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IMF upgrades Iran's 2023 growth rate to 5.4% citing oil output surge
Feb 26, 2024 06:45The International Monetary Fund (IMF) has revised up its previous economic growth projection for Iran in 2023, attributing it to a higher-than-expected increase in the country’s oil production.
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Pakistan advances work on gas pipeline project with Iran to avoid fine: Report
Feb 21, 2024 06:39Pakistan has reportedly decided to advance much-delayed work on a joint gas pipeline project with Iran as a means of avoiding a whopping fine.
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Iran to take ‘reciprocal action’ if its ships are seized: Top official
Feb 15, 2024 14:41Iran’s Vice President for Legal Affairs Mohammad Dehqan says the country will reciprocate if its ships are seized illegally, as the United States acknowledges the confiscation of Iranian oil.
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Iran, Venezuela discuss ‘boosting energy alliance’: Minister
Feb 04, 2024 10:32Venezuela’s Foreign Minister Yvan Gil says he has discussed with Iranian Oil Minister Javad Owji ways to bolster the “energy alliance” between the two countries.
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Iran's oil exports hit 5-year high despite US sanctions: Report
Feb 02, 2024 12:09Iran's oil exports have hit a 5-year high in spite of US sanctions, helping to prevent a sharp increase in oil prices triggered by the conflict in West Asia.
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Iran’s IRGC seizes foreign vessel transporting smuggled fuel
Jan 29, 2024 06:28The Islamic Revolution Guards Corps (IRGC) Navy has confiscated a foreign tanker carrying two million liters of smuggled fuel in the country's southern waters, a commander says.
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European support for Israel damaging energy security on the continent, report says
Jan 24, 2024 09:17The European support for the Israeli genocide in Gaza, and the subsequent UK-US attacks against Yemen, have significantly impacted the European imports of refined petroleum products in the first half of January, damaging the energy security for the continent, a recent report has said.
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Iran’s gas stations returning to normal after software problem disrupts services
Dec 18, 2023 12:15A software problem has caused disruptions in several petrol stations across Iran, particularly in the capital Tehran, however efforts are underway to return the situation to normal, the National Iranian Oil Products Distribution Company says.
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Brazil set to join OPEC+ in 2024
Dec 01, 2023 08:15Major oil producer Brazil is set to join the OPEC+ group of oil-producing countries next year upon formal invitation.
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Iran’s oil output hits 3.1 million bpd in October: EIA
Nov 30, 2023 13:39The US Energy Information Administration (EIA) in its latest report said Iran produced 3.1 million barrels of oil per day (bpd) in October 2023, stabilizing its third place in the Organization of Petroleum Exporting Countries (OPEC).