Managing Director of National Iranian Oil Company Ali Kardor said on Monday that NIOC has been able to achieve the target of four million bpd output in the wake of lifting the sanctions. He made the remarks in his speech to a group of the Petroleum Ministry officials. Kardor said that Iran has been able…
Tehran and Amsterdam plan to promote trade ties based on a defined road map observed Iran’s ambassador to the Netherlands while highlighting the significance of relations between the two countries. Alireza Jahangiri, who was speaking at Erasmus University in Rotterdam, added that grounds are prepared for closer cooperation between the Islamic Republic and the Netherlands…
Iran has signed a memorandum of cooperation with two Japanese firms to reduce fuel oil production at Bandar Abbas oil refinery. Reducing the share of fuel oil from the current 30 percent to less than 10 percent marks one of the key policies pursued in Iran’s crude refining industry in the post-JCPOA era. Accordingly, numerous…
An official has said more than 76 million barrels of gas condensate have been exported from South Pars phases in the current Iranian year (began March 20). Masoud Hassani, Managing Director of South Pars Gas Complex, referred to the latest status of gas condensate production and exports at South Pars phases explaining “in the first…
Bajgiran border was reopened on Saturday morning upon agreement reached between Iranian and Turkmen transport authorities. Mohammad Javad Atrchian, Director General of the Road Maintenance and Transportation Organization (RMTO), made the announcement saying “the agreement was reached in line with development of transport and trade ties between Iran and Turkmenistan and Bajgiran border was reopened…
Deputy energy minister said a credit line worth five billion dollars has been allocated to Iran by Russians. Iran’s Deputy Energy Minister Rahim Meidani touched upon details of cooperation between Iran and Russia over discovery of deep water resources in Iran saying “following the signing of a relevant agreement between the two countries, the Russian…
Thai Airways announced a new flight between Bangkok and Tehran started from 10th October . The first flights of the Thai Airways as the fifty-sixth international airline landed at the international airport of Imam Khomeini (RA) on 7 pm. Perrin Yvprasrt Thai Airways regional manager in this ceremony said: In the first phase, the Thai…
Iranian Gas Engineering and Development Company (IGEDC) intends to construct IGAT VI pipeline including 5 Booster Gas Compressor Stations to transfer sweet gas from Assalouye (phases 9 & 10 and in future phase 12) to near Bidboland refinery and then to Ahwaz. The purpose of this project is to supply the demand of some consumers…
By: Seyed Hossein Mousavian. The decision by British voters to leave the European Union coincides with improving relations between Europe and Iran. Since the 1979 Islamic Revolution, Iran’s relationship with Europe’s major powers has been characterized by periods of economic cooperation followed by near-complete disengagement. The nuclear deal struck between Iran and world powers in…
Central Bank of the Islamic Republic of Iran (CBI) announced that Austrian export credit agency OeKB has raised its cover for Iran transactions to one billion euros. The announcement by Austrian Finance Minister Hans Jörg Schelling came during a meeting with CBI Governor Valiollah Seif in Vienna, Mehr News Agency reported. “In the meeting, it…
