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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).
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Iran’s non-oil exports up 42% in March-November: IRICA
Nov 28, 2021 03:10Figures by Iran’s customs office (IRICA) shows that non-oil exports from the country rose by 42% in value terms in March-November to a total of $31.1 billion.
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Iran insists global energy decisions must be depoliticized
Nov 17, 2021 02:39Iran’s Oil Minister Javad Owji has called for depoliticizing of energy decisions around the world as he insists that US sanctions on Iran continue to affect the global supply of energy.
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US sanctions a failure: Iran ramps up oil exports
Nov 15, 2021 09:01After taking office in August, Minister of Oil Javad Owji promised that "good things will happen in the field of selling Iranian oil in the coming months". Now some 100 days since the inauguration of the new administration, Iran has boosted its oil exports to the extent that credits Owji with having achieved his promise.
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Iran’s monthly oil export revenues at $1.3bn in Aug-Oct: Report
Nov 11, 2021 03:47A report shows that Iran has been earning an average of around $1.3 billion per month in oil exports revenues despite sanctions imposed by the United States.