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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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Islamic Revolution & economic progresses (1)
Feb 04, 2024 10:44One of the main reasons for occurrence of the Islamic Revolution was the poor economic conditions and deep injustice prevailing in the Iranian society. Most of the oil revenues before the Islamic Revolution were dedicated to the royal family, its near ones and exorbitant military expenses.
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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).
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Ayatollah Khamenei to Muslim states: Halt exports of oil and other commodities to Tel Aviv
Nov 03, 2023 16:04Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei, has called on Muslim nations to take immediate action against the Israeli atrocities in Gaza. He urged them to impose sanctions on the regime, halt exports to the Occupied Territories, and be mobilized to end the Israeli brutalities.