Oil futures settled higher Wednesday after reports of fatalities following explosions at a ceremony held to mark the four-year death anniversary of Shaheed Qasim Soleimani.
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Oil Minister Javad Owji, in a message, expressed his heartfelt condolences on the martyrdom of more than 100 people in the twin terrorist attacks in Kerman, a city in southeastern Iran, on Wednesday.
The head of Iran Chamber of Cooperatives has said the Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU) is going to increase export-oriented production and consequently improve the country’s economic indicators.
Dock No. 17 of Assaluyeh Port in Iran’s southern province of Bushehr and the first domestically-built cryogenic loading arm were put into operation in the presence of the National Petrochemical Company (NPC) managing director.
The value of Iran’s exports to China increased by 24 percent in November 2023 as compared to the same month in 2022, according to China’s Customs data.
As reported by Iran’s Ports and Maritime Organization (PMO), 61,741,198 tons of oil products were loaded and unloaded in the ports of country during the first nine months of the present Iranian calendar year (March 21-December 21, 2023).
Iran's Association of Petrochemical Industry Corporation (APIC) secretary general said domestic petrochemical industry has fetched $61 billion over the past five years.
Iran’s Arya Sasol Polymer Company has achieved record production and sales, said the ASPC managing director.
The trade exchanges between Iran and Turkey in the first 11 months of 2023 reached $5.0 billion, showing a 13 percent decline compared to the same period of last year.
Iran exported commodities valued at $10.3 billion to China during the first nine months of the current Iranian calendar year (March 21-Decemebr 21), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
Exporting goods from Bushehr province hits over $8.2 billion in the first nine months of the current Iranian year of 1402 (March 21-December 21), a local customs official said.
Iran’s annual petrochemical production capacity will surpass 95 million tons (mt) by the end of the current Iranian calendar year (March 19, 2024), said the National Petrochemical Company (NPC) managing director.
Iran and the Eurasian Economic Union (EAEU) have finally signed a long-awaited free trade agreement.
Iran is self-sufficient in all segments of the oil industry despite brutal sanctions and ready to develop Iraq’s upstream and downstream sectors, said Oil Minister Javad Owji on Wednesday.
Iranian Oil Minister Javad Owji on Wednesday said Iran and Iraq are the large holders of hydrocarbon reserves and joint projects in this sector will be in their interests.
Tajikistan's capital Dushanbe hosted the 16th meeting of Iran-Tajikistan Joint Economic Committee on December 26 and 27.
The head of Iran’s National Petrochemical Company (NPC) has stressed the need for using new specialized financing solutions in the petrochemical industry, Shana reported.
Oil Minister Javad Owji on Monday expressed Iran’s readiness for exporting oil products and technical and engineering services to Nicaragua.
Iran’s Oil Ministry managed to resolve a disruption to the country’s fuel system within hours, said the Parliament’s Energy Committee vice chairman on Monday.
Iranian President Ebrahim Raisi on Monday ordered the beginning of a project for the construction of solar power plants with the capacity of 4,000 megawatts (MW) across the country.