President Seyyed Ebrahim Raeisi on Monday voiced Iran’s readiness to cooperate with Cuba in different fields, including the energy sector.
IRAN Feed Atom
The presidents and high-ranking officials of Iran and Cuba signed seven memorandums of understanding (MoUs) and documents to cooperate in different fields, including the energy sector here on Monday.
The 23rd International Paint, Resin, Coatings, Composites and Plating Industries Fair (IPCC 2023) will be held from December 4-7 at the Tehran International Permanent Fairground.
Iran’s 13th administration has given top priority to using oil revenues for making investment in different sectors instead of meeting executive expenses, said the government spokesman.
The trade exchanges between Iran and Turkey in the first 10 months of 2023 reached $4.4 billion, showing a 16 percent decline compared to the same period of last year.
Director-general of Khorramshahr Ports and Maritime Department said the first shipment of oil products to the United Arab Emirates (UAE) has been loaded and exported from the southwestern Iranian port.
Oil and gas trade has had a remarkable effect on Iran’s economic growth, said a member of the Parliament’s Energy Committee on Saturday.
With 942 vessels, Iran is the largest maritime trade power in the Middle East region and owns more than a third of the merchant ships in the region.
Average daily gasoline consumption in Iran has reached about 110 million liters in the current Iranian calendar year, according to the managing director of the National Iranian Oil Products Distribution Company.
Iranian Oil Minister Javad Owji on Thursday praised ‘favorable’ cooperation and understanding between OPEC+ producers.
Gabon and Iran were on Thursday elected as president and alternate president of the Conference of Ministers of the Organization of Petroleum Exporting Countries (OPEC) for 2024, respectively.
Iran’s Oil Minister Javad Owji on Wednesday said 3.1 billion cubic meters (bcm) of natural gas have been stored, calling it a “desirable” record.
More than 80 percent of equipment and products used in Iran’s petrochemical projects are supplied by domestic companies, said the National Petrochemical Company (NPC) managing director on Wednesday.
A member of Iran’s Parliament said the effects of the government’s policies to neutralize sanctions and increase oil revenues and economic growth are “noticeable”.
The U.S. Energy Information Administration (EIA) in a report put Iran’s oil output at 3.1 million barrels per day (bpd).
Fajr Jam Gas Refining Company in Iran’s southern province of Bushehr reported a 27 percent reduction in flaring intensity.
Iran's GDP including oil grew 7.1 percent in the second quarter of the current Iranian calendar year, compared to the second quarter of last year, according to the Statistical Centre of Iran .
Managing Director of NIOC Mohsen Khojasteh Mehr said three billion cubic meters (bcm) of natural gas have been stored in the country’s storage facilities during the first eight months of the current Iranian calendar year which is a new 10-year record high.
The average output of Iranian oil wells is 1.55 tb/d. Since the bulk of oil wells in Iran have already reached the second half of their lifecycle and would continue to see their production fall, the National Iranian Oil Company decided in 2021 to engage local technological companies to rehabilitate shut-in and low-yield wells.
The electricity generated by Iranian renewable power plants in the seventh Iranian calendar month of Mehr (ended on October 22) increased by 17.4 percent compared to the previous month, IRNA reported.