Gas consumption by domestic and commercial sectors in Iran increased by six percent in the past Iranian calendar year 1401 (ended on March 20), the head of…
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Iran’s deputy oil minister Saturday said the country’s petrochemical industry earned $26 billion by selling its products in the year of 1401, which ended on March 20,…
Iran and the European Union’s 27 member states traded €401.17 million worth of goods in January 2023, registering a 5.31% rise compared with the same month of…
The World Bank, in its latest Middle East and North Africa (MENA) Economic Update report, released on April 6, predicted that the Iranian economy grows by two…
Iran exported 27 million tons of petrochemical products worth $16 billion in the previous Iranian calendar year 1401 (ended on March 20), the managing director of Iran’s…
The value of trade exchanges between the US and Iran in the first two months of 2023 has reached $9.6 million.
According to…
Iran managed to increase by 65 percent horizontal directional drilling from its oil and gas wells in both offshore and onshore regions during the last Iranian calendar…
Chinese private refineries are buying more Iranian oil as competition for supplies from Russia rises, Bloomberg reported.
So-called teapots are prioritizing the flows, with…
Iranian President Ebrahim Raisi said that the oil and gas sector experienced a growth of nine percent in the past Iranian calendar year 1401 (ended on March…
The National Petrochemical Company (NPC) managing director Wednesday said the upcoming Iran Petrochemical Forum (IPF) will provide a good opportunity to acquire the world’s modern technical know-how…
Iran’s Oil Minister Javad Owji Wednesday said OPEC+ decided to cut its output amid growing pressures from the U.S. for a rise.
Saudi Arabia…
President Seyyed Ebrahim Raeisi here on Tuesday said Iran’s oil and gas production witnessed a nine percent growth in the past Iranian calendar year, which ended on…
Former OPEC affairs head of the Iranian Ministry of Petroleum cited two economic and political factors as main reasons behind the recent OPEC+ surprise decision to cut…
The head of Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) announced the construction of 110,000 solar power plants with a capacity of five kilowatts (KW) for…
Iran’s foreign debt stood at about $6.5 billion at the end of the tenth month of the past Iranian calendar year 1401 (January 20), down 25.15 percent…
The SeaPad logistics platform is located 105km off Assaluyeh, which is tasked with providing logistic and operational support to 18 South Pars platforms that totally produce 350…
National Iranian South Oil Company (NISOC) is planning to enhance production within the framework of short-term annual plans. Given NISOC’s 80% share in Iran’s oil production, planning…
The volume of trade between Iran and Iraq hit $9 billion in the past Iranian calendar year (ending on March 21) showing a roughly 20% increase in…
The increase in export and the new record in producing crude oil despite the economic sanctions on Iran are among the achievements of the Raisi administration, an…
The National Iranian Oil Company (NIOC) managing director here on Wednesday said gas production in South Pars (SP) Phase 11 will begin this year.