Iran’s deputy oil minister said that 75 percent of the gasoline produced in the country complies with EUR 4 and 5 standards.
IRAN Feed Atom
The volume of bilateral trade between Iran and Russia increased by 48 percent during the first quarter of 2024 when compared with corresponding period last year.
Iranian Minister of Petroleum Javad Owji who is visiting Moscow has said that the two countries will continue expanding bilateral relations.
Iran joins BRICS mechanism for first year, enriching China-Iran strategic partnership. BRICS Foreign Ministers' Meeting in Nizhny Novgorod, Russia, highlights cooperation.
Iran’s oil sector growth stood at 20.3 percent last year, consequently played a significant role in gross domestic production (GDP) growth, helping the overall economy to become larger.
The Yadavaran shared oil field’s development plan launched on Wednesday with the aim of boosting oil production by 42 thousand barrels per day.
Iranian Minister of Petroleum, Javad Owji, says the South Pars phase 13 Alpha platform is ready to start gas extraction.
During the 13th administration in office, the Petroleum Ministry contributed to creation of new businesses by supporting domestic knowledge-based companies.
The National Iranian Gas Company’s Directorate for Dispatching manager, Saeed Aghli, says that the company has managed to distribute 815 billion cubic meters of gas over the past 1000 days of the 13th administration in office, without allowing imbalances to grow.
South Pars Gas Processing Complex managed to capture more volumes of gases burnt by gas stacks during the last Iranian calendar year, which ended on 20 March 2024.
Managing director of the National Iranian Oil Company (NIOC), Mohsen Khojastemehr, has said that the Changuleh oil field development contract will be signed soon.
The head of the Tehran Sewage Company announced the production of diesel and black carbon from de-watered sludge in the process of wastewater treatment plants in the Iranian capital.
During the period Ibrahim Raisi served as president, the energy sector witnessed a major breakthrough amid boosting oil production and exports.
Managing director of Dehloran Natural Gas Liquids plant (NGL-1300) , Javad Kamari, says that the refining facility is ready to start operations officially.
Russia plans to transit coal to India via the International North-South Transit Corridor (INSTC) passing through Iran, IRNA reported.
The official data of the United States show that the country’s trade with the Islamic Republic of Iran has increased by 72 percent in the first four months of this year.
The World Bank (WB), in its latest report, predicted that Iran’s economy will grow 3.2 percent in 2024 and the inflation rate will decrease to 35 percent.
China’s imports of Iranian crude in May surged to the highest level in seven months after a recovery in refining margins.
On the sidelines of the oil industry projects in Sistan-o-Baluchestan province, the Petroleum Ministry has implemented a number of social responsibility projects in the southeastern province and is committed to do more.
Iran’s deputy minister of roads said India has agreed to allocate $1 billion to the project on the development of Iran’s southeastern Chabahar Port.