr Jam Gas Refining Company in Iran’s southern province of Bushehr reported a 27 percent reduction in flaring intensity.
Iran's GDP including oil grew 7.1 percent in the second quarter of the current Iranian calendar year, compared to the second quarter of last year, according to the Statistical Centre of Iran .
Managing Director of NIOC Mohsen Khojasteh Mehr said three billion cubic meters (bcm) of natural gas have been stored in the country’s storage facilities during the first eight months of the current Iranian calendar year which is a new 10-year record high.
The average output of Iranian oil wells is 1.55 tb/d. Since the bulk of oil wells in Iran have already reached the second half of their lifecycle and would continue to see their production fall, the National Iranian Oil Company decided in 2021 to engage local technological companies to rehabilitate shut-in and low-yield wells.
The electricity generated by Iranian renewable power plants in the seventh Iranian calendar month of Mehr (ended on October 22) increased by 17.4 percent compared to the previous month, IRNA reported.
Officials from the Trade Promotion Organization of Iran (TPOI) and representatives of the private sector have held a meeting to identify and assess trade opportunities between the Islamic Republic and Saudi Arabia.
Iran’s export of products to China in October 2023 grew 25 percent compared to a month earlier, China's Customs Office data showed.
Oil Minister Javad Owji on Wednesday said Iran, as one of the founders of OPEC, always supports the agreement and decisions made by OPEC+, a group comprising the Organization of the Petroleum Exporting Countries and allies.
Iran’s oil and gas sector has achieved 25.6 percent economic growth, an “unprecedented” rate in domestic industry, Oil Minister Javad Owji said on Wednesday.
Iranian President Seyyed Ebrahim Raeisi on Monday said the increase in oil production and exports amid sanctions and threats is a “golden leaf in the popular government’s record” in the past two years.