Iranian Parliament's Energy Committee spokesman, Mostafa Nakhaei, attributed the surge in foreign companies attending the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition to the failure of the sanctions project.
IRAN Feed Atom
The Department of International Affairs and Trading of Iran’s Ministry of Petroleum has actively participated in the 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, said a ministry official on Wednesday.
The 28th Iran International Oil, Gas, Refining and Petrochemical Exhibition, Iran Oil Show 2024, which was inaugurated on Wednesday paves the ground for the exchange of opinions for industrialists and beneficiary sides.
Managing director of Procurement and Commercialization of Technology at Petroleum Ministry, Gholamreza Khonsari, made the remarks adding that currently more than 85 percent of the oil industry’s equipment needs are being manufactured domestically which can turn Iran into an important country in view of exporting manufactured commodities.
Managing director of Abadan oil refinery Hakim Ghayem, reported of 317 million dollars profit during the last Iranian calendar year due to acceptable performance of the refinery.
The Central Bank of Iran (CBI) has announced that the growth rates of monetary base and money supply declined significantly in the previous Iranian calendar year.
The chairman of the board of directors of the Oil Industry Equipment Manufacturers Association, Ehsan Saghafi, says the worth of our country’s equipment exports has reached 710 million euros over the last two and a half years.
Iranian minister of petroleum, Javad Owji, says that the Petroleum Ministry has managed to change Abadan Oil refinery into a profitable one.
Head of the Department of Environment (DOE), Ali Salajegheh, announced that the government had spent 5.5 billion dollars to reduce gas flaring to improve the air quality.
Managing director of the Iranian Oil Pipelines and Telecommunications Company Arsalan Rahimi, says the company has managed to carry 137 billion liters of crude oil and oil products through pipeline over the last Iranian year.
Production manager at the Iranian Offshore Oil Company (IOOC), Amir Salari, says that the company succeeded in increasing offshore oil and gas condensate production by 21 percent over the last Iranian calendar year, 1402.
Iran’s Economy Minister Ehsan Khandouzi said he has held favorable talks with his Saudi Arabian counterpart during his visit to the Arab country.
Executive vice president, Mohsen Mansouri, has said that Iran’s annual average economic growth has surpassed 6 percent amid oil sector’s magnificent contribution.
The head of the Iran-Iraq Joint Chamber of Commerce Yahya Al-e Eshaq says Iran and Iraq should make joint investments as a way to give a further boost to bilateral trade relations.
the National Iranian Oil Company (NIOC) has signed memorandums of understanding (MOUs) worth $6.4 billion with local companies to increase the country’s natural gas output by 127 million cubic meters.
Gas production capacity of the country will rise by 127 million cubic meters per day by implementation of today’s signed memorandums of understanding, the National Iranian Oil Company’s (NIOC) managing director, Mohsen Khojastehmehr said.
Iranian minister of petroleum, Javad Owji, says 79 semi-finished projects, worth 16 billion dollars, will come online during the current Iranian calendar year, ending on 20 March 2025.
The Iranian Oil Ministry and the Atomic Energy Organization of Iran in a ceremony signed a memorandum of understanding to increase cooperation in different fields, including application of nuclear technology to improve quality of oil products.
Iranian minister of petroleum, Javad Owji, says 79 semi-finished projects, worth 16 billion dollars, will come online during the current Iranian calendar year, ending on 20 March 2025.
The new statistics released by the International Monetary Fund (IMF) show that Iran's oil production in 2023 saw an increase of 500,000 barrels per day (bpd) in comparison to the previous year, reaching 3.1 million bpd.