Economy - Iranian Oil Minister Bijan Namdar Zanganeh underlined his ministry's determination to boost the country's gas condensates production through several projects in the Southern province of Bushehr.
Economy - During last 5 month, more than 8 million tons of commodities were traded with the total value of 199,000 billion IRR (7 billion and 484 million USD) which shows a 136 percent increase comparing to the same period of last year.
Pakistani Finance Minister Eshaq Dar said that the proposed plan for import of additional 1,000MW from Iran fit well with the government’s comprehensive energy plan currently under preparation to address power shortages
Economy - An Iranian energy official underlined that construction of more storage facilities has always stood atop the oil ministry's agenda, and said Iran's oil products storage capacity will reach 13 billion liters (bl) after the completion of some relevant projects in a bid to maintain balance in supply and demand.
Economy - An Iranian official played down effectiveness of sanctions against the country's oil industry, and praised oil experts for the unsparing efforts they have made to manufacture the country's first desalination plant's part which is to be inaugurated soon.
Economy - China and India, as two giant sulfur consumers in Asia, prefer to supply sulfur from Iran's Shaheed Hasheminejad Refinery due to its better quality compared with rival products of other refineries in the continent, the refinery's executive manager announced.
Economy - Iran's gas exports to Turkey will soon double after its project for strengthening gas pressure facilities in the Northwestern border city of Tabriz is accomplished, an official announced on Saturday.
Economy - Managing Director of the National Iranian Petrochemical Company (NIPC) Abbas Sheri Moqaddam said Iran’s petrochemical production will reach 180mln tons a year once new projects come into operation.
Economy - Iran is working hard to supply more Euro-4 grade gasoline across the country, including in the Lavan Oil Refinery, in order to help reduce air pollution in large cities, an Iranian oil official said.
Economy - Italy's economy is suffering from the negative impacts of the unilateral sanctions imposed against Iran, a report by the Sace Insurance Company said, adding that over 15bln euros of losses in the country's exports to Iran in the past few years testifies to the claim.