KhabarOnline

$16b in investment heading to South Pars gas field, Iranian official says

Sun, 19 May 2013 19:05:00 +3:30

An executive of an Iranian oil company says $16 billion will be invested for the development of the South Pars gas field over the next ten months, according to projections.

Sanction is not the Solution

Sun, 19 May 2013 15:08:00 +3:30

Nosratollah Tajik

Turkey, Egypt agree to Iran proposed petrochemical OPEC

Sat, 18 May 2013 23:46:00 +3:30

National Iranian Petrochemical Organization (NIPO) says Turkey and Egypt have agreed with Iran’s proposal to form an international petrochemical association similar to the Organization of Petroleum Exporting Countries (OPEC).

Report: New Delhi Offers Full Insurance Services to Indian Importers of Iran's Oil

Sat, 18 May 2013 18:21:00 +3:30

New Delhi announced its decision to provide Indian importers of Iranian oil with their needed insurance services, media reports said

Iran gas refining capacity to hit 1bcm per day in 2 years: NIGC

Tue, 14 May 2013 21:02:00 +3:30

National Iranian Gas Company (NIGC) says the country’s natural gas refining capacity will climb to one billion cubic meters (bcm) per day in two years’ time

Iran denies drop to OPEC 5th producer

Mon, 13 May 2013 21:42:00 +3:30

Iranian Oil Minister Rostam Qasemi dismisses rumors of Iran having dropped to the fifth biggest OPEC producer.

Iran to increase gas production by 100 mcm per day: Official

Sun, 12 May 2013 19:02:00 +3:30

A senior Iranian oil industry official says the country’s gas production capacity will increase by 100 million cubic meters per day by the end of the current Iranian year (March 20, 2014).

Iran accounts for a quarter of ME petrochemicals: Top exec

Sun, 12 May 2013 10:53:00 +3:30

Iran currently accounts for a quarter of the Middle East’s petrochemical products, and is on course to ramp up the figure considerably in the near future, says an official in the petrochemical industry.

US blacklists firms over sanctions on Iran’s oil sector

Fri, 10 May 2013 20:37:00 +3:30

The United States has put two international companies on its blacklist for allegedly helping Iran bypass illegal unilateral oil sanctions and slapped penalties on four Tehran-based firms in connection with Iran's nuclear energy program.

Ahmadinejad Downplays Effects of Western Oil Embargos against Iran

Wed, 08 May 2013 21:00:00 +3:30

Iranian President Mahmoud Ahmadinejad played down the effects of the western sanctions against the country's oil supplies, and said Iran enjoys many other income sources to replace its oil revenues.

Deputy Minister: Iran Leading Global Dam Construction Industry

Tue, 07 May 2013 21:36:00 +3:30

Iranian Deputy Energy Minister Alireza Daemi praised Iran's eye-catching progress in the dam construction industry in recent decades, and said the country is now among the world's top dam-builders and enjoys the most advanced technology in the field.

Iran Ready to Export Petrochemical Production Know-How

Mon, 06 May 2013 21:15:00 +3:30

Iran is ready to export services and the technical know-how for building petrochemical plants, Iranian Oil Minister Rostam Qassemi said.

Turkish oil imports from Iran hit 8-month high in April

Fri, 03 May 2013 22:38:00 +3:30

Turkey has raised its April crude oil imports from Iran to average 140,000 barrels per day (bpd), hitting an eight-month high, shipping data shows.

Turkey to continue importing Iran’s gas: Turkish energy minister

Tue, 30 Apr 2013 21:27:00 +3:30

The Turkish energy minister says Turkey will continue importing natural gas from Iran, despite US pressure to hinder the Tehran-Ankara energy cooperation.

Iran will increase gas exports to Turkey: Iranian oil minister

Sun, 28 Apr 2013 16:56:00 +3:30

Iranian Oil Minister Rostam Qasemi says Iran’s natural gas exports to Turkey will increase following the establishment of a planned joint pipeline.

Iran’s mineral exports grow by 38%: official

Sun, 28 Apr 2013 10:54:00 +3:30

Iran’s deputy minister of industry, mines and trade says exports of the country’s mineral industries grew by 38 percent in the last Iranian calendar year (which ended on March 20, 2013).

Turkey urges more trade ties with Iran despite foreign pressures

Fri, 26 Apr 2013 18:09:00 +3:30

Turkish Minister of Development Cevdet Yilmaz has called for the expansion of economic ties with neighboring Islamic Republic despite foreign pressures

Iran to triple gas condensate exports in two years

Thu, 25 Apr 2013 23:49:00 +3:30

The managing director of Iranian Oil Terminals Company (IOTC) says the country will roughly triple its gas condensate exports in less than two years.

Iran Inaugurates Middle-East's Biggest Coke-Producing Plant

Thu, 25 Apr 2013 01:05:00 +3:30

The Middle-East's biggest coke-producing plant equipped with a 7-meter-height battery was inaugurated in Isfahan, Central Iran, on Wednesday in the presence of President Mahmoud Ahmadinejad.

Iran Plans to Change All Gas Power Plants to Combined Cycle Plants

Tue, 23 Apr 2013 21:41:00 +3:30

Iranian Energy Minister Majid Namjou said his ministry plans to change all the country's gas power plants to combined cycle power plants

North Korea negotiating with Iran over oil imports: Iran minister

Sun, 21 Apr 2013 17:46:00 +3:30

Iran's Oil Minister Rostam Qasemi says North Korea is negotiating with Tehran over the possibility of importing oil from the Islamic Republic

Official: Iran's Non-Oil Exports to Azerbaijan Surpass $500mln

Sat, 20 Apr 2013 23:08:00 +3:30

Iran's non-oil exports to Azerbaijan exceeded $500 million in the last Iranian year (ended March 20) showing an increase compared with the year before, a trade official said.

Envoy: Iran Seeks Development of Economic, Cultural Ties with Afghanistan

Sat, 20 Apr 2013 23:06:00 +3:30

Iranian Ambassador to Kabul Abolfazl Zohrehvand underlined Tehran's enthusiasm for the further expansion of relations with Afghanistan, specially in economic and cultural fields.

Iran agrees to export gas to Switzerland: NIGC chief

Fri, 19 Apr 2013 20:26:00 +3:30

An Iranian deputy oil minister says the country has finalized a deal for the delivery of natural gas to Switzerland.

Oil Minister: Iran's Energy Cooperation with Iraq Growing

Thu, 18 Apr 2013 20:59:00 +3:30

Iranian Oil Minister Rostam Qassemi underlined development in energy cooperation between Tehran and Baghdad, and said the country supports the Iranian companies which provide Iraq with the needed equipment for implementing oil projects.

Minister: Iran to Celebrate Independence in Oil Sector Soon

Wed, 17 Apr 2013 21:14:00 +3:30

Iranian Oil Minister Rostam Qassemi played down the effects of the western sanctions on the country's oil sector, and said Iran will celebrate independence of its oil industry soon in future.

Tehran Oil Show proves failure of US-led sanctions: Iran min.

Tue, 16 Apr 2013 18:35:00 +3:30

Iranian Oil Minister Rostam Qasemi says the upcoming high-profile Oil Show in Tehran demonstrates the failure of international sanctions against the Islamic Republic’s energy sector.

Iran's Non-Oil Exports Exceed $41bln despite Sanctions

Mon, 15 Apr 2013 13:25:00 +3:30

The value of the Iran's non-oil exports to different world states in the past Iranian year (ended March 20) has exceeded $41bln despite the sanctions and restrictions imposed by the West on Tehran, a senior trade official announced.

Iran oil refining capacity exceeds 1.8 mn bpd: Official

Thu, 11 Apr 2013 23:57:00 +3:30

Managing director of National Iranian Oil Pipeline and Telecommunication Company says the country has boosted its crude refining capacity to over 1.8 million barrels per day.

Report: Iran-Turkey Trade Balance Exceeds $2.3bln in 2 Months

Thu, 11 Apr 2013 23:49:00 +3:30

The value of trade transactions between Iran and Turkey exceeded $2.3bln in January and February, a report said.

India to continue Iran oil imports despite sanctions: Report

Thu, 11 Apr 2013 13:56:00 +3:30

India has reiterated that it will not halt its oil imports from Iran despite the US-engineered sanctions against the Islamic Republic’s oil sector, a report says.

Jordan, Iraq Sign Agreement to Build Oil Pipeline

Wed, 10 Apr 2013 17:21:00 +3:30

Jordan and Iraq signed an agreement to build a double pipeline with investment of $18bln which will supply Jordan with oil and export Iraqi oil through Aqaba port, said a source from the Iraqi oil ministry.

Iran's Steel Output to Hit 42mln Tons by 2015

Wed, 10 Apr 2013 17:19:00 +3:30

Iran plans to boost its annual steel output capacity to 42 million tons in the near future, a senior industry official announced.

Iran, Burundi Ink 8 Cooperation Agreements

Wed, 10 Apr 2013 17:17:00 +3:30

The Islamic Republic of Iran and the Republic of Burundi signed 8 documents on mutual cooperation in a move to further strengthen and expand their bilateral relations.

West must embrace Iran’s NPT rights for deal to be cut: Russia

Mon, 08 Apr 2013 10:05:00 +3:30

Russian Deputy Foreign Minister Sergei Ryabkov says the final solution to the Western dispute over Iran’s nuclear energy program is the recognition of Tehran’s rights under the Treaty on the Non-Proliferation of Nuclear Weapons (NPT).

Chinese tanker takes in 2 million barrels of crude at Iranian terminal

Sun, 07 Apr 2013 20:22:00 +3:30

A Chinese supertanker with the capacity to carry two million barrels of crude has docked and embarked at an Iranian port, the first such move since the European Union imposed sanctions on Iran’s oil in July.

Persian Gulf Holding's Exports Stand at $4.9

Sun, 07 Apr 2013 11:37:00 +3:30

The Persian Gulf Holding exported 4.9 billion dollars of petrochemical products in the first 11 months of the last Iranian calendar year (ended on 20 March 2013), the company's chief said.

Gasoline Consumption Hits New Record

Sun, 07 Apr 2013 11:32:00 +3:30

Iranian car drivers consumed 98 million liters of gasoline on March 31, 2013, which is a new record in the country.

Iran to export 40 mcm per day of gas to Iraq by summer 2013: Official

Fri, 05 Apr 2013 19:58:00 +3:30

An Iranian deputy oil minister has announced that the country will start exporting 40 million cubic meters (mcm) a day of natural gas to Iraq by summer 2013.

Turkey calls for expansion of economic ties with Iran

Thu, 04 Apr 2013 14:16:00 +3:30

Turkish Minister of Development Cevdet Yilmaz has called for the further expansion of economic cooperation between Iran and Turkey

Iranian Oil Minister: South Pars Gas Projects Moving Ahead as Planned

Wed, 03 Apr 2013 16:13:00 +3:30

Iranian Oil Minister Rostam Qassemi said the South Pars oil and gas field projects are going ahead according to the time table, and stressed that three more phases of the development plan of the field will come on stream soon.

Tehran Stock Exchange sets new record in trade volume

Wed, 03 Apr 2013 16:08:00 +3:30

The Tehran Stock Exchange (TSE) has set a new record in trading volume, surpassing the 40,000 unit mark for the first time.

Iran, Turkey resume gold trade despite US sanctions

Tue, 02 Apr 2013 16:52:00 +3:30

Iran and Turkey have resumed their trade of gold for natural gas and made a USD-120-million deal in February, circumventing tough US sanctions against Tehran over its nuclear energy program.

Iran to launch South Pars phases 12, 15, 16: Oil minister

Mon, 01 Apr 2013 13:05:00 +3:30

Iranian Oil Minister Rostam Qasemi says three phases of the South Pars Gas and Oil Field will be completed by the end of the current Iranian calendar year (March 20, 2014).

India to create multi-million-dollar fund to insure Iran crude imports

Mon, 01 Apr 2013 00:13:00 +3:30

India is set to create a multi-million-dollar Energy Insurance Pool (EIP) fund as part of efforts to support local insurers giving coverage to refiners processing Iranian crude oil.

Iran to build first small oil refinery in Golestan Province

Sat, 30 Mar 2013 18:56:00 +3:30

Head of Iran’s Oil Products Exporters Union says the Islamic Republic is planning to build its first small oil refinery in the northeastern province of Golestan.

‘Iran asked to increase petchem exports’

Mon, 18 Mar 2013 11:44:00 +3:30

The managing director of the National Petrochemical Company says the Islamic Republic of Iran’s neighboring countries have demanded an increase in the export of the country’s petrochemical products.

Tehran Starts Generating Electricity from City Garbage

Mon, 18 Mar 2013 11:44:00 +3:30

Tehran started generation of electricity from the garbage hills produced by its over 10 million population, Tehran Mayor's Deputy for Civil Services Mojtaba Abdollahi announced on Sunday.

Official: Iran Gains Self-Sufficiency in Petchem Industry

Sun, 17 Mar 2013 23:37:00 +3:30

A senior official hailed Iranian experts and engineers for the efforts they have made to gain self-sufficiency, particularly in the field of designing, engineering and installing facilities of petrochemical industry.

Iran eyes stopping oil exports: Ahmadinejad

Sat, 16 Mar 2013 13:18:00 +3:30

Iranian President Mahmoud Ahmadinejad says the Islamic Republic aims to reach the point where it would no longer need to export its crude oil.

Iran's Daily Gasoline Output to Hit 70mln Liters

Sat, 16 Mar 2013 13:17:00 +3:30

A senior Iranian oil official said that the country will produce 70mln liters of gasoline per day in the near future when several refineries come on stream.

US imposes sanctions on 2 Iranian inurance firms

Sat, 16 Mar 2013 13:17:00 +3:30

The US has imposed sanctions on two Iranian firms, saying the companies provide insurance services to Iran's main petroleum shipper in its latest bid to mount pressure on Tehran over its nuclear energy program.

Official: Iran's Annual Petrochemical Output to Hit 100mln Tons in 2 Years

Fri, 15 Mar 2013 12:42:00 +3:30

The annual output of Iran's petrochemical plants is expected to reach 100 million tons after the commissioning of several projects in the petrochemical sector in the next two years, the National Iranian Petrochemical Company's Director for Planning and Development Ramezan Oladi said.

Iranian Minister: Oil Industry to Foil West's Economic War against Iran

Fri, 15 Mar 2013 12:42:00 +3:30

Iranian Oil Minister Rostam Qassemi announced preparedness of Iran's oil industry to confront the western sanctions, and said that the enemies' economic war against Iran will be fruitless.

11 nations granted waivers of US sanctions on Iran

Thu, 14 Mar 2013 19:37:00 +3:30

The United States has granted new waivers on Iran sanctions to 11 countries in exchange for their reductions of purchases of Iranian crude oil.

Iran, Turkmenistan to sign barter trade agreement

Thu, 14 Mar 2013 12:18:00 +3:30

Iranian ambassador to Turkmenistan says Tehran and Ashgabat will sign a barter trade agreement during Iranian President Mahmoud Ahmadinejad's forthcoming visit to that country.

Iran set to launch country's biggest gasoline plant

Thu, 14 Mar 2013 12:17:00 +3:30

Iran President Mahmoud Ahmadinejad is poised to inaugurate the country's largest gasoline plant near the central city of Shazand on Thursday.

Iranian Envoy Invites Azeri Nationals to Invest in Aras Free Trade Zone

Tue, 12 Mar 2013 23:53:00 +3:30

Tehran's Ambassador to Baku Mohsen Pakayeen called for Azeri investors' stronger economic activity in Iran's Aras Free Trade Zone (AFTZ), saying that the zone will be highly profitable for foreign investors.

Official: Iran, Venezuela to Ink Oil Contract Soon

Tue, 12 Mar 2013 23:52:00 +3:30

Managing-Director of the Iranian Offshore Engineering and Construction Company (IOEC) Ali Taheri Motlaq announced that Tehran and Caracas will soon sign a contract to build an offshore oil installation construction yard in Venezuela.

Iran to Provide Insurance Services to All Wide-Body Passenger Planes, Oil Tankers

Sun, 10 Mar 2013 23:11:00 +3:30

Iran plans to provide all its large passenger planes and oil tankers with their needed insurance services, a senior Iranian insurance officials announced on Sunday.

Iran Indigenizes Mini Oil Refineries Expertise

Sun, 10 Mar 2013 23:11:00 +3:30

Managing-Director of National Iranian Oil Engineering and Construction Company (NIOEC) said the country has succeeded in indigenizing the expertise needed for designing and building small oil refineries, which is based on the valuable experiences gained from the development plan of Imam Khomeini oil refinery.

Iran earns some $13bn from petrochemical, polymer exports: Report

Fri, 08 Mar 2013 20:04:00 +3:30

Iran has earned nearly USD 13 billion from exporting petrochemical and polymer products from the giant offshore South Pars Gas Field to mainly European and Asian countries since March 2012, says one report.

Iran exports Persian carpet to 70 countries despite sanctions: Official

Fri, 08 Mar 2013 11:52:00 +3:30

A senior Iranian business official says the Islamic Republic has exported Persian carpets to 70 countries despite the obstacles that the US-engineered sanctions on Iran have created.

Pakistan shrugs off US opposition to IP gas pipeline

Wed, 06 Mar 2013 13:47:00 +3:30

Pakistani President Asif Ali Zardari says his country will push ahead with the long-awaited Iran-Pakistan (IP) gas pipeline despite US attempts to hinder the project.

Iran petchem nominal capacity to reach 60mt: NPC chief

Tue, 05 Mar 2013 23:55:00 +3:30

An Iranian deputy petroleum minister says the country’s nominal petrochemical production capacity is close to reaching 60 million tons (mt).

Official: Iran Plans to Start Oil Production in South Pars Field Soon

Tue, 05 Mar 2013 23:39:00 +3:30

Iran will start oil production in the South Pars field in the first half of the next Iranian year (starts March 21), an Iranian energy official announced on Tuesday.

Iran, Pakistan Invite UAE Deputy PM to IP Gas Pipeline Inaugural Ceremony

Tue, 05 Mar 2013 23:38:00 +3:30

Iranian President Mahmoud Ahmadinejad and his Pakistani counterpart Asif Ali Zardari invited UAE Deputy Prime Minister and Minister for Presidential Affairs Sheikh Mansour bin Zayed Al Nahayan to attend the inaugural ceremony of the construction of the Pakistani side of the IP gas pipeline next week.

Iran increases oil swap capacity in Caspian Sea region

Mon, 04 Mar 2013 00:32:00 +3:30

The Islamic Republic of Iran has increased its oil swap capacity in the Caspian Sea region to 500,000 barrels per day (bpd).

Iran set to increase gas exports to Turkey

Mon, 04 Mar 2013 00:31:00 +3:30

Iran is expected to sign a new agreement with Turkey to increase the volume of natural gas exports to its northwestern neighbor by five million cubic meters (mcm) per day.

Iran Ups Oil Production in February

Sat, 02 Mar 2013 20:37:00 +3:30

Iran's daily oil output reached 2.9 million barrels after it witnessed a 200,000-barrel increase in February 2013, an informed source said on Saturday.

Iranian Company to Construct IP Gas Pipeline

Fri, 01 Mar 2013 14:43:00 +3:30

An Iranian company is due to begin construction work of the Pakistani side of the multi-billion-dollar IP gas pipeline soon, Pakistani media reported.

Iran discovery of hydrocarbon reserves exceeds $400bn: NIOC chief

Wed, 27 Feb 2013 09:21:00 +3:30

Iran has discovered hydrocarbon reserves worth more than USD400 billion in the first 11 months of the current Iranian calendar year (started March 20, 2012), a deputy oil minister says.

Iran condensate exports from Assaluyeh surpass $7bn

Tue, 26 Feb 2013 23:12:00 +3:30

Iran has exported USD7.85 billion worth of gas condensate from the southern Pars Special Energy Economic Zone in Assaluyeh during the first 11 months of the current Iranian calendar year (started March 20, 2012).

Iran discovery of hydrocarbon reserves exceeds $400bn: NIOC chief

Tue, 26 Feb 2013 23:12:00 +3:30

Iran has discovered hydrocarbon reserves worth more than USD400 billion in the first 11 months of the current Iranian calendar year (started March 20, 2012), a deputy oil minister says.

Iran could reconsider crude oil, gas condensate policies: oil minister

Tue, 26 Feb 2013 23:12:00 +3:30

Iranian Oil Minister Rostam Qasemi says Iran could reconsider its crude oil and gas condensate policies.

Iran 11-month non-oil trade volume exceeds $85bn: official

Sat, 23 Feb 2013 20:23:00 +3:30

The Islamic Republic of Iran Customs Administration (IRICA) says the country's volume of non-oil trade has hit USD85.9 billion in the first 11 months of the current Iranian calendar year (started March 20, 2012).

Construction of Pakistani part of IP gas pipeline begins

Thu, 21 Feb 2013 20:14:00 +3:30

An Iranian-Pakistani consortium has started the construction of the Pakistani section of a pipeline that will carry Iran’s natural gas to its eastern neighbor.

Iran to earn $14bn from gas exports: gas official

Wed, 20 Feb 2013 20:35:00 +3:30

Iran is forecasted to reap USD14 billion from selling natural gas by 2016, a senior gas industry official says.

Iran to become gasoline exporter by early 2014: Oil min.

Wed, 20 Feb 2013 20:35:00 +3:30

Iran Oil Minister Rostam Qasemi says the country will start exporting gasoline by the end of the next Iranian calendar year (ends March 20, 2014) when underway oil refinery development projects come on-stream.

Economic delegation from Egypt due in Iran: Official

Mon, 18 Feb 2013 13:14:00 +3:30

Head of Egypt's Interest Section in Iran Khalid al-Said Ibrahim Amari says a large Egyptian economic delegation is due to arrive in the Islamic Republic later this week.

Iran, Iraq set to finalize gas deal before Persian New Year

Sun, 17 Feb 2013 23:54:00 +3:30

Tehran and Baghdad are finalizing an agreement for Iran to export natural gas to neighboring Iraq, a report suggests.

Iran, Pakistan to sign gas pipeline agreement

Sat, 16 Feb 2013 14:10:00 +3:30

Iran and Pakistan are set to sign an agreement on the construction of a multi-billion-dollar natural gas pipeline between the two Asian countries.

Iran running oil, gas projects despite restrictions: Oil Minister

Fri, 15 Feb 2013 13:46:00 +3:30

Iran’s Oil Minister Rostam Qasemi says the Islamic Republic is implementing all its oil and gas projects despite restrictions imposed on Iran.

Iran launches largest NGL plant in Persian Gulf

Fri, 15 Feb 2013 13:45:00 +3:30

Iran’s President Mahmoud Ahmadinejad has inaugurated the largest associated petroleum gas (APG) plant in the Persian Gulf, built on the southern Iranian island of Siri to produce condensate and gather associated gas.

Iran welcomes Russian participation in hydrocarbon projects

Wed, 13 Feb 2013 23:09:00 +3:30

An Iranian Oil Ministry spokesman says Tehran is open to the idea of having Russian firms develop oil and gas fields in the country.

India to insure refiners importing Iranian crude oil

Wed, 13 Feb 2013 23:09:00 +3:30

An Indian government source says New Delhi will provide insurance coverage for Indian refineries that import crude oil from Iran in defiance of US-led sanctions against the Iranian energy sector.

Iran refinery to triple gasoline production

Tue, 12 Feb 2013 20:33:00 +3:30

An oil refinery in the central Iran will see its gasoline output more than treble after fully undergoing development and renovation in the near future.

Ahmadinejad to inaugurate largest NGL plant in Persian Gulf

Tue, 12 Feb 2013 20:33:00 +3:30

Iran is set to launch the largest associated petroleum gas (APG) gathering plant in the Persian Gulf region on the country’s southern Siri Island.

Islamabad Oil Minister: Pakistan Eager to Develop Gas Ties with Iran

Mon, 11 Feb 2013 23:29:00 +3:30

Pakistani Oil Minister Asim Hussain stressed that his country is in dire need of Tehran's gas supplies and is eager to increase gas imports from Iran.

Iran to open world’s largest refining unit despite sanctions: Official

Mon, 11 Feb 2013 14:18:00 +3:30

Iran's deputy oil minister has announced that despite the illegal US-led sanctions against Tehran, the Islamic Republic will soon inaugurate the world’s largest oil refining unit with the capacity of purifying over 90, 000 barrels of oil per day.

Iran’s gasoline output to increase by 12m liters per day: Official

Mon, 11 Feb 2013 14:18:00 +3:30

A senior Iranian energy official says Iran’s premium gasoline output will increase by 12 million liters per day with the launch of the first phase of the Persian Gulf Star Refinery within months.

Iran ranks 15th in world in steel production

Mon, 11 Feb 2013 00:10:00 +3:30

Recent data show that the Islamic Republic of Iran was the 15th largest steel producer in the world for the year 2012.

US expands sanctions to lock up Iran oil revenue

Thu, 07 Feb 2013 12:54:00 +3:30

The United States has imposed new sanctions on Iran’s energy sector in a new attempt to force the Islamic Republic to halt its nuclear energy program.

Petrochemical Sector Ranks First In Privatization

Wed, 06 Feb 2013 13:27:00 +3:30

The Petrochemical sector has been the most successful sector in the oil industry in view of privatization under Article 44 of the constitution, officials said.

Iran's Annual Oil Revenues Hit $110bln

Wed, 06 Feb 2013 13:27:00 +3:30

The Islamic Republic of Iran's annual oil revenues hit 110 billion dollars during the last Iranian calendar year, ended 20 March 2012, an unprecedented figure since the establishment of the National Iranian Oil Company (NIOC).

Iran entity bids for SP development after China quits

Tue, 05 Feb 2013 23:29:00 +3:30

An engineering arm of Iran Defense Ministry has volunteered to develop Phase 11 of the massive South Pars Gas Field after a Chinese contractor pulled out of the five-billion-dollar offshore project.

Iran’s electricity exports increase 32%

Tue, 05 Feb 2013 23:28:00 +3:30

The Islamic Republic’s electricity exports to neighboring countries have increased by about 32 percent since the beginning of the current Iranian calendar year (March 20, 2012).

Iran, Turkey seek to boost annual trade to $35b

Tue, 05 Feb 2013 23:28:00 +3:30

Iran and Turkey have called for their annual trade exchanges to soar to USD35 billion from the current USD22 billion.

Official: Iran's Second Insurer to Offer P&I Cover to Oil Tankers

Tue, 05 Feb 2013 15:07:00 +3:30

Iran announced on Tuesday that a second domestic insurance company will start providing P&I (protection and indemnity) insurance coverage for tankers carrying Iranian crude by mid March.

Iran to become exporter of gasoline in two months: Minister

Mon, 04 Feb 2013 11:13:00 +3:30

Iran’s Oil Minister Rostam Qasemi says the Islamic Republic will become an exporter of gasoline in less than two months, despite the illegal US-led sanctions against the country.

Oil prices hit new high after Israeli attack on Syria research center

Fri, 01 Feb 2013 20:20:00 +3:30

Oil prices have soared to their highest level over the past three months amid increasing geopolitical tension in the Middle East, particularly the Israeli regime’s recent aerial assault on Syria.

Minister: Iran Passes through Hardest Sanctions against Energy Sector

Thu, 31 Jan 2013 20:25:00 +3:30

Iranian Oil Minister Rostam Qassemi underlined the country's self-sufficiency in producing the different parts needed for its oil industry, and said Iran has passed through the hardest phase of the western sanctions on its energy sector.

Iran gas to reach Iraq next summer: Oil Ministry official

Thu, 31 Jan 2013 11:40:00 +3:30

Iran Oil Ministry spokesman says the country will start exporting natural gas to Baghdad by next summer via an under-construction pipeline between the two countries.

Iran oil industry unfazed by sanctions: Minister

Thu, 31 Jan 2013 11:40:00 +3:30

Iran Oil Minister Rostam Qasemi says the country is not concerned about the impact of Western sanctions on the development of its oil industry.

Iran nears self-sufficiency in jet fuel production

Wed, 30 Jan 2013 11:59:00 +3:30

Iran is close to becoming self-sufficient in producing jet fuel with the renovation of Abadan Oil Refinery, the oldest crude oil treatment facility in the Middle East.

Ankara happy with Iran gas import: Turkish energy minister

Wed, 30 Jan 2013 11:58:00 +3:30

Turkish Minister of Energy and Natural Sources Taner Yildiz says his country is satisfied with the unchanged level of gas trade with Iran.

Iran self-sufficient in manufacturing oil industry equipment: Minister

Mon, 28 Jan 2013 20:31:00 +3:30

Iran’s Oil Minister Rostam Qasemi says the country has become self-sufficient in manufacturing equipment for oil exploration and production despite tough sanctions against the Islamic Republic’s oil sector.

Iran to hold 1st Export Capabilities Exhibition

Mon, 28 Jan 2013 09:35:00 +3:30

The Islamic Republic of Iran will hold its first Export Capabilities Exhibition in Tehran in February.

Iranian Energy Minister Conveys Ahmadinejad's Message to Karzai

Mon, 28 Jan 2013 09:35:00 +3:30

Iranian Energy Minister Majid Namjou, who is on an official visit to Kabul, submitted a message from President Mahmoud Ahmadinejad to his Afghan counterpart Hamid Karzai.

Establishment of Islamic bank improves global economy: Ahmadinejad

Mon, 28 Jan 2013 09:34:00 +3:30

Iran President Mahmoud Ahmadinejad has called for the establishment of an Islamic bank, saying it is a way to improve economic conditions throughout the world.

Iran to sue Azerbaijan over oil pollution in Caspian Sea

Sun, 27 Jan 2013 23:46:00 +3:30

An Iranian environmental official says Tehran will file a lawsuit against Azerbaijan if Baku does nothing to stop increasing oil pollution in the Caspian Sea.

Iran imposes preemptive oil, gas ban on EU

Sun, 27 Jan 2013 23:44:00 +3:30

Iran has banned crude oil and gas exports to the European Union (EU) in retaliation for the 27-nation bloc’s embargo on the Iranian energy sector.

Iran engineers capable of building refineries abroad

Sun, 27 Jan 2013 23:44:00 +3:30

A senior Iranian oil industry official says Iranian engineers are capable of building refineries in other countries.

US probes Swiss medicine giant for trade with Iran

Sun, 27 Jan 2013 23:43:00 +3:30

Despite its claims of easing the restrictions on the sales of medicine to Iran, Washington has launched an investigation into the transactions of Switzerland’s biggest pharmaceutical company, Novartis, with the Islamic Republic.

Iran to open world’s largest gasoline production unit in February

Sat, 26 Jan 2013 20:14:00 +3:30

Iran is set to inaugurate the world’s largest gasoline production facility which will enhance the country’s premium gasoline production by 8.3 million liters per day (lpd), a top Iranian oil official says.

South Korea-France joint venture revives Iran oil contract

Sat, 26 Jan 2013 10:59:00 +3:30

A Franco-Korean petrochemical company has revived a contract, stalled one year ago, to resume buying Iranian oil in defiance of Western sanctions against the Islamic Republic.

Iran to launch first indigenous ocean-going tanker ship

Fri, 25 Jan 2013 20:14:00 +3:30

An official of Iran's shipbuilding industry says the country is planning to launch its first indigenous ocean-going oil tanker next month.

Official: Iran Expects $2bln Worth of Food Exports This Year

Thu, 24 Jan 2013 20:33:00 +3:30

Iran expects to export over $2bln of food products to other countries to the end of the current Iranian year (ending March 20), an Iranian trade official announced.

Iranian Provincial Official Calls for Expansion of Economic Ties with Iraq

Wed, 23 Jan 2013 20:21:00 +3:30

Iran is ready to expand its bilateral economic ties with neighboring Iraq, an Iranian provincial official said.

China to begin importing Iranian polyethylene this month: report

Wed, 23 Jan 2013 14:38:00 +3:30

China is set to start imports of Iranian-manufactured polyethylene this month, which became possible because the Islamic Republic partially lifted a ban on the export of petrochemicals late last year.

Iran says new shared oil, gas, reserves discovered

Tue, 22 Jan 2013 23:19:00 +3:30

Iranian Oil Minister Rostam Qasemi says huge oil and gas reserves have been discovered on the country’s northeastern and western borders with Turkmenistan and Iraq.

Iran gas recovery from South Pars fetches 500 bcm

Tue, 22 Jan 2013 23:19:00 +3:30

Iran has recovered 500 billion cubic meters (bcm) of natural gas over the past 15 years from the giant offshore South Pars Gas Field which it shares with Qatar in the Persian Gulf, Iranian Oil Ministry data show.

Iran discovers 14 billion barrels of crude oil reserves

Tue, 22 Jan 2013 23:18:00 +3:30

Iran has discovered 14 billion barrels of crude oil reserves during the first three quarters of the current Persian calendar year (started March 20, 2012), an Iranian deputy oil minister says.

China’s December crude import from Iran 2nd highest in 2012

Tue, 22 Jan 2013 23:18:00 +3:30

Official data show Iran’s crude oil exports to China soared to their second highest level in December 2012, in spite of US-led sanctions against the Islamic Republic’s energy sector.

Iran's gas condensate exports from Assaluyeh at $12bn

Mon, 21 Jan 2013 20:28:00 +3:30

Iran has exported USD11.804 billion worth of gas condensate and petrochemical products from Pars Special Energy Economic Zone in Assaluyeh in the southern province of Bushehr over the last ten months.

Pakistan, Iran bent on boosting trade volume

Sun, 20 Jan 2013 23:46:00 +3:30

A high-ranking Pakistani business official has stressed the need for the expansion of economic and trade ties between Islamabad and Tehran.

Iran to develop gas layers of Balal oil field

Sun, 20 Jan 2013 23:46:00 +3:30

A senior oil official says the Iranian Offshore Oil Company (IOOC) plans to develop gas layers of Balal offshore oil field in southern Iran.

Iran, major trade partner for South Korea: Park

Sat, 19 Jan 2013 20:24:00 +3:30

South Korean president-elect Park Geun Hye has hailed her country’s longstanding relations with Iran, stressing that Seoul attaches great significance to the expansion of ties with Tehran in all fields.

Canada ranked third biggest oil deposits owner,rivals Iran

Sat, 19 Jan 2013 19:05:00 +3:30

Khabar Online: Based on data from the balance sheet of Iran's energy in 2011, Canada is the new rival of Iran as the third biggest owner of oil reserves in the world.

Investment in Iran mining sector rises 73% despite bans: Minister

Sat, 19 Jan 2013 13:21:00 +3:30

An Iranian minister says 73-percent increase in investments in Iran’s mining sector in the previous Iranian calendar year (ended March 19, 2012) shows futility of the illegal US-led sanctions against the Islamic Republic.

Iran electricity exports increase 34 percent: Energy Ministry

Thu, 17 Jan 2013 11:51:00 +3:30

Iran’s electricity exports to neighboring countries have increased by about 34 percent since the beginning of the current Iranian calendar year (started March 20, 2012).

Iran biggest exporter of fuel oil in the world: Official

Wed, 16 Jan 2013 09:29:00 +3:30

A senior Iranian oil industry official says the Islamic Republic is the world's leading exporter of fuel oil, selling an average of over 16 million liters per day of the product regardless of US-led sanctions.

Iran-Turkey trade can reach $100bn per year: Iran envoy

Tue, 15 Jan 2013 23:45:00 +3:30

Iran’s Ambassador to Turkey Bahman Hosseinpour says the volume of trade transactions between Tehran and Ankara can reach as high as USD 100 billion per year.

South Korea’s oil imports from Iran rise by almost 1/4: Report

Tue, 15 Jan 2013 23:44:00 +3:30

Official data show that South Korea’s imports of Iranian crude have increased by almost a fourth compared to last year, despite the West’s unilateral embargoes against Iran's oil and financial sectors, a report says.

Iran plans to phase out dollar, euro in foreign trade: Econ. min.

Tue, 15 Jan 2013 23:44:00 +3:30

Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini says the country plans to phase out dollar and euro in its future international transactions after the US and the European Union (EU) imposed sanctions on Iran.

Reshadat oil field output to hit 22k bpd, Iranian official says

Tue, 15 Jan 2013 23:43:00 +3:30

An Iranian oil industry official says oil production in the Reshadat oil field, located near Lavan Island in the Persian Gulf, will rise to 22,000 barrels per day in the near future.

Norway keen to expand energy ties with Islamic Republic

Mon, 14 Jan 2013 14:05:00 +3:30

The Norwegian Ambassador to Iran says his country is ready to enhance its energy ties with the Islamic Republic.

$250bn worth of oil projects underway in Iran: Qasemi

Sun, 13 Jan 2013 23:36:00 +3:30

Iran Oil Minister Rostam Qasemi says USD250 billion worth of projects are underway in the Islamic Republic’s oil industry.

Iran faces no problem in oil sales: Oil Ministry official

Sun, 13 Jan 2013 23:35:00 +3:30

The Iranian Oil Ministry spokesman says Iran faces no problem selling its oil despite tough US-engineered sanctions against the Islamic Republic.

Iran attains self-sufficiency in 38 petchem fields

Sun, 13 Jan 2013 23:35:00 +3:30

Iranian experts have mastered the technological know-how and achieved the licensing required to manufacture 38 petrochemical products, a deputy oil minister says.

Iran always finds ways to skirt around sanctions: US Treasury

Sun, 13 Jan 2013 23:34:00 +3:30

The United States Treasury Department says Iran is always finding ways to evade sanctions imposed against it over its nuclear energy program.

Minister Blasts Enemies' Justification for Economic Sanctions on Iran

Sat, 12 Jan 2013 12:58:00 +3:30

Iran's Minister of Industry, Mines and Trade Mehdi Qazanfari dismissed as 'false' the justification used by enemies for imposing sanctions on Iranian economy.

NIOC, world's 2nd largest oil company: PIW

Fri, 11 Jan 2013 20:20:00 +3:30

An international energy research magazine has ranked the National Iranian Oil Company (NIOC) as the world’s second largest oil firm.

Iran friends in crisis, top priority in oil exports: Oil Ministry official

Fri, 11 Jan 2013 20:20:00 +3:30

Iran’s Oil Ministry spokesman says Tehran will give its oil export priority to countries which have supported Tehran in the face of the West’s embargoes against the country’s nuclear energy program.

Official: Iran's Foreign Trade Exchanges Hit $73bln in 9 Months

Fri, 11 Jan 2013 12:01:00 +3:30

The volume of Iran's trade transactions with 150 countries has reached $73bln in the first nine months of the current Iranian year (March 20-November 21), a senior trade official announced.

Iran foreign trade tops $73 billion despite sanctions

Thu, 10 Jan 2013 09:27:00 +3:30

An Iranian trade official says the country's foreign trade volume has exceeded USD73 billion in the first three months of the current Iranian calendar year [started March 20, 2012].

Iran to manufacture three indigenous passenger planes by 2026

Wed, 09 Jan 2013 06:22:00 +3:30

The Islamic Republic of Iran plans to manufacture three domestically-designed passenger planes by 2026, according to a senior Iranian aviation official.

Iran begins oil production from a joint field with Iraq

Wed, 09 Jan 2013 06:21:00 +3:30

Iran has officially begun pumping crude from an oil field it shares with it western neighbor Iraq, the managing director of the Iranian Central Oil Fields Company (ICOFC) says.

Iran’s electricity exports to increase 47% by March

Wed, 09 Jan 2013 06:20:00 +3:30

The Islamic Republic’s electricity exports are set to increase by 47 percent by the end of the current Iranian calendar year (March 2013).

Iran’s petrochemical projects get $3.6bn in development aid

Tue, 08 Jan 2013 23:43:00 +3:30

A senior Iranian energy official says Iran’s National Development Fund (NDF) has allocated 3.6 billion dollars to the development of the country’s petrochemical industry.

Turkey’s Tupras will extend oil contract with Iran: Yildiz

Tue, 08 Jan 2013 11:30:00 +3:30

Turkish Energy Minister Taner Yildiz says the country's sole oil refiner, Tupras, will extend a contract with Tehran to purchase crude oil from the Islamic Republic.

Japan refiner renews oil import contract with Iran for 2013

Tue, 08 Jan 2013 11:30:00 +3:30

Notwithstanding US-led sanctions against Iran’s energy sector, Japan's top refiner JX Nippon Oil & Energy has extended its crude oil import contract with Iran for 2013.

215 oil projects worth $261bn underway in Iran

Tue, 08 Jan 2013 11:30:00 +3:30

An Iranian Oil Ministry official says 215 high-priority plans with a cost of 261 billion dollars are being implemented in the Islamic Republic.

Iran’s Kish Island to host 6th Intl. Tourism Exhibition

Tue, 08 Jan 2013 11:29:00 +3:30

Iran is planning to mount the sixth edition of international exhibition for tourism, hospitality and investing opportunities in Kish Island.

Foreign investment in Iran's oil sector stands at $20bn: Minister

Mon, 07 Jan 2013 07:38:00 +3:30

Iranian Oil Minister Rostam Qasemi says foreign investment in Iran’s upstream oil sector has amounted to USD20 billion.

Brent crude futures close above $110

Sat, 05 Jan 2013 10:11:00 +3:30

The price of Brent crude futures has increased to above USD110 per barrel in global oil markets on anticipation that the US Federal Reserve will announce a fresh stimulus plan.

Turkey oil imports from Iran remain unchanged: Report

Sat, 05 Jan 2013 10:10:00 +3:30

Turkey’s imports of Iranian crude oil have stayed unchanged at around 100,000 barrels per day from September to December, 2012.

Iran-Iraq Alliance Weakening Saudis in OPEC

Sat, 05 Jan 2013 10:09:00 +3:30

An emerging alliance between Iran and Iraq in OPEC is expected to undermine Saudi Arabia and could push up oil prices sharply, western media reports said.

NIOPDC Releases Oil Products Consumption Data

Sat, 05 Jan 2013 10:09:00 +3:30

The latest statistical figures released by the National Iranian Oil Production and Distribution Company (NIOPDC) showed that daily gasoline consumption in Iran rose slightly during the first week of winter that ended on December 28.

Oil prices soar in Asia ahead of last-minute fiscal negotiations in US

Fri, 04 Jan 2013 10:13:00 +3:30

Oil prices have soared in the Asian markets ahead of a last-minute effort in Washington for a new budget deal before the year-end deadline.

Minister: Two South Pars Phases to Come Online in Near Future

Fri, 04 Jan 2013 10:12:00 +3:30

Iran's oil minister announced that two phases of the South Pars gas field will come online by the end of the current Iranian calendar year (on March 20, 2013).

Iran Boosts Electricity Generation

Fri, 04 Jan 2013 10:11:00 +3:30

Iran hiked generation of electricity by 5.84% since the beginning of the current Iranian year (March 21).

US president signs ‘fiscal cliff’ bill into law

Thu, 03 Jan 2013 20:30:00 +3:30

US President Barack Obama has signed into law a bill backed by the Senate that averted the so-called fiscal cliff, the White House says.

West out of aces to play against Iran oil industry: Qasemi

Wed, 02 Jan 2013 20:34:00 +3:30

Iran Oil Minister Rostam Qasemi says Western governments imposing sanctions against the Islamic Republic’s energy sector have no more aces up their sleeve to play with.

Bangladesh seeks to increase exports to Iran

Wed, 02 Jan 2013 13:03:00 +3:30

The Bangladesh Export Promotion Bureau (EPB) has urged the country’s embassy in Tehran to take the necessary measures for boosting exports to the Islamic Republic.

Iran polymer production exceeds 6 million ton: official

Tue, 01 Jan 2013 23:12:00 +3:30

Managing Director of National Petrochemical Company (NPC) Abdolhossein Bayat says Iran’s polymer production has crossed 6.3 million tons (mt) a year with the operation of a newly-launched petrochemical plant in western Iran.

South Africa to keep importing Iran oil: Minister

Tue, 01 Jan 2013 23:11:00 +3:30

South Africa’s Energy Minister Dipuo Peters has stressed his country’s determination to continue its crude oil imports from Iran, despite the US-engineered sanctions against Tehran.

South Pars phases 15,16 to become operational in early 2013’

Mon, 31 Dec 2012 23:30:00 +3:30

A senior Iranian oil official says two phases of the South Pars gas field will be completed by the end of the current Iranian calendar year (ends March 20, 2013).

Iran sees 15-percent hike in private oil deliveries

Mon, 31 Dec 2012 23:29:00 +3:30

Head of the Union of Oil, Gas and Petrochemical Products Exporters says Iran’s private oil exports have increased 15 percent, which indicates ineffectiveness of Western sanctions against the country’s energy sector.

Iran sanctions harm energy supply to Turkey: Researcher

Mon, 31 Dec 2012 23:29:00 +3:30

A senior Turkish researcher says the US-led sanctions against Iran’s energy sector are causing problems for energy supply to his country.

55 Oil Industry Projects Coming Online This Year

Mon, 31 Dec 2012 14:34:00 +3:30

55 Mehr Mandegar (Lasting Kindness) oil industry projects, worth 21.5 billion dollars, will come online by the end of current Iranian calendar year, 20 March 2013.

Source: Iran's Crude Oil Output Hits 3.25mln bpd

Mon, 31 Dec 2012 00:24:00 +3:30

Informed sources refuted the western allegations that Iran's crude oil output has decreased, saying that the country's oil production has hit 3.25mln barrels per day.

'Iran gas production to increase by twofold in next three years'

Mon, 31 Dec 2012 00:23:00 +3:30

Iran Oil Minister Rostam Qasemi says the country's natural gas production will increase by more than twofold over the next three years.

‘South Pars phases 15,16 to become operational in early 2013’

Mon, 31 Dec 2012 00:23:00 +3:30

A senior Iranian oil official says two phases of the South Pars gas field will be completed by the end of the current Iranian calendar year (ends March 20, 2013).

Iran's non-oil exports exceed $31b in 9 months

Mon, 31 Dec 2012 00:22:00 +3:30

A senior Iranian customs official says the Islamic Republic conducted $71.2 billion in trade of non-oil goods with other countries during the first nine months of the current Iranian calendar year (started March 20).

Iran hits new record for gas exports to Turkey: Deputy oil min.

Mon, 31 Dec 2012 00:21:00 +3:30

Iran’s Deputy Oil Minister for Gas Affairs Javad Owji says the country’s daily gas exports to Turkey have for the first time topped 31 million cubic meters (mcm).

Ahmadinejad Opens Major Energy Projects in Southern Iran

Sat, 29 Dec 2012 12:31:00 +3:30

Iranian President Mahmoud Ahmadinejad on Saturday inaugurated two major energy projects in Pars Special Economic Energy Zone (PSEEZ) in the country's Southern city of Assalouyeh.

Japan says increased Iran crude imports

Fri, 28 Dec 2012 11:07:00 +3:30

Japan’s Finance Ministry says the Asian state more than doubled its crude imports from Iran in November compared with October.

Turkey will continue buying Iran gas: Energy minister

Thu, 27 Dec 2012 12:59:00 +3:30

Turkish Energy Minister Taner Yildiz says Turkey will continue buying natural gas from Iran despite sanctions imposed against the Islamic Republic by the West.

Iran Unveils New Oceangoing Vessel

Wed, 26 Dec 2012 21:24:00 +3:30

Iran on Wednesday unveiled a home-made oceangoing cargo vessel named Iran-Shahr-e-Kord.

IRGC starts drills in shared Iran-Qatar gas field

Wed, 26 Dec 2012 21:22:00 +3:30

The Islamic Revolution Guard Corps (IRGC) forces have launched a naval military exercise in the area of South Pars Gas Field in the Persian Gulf which is shared with Qatar.

Iran exports $1.3bn goods from South Pars

Wed, 26 Dec 2012 21:22:00 +3:30

Despite international sanctions, Iran has exported 1.578 million tons of goods worth USD1.3 billion from Pars Special Economic Energy Zone (PSEEZ) during the month ending December 20, 2012.

S Pars phases 15 and 16 to be pre-commissioned in Feb

Wed, 26 Dec 2012 21:22:00 +3:30

An Iranian contractor says gas refineries related to phases 15 and 16 of Iran’s giant offshore South Pars Gas Field will be pre-commissioned in February 2013.

Nothing can stop Iran-Russia trade: Russian official

Tue, 25 Dec 2012 23:44:00 +3:30

The Russian Chamber of Commerce and Industries says nothing could prevent the development of trade relations between Tehran and Moscow.

Iran, Iraq to finalize gas export deal soon: Iranian official

Tue, 25 Dec 2012 23:43:00 +3:30

Tehran and Baghdad are set to finalize a deal on gas exports from the Islamic Republic to Iraq in the near future, Iran’s Deputy Oil Minister Javad Oaji says.

Iran likely to terminate South Pars contract with China

Mon, 24 Dec 2012 23:40:00 +3:30

Iran has warned it will cancel a five-billion-dollar deal with a Chinese firm for developing Phase 11 of the giant South Pars Gas Field due to foot-dragging by the Chinese side.

Iran can earn $8 bln from every South Pars phase: Official

Mon, 24 Dec 2012 23:40:00 +3:30

Managing director of Pars Oil and Gas Company (POGC) says Iran can earn USD8 billion in revenue from every phase of the huge South Pars Gas Field.

Iran petrochemical nominal capacity to reach 66 mt

Mon, 24 Dec 2012 23:40:00 +3:30

Head of the National Petrochemical Company (NPC) says Iran is raising its nominal petrochemical production capacity from the current figure of 54 million tons (mt) to 66 mt.

Iran, Azerbaijan Plan to Set Up Joint Economic Zone

Sun, 23 Dec 2012 23:55:00 +3:30

Iran and Azerbaijan are determined to open a joint economic zone in Qoli Beiglou region, an Iranian provincial official said Sunday.

Oil Minister: Iran Launches International Oil Tankers Insurance Company

Sun, 23 Dec 2012 23:55:00 +3:30

Iranian Oil Minister Rostam Qassemi said that the country's oil industry has set up an international insurance company to insure the tankers carrying its crude shipments to customers worldwide.

Oil buyers must reject West sanctions on Iran energy: MP

Sun, 23 Dec 2012 23:54:00 +3:30

An Iranian lawmaker says Tehran expects friendly countries not to comply with the US-engineered sanctions against the Islamic Republic’s energy sector.

Oil Minister: OPEC to Hold Emergency Meeting If Prices Drop Below $100

Sun, 23 Dec 2012 23:54:00 +3:30

Iranian Oil Minister Rostam Qassemi ruled out the possibility of decreasing oil prices in the market below $100 per barrel, but meantime said if the prices fall to that level the Organization of Petroleum Exporting Countries (OPEC) will be called for an emergency meeting.

Intl. pressures not main reason for Iranian economic problems: poll indicates

Sun, 23 Dec 2012 19:31:00 +3:30

KhabarOnline:The majority of respondents to an opinion poll conducted by KhabarOnline don’t blame international pressures as the main reason for their economic problems.

Iran launches $106-million power project in Sri Lanka

Sat, 22 Dec 2012 13:35:00 +3:30

An Iranian private company has launched a USD106-million project in Sri Lanka to transfer electricity to 180,000 families in the rural areas of the South Asian country.

Iran electricity exports increase 38 percent

Fri, 21 Dec 2012 11:24:00 +3:30

Iran’s electricity exports to neighboring countries have risen more than 38 percent over the first nine months of the current Iranian calendar year (started March 20, 2012).

US sanctions on Iran are ineffective, culture minister says

Wed, 19 Dec 2012 12:45:00 +3:30

Iranian Minister of Culture and Islamic Guidance Seyyed Mohammad Hosseini says the illegal US-engineered sanctions imposed on Iran have proven ineffective.

Iran strongly supports its candidacy for taking over OPEC chief position

Mon, 17 Dec 2012 11:00:00 +3:30

The Iranian OPEC Governor, Mohammad Ali Khatibi says the Islamic Republic strongly supports its candidacy for assuming the position of the Organization of Petroleum Exporting Countries secretary-general.

Report: South African petrochemicals group Sasol will continue investing in Iran

Mon, 17 Dec 2012 10:59:00 +3:30

A report says South African petrochemicals group Sasol will continue investing in Iran, despite news last month pointing to the company’s potential disinvestment due to a possible risk of sanctions.

South Korea increases Iran crude oil imports

Sun, 16 Dec 2012 22:43:00 +3:30

South Korea imports of Iranian crude oil have increased 2.9 percent in November compared to a month ago despite West’s unilateral embargoes against Iran's oil and financial sectors.

Taiwan Resumes Buying Iranian Oil after 7-Month Moratorium

Sat, 15 Dec 2012 20:16:00 +3:30

Taiwan resumed purchase of Iranian oil and brought an end to the seven-months halt.

'Iran to boost exports to Iraq to USD12bn'

Sat, 15 Dec 2012 13:53:00 +3:30

Iran's Ambassador to Iraq Hassan Danaeifar says Tehran plans to export 12 billion dollars worth of goods to its western neighbor by the end the current Persian calendar year (ending March 20, 2013).

Figures show Iran has not reduced oil production: OPEC chief

Sat, 15 Dec 2012 13:52:00 +3:30

The secretary general of the Organization of Petroleum Exporting Countries (OPEC) says figures show that Iran has not reduced its oil production.

Iran Rejects Reports on Withdrawing Bid for OPEC's Top Post

Fri, 14 Dec 2012 20:24:00 +3:30

Iran categorically denied reports claiming that Tehran has withdrawn its candidacy for the post of secretary general of the Organization of Petroleum Exporting Countries (OPEC).

Iran Ups Non-Oil Exports despite Sanctions

Fri, 14 Dec 2012 20:24:00 +3:30

The value of Iran's non-oil exports has witnessed a 32% growth during the first seven months of the current Iranian year (March 20 - October 21), an Iranian trade official announced.

Some OPEC members have violated output ceiling agreement, Iran says

Wed, 12 Dec 2012 13:31:00 +3:30

Iranian Oil Minister Rostam Qasemi says some members of the Organization of Petroleum Exporting Countries (OPEC) have violated an agreed official production level of 30 million barrels per day (bpd).

Iran: OPEC to discuss market, next chief

Wed, 12 Dec 2012 13:31:00 +3:30

Iran’s Oil Minister Rostam Qasemi says the two main subjects of the market and the election of the Organization of Petroleum Exporting Countries (OPEC) next secretary-general are to be discussed at the 162nd (Ordinary) OPEC Meeting in Vienna.

Iran launches 2nd phase of largest Mideast combined cycle power plant

Wed, 12 Dec 2012 13:30:00 +3:30

Iran’s President Mahmoud Ahmadinejad has inaugurated the second phase of the largest combined cycle power plant in the Middle East.

Iran to demand OPEC reduce oil supply: Iran Oil Min.

Tue, 11 Dec 2012 23:00:00 +3:30

Iran's oil ministry says it will ask the Organization of the Petroleum Exporting Countries (OPEC) to decide on lowering its production during the upcoming ministerial meeting.

Iran signs $12bn in petrochemical contracts

Tue, 11 Dec 2012 10:38:00 +3:30

Iran says petrochemical contracts worth $12 billion have been signed during the current Iranian calendar year (started March 20, 2012).

Iran’s oil minister to attend OPEC ministerial meeting

Mon, 10 Dec 2012 20:34:00 +3:30

Iran’s Oil Minister Rostam Qasemi will participate in the 162nd regular ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) in Austria.

Iranian lawmaker dismisses US oil ban exemptions

Sun, 09 Dec 2012 23:36:00 +3:30

An Iranian lawmaker has dismissed the United States’ move to grant several countries exemptions from the illegal sanctions on Tehran.

Iran bans waivers prove world’s need for Iran oil: Iran MP

Sun, 09 Dec 2012 23:35:00 +3:30

An Iranian lawmaker says the United States’ move to grant several countries exemption from illegal sanctions on Tehran proves that the world needs Iran oil.

Lawmaker: US Waivers Proves Ineffectiveness of Ban on Iranian Oil

Sun, 09 Dec 2012 13:43:00 +3:30

The US decision to extend waivers to a number of countries over Iran's oil sanctions demonstrated that sanctions had no effect on Tehran, a senior Iranian legislator said.

Legislator: Even Western Nations Criticize Unfair Sanctions against Opponent States

Sun, 09 Dec 2012 13:43:00 +3:30

The sanctions engineered by the US and its Western allies against opponent countries are so unfair and illegal that they are even criticized and opposed by the people residing in the West, an Iranian legislator said.

Iran bans waivers prove world’s need for Iran oil: Iran MP

Sat, 08 Dec 2012 20:33:00 +3:30

An Iranian lawmaker says the United States’ move to grant several countries exemption from illegal sanctions on Tehran proves that the world needs Iran oil.

Several foreign firms active in Iran energy sector: GAO

Sat, 08 Dec 2012 13:48:00 +3:30

Several foreign energy firms are actively investing in Iran’s oil and gas sectors in defiance of the West’s embargoes against Tehran over the its nuclear energy program, an American supervisory body says.

Iran electricity exports to neighbors up by 40%

Fri, 07 Dec 2012 20:16:00 +3:30

Iran’s electricity exports to neighboring states have increased by about 40 percent as the Islamic Republic is helping them overcome regular power outages.

Transit of goods via Iran grows 22% in current year: Official

Thu, 06 Dec 2012 20:24:00 +3:30

Iranian deputy minister of roads and urban development says transit of goods via the country has increased 22 percent in the first eight months of the current Persian calendar year (started March 20, 2012).

Iran gas exports show 9.9-percent increase in 2011

Tue, 04 Dec 2012 23:14:00 +3:30

Iran’s natural gas exports exceeded 9.4 billion cubic meters (bcm) in 2011, up 9.9 percent from the year before, despite the Western sanctions against the Iranian energy sector, a new report says.

Turkey will continue buying Iranian gas: Erdogan

Tue, 04 Dec 2012 10:48:00 +3:30

Prime Minister Recep Tayyip Erdogan says Turkey will continue buying natural gas from Iran despite the sanctions imposed on the Islamic Republic by the West.

Iran to offer investment opportunities in China fair: Official

Mon, 03 Dec 2012 13:55:00 +3:30

Iran's deputy economy minister says the Islamic Republic will offer investment opportunities worth USD 50 billion during the Fourth China Overseas Investment Fair.

Iran, Pakistan discuss IP gas pipeline project

Mon, 03 Dec 2012 13:54:00 +3:30

Iran and Pakistan have discussed plans to develop Iran-Pakistan (IP) gas pipeline project, which will deliver natural gas from Pars Special Energy Economic Zone in Assaluyeh in the southern Iranian province of Bushehr to Pakistan.

Iran plans to build 500-MW power plant in Iraq

Sun, 02 Dec 2012 23:47:00 +3:30

Iran is planning to build a 500-megawatt power plant in Iraq, which will supply electricity to the country’s southern cities of Najaf and Karbala.

German banks asked to facilitate medicine sales to Iran

Sun, 02 Dec 2012 23:46:00 +3:30

Germany has called on its banks to authorize financial transactions with Iranian banks in a bid to ease restrictions on the sale of much-needed medicines to Iran.

Sanctions cannot stop Iran from moving forward: Cmdr.

Sun, 02 Dec 2012 23:46:00 +3:30

A senior Iranian commander says sanctions, crippling or otherwise, cannot stop the Islamic Republic from moving forward.

Oil Minister: Iran Producing 4mln Barrels of Crude

Sun, 02 Dec 2012 14:54:00 +3:30

Iran is now producing 4 million barrels of oil every day, Oil Minister Rostam Qassemi announced Sunday, adding that the country's gas production capacity has also risen to 600 million cubic meters a day.

Iran’s top Asian oil buyers after waiver extension on US sanctions

Sat, 01 Dec 2012 11:23:00 +3:30

Major Asian buyers of Iranian crude oil are looking for ways to continue oil imports from the Islamic Republic without reprisal from US authorities.

US Senate slaps new sanctions on Iran energy, shipping sectors

Sat, 01 Dec 2012 11:23:00 +3:30

The US Senate has approved a new round of sanctions against Iran's energy, port, shipping and shipbuilding sectors in its latest effort to mount economic pressure on the Islamic Republic over its nuclear energy program.

Ambassador: Iran will be able to overcome sanctions

Fri, 30 Nov 2012 11:06:00 +3:30

The situation in Iran emerged due to the sanctions imposed against it and is not so complicated that the country could not find a way out of it, Iranian Ambassador to Azerbaijan Mohsen Pak Ayeen told Trend on Wednesday.

Iranian oil tanker set to arrive in South Korea

Wed, 28 Nov 2012 20:26:00 +3:30

An Iranian supertanker is scheduled to arrive at Daesan port as South Korea continues to import oil from the Islamic Republic despite Western sanctions against Iran’s energy sector.

Iran, Azerbaijan Stress Cooperation in Environment Protection

Tue, 27 Nov 2012 23:36:00 +3:30

Iran's Envoy to Azerbaijan Mohsen Pakayeen and Azerbaijani Minister of Ecology and Natural Resources Huseyngulu Baghirov in a meeting in Baku on Tuesday discussed expansion of the two countries' cooperation in area of environment.

South Pars to become fully operational by 2015: Official

Mon, 26 Nov 2012 12:58:00 +3:30

A senior Iranian lawmaker says all the 28 phases of Iran’s giant offshore South Pars gas field will have become operational by March 2015.

Official: Iran Operating World's Largest Floating Oil Terminal in Persian Gulf

Mon, 26 Nov 2012 12:57:00 +3:30

Iran is running the world's largest floating oil terminal in the Persian Gulf near Bahregan field in Bushehr province, an oil official said, adding that the country can export over 2.2 million barrels of crude using the terminal.

Iran to surpass Qatar in South Pars gas production

Sun, 25 Nov 2012 23:52:00 +3:30

A senior Iranian energy official says the country plans to surpass Qatar in gas production from the massive offshore South Pars gas field, which is shared by the two countries.

Iran to increase oil storage capacity in Persian Gulf

Sun, 25 Nov 2012 23:52:00 +3:30

A senior Iranian energy official says the country will increase its oil storage capacity in the Persian Gulf by 8.1 million barrels with the construction of new storage facilities.

Iran will earn USD 400 billion from joint gas fields: Oil minister

Sun, 25 Nov 2012 13:44:00 +3:30

Iran’s Oil Minister Rostam Qasemi says Iran’s South Pars and other shared gas fields will generate an annual income of UDS 400 billion for the country after completion.

Iran urges use of alternative currencies in global trade

Fri, 23 Nov 2012 12:31:00 +3:30

Governor of the Central Bank of Iran (CBI) Mahmoud Bahmani has called for the use of local currencies in the global trade system as alternative to dominant tenders.

Iran Boosts Power Supplies to Neighboring Countries

Wed, 21 Nov 2012 11:16:00 +3:30

Iran's electricity exports to the neighboring countries showed more than 40 percent rise during March 20-November 20 period compared with the corresponding period last year.

Seoul to increase cooperation with Iran

Sun, 18 Nov 2012 23:03:00 +3:30

South Korea’s Foreign Minister Kim Sung-hwan says Seoul plans to increase cooperation with Iran, despite the US-led sanctions imposed against the country.

Iran Oil Ministry signs biggest drilling deal with domestic company

Sun, 18 Nov 2012 23:03:00 +3:30

Iran's Oil Ministry has signed the biggest contract for drilling wells in the country's joint oil and gas fields in the Persian Gulf with a domestic company.

Iran builds major oil treatment facility in Kharg Island

Sun, 18 Nov 2012 23:03:00 +3:30

Operations have begun for the construction of Iran’s largest crude oil processing facility in the Persian Gulf island of Kharg, a senior oil official says.

VP: Iran Ready to Boost Trade Exchanges with Turkey to $30bln

Sun, 18 Nov 2012 23:02:00 +3:30

Iranian Vice-President for International Affairs Ali Saeedlou voiced Tehran's readiness to boost the volume of its trade transactions with Ankara to $30bln.

Qasemi: Iran may respond to sanctions in kind

Thu, 15 Nov 2012 11:09:00 +3:30

Iran has warned that it may impose sanctions against the US and the European Union in the event that they keep up their illegal unilateral bans against the Islamic Republic.

Iran's exports of power-related services to hit $6bn: Minister

Wed, 14 Nov 2012 09:49:00 +3:30

Iranian Energy Minister Majid Namjou says Iran’s exports of electricity-related technical and engineering services will reach USD 6 billion by the end of the current Iranian year (ending March 20, 2013).

IEA confirms Iran’s oil production boost

Tue, 13 Nov 2012 22:56:00 +3:30

International Energy Agency (IEA) has confirmed increase in Iran’s crude oil production in spite of international sanctions on the Islamic Republic’s energy sector.

Iran to Build Several Oil Reservoirs, Refineries in Venezuela

Mon, 12 Nov 2012 13:42:00 +3:30

Iran inked several agreements with Venezuela to build a number of oil reservoirs and refineries in the Latin American country.

Trade Official: Iran to Turn West's Sanctions into Opportunity

Sun, 11 Nov 2012 13:13:00 +3:30

A senior Iranian trade official downplayed the impacts of sanctions against Tehran by the Western countries, saying that Iranians will change pressures and embargos into opportunities to ensure continued trend of their country's developing economy in all arenas.

Global hegemony has more to lose from sanctions: Iran MP

Sat, 10 Nov 2012 20:37:00 +3:30

Iranian Deputy Majlis Speaker Mohammad Hassan Aboutorabi-Fard says the global hegemonic system will suffer the most from sanctions imposed on Iran’s oil industry and banking sector.

Metal Exports from East Azarbaijan Province Up by 24%

Sat, 10 Nov 2012 14:45:00 +3:30

Iran's East Azarbaijan province increased metal exports to foreign countries by over 24% during the first 7 months of the current Iranian year (started on March 20) compared with the same period last year, a senior provincial official announced on Saturday.

Global hegemony has more to lose from sanctions: Iran MP

Fri, 09 Nov 2012 20:37:00 +3:30

Iranian Deputy Majlis Speaker Mohammad Hassan Aboutorabi-Fard says the global hegemonic system will suffer the most from sanctions imposed on Iran’s oil industry and banking sector.

Iran, Armenia start building joint hydro-electric power plant

Thu, 08 Nov 2012 20:17:00 +3:30

Iran and Armenia have started the construction of a joint hydro-electric power plant (HPP) on the Aras River, which borders the two countries.

Supporters of Iran sanctions lose most: Iran official

Thu, 08 Nov 2012 20:17:00 +3:30

Chairman of Iran Chamber of Commerce, Industries and Mines (ICCIM) Mohammad Nahavandian says the countries which have imposed sanctions against Iran are suffering the greatest losses.

Iran Ends Pipeline Laying for South Pars Phase 19

Thu, 08 Nov 2012 13:06:00 +3:30

Iranian experts on Wednesday announced remarkable progress in the development of the Phase 19 of the South Pars gas field, saying that they are now through with laying the first under-sea pipeline of the project.

Report: Iran's Energy Industry Flourishing despite Sanctions

Tue, 06 Nov 2012 23:16:00 +3:30

A well-known oil and energy news website underlined Iran's growing power exports and revenues despite the western sanctions imposed against the country's energy sector, saying that the growth stymies Washington's efforts to squeeze Iran's economy.

Iran to build oil pipeline to Afghanistan: Iranian official

Tue, 06 Nov 2012 23:15:00 +3:30

The Iranian deputy oil minister says the Islamic Republic and Afghanistan have agreed to build a pipeline in order to facilitate the exports of Iran’s oil products to its eastern neighbor.

Iran remains electricity exporter despite sanctions: Report

Tue, 06 Nov 2012 23:15:00 +3:30

A specialized energy website has acknowledged the ineffectiveness of international sanctions against the Islamic Republic, saying Iran continues to remain a net exporter of electricity.

Iran Ups Exports of Steel Products

Mon, 05 Nov 2012 20:18:00 +3:30

Exports of Iran's steel products increased by $57mln during the first seven months of the current Iranian year (March 20 - October 21, 2012).

German-Iranian trade relations booming under Ahmadinejad: Report

Mon, 05 Nov 2012 13:03:00 +3:30

A new report says trade relations between Iran and Germany are “booming” despite sanctions imposed against the Islamic Republic by the US and the European Union.

Iran’s installed petrochemical capacity to hit 100bn tons

Mon, 05 Nov 2012 13:03:00 +3:30

Iranian Oil Minister Rostam Qasemi says Iran’s installed petrochemical capacity will hit 100 billion tons by the end of the country’s Fifth Five-Year Development Plan (March 2010-March 2015).

South Pars gas production to reach 1.4 bcm: Iran oil minister

Mon, 05 Nov 2012 13:02:00 +3:30

Iran’s Oil Minister Rostam Qasemi says the country's natural gas production from South Pars gas field will hit 1.4 billion cubic meters (bcm) per day by March 2016.

Official: Iran to Export Gold, Jewelry to Russia

Sun, 04 Nov 2012 13:45:00 +3:30

Russian businessmen demanded Iranian traders to boost exports of Iran-made gold and jewelry to their country despite the US-led western sanctions imposed on trade with Iran, an Iranian official said.

Minister Warns of Dire Consequences of Iran Oil Sanctions for Global Market

Sat, 03 Nov 2012 19:22:00 +3:30

Iranian Oil Minister Rostam Qassemi warned that sanctions against Iran's oil exports would hike crude prices in the world market, which will, in turn, have devastating consequences for western economies.

Iran becomes Turkey’s third biggest business partner

Sat, 03 Nov 2012 13:21:00 +3:30

Recent statistics show that the Islamic Republic of Iran was the third major trade partner of Turkey in the first three quarters of 2012.

Iran Ups Exports of Industrial Products

Fri, 02 Nov 2012 19:38:00 +3:30

Iranian Deputy Minister of Industry, Mine and Trade Safdar Rahmatabadi announced that the country has increased exports of industrial products irrespective of the sanctions imposed by the West on Iran's economy.

Iran’s crude oil exports to India climb 53%

Fri, 02 Nov 2012 09:41:00 +3:30

Newly released data indicate that Iran’s oil exports to India have increased 53 percent in September despite West’s unilateral embargoes against Iranian oil and financial sectors.

Export of Iran’s industrial products increases 40%

Fri, 02 Nov 2012 09:41:00 +3:30

Export of Iran’s industrial products has risen 40 percent in the first half of the current Persian calendar year (started March 20, 2012), despite the West’s embargoes against Tehran, a senior Iranian official says.

Investment in Iran oil sector will exceed $40b by March: Oil min.

Tue, 30 Oct 2012 22:42:00 +3:30

Iran’s Oil Minister Rostam Qasemi says investment in the country’s oil sector is forecasted to reach USD 40 billion in the current Iranian calendar year (ends March 20, 2013), in spite of tough Western sanctions against the Islamic Republic.

Senior MP: Sanctions Persuade Iran to Decrease Dependence on Oil Revenues

Mon, 29 Oct 2012 19:33:00 +3:30

A senior Iranian lawmaker underlined the positive outcomes of sanctions and pressures on Iranian economy and oil sector, saying that pressures and embargos pave the way for Iran to reduce its dependence on oil revenues.

Oil sanctions on Iran to worsen global market: US

Mon, 29 Oct 2012 19:32:00 +3:30

The US Energy Department has warned that imposing oil embargoes on Iran would aggravate the dire conditions of the global oil market by widening the gap between supply and demand.

Minister: Iran to Become Exporter of Steel Ingots

Sun, 28 Oct 2012 23:23:00 +3:30

Iranian Industries, Mines and Trade Minister Mehdi Qazanfari said Iran will soon become a steel ingots exporter after several steel projects which are currently under construction launch operation.

Iran condensate exports from South Pars exceed $1b

Sun, 28 Oct 2012 23:22:00 +3:30

Iran has exported more than one billion dollars worth of gas condensate from the giant offshore South Pars gas field in the month ending October 21, a senior customs official says.

Sri Lanka's only refinery closes due to US sanctions against Iran

Sun, 28 Oct 2012 23:21:00 +3:30

Sri Lanka has closed down its only refinery, Sapugaskanda, as the sanctions imposed against Iran’s energy sector by the US have taken a toll on the South Asian country’s crude imports.

Halting Iran crude oil exports to increase intl. oil prices: Iran MP

Sat, 27 Oct 2012 19:29:00 +3:30

An Iranian lawmaker says halting the Islamic Republic’s crude oil exports by imposing sanctions on the country's oil sector will greatly increase oil prices in international markets.

Intelligence Minister says Iranian currency market saboteurs arrested

Sat, 27 Oct 2012 13:12:00 +3:30

The Iranian Minister of Intelligence Heydar Moslehi said the saboteurs of the country's foreign currency market involved in the dramatic rise of foreign exchange were arrested.

Iranian Automaker Seeking to Strengthen Presence in Global Market

Sat, 27 Oct 2012 13:10:00 +3:30

Iran's largest car manufacturer, Iran-Khodro Company (IKCO), aims to boost up annual production by 10 percent and domestic market share to 54 percent, the company's vice-president said.

MP Denies Disagreement between Iran, Turkey over Exports of Natural Gas

Sat, 27 Oct 2012 13:10:00 +3:30

There is no disagreement between Tehran and Ankara over the supply of Iran's natural gas to Turkey, a senior Iranian lawmaker said, and stressed that Iran will resume gas exports to Turkey soon.

Iran will resume gas exports to Turkey: Iran MP

Fri, 26 Oct 2012 18:17:00 +3:30

A senior Iranian lawmaker says Iran’s gas exports to Turkey, which were disrupted due to a pipeline blast in the northeastern part of the importing country, will be resumed.

World cannot do without Iran oil: Iranian official

Fri, 26 Oct 2012 11:30:00 +3:30

Iran's Oil Ministry Spokesman Alireza Nikzad-Rahbar says the Islamic Republic will reciprocate any further Western sanctions against the country, adding that the Iranian crude is indispensable to the world energy markets.

Iran may use oil to counter EU hostilities: Iranian lawmaker

Fri, 26 Oct 2012 11:29:00 +3:30

In the wake of the European Union (EU)’s illegal sanctions on Iran over its nuclear energy program, a senior Iranian lawmaker says the Islamic Republic will use oil to counter the hostilities of the 27-nation bloc.

Official: Iran Exports Non-Oil Products to Over 149 Countries

Thu, 25 Oct 2012 19:24:00 +3:30

A senior Iranian official underlined Tehran's intention to further reduce its dependence on oil revenues, and said the country is exporting its non-oil products to over 149 world states now.

Official: Ban on Imports of Luxury Goods Necessary for Iran

Thu, 25 Oct 2012 19:23:00 +3:30

A senior Iranian official underscored the necessity for banning the imports of luxury goods to Iran in a bid to spend oil revenues for the country's development and progress.

Ahmadinejad Stresses Necessity for Controlling Currency Market

Thu, 25 Oct 2012 19:23:00 +3:30

Iranian President Mahmoud Ahmadinejad expressed displeasure with the recent fluctuations of foreign currency rates in Iran, and ordered a newly-founded economic team in the government to control the currency market.

Former Oil Minister Warns EU to Avoid Stubborn Attitude towards Iran

Wed, 24 Oct 2012 19:20:00 +3:30

Former Iranian Oil Minister Massoud Mir-Kazzemi on Wednesday said the country can use its crude supplies as a leverage against the European Union if the EU continues its obstinate behavior towards Iran.

Iran will halt oil exports if sanctions tightened, oil minister says

Wed, 24 Oct 2012 07:28:00 +3:30

Iranian Oil Minister Rostam Qasemi says Tehran will halt oil exports if more sanctions are imposed on the country.

Iran’s private sector to export new oil shipments: Official

Tue, 23 Oct 2012 23:40:00 +3:30

A senior Iranian energy official says the country’s private sector will soon export several new oil consignments to international markets despite the illegal US-led sanctions against the country.

Iran oil production unchanged at 4 million bpd: Oil Minister

Tue, 23 Oct 2012 23:38:00 +3:30

Iranian Oil Minister says Iran produces 4 million barrels per day (bpd) of oil, denying reports that the country’s oil production and export level have been affected by Western sanctions.

Iran Produces over 10mln Tons of Steel in 9 Months

Tue, 23 Oct 2012 13:25:00 +3:30

Iran has produced ten million tons of steel in the first 9 months of 2012, a report by an international body said.

Over 90% of Isfahan Refinery Parts Produced in Iran

Tue, 23 Oct 2012 13:25:00 +3:30

Over 90% of the parts and equipments used in Isfahan refinery in Central Iran are produced by Iranian experts in Isfahan province, a senior official of the refinery said on Tuesday.

Iran marks national export day/video clip

Mon, 22 Oct 2012 08:56:00 +3:30

Iran has celebrated the Day amid sanctions; the ceremony is aimed at appreciating efforts to promote non-oil exports as a result of economic growth.

Explosion rocks Iran’s gas export pipeline in Turkey

Mon, 22 Oct 2012 08:54:00 +3:30

A blast has hit a pipeline carrying natural gas from Iran to Turkey in the in the Turkish northeastern province of Agri, local authorities say.

Iran gas flow to Turkey will resume soon: Turkish energy minister

Sun, 21 Oct 2012 23:47:00 +3:30

Turkish Energy Minister Taner Yildiz says Iran’s gas exports to Turkey, which were disrupted earlier after a blast in the eastern part of the importer country, will be resumed soon.

Iran, Egypt Start Trade Relations with Citrus Flavor

Sat, 20 Oct 2012 13:21:00 +3:30

Iran and Egypt which have experienced the bitter taste of low-level ties for over 30 years, started their trade relations by an agreement to exchange the products of the two countries' bounteous citrus orchards.

Lawmaker Downplays Significance of New EU Sanctions against Iran

Fri, 19 Oct 2012 18:22:00 +3:30

The unilateral sanctions against Tehran by the European Union are not a new development, a senior Iranian lawmaker said, and stated that the West is imposing pressure on the Iranian people for their resistance against enemies.

Iran, Turkey Enjoy Good Ties, Cooperation despite Differences on Syria

Fri, 19 Oct 2012 10:03:00 +3:30

Iran dismissed recent media reports that relations between Tehran and Ankara have darkened due to their different positions on the Syrian crisis, and said good ties and cooperation between the two neighbors continue like the past.

EU sanctions on Iran, target European countries: Ahmadinejad

Thu, 18 Oct 2012 19:18:00 +3:30

Iranian President Mahmoud Ahmadinejad says illegal sanctions that the European Union (EU) has imposed on the Islamic Republic are akin to double-edged sword which has left Europe worse off.

Iran's Private Oil Firms Plan to Sue EU

Thu, 18 Oct 2012 10:48:00 +3:30

Iran's private oil firms plan to file a lawsuit at international courts against the unilateral sanctions imposed by the European Union which harden or bar the country's oil trade with other nations, sources revealed on Wednesday.

US seeks to topple Iran govt. through sanctions: US columnist

Wed, 17 Oct 2012 09:19:00 +3:30

A veteran US journalist argues that by ramping up pressure on Iran under the pretext of military diversion in its peaceful nuclear energy program, the United States is practically after toppling the Islamic establishment.

Anti-Iran sanctions hurt global economy: Political analyst

Wed, 17 Oct 2012 09:19:00 +3:30

A political analyst says US-led sanctions imposed on Iran have an undesirable impact on international business and hurt the global economy, Press TV reports.

EU withdraws from banning Iran gas

Wed, 17 Oct 2012 09:09:00 +3:30

Almost 24 hours after the European Union (EU) imposed new sanctions on Iran's gas exports, the EU's officials began to discuss on exempting Norwegian Statoil ASA company from ban on importing Iranian liquefied petroleum gas (LPG) and other gas products.

Iran Raps US, EU Unilateral Sanctions as Illegal, Inhuman

Tue, 16 Oct 2012 22:57:00 +3:30

Iran on Tuesday lashed out at the US and EU for their 'illegal and inhuman' sanctions against Tehran, saying that pressures are targeted at the Iranian people and not the government.