Purchasing €2.9 billion of goods from Iran, Italy was the biggest importer of Iranian products in 2018, Tasnim news agency reported on Saturday, citing the data released by European Union’s statistics agency Eurostat. The country’s imports from Iran in 2018 was 31 percent of the total of European countries’ imports from Iran. However, the figure…
The output from the giant South Pars Gas Field in the Persian Gulf has been doubled in the past five years, the managing director of Pars Oil and Gas Company said. “Iran is now extracting around 600 million cubic meters per day of natural gas from the field, twice the amount five years ago,” Mohammad…
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 …
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…
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…
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…
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…
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…
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…
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…
