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TEHRAN, Jul. 10 (MNA) – In a report on the effects of the tensions in the Persian Gulf on the world oil market, OIL PRICE mentioned that Persian Gulf conflict could send oil beyond $325. Tensions between Iran and the United States reached a record high after a US spy drone violated Iran’s airspace last […]
EghtesadOnline: The expansion and construction of new units, especially for improving the quality of heavy oil products such as diesel, are on the agenda of Bandar Abbas Oil Refinery Company, its managing director said. “The demand in the international markets for clean fuel, the need to reduce the production of heavy fuels with lower […]
EghtesadOnline: Iran traded 213,886 tons worth $87.84 million with Russia during the first Iranian month (March 21-April 20), registering a 48.45% rise in tonnage and a 54.61% decline in value compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show. Russia was Iran’s 11th biggest trading partner during […]
TEHRAN (Tasnim) – OPEC oil output sank to a new five-year low in June as a rise in Saudi supply did not offset losses in Iran and Venezuela due to US sanctions and other outages elsewhere in the group, a survey found. The 14-member Organization of the Petroleum Exporting Countries pumped 29.60 million barrels per […]
TEHRAN, Jul. 06 (MNA) – Iranian power plants in the western Kurdestan province currently have the capacity to provide up to 300 megawatts of electricity to Iraq’s Sulaymaniyah, a senior official said on Saturday. Managing Director of Power Distribution Company of Kurdestan Hiva Lahounian added that should the necessary infrastructures on both sides be provided, […]
TEHRAN, Jul. 06 (MNA) – The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of heavy crude oil on the Iran Energy Exchange (IRENEX) on Tuesday (July 9). The base price for this offer is $57.66 per barrel, and the minimum purchase volume is 35,000 barrels. Buyers can receive their cargo(es) […]
Islamabad, July 5, IRNA — Pakistan Prime Minister’s Advisor on Commerce, Textile, Industries and Production says Iran and Pakistan have agreed to set up a special desk for implementation of the decisions regarding promotion of bilateral trade. “We have agreed that we will set up a desk in each respective country to make sure that […]
Speaking to reporters on Tuesday, Commander of Tehran Police General Hossein Rahimi said it is illegal to buy or sell foreign currencies in places other than official currency exchange shops. He also said a number of downtown neighborhoods of Tehran known as the hubs of currency trading have been furnished with advanced cameras for facial detection […]
EghtesadOnline: Iran traded 4.39 million tons of non-oil commodities worth $1.81 billion with member economies of Asia-Pacific Economic Cooperation during the first Iranian month (March 21-April 20) to register a 29.41% growth in tonnage and a 24.24% decline in value compared with last year’s same month. Latest data released by the Islamic Republic of Iran […]
EghtesadOnline: The Financial Action Task Force, the global anti-money laundering watchdog, decided on Friday to continue the suspension of counter-measures against Iran until October. In a statement published on the FATF official website, the organization extended the suspension of anti-money laundering counter-measures, allowing Iran another four months to meet international standards against money-laundering and […]