IRAN Feed Atom

The managing director of the National Iranian Gas Company said the company has set a new record for gas sweetening and transmission to the national grid, increasing daily volumes to 882 million cubic meters during the current period, up from 880 million cubic meters last year.
The financial director of the National Iranian Oil Company denied reports that $8 billion in revenue from crude oil and gas condensate exports has not been collected, saying there are currently no stalled receivables.
Behzad Shamsi, chief financial officer of the National Iranian Oil Company (NIOC), said global oil prices have dropped about 21% in recent months compared with previous periods—a significant decline. However, the oil ministry has partly offset the drop by boosting export volumes and reducing discounts.