The operator of phases 20 and 21 of the super giant South Pars Gas Field says phase 21’s platform is currently recovering 27 million cubic meters of natural gas per day, saying the platform is faced with no restrictions in supplying gas to onshore refining facilities. Alireza Ebadi said one third of the gas recovered…
Iran says it will need at least 55 billion dollars in investment in its petrochemical sector to bring its annual output to 150 million tons from the current 60 mt/y production capacity within the next 10 years. Managing Director of the National Petrochemical Company (NPC) Marziyeh Shahdaei has said Iran will need $20b in fresh…
A delegation of government have attended Mehrabad Airport to celebrate landing of the first Airbus A321, as part of the lucrative deal President Rouhani had signed with European giant of the air industry. The government encourage had notably Minister of Roads and Urban Planning Abbas Akhundi, Head of AEOI Ali Akbar Salehi, a number of…
A delegation, comprising senior officials of Poland’s largest oil company, is scheduled to visit Tehran in coming days aiming to ink a contract for developmental of Iranian oilfields. Poland has begun new cooperation with Iran in the post-JCPOA era over development of oil trade as well as collaborations for investment in upstream sector of Iranian…
Iran Air spokesman had announced that the first Airbus A321 aircraft will arrive at Mehrabad International Airport on Thursday January 12 at 14:30 local time. Shahrokh Nushabadi made the announcement adding that the airplane had been scheduled to leave Hamburg Airport of Germany for France’s Toulouse Blagnac Airport on Tuesday after going through technical tests….
Iran has managed to attract 7.2 billion dollars in finance from three foreign banks, the vice governor of the Central Bank of Iran (CBI) announced on Saturday. Gholamali Kamyab said attracting $10 billion of foreign finance has been defined as a project for the CBI in the area of Resistance Economy, Tasnim News Agency reported….
The Philippines is willing to buy four million barrels per month of Iranian crude oil, IRNA reported on Friday, quoting Pedro A. Aquino, a board member of Philippine National Oil Company (PNOC). PNOC plans to construct a 400-barrel-capacity oil refinery in the country and has it on agenda to supply the refinery’s feedstock cooperating with…
China‘s Iranian crude oil imports may rise to a record this year as state-owned oil firms lift more crude through their upstream investments while extending their current supply contracts, senior industry and trading sources said. Chinese firms were expected to lift between three million to four million barrels more Iranian oil each quarter in 2017…
The European Union’s trade with Iran amounted to €10.3 billion in the first 10 months of 2016, a 66 percent rise year on year, based on the latest figures released by the European Union’s statistics agency Eurostat. The figure was €6.2 billion during January-October 2015, Tasnim news agency reported. Iran’s exports to the EU stood…
Foreign investments in Iran’s capital market reached $362 million in the first nine months of the Iranian year (March 20 to December 20, 2016), said a member of the Board of Directors of Securities and Exchange Organization (SEO) of Iran. The figure has grown 782 percent compared to that of 2013, which stood at $40…
