The International Monetary Fund (IMF), in its latest World Economic Outlook, has estimated Iran’s inflation to decline to 31.7 percent in 2024 from 40.7 percent last year.
IRAN Feed Atom
With the implementation of the 7th National Development Plan, the total gas required by the petrochemical industry is estimated to reach 168 million cubic meters daily.
Former CEO of NIGC emphasizes cooperation among all sectors to address energy imbalance, stating that resolving gasoline and other energy carriers is not solely the Ministry's responsibility.
The head of National Iranian Oil Products Distribution Company (NIOPDC) says the country’s refineries are fully capable of meeting the needs for airplane fuel and Iran does not need to import such products, IRNA reported.
Based on Iran’s seventh National Development Plan (2022-2027), the country’s petrochemical production capacity is planned to increase by eight percent to reach 130 million tons, Shana reported.
revenues are predicted to be 17 quadrillion rials (about $26.153 billion) in the budget bill for the next Iranian calendar year 1404, which is 39 percent more than the figure for the current year’s budget bill.
National Iranian Drilling Company has managed to indigenize the knowledge for manufacturing 610 drilling equipment items in collaboration with domestic manufacturers and engineers over the past two years, an official with the company said.
Gas transmission through Iran’s natural gas network reached 133 billion cubic meters in the first six months of the current Iranian calendar year, Iranian Gas Transmission Company (IGTC)’s Managing Director Peyman Khazraei announced.
The CEO of Ilam Gas Refinery announced that 20 development and improvement capital projects are being implemented in the refinery.
The Pakistani government has enlisted the expertise of three prestigious international law firms to represent the nation in a legal dispute with Iran regarding the Iran-Pakistan gas pipeline.
Iranian Minister of Transport and Urban Development Farzaneh Sadegh highlighted Iran and Turkey's crucial role in regional transit and freight transportation as a bridge between East and West.
The CEO of the National Iranian Oil Company (NIOC), Hamid Bovard, stated that the oil industry is the driving engine of the country’s economy, underscoring its importance in passive defense.
Iranian Oil Ministry has said that despite the U.S. sanctions the Islamic Republic’s crude oil and gas condensate production in the third quarter of 2024 has increased by over eight percent compared to the same period last year.
The CEO of the National Iranian Oil Products Distribution Company (NIOPDC) stated that the delivery of gasoil to power plants has increased by 20% this year.
Many oil refineries today use up to 70 percent of sophisticated nuclear devices, which indicates the inexorable importance of nuclear technology to petroleum-producing countries such as Iran.
Iran’s export to Tajikistan has risen 33 percent in the first half of the current Iranian calendar year, as compared to the same period of time in the past year, the vice chairman of Iran-Tajikistan Joint Economic Committee stated.
According to Masoud Afshar, the deputy head of NIDC for drilling operations, the drilled wells consisted of 12 development, and 40 workover ones, IRNA reported.
The CEO of the National Iranian Gas Company (NIGC) stated that gas consumption increased by 55% in the first four days of the Iranian month of Aban, which began October 22, this year compared to the same period last year.
Iran’s Deputy Energy Minister Homayoun Haeri has said the Islamic Republic is seeking to use Chinese expertise and technology to develop the country’s renewable industry, IRNA reported.
Energy ministers of Iran and Pakistan met and held talks on the sidelines of the Third Belt and Road Ministerial Conference held in Qingdao, China.