sanctions

  • Use of Overseas Refineries Weakens Designs of Iran Enemies: Ex-Official

    Use of Overseas Refineries Weakens Designs of Iran Enemies: Ex-Official

    TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company said: "The development of using the empty capacity of offshore refineries by the 13th administration can weaken the enemy's plan to reduce oil revenues."

  • OIPC Following Up Pending Contracts In Europe

    OIPC Following Up Pending Contracts In Europe

    TEHRAN (Shana) -- The Chairman of the Presiding Board of Oil Industry Pension Fund (OIPC) said: “The Economic Group of Oil Industry Pension Fund is following up pending contracts in European countries.”

  • Deputy FM: Synergy Between Foreign, Petroleum Ministries in Exports Foils Enemies’ Plots

    Deputy FM: Synergy Between Foreign, Petroleum Ministries in Exports Foils Enemies’ Plots

    SHANA (Tehran) – Iranian Deputy Foreign Minister for Political Affairs Ali Bagheri Kani here on Sunday said the positive synergy established between the foreign and petroleum ministries in exporting oil has caused the enemies’ “maximum pressure” on the country to end in failure.

  • Iran Oil Exports Rising regardless of Vienna Talks

    Iran Oil Exports Rising regardless of Vienna Talks

    TEHRAN (Shana) -- The former director of international affairs of the National Iranian Oil Company (NIOC), referring to the desire of Asian companies to buy Iranian crude oil despite the sanctions, said: "Regardless of the outcome of the JCPOA talks, and given the high demand for oil in the market, Iran will continue to boost its sales.”

  • Petchem Industry Could Revive Iran Economy: Official

    Petchem Industry Could Revive Iran Economy: Official

    TEHRAN (Shana) – The secretary general of Iran's Association of Petrochemical Industry Corporation (APIC) said the petrochemical industry can revive Iran's economy.

  • Oil, Gas Development under Shadow of Sanctions

    Oil, Gas Development under Shadow of Sanctions

    TEHRAN (Shana) -- The outstanding feature of the track record of the two administrations of outgoing President Hassan Rouhani would be sought in the development of joint oil and gas fields in South Pars and West Karoun. Under these two administrations, oil recovery from the fields jointly owned by Iran and Iraq in West Karoun grew five-fold, while South Pars saw its production increase three-fold over the same period.

  • South Pars Development Seen Foiling Sanctions

    South Pars Development Seen Foiling Sanctions

    TEHRAN (Shana) -- Despite President Joe Biden taking office in the United States, Iran’s petroleum industry is still unable to sell crude oil as much as its market share due to the toughest ever financial and banking sanctions his predecessor Donald Trump imposed on Iran in 2018 after quitting the 2015 nuclear deal. Meantime, the coronavirus pandemic has left serious negative impacts on the market. And the petroleum industry has automatically not been spared over years. The petroleum industry definitely needs investment and technology.

  • Iran says Oil Revenue Fell over $100b since 2018

    Iran says Oil Revenue Fell over $100b since 2018

    TEHRAN (Shana) -- In a report on oil sales performance during the escalation of sanctions and the economic war, Iranian Minister of Petroleum Bijan Zangeneh said that in the three years of the economic war, Iran’s oil revenues fell by more than $100 billion.

  • “Iran has regained part of its oil market share”

    Spokesman:

    “Iran has regained part of its oil market share”

    TEHRAN (Shana) -- A Foreign Ministry spokesman said: "During the failed US maximum sanctions, the main goal of the oil industry was to regain Iran's share of the oil market. In the last one year, we have regained part of this share.”

  • NIOC Prepared for Speedy Resumption of Iran Oil Production

    NIOC Prepared for Speedy Resumption of Iran Oil Production

    TEHRAN (Shana) -- The deputy director of production at the National Iranian Oil Company (NIOC) said: "Precise planning has been done to restore oil production to the pre-sanctions levels in one-week, one-month and three-month intervals, and if the sanctions are lifted, most of the country's oil production will be revived within a month."

  • Ex-NIOC CEO Relates Experience of Iran Returning to Oil Market

    Ex-NIOC CEO Relates Experience of Iran Returning to Oil Market

    TEHRAN (Shana) -- The former CEO of the National Iranian Oil Company spoke about the experience of returning Iranian oil to the market after the Joint Comprehensive Plan of Action (JCPOA).

  • Iran says more in Control of Oil Sales

    Iran says more in Control of Oil Sales

    TEHRAN (Shana) – First Vice President Eshaq Jahanigiri said Iran has tried to neutralize the impact of the sanctions and has gained a lot of control over its oil sales.

  • NISOC Prepared to Enhance Iran Oil Output: CEO

    NISOC Prepared to Enhance Iran Oil Output: CEO

    TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) announced the company's readiness to increase its oil output to a figure beyond the pre-sanctions levels in 2018.

  • Biden and Future of Nord Stream 2

    Biden and Future of Nord Stream 2

    TEHRAN (Shana) -- The United States implemented its annual budget bill as the year 2021 started. It includes expansion of sanctions against the Nord Stream 2 gas pipeline.

  • Biggest Oil/Gas Opportunity in Iran

    Biggest Oil/Gas Opportunity in Iran

    TEHRAN (Shana) -- Oil sanctions against Iran remain effective. But the country says it would export 2.3 mb/d of oil and condensate this year. Many experts believe that Iran’s return to the oil market is unlikely to cause any shock.

  • Diplomacy of Silence

    Diplomacy of Silence

    TEHRAN (Shana) -- The silence diplomacy. That describes the policy Iran’s Minister of Petroleum Bijan Zangeneh adopted after US President Donald Trump quit the 2015 Iran nuclear deal in 2015 and re-imposed oil sanctions on Iran.

  • The US is Loser in Imposing Sanctions on Iran

    The US is Loser in Imposing Sanctions on Iran

    TEHRAN (Shana) -- The head of "Committee for Developing Iran’s Economic Cooperation with Iraq and Syria" has said the United States was the loser due to Washington’s failure to zero Iran’s oil and gas exports.

  • Iran Ready to Rapidly Ramp up Oil Exports

    Iran Ready to Rapidly Ramp up Oil Exports

    TEHRAN (Shana) – Iranian President Hassan Rouhani said the country was prepared to rapidly increase its crude oil production capacity to boost exports.

  • Iran, Oil and Post-Trump Era

    Iran, Oil and Post-Trump Era

    TEHRAN (Shana) -- The US election ended with the victory of the Democratic party, and if nothing unexpected happens, Joe Biden will begin his four-year presidency on January 20; Could this change lead to the easing of US sanctions on Iran, or can it not be practically different from Trump’s presidency?

  • Refinery Projects Unfazed by Sanctions

    Refinery Projects Unfazed by Sanctions

    TEHRAN (Shana) -- The daily growing demand for fuel in Iran’s transportation sector, the necessity of self-sufficiency in fuel production, sitting atop one of the largest hydrocarbon reserves in the world and the refining industry’s urgent need to upgrade refined products production capacity, both quantitatively and qualitatively, have all turned the refining industry into a sensitive sector within the Petroleum Ministry. Iran's refining industry has done its best to blunt the impact of unjust sanctions that have been slapped on the industry. It has also changed threats to opportunities to develop technical knowhow. Proof of such development may be seen in the construction of refineries, development of refining facilities, manufacturing equipment for the refineries and even development of necessary catalysts, all despite sanctions.

  • Zangeneh says US Ban Makes him more Resolute

    Zangeneh says US Ban Makes him more Resolute

    TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said the US move to impose sanctions on him and a number of senior Iranian oil and energy officials on Monday only made them more determined to pursue their goals.

  • Iran Minister Shrugs off US Sanctions on Key Energy Officials

    Iran Minister Shrugs off US Sanctions on Key Energy Officials

    TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh played down the US Treasury’s move to impose sanctions on him and a number of key Iranian oil and energy officials, saying, “I have no assets or wealth outside of Iran to be subject to the sanctions.”

  • Leader Lauds South Pars Achievements under US Embargoes

    Leader Lauds South Pars Achievements under US Embargoes

    TEHRAN (Shana) -- The Supreme Leader of the Revolution hailed the successful actions that coincided with the sanctions in South Pars joint gas field.

  • Enhanced Oil Exports Mark Failure of Sanctions: Rouhani

    Enhanced Oil Exports Mark Failure of Sanctions: Rouhani

    TEHRAN (Shana) – Iranian President Hassan Rouhani said: “That Iran’s oil exports increased from 0.9 mbd to nearly 3 mbd after the JCPOA is an indication of the fact that we smashed the sanctions.”

  • Iran Eyes Self-Sufficiency in Sponge, Needle Coke Production

    Iran Eyes Self-Sufficiency in Sponge, Needle Coke Production

    TEHRAN (Shana) – The National Iranian Oil Refining and Distribution Company (NIORDC) and Iranian Mines & Mining Industries Development & Renovation, known as IMIDRO, have signed an agreement for production of sponge and needle coke in Bandar Abbas and Imam Khomeini refineries which will render Iran self-sufficient in production of the items used for steel production.

  • Plant to Break Chlorine Output Record in Iran

    Plant to Break Chlorine Output Record in Iran

    TEHRAN (Shana) – The CEO of Arvand Petrochemical Plant said his company had planned to launch a project which would enhance its chlorine output breaking the country’s production record of the item.

  • Petchem Production, Exports Continuing as Planned: CEO

    Petchem Production, Exports Continuing as Planned: CEO

    TEHRAN (Shana) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said that production and export of petrochemicals were continuing as scheduled in Iran.

  • Creating Job Market, Best Method to Support Domestic Manufacturers: Zangeneh

    Creating Job Market, Best Method to Support Domestic Manufacturers: Zangeneh

    TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said that the best support for domestic companies and manufacturers was to provide them with a job market, saying: "We need investment to create jobs."

  • Iran Reports Oil Tanker Strike to UN: SPOX

    Iran Reports Oil Tanker Strike to UN: SPOX

    TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said that last week’s attack on Iran’s oil tanker in the Red Sea was backed by a government, adding Iran had reported the incident to the United Nations.

  • PGPIC Ranked 2nd in Global Investment: ICIS

    PGPIC Ranked 2nd in Global Investment: ICIS

    TEHRAN (Shana) -- The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the company was ranked second in terms of investment in the ICIS list of major chemical companies for 2018, despite the US sanctions.