NIDC Drills 17 Oil, Gas Wells in 2 Months

The Director of Integrated Planning of the National Iranian Drilling Company said the company has completed drilling operations for 17 oil and gas wells in the first two months of the current Iranian calendar year which began on March 21.

Iran Petchem Revenues at $10b in 1399

The CEO of the National Petrochemical Company (NPC) said the country generated $10 billion in petrochemical export revenue in the previous calendar year which ended on March 20.

NISOC Mulls Unprecedented Production Boost: CEO

The CEO of the National Iranian South Oil Company (NISOC) said: "Increasing oil production capacity is on the agenda of this company, which is the most targeted plan on production enhancement over the past 20 years.”

Petropars to Boost South Azadegan Oil Output by 10,000b/d

The CEO of Petropars Group said it has recently signed a contract with Dana Energy Company for drilling 10 new wells in South Azadegan Joint field.

Qeshm Island to be connected to national gas network by Mar. 2023

The managing director of Hormozgan Province Gas Company said Qeshm Island is going to be connected to the national gas network by the end of the Iranian calendar year 1401 (March 20, 2023), Shana reported.

Steel industry in full swing

Iran’s crude steel production reached 18.625 million tons in the first eight months of 2020 to register an 11.3-percent increase year on year, Mehr news agency reported.

Hendijan oil field’s 2nd 1000-ton platform successfully installed

Platform 7 of Iran’s Hendijan oil field was successfully installed on its designated offshore spot in the Persian Gulf.

Free trade is Iran’s right: NITC head

The Head of National Iranian Tanker Company (NITC) said that free trade is Iran’s right and no power can intervene in the country's exports and imports, IRNA reported on Tuesday.

Iran exports over 18,000 tons of goods to Iraq through Mehran border

Iran has exported 18,884 tons of commodities to Ira through Mehran border since the beginning of the current Iranian calendar year (March 20), IRNA reported quoting an official as saying on Tuesday.

Iran, Russia to launch cargo shipping line in September

Iran and Russia are going to launch a permanent container shipping line in the Caspian Sea by September to expand mutual trade, a member of Iran-Russia Joint Chamber of Commerce said.

First-time jobless claims fall below 1 million for the first time since March

Another 963,000 Americans filed for regular first-time unemployment benefits last week on a seasonally adjusted basis — the first time in five months that number has dipped below 1 million, the Department of Labor said Thursday.

UK crashes into deepest recession of any major economy

UK economic output shrank by 20.4% in the second quarter of 2020, the worst quarterly slump on record, pushing the country into the deepest recession of any major global economy.

Majlis disapproves of government’s plan to sell oil bonds: MP

The Majlis (Iranian parliament) disapproves of a plan proposed by the government that is said to bring about an “economic breakthrough” for the country through selling oil bonds, MP Hossein-Ali Haji Deligani told the Tehran Times.

Offering of shares through 2nd ETF to start on August 26

Iranian finance and economic affairs minister announced that offering of shares through the country’s second exchange-traded fund (ETF) will be started on the first Wednesday of the next Iranian calendar month (August 26).

Oil bonds seen to make ‘economic breakthrough’

President Hassan Rouhani announced that the heads of the three branches of the government, namely the executive, legislative and judicial powers, would make decision on a plan that would bring about an “economic breakthrough” for the country.

Total items: 726 in 49 pages