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Iran’s government hails rising oil exports as a source of pride
Jan 12, 2022 02:44The Iranian government has hailed efforts by the country’s Oil Ministry to increase crude exports in recent months, saying the issue is a source of pride for a country that has been subject to a series of harsh and unprecedented sanctions by the US in the past few years.
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China's imports of Iranian oil hit record since 2018 sanctions
Jan 12, 2022 02:22China's imports of Iranian crude oil last year hit a record high since the US imposed sanctions on the Islamic Republic in 2018 with the aim of bringing the country's oil sales down to zero, Bloomberg reports.
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Iran being paid for crude exports, shipments rising: NIOC chief
Jan 09, 2022 03:31Iran has seen its oil exports steadily increase in recent months while it has been able to recoup revenues despite sanctions imposed by the United States on both the sales and on banking transactions meant to settle payments, says a top Oil Ministry official.
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Iran says tax receipts up 60% y/y in March-December
Dec 30, 2021 02:59Iran has reported a major surge in tax receipts between March and December as the government hopes it could easily meet an annual tax revenue target of more than $9 billion.
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Iran expects record petrochemical sales to offset crude exports losses
Dec 30, 2021 02:41Iran expects hard currency revenues from its trade of petrochemicals to reach record levels this calendar year as industry sources insist the sector has played a key role in Iran’s efforts to stand up against American pressure on direct crude sales.
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Iran agrees to tea for oil debt barter with Sri Lanka
Dec 23, 2021 03:47Iran has agreed to import tea from Sri Lanka to settle an old debt owed by the country for imports of oil from Iran.
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Iran’s diesel demand drops by 10% with quota system
Dec 13, 2021 02:31An Iranian Oil Ministry official says demand for diesel in the country has declined by more than 10% as a result of introducing a quota system that allocates the fuel to heavy vehicles based on their use.
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Iran warns against ‘dangerous’ acts of piracy targeting its oil at sea
Dec 08, 2021 04:10An Iranian envoy to the United Nations has issued a stern warning against acts of piracy targeting tankers carrying Iran’s oil cargos at sea, urging the international community to condemn such illegal measures that endanger freedom of navigation.
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Iran Khodro to build 45,000 cars for world's largest bi-fuel fleet
Dec 06, 2021 08:37Iran's Ministry of Oil and Iran Khodro have signed a contract worth $20 million to produce 45,000 bi-fuel cars, expanding the world's largest fleet of vehicles running on either petrol or natural gas in the country.
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Iran Oil Ministry commits to expand CNG fleet
Dec 06, 2021 02:34The Iranian Oil Ministry has committed to provide $20 million worth of funds for production of 45,000 commercial vehicles that will run on compressed natural gas (CNG).