Iran to fund US$ 120 billion for its petroleum projects
Iran is going to finance its petroleum projects up to $120 billion as it is pressing ahead with its oil and gas production to respond to a rising energy demands.
Latest news
Search: oil
Iran pursing release of frozen assets, says FM Araqchi
Iranian Foreign Minister Abbas Araqchi said on Tuesday that the ministry is continuously pursuing release of Iranian frozen assets abroad which mostly include oil and gas revenues.
Iran Armed Forces confront all violations against the country’s soil: Ground Forces cmdr.
The commander of the Iranian Army’s Ground Forces reiterated that the Islamic Republic’s Armed Forces would confront any violation against the country’s soil.
Iran gains know-how to extract shale oil from reservoirs
Iranian researchers managed to get access to a technology extracting shale oil from reservoirs.
Report says gasoil exports cause shortage at Iranian power plants
A recent report released by the Iranian parliament said the country’s largest oil refinery sales this summer is behind the current fuel shortage in power plants across Iran that caused scheduled power cuts in many towns and citie…
Iran presses ahead with providing more fuel to power plants amid severe cold
The Iranian Oil Ministry is keeping up with increasing its outputs to supply of fuels to power plants in the country amid severe cold across the country that has forced the government to declare consecutive holidays to lessen dem…
US imposes new sanctions on fleet involved in Iran’s oil exports
The US government announced new sanctions on what it claims to be a “shadow fleet” involved in the export of oil from Iran.
Iran’s non-oil exports surges 18% in 8 months
Iran’s customs office (IRICA) announced that non-oil exports from the country rose by 18% year on year in the eight months to November 20.
Chinese refineries pay more for Iranian oil
China’s small, private refiners are paying up for Iranian oil.
Iran launches major renovation project at its main oil export terminal
Iran’s Oil Ministry launched a major project to renovate its main oil export terminal in the Persian Gulf amid reports suggesting that aging facilities in the area have caused minor disruptions to the flow of oil to customers.
Iran says it hit record daily gas production in South Pars
Iran’s state-run Pars Oil and Gas Company, which is in charge of production operations in the South Pars gas field, says daily output from the field reached an all-time high earlier this week amid growing demand for natural gas i…
Iran declares scheduled electricity cuts as power plants face limited fuel
Iran’s state-governed electricity company Tavanir announced scheduled power cuts across the country as the cold weather has increased demand for natural gas and power plants are challenged with low gasoil.
Tehran Refinery operating normally, no attack by Zionist regime on oil facility, says oil official
An Iranian oil official said on Saturday that Tehran Refinery is carrying out its activities normally, rejecting reports that the oil facility has been targeted by Israeli airstrike on Saturday morning.
Iran says conservation energy plans to increase Iran oil price by US$ 90 billion
Iran’s oil price would be increased by US$90 billion in case the country would implement conservation energy plans as defined in a 5-year project, said Managing Director of Iran’s Fuel Conservation Company (IFCO) Hossein Hosseinz…
Tariq Rauf: Attack on nuclear facilities push Iran to build atomic bomb
Tariq Raouf, former Head of Nuclear Verification and Security Policy Coordination at IAEA says US fears a broader war, Iranian retaliation against Saudi, UAE, Oman oil and gas fields and US bases there. And that Iran would leave …
Iran says its non-oil trade surges by 9.4 percent this summer
Iran’s non-oil trade during this summer (June 21, 2024- September 21, 2024) totaled US$30.600 billion, showing 9.4 percent jump comparing to similar period in 2023, said the Spokesman for the Trade Promotion Commission of Iran's …
Ex-oil minister appointed as Iran atomic energy organization deputy head
Iran’s nuclear chief, Mohammad Eslami, appointed Javad Oji, former oil minister, as the deputy head of the Atomic Energy Organization of Iran (AEOI).
Iran’s non-oil trade with neighbors surpasses US$32 billion in 6 months
Iran’s non-oil trade with 15 neighbors totaled US$32.6 billion in the first six months of Iranian calendar year (March 22, 2024- September 21, 2024), said Head of Iran’s Customs Organization Mohammad Rezvai-Far.
Iran’s non-oil trade with OIC countries surpasses US$ 26 billion in 5 months
Head of Iran’s Customs Mohammad Rezvanifar said the country’s non-oil trade with OIC members totaled US$26.7 billion during the first 5 months of Iranian calendar year (March 22, 2024-August 21, 2024), showing 5 percent surge com…
Iran’s non-oil exports surpass US$ 21 billion in 5 months
Iran’s non-oil exports have totaled US$ 21.9 billion during the first 5 months of Iranian calendar year (March 22-August 21), indicating 10 percent jump comparing to similar period in the year before, said Head of Iran’s Customs …
China sets new record in buying Iranian oil
China's imports of Iranian oil are set to reach a record 1.75 million barrels per day this month, defying US cruel sanctions on Iran, data from Kpler showed.
Iran says its non-oil trade with neighbors reaches US$ 27 bln in 5 months
Iran said its non-oil trade with its neighbors has totaled US$ 27 billion during the first five months of Iranian calendar year (March 22-August 21).
Chinese imports from Iran, Venezuela oil transshipment hub surge 61 percent
Chinese imports from Malaysia, a major transshipment hub for oil from Iran and Venezuela, surged 61 per cent on the year to 6.21 million tons, or 1.46 million bpd, keeping the country as the third-largest supplier for July.