Archive For The “Bussiness” Category

Photo: Persian Gulf Star Refinery

Photo: Persian Gulf Star Refinery

Iran’s Persian Gulf Star Refinery in the southern province of Hormozgan is the first of its kind designed based on gas condensate feed-stock recovered from South Pars gas field which Iran shares with Qatar in the Persian Gulf. Construction of the refinery started in 2006, but the project was delayed as the result of some …

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Iran’s Qeshm Air in talks with Boeing

Iran’s Qeshm Air in talks with Boeing

An Iranian airline says it is in negotiations with Boeing for the purchase of 20 passenger planes even as US President Donald Trump’s threats to kill a nuclear deal this month have put Iran’s aviation contracts in doubt. Qeshm Air CEO Mahmoud Shekarabi was quoted as saying that his company planned to buy 10 Boeing…

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North-south transport corridor started tests

North-south transport corridor started tests

Azerbaijan, Russia, Iran and India started testing the North-South Transport Corridor as part of a sports car rally. The event is organized jointly by the Federation of Freight Forwarders of India and the sports club ‘Kalinga Motor’, said Iran’s Ministry of Roads and Urban Development, reported Trend News Agency. Iranian entities organizing the race are…

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Iran oil exports hit new record in April 2018

Iran oil exports hit new record in April 2018

Iran’s crude oil exports hit 2,617 mbd in April 2018, a new record since implementation of the Joint Comprehensive Plan of Action (JCPOA) back in January 2016. The record was gained amid US President Donald Trump’s threats to pull out of the deal that was struck between Tehran and the P5+1 group of countries to…

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Report: Iran’s petrochemicals export increases by 6.5%

Report: Iran’s petrochemicals export increases by 6.5%

Director General for export development department of Trade Promotion Organization Masoud Kamali Ardakani said on Saturday that petrochemicals and minerals export in year 1396 (2017-2018) increased 6.5 percent with amount of around 47 billion dollars. According to the Customs statistics, petrochemicals export with exclusion of gas condensates had 8 percent decrease with amount of around…

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Iran’s oil export hit 2.1 mbd in March 2018

Iran’s oil export hit 2.1 mbd in March 2018

Exports volume for Iran’s crude oil stands at two million and one hundred thousand barrels per day (mb/d) in March 2018. The figure is expected to increase in April 2018. China and India are the largest buyers of Iranian crude, with more than one million barrels in total. The figure is expected to reach nearly…

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Iran’s South Pars’ sour gas output to increase 56 mcmd

Iran’s South Pars’ sour gas output to increase 56 mcmd

Iran‘s rich sour gas production in the supergiant South Pars Gas Field in the southern Iranian province of Bushehr will increase 56 million cubic meters per day in the year to March 2019, said the managing director of Pars Oil and Gas Company (POGC). Mohammad Meshkinfam noted that Iran extracted an average of 550 million…

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Iran to receive 2 more ATR planes

Iran to receive 2 more ATR planes

Iran will receive 2 more ATR airplanes on Friday, bringing the number of ATR72 delivered to Iran by the western company to 8, a source in Iran Air told Mehr News Agency on Friday. Iran Air will take delivery of two ATR 72-600s at Tehran’s Mehrabad Airport on Friday. Two ATR72-600 aircrafts will be shipped…

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Report: Bright future ahead of Iran tourism

Report: Bright future ahead of Iran tourism

By: Maryam Azish. A 2017 report by World Travel and Tourism Council also indicated promising improvements in the country’s tourism industry. Iran’s tourism industry is considered as the most affordable prices in the world for foreign visitors. A biannual report published by the World Economic Forum (WEF) gave Iran a score of 66.6 in terms…

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Iran export 266,000 bpd oil to India on November 2017

Iran export 266,000 bpd oil to India on November 2017

India, the world’s No. 3 crude oil consumer, received about 266,000 barrels per day (bpd) of oil from Iran in November, according to a review of tanker arrival data from trade sources and numbers available on Thomson Reuters Eikon. For April-November, the first eight months of this fiscal year, India shipped in about 427,200 bpd,…

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