Iran

India wants Iranian Chabahar port exempted from US sanctions
Iran

India wants Iranian Chabahar port exempted from US sanctions

Southern Iranian port of Chabahar has posed a dilemma for the United States policy makers who are seeking to implement sanctions on Tehran. The southern Iranian port of Chabahar underscores some of the dilemmas US policy makers face in implementing sanctions against Tehran, according to a report by Wall Street Journal. WSJ report reads that India wants Chabahar port activities exempted from […]

15 Petchem Projects in Iran will be operational in 5 Years
Iran

15 Petchem Projects in Iran will be operational in 5 Years

Until eight years ago, everyone was worried about incomplete petrochemical projects. But today, the same projects are offering a variety of petrochemicals, which largely contribute to the Iranian economy. The accelerated development of petrochemical projects under the 11th and the 12th administrations resulted in the development of a large number of products. Until eight years ago, everyone was worried about […]

Iran’s exports to Korea, Turkey drop in H1
Iran

Iran’s exports to Korea, Turkey drop in H1

Iran’s exports to South Korea and Turkey has decreased by 61% and 21% respectively in the first half of Iranian fiscal year (Mar. 21 – Sep. 22), according to IRICA’s latest report. According to the Islamic Republic of Iran Customs Administration, the value of exports to South Korea in the first six months of the current year amounted to $844 […]

Iran Oil Revenues up 25% beyond Expectations
Iran

Iran Oil Revenues up 25% beyond Expectations

Iranian Minister of Petroleum Bijan Zangeneh said the country’s petroleum revenues had exceeded expectations by 25 percent in the first half of the current Iranian calendar year which began on March 21. According to ICANA, the official told the parliament’s budget committee on Tuesday that in the first 6 months of the current Iranian calendar year, Iran’s revenues stood at […]

Rising oil prices seriously affect World Economy: Iran’s Zangeneh
Iran

Rising oil prices seriously affect World Economy: Iran’s Zangeneh

Iranian Minister of Petroleum Bijan Zangeneh underlined oil market’s concerns about the inability of Saudi Arabia and Russia to offset shortages caused by eliminating Iran from the market in the wake of US sanctions on Tehran on November 4, saying, “Rising oil prices heavily impact the global economy.” Bijan Zangeneh, speaking ahead of impending US sanctions on Tehran expected by […]

Iran has plans for selling oil under US sanctions: Veep
Iran

Iran has plans for selling oil under US sanctions: Veep

First Vice President Eshaq Jahangiri said the country had plans for ensuring continuation of its oil sales under fresh US sanctions. The official said on Sunday, “The Americans keep highlighting plans for the November 4 sanctions, and say they would bring Iran’s oil exports to zero; therefore, some countries have surrendered and some disregarded the hype, and we have also […]

GECF Market Analyst: “Iran can Play a Role in LNG Market”
Iran

GECF Market Analyst: “Iran can Play a Role in LNG Market”

 The head of the market analysis section of the Gas Exporting Countries Forum (GECF) said Iran could play the role of liquefied natural gas (LNG) and FLNG markets in Asia, especially in India and China. In an address at a panel on the second day of the 4th Iranian Petroleum and Energy Club Congress & Exhibition in Tehran on Wednesday, […]

Trump Responsible for Volatile Oil Market Conditions: Iran
Iran

Trump Responsible for Volatile Oil Market Conditions: Iran

 Iranian Minister of Petroleum Bijan Zangeneh blamed President Donald Trump for the current tumultuous oil market, saying, “Throughout over a century of history in oil industry, Iran has always ensured supply security for the global oil market.” In an address at the 4th Iranian Petroleum and Energy Club Congress & Exhibition in Tehran on Tuesday, the official said: “Today we are […]

New NIOC Investment Caretaker Appointed
Iran

New NIOC Investment Caretaker Appointed

Head of the National Iranian Oil Company (NIOC) Ali Kardor issued a decree appointing Talin Mansourian as the new caretaker of investment and business at the National Iranian Oil Company (NIOC). According to NIOC, Ms. Mansourian was appointed to replace Mohammad Mostafavi. Acquisition of foreign and domestic investments in the form of direct investment, participation, EPCF and EPDF contracts; identifying […]

India’s oil imports from Iran edge up in September
Iran

India’s oil imports from Iran edge up in September

Last month, India shipped in about 528,000 barrels per day (bpd) oil from Iran, about 1 percent more than the 523,000 bpd of August and about 27 percent more than a year earlier, tanker arrival data obtained from shipping and industry sources showed. India’s September oil imports were also boosted by the import of 2 million barrels of Iranian oil […]

NIOC to offer oil on domestic stock market by October
Iran

NIOC to offer oil on domestic stock market by October

The National Iranian Oil Company (NIOC) has planned to supply a million barrels of crude oil on the domestic stock market by October 22. “In pursuance of clause 13 of the general policies of the Economy of Resilience, instructed by the Supreme Leader, regarding diversification of the methods of oil sale and private sector participation, as well as implementation of […]

US blocking export of Iranian gas to Pakistan: Speaker
Iran

US blocking export of Iranian gas to Pakistan: Speaker

Speaker of the Iranian Parliament Ali Larijani said: “It is said that the United States is blocking completion of the Pakistani section of the IP (Iran-Pakistan) gas pipeline and does not want Iranian gas to be exported to Pakistan”. According to ICANA, the parliament’s official website, Larijani made the remarks in a Tuesday meeting with Deputy Chairman of the Senate […]

Oil market never buys Saudi Brags: Iran
Iran

Oil market never buys Saudi Brags: Iran

Iranian Minister of Petroleum Bijan Zanganeh reacted to recent remarks by Saudi authorities regarding oversupplying the oil market, saying: “Such brags would only satisfy Mr. Trump but the market would never buy such a claim.” Mohammed Bin Salman, heir to the Saudi throne, said in an interview late Wednesday: “We export as much as two barrels for any barrel that […]

US sanctions strengthen Iran-Russia gas relations: NIGC
Iran

US sanctions strengthen Iran-Russia gas relations: NIGC

Iran’s deputy petroleum minister for gas affairs said the United States’ stance towards Tehran would bolster the alliance between Iran and Russia, saying Iran had several methods to deal with the sanctions at its disposal, and Russia had firmly stated it would continue investing in Iran. Speaking to the Sputnik News in Moscow, Hamid Reza Araghi, who is also head […]