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Pezeshkian Takes Oath as 9th President
SHANA (Tehran) - In a public session of Parliament on Tuesday, the president-elect Masoud Pezeshkian was sworn in as the 9th president of the Islamic Republic of Iran.
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During The First 4 Months of This Year
Oil Export Revenues Stood At $15.7b
SHANA (Tehran) - Iran’s foreign trade value, including oil exports, has reached 51 billion dollars over the first four months of the current Iranian calendar year, since 21 March 2024.
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Oil Industry Works Relentlessly to Feed Power Plants
SHANA (Tehran) - The oil industry workforce works round-the-clock to provide natural gas to power plants to prevent blackouts.
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Masoud Pezeshkian Becomes President Officially
SHANA (Tehran) - The Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei, endorsed Masoud Pezeshkian as the 9th president of Iran.
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Self-Sufficiency A Priority of the 13th Administration
SHANA (Tehran) - The Deputy Minister of Petroleum for Petrochemicals called self-sufficiency in producing petrochemical products one of the priorities of the outgoing 13th administration.
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Oil Sector Turned Achilles Heel of Sanctions into Value-Added
SHANA (Tehran) - The 13th administration successfully neutralized the sanctions imposed on the export of gas condensate and converted the Achilles’ heel of the sanctions into value-added, Minister of Petroleum Javad Owji said.
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Gas Flares Expected to Be Shut Down for Ever Next Year
SHANA (Tehran) - The burning of natural gas as a national wealth is expected to end next year.
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Natural Gas Delivery to Power Plants on the Rise
SHANA (Tehran) - Director of the dispatching department of the National Iranian Gas Company (NIGC) Saeed Aghili says that natural gas and liquid fuel delivery to power plants has risen during summer this year.
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Oil Sector Growth Stood at 14.7 Percent Last Year
SHANA (Tehran) - The head of Central Bank of Iran (CBI) Mohammadreza Farzin says that the oil sector’s growth stood at 14.7 percent during the last Iranian year of 1402, which ended on March 19, 2024.
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Supreme Leader
Neutralizing Sanctions Within Reach
SHANA (Tehran) - The Supreme Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei has said that the country can not only remove sanctions by resorting to honorable means but more than that can neutralize sanctions.
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Iran-Russia Gas Deal to Change Regional Energy Balance
SHANA (Tehran) - A member of parliament says that the Iran-Russia gas transfer contract not only turns Iran into a gas hub in the region but also changes the regional energy balance.
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Iran-Russia Gas Deal Opening a New Chapter, MP
SHANA (Tehran) - The Iran-Russia gas transfer agreement is a great step forward and will turn Iran into a regional gas hub, opening a new chapter in regional and international relations, the vice chairman of the parliament’s energy committee Ramezanali Sangdovini said.
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Owji Provides More Details on Iran-Russia Gas Pipeline
SHANA (Tehran) - Minister of Petroleum Javad Owji provided more details about the gas pipeline which is planned to be constructed to import gas from Russia.
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Iran-Russia Gas Transfer Document A Masterpiece
SHANA (Tehran) - Minister of Petroleum Javad Owji says that signing the Russian Gas Transfer to Iran Document is the masterpiece of the 13th administration's energy diplomacy attitude which can pave the way for an economic revolution and ensure the region's energy security through Iran.
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OPEC Hails Iran as a Pioneer in Oil Industry Heritage
SHANA (Tehran) - The latest issue of the OPEC Bulletin concerns the importance of the oil industry heritage and the necessity of contribution to its preservation.
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Petroleum Minister Meets President-elect
SHANA (Tehran) - Iranian Minister of Petroleum Javad Owji met with President-elect Masoud Pezeshkian and wished him success.
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Fuel Consumption Coming Down by 10 ml/d
SHANA (Tehran) - The already prepared infrastructures will help the country to reduce fuel consumption by 10 million liters per day.
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OPEC Weekly Price Declines
SHANA (Tehran) – The weekly price of the OPEC basket of twelve crudes fell by 1.24 dollars during the week ending on July 11.
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Oil Industry Growth Hitting 8 Percent
SHANA (Tehran) - The oil industry is predicted to grow 8 percent over the five-year development plan to March 2028 amid rising oil production to 5.5 million barrels daily.
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Rising Oil Production to 4 m/d within Reach, Owji
SHANA (Tehran) – The Iranian Minister of Petroleum says every 100 100,000 barrels of oil production per day generates 2.8 billion dollars of revenues annually, so the more the country's oil production and refining capacity increases, the more the country's economic power and foreign exchange resources increase.
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Iran And Russia Cooperate on Local Production of Catalysts
SHANA (Tehran) - The Iranian knowledge-based company of “Pishro Catalyst Almas” and the Russian company Antarx signed a memorandum of understanding on technology transfer and local production of the oil industry catalysts.
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Iranian-Made Catalysts Ready to Enter Neighboring Countries Markets
SHANA (Tehran) - After successfully producing a great part of oil industry catalysts at home, the country now enjoys the potential to export the catalysts to meet the neighboring countries' needs.
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Foreign Investment Quadrupled in Oil Industry
SHANA (Tehran) - The head of the parliament’s energy committee has said that foreign investment in Iran’s oil industry quadrupled during the 3 years of the 13th administration in office.
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Mps Evaluate 3 Years of Petroleum Ministry Performance
SHANA (Tehran) - Following the tragic loss of Ibrahim Raisi during the incident of a chopper crash in May, Iran held a snap presidential election in which Masoud Pezeshkian, a reformist-supported candidate was elected as the 9th president of the Islamic Republic of Iran in the run-off election on July 5.
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Monthly Price of OPEC Basket Rises
SHANA (Tehran) – The price of the OPEC basket of twelve crudes rose by 3.91 dollars month-on-month from 83.22 dollars on May 31 to 87.13 on June 30.
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Petrochemicals Production Capacity Surpasses 95 mt
SHANA (Tehran) - Balanced development and completing the value chain are two main targets of the petrochemical industry which are expected to be attained over the next seven years.
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Pezeshkian Wins Presidential Election
SHANA (Tehran) - Masoud Pezeshkian was elected as the new president of the Islamic Republic of Iran.
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China’s Oil Imports from Iran Reach the Highest
SHANA (Tehran) - China’s independent refiners have increased their crude imports from Iran by 4.3 percent in June to an eight-month high of around 6.1 million metric tons.
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Questioning Oil Selling Achievements Unfair
SHANA (Tehran) - While the enemy has announced clearly that it has failed to prevent Iran from selling its crude oil, some call it into doubt at home.
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Energy Optimization Market Launched
SHANA (Tehran) - The managing director of the National Iranian Gas Company (NIGC) Majid Chegeni has said that the launch of the energy optimization market is one of the tools of people's participation.