Russia plans to transit coal to India via the International North-South Transit Corridor (INSTC) passing through Iran, IRNA reported.
IRAN Feed Atom
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.
Iranian Minister of Petroleum, Javad Owji says a number of gas supply projects will be inaugurated in the southeastern province of Sistan-o-Baluchestan in the presence of the acting president Mohammad Mokhber.
Iranian company Petrochem plans to launch a chemical cluster worth $273 million in the Bukhara region, according to a presentation that Shavkat Mirziyoyev was acquainted with during his working visit to the region on May 31.
While Nigeria, Africa’s largest oil producer, continues to grapple with production and export challenges, Iran is experiencing a significant rebound in its oil exports.
Iranian Minister of Petroleum, Javad Owji, says OPEC+ has decided to continue its collective oil production cuts up to the end of 2025.
The oil and energy ministers of the OPEC member countries began the 188th ministerial meeting of the organization with a minute of silence to express sympathy with the government and people of Iran and to pay tribute to the martyr Seyed Ebrahim Raisi, the late Iranian president.
Bahregan Oil Zone onshore installations’ gas flare turned off after 60 years of operation.
The National Iranian Gas Company (NIGC) has increased natural gas supply to power plants, achieving zero blackouts during summer and meeting 93% of fuel needs, while reducing air pollution.
Iranian Planning and Budget Organization head Davood Manzour reports satisfactory economic performance in the past three years, with a higher oil sector growth rate.
Officials from Iran and Brazil emphasized launching the joint economic cooperation meeting between the two countries in the near future to spur bilateral trade and economic activities.
Managing director of the National Petrochemical Company (NPC), Morteza Shahmirzaie, says that the petrochemical sector provides a lot of its needs to catalysts from within the country.
Managing Director of the South Pars Gas Complex (SPGC) Ahmad Bahoush says a project is underway at the complex which upon its completion, the volume of gases being burnt by gas stacks will be reduced by 1.2 thousand million cubic meters annually.
Iranian Minister of Petroleum, Javad Owji, says that 23 mega oil and gas projects, worth 4.6 billion dollars, are ready to come online.
The commander of Khatam-al Anbiya Central Headquarters has stated that 40 percent of the Arash gas field belongs to the Islamic Republic of Iran.
One of the most pressing issues in Iran’s energy industry is the widespread flaring of associated natural gas in oil fields, a practice that amounts to burning valuable resources and contributing to environmental degradation.