Iran Opens Major Energy Port on Persian Gulf

Iran’s Oil Ministry brought online a major port on the coasts of the Persian Gulf to expedite exports of petroleum products from the South Pars giant energy hub.

Transit of goods via Iran’s land borders rises 95%

Transit of goods via Iran’s land borders has risen 95 percent during the first four months of the current Iranian calendar year (March 21-July 22), as compared to the same period of time in the past year, the head of Islamic Republic of Iran Customs Administration (IRICA) announced.

Capital market realizes over $161b of financing in a year

Iranian Minister of Finance and Economic Affairs Farhad Dejpasand has said the capital market realized 6.8 quadrillion rials (over $161.9 billion) of financing in the previous Iranian calendar year (ended on March 20).

Major projects inaugurated in South Pars

With the completion of all 37 offshore platforms of Iran’s giant South Pars gas field, which the country shares with Qatar in the Persian Gulf, the offshore sector of the field was officially inaugurated by President Hassan Rouhani on Sunday.

NISOC’s oil desalination plant in southern Iran to go operational by Mar. 2022

The director of engineering and construction at the National Iranian South Oil Company (NISOC) announced that the company’s crude oil desalination plant has reached progress of more than 90 percent and is expected to go operational in the current Iranian calendar year (ends on March 20, 2022).

Iran’s foreign debt falls 4.3%: CBI

The latest report published by the Central Bank of Iran (CBI) puts the country’s foreign debt at $8.744 billion at the end of the first quarter of the current Iranian calendar year (June 20), down 4.35 percent from $9.142 billion at the end of the previous year, IRIB reported.

Jask oil terminal’s storage capacity to be increased

The director of the Goreh-Jask oil transfer project’s storage tanks said that according to the planning done for Makran region, 10 million barrels of storage capacity will not definitely meet the need in the future, so increasing storage capacity in the second and third phases is inevitable.

$Supreme Leader calls on next gov\'t to solve Khuzestan water problem$

Supreme Leader calls on next gov't to solve Khuzestan water problem

Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei called on the upcoming government to do its best to resolve the water crisis of the southwestern province of Khuzestan.

Iran’s Navy warships dock at Saint Petersburg, Russia

Iran Navy’s Sahand and Makran warships arrived at Saint Petersburg, Russia on Saturday to take part in Russian Navy parade.

Rouhani: Goreh-Jask pipeline, strong response to conspirators

President Hassan Rouhani said the inauguration of the Goreh-Jask oil pipeline project which is a source of pride for the Iranian oil industry was a strong and firm response to all conspirators, especially the United States.

Rouhani inaugurates Goreh-Jask crude oil transfer project

President Hassan Rouhani on Thursday morning inaugurated the national crude oil transfer project from Goreh to Jask in the Persian Gulf via video conference.

Iran, China trade capacity could reach $60b

Head of Iran-China Chamber of Commerce Majidreza Hariri said that trading between the two countries stood at an annual 60 billion dollars before the US sanctions against Iran, stressing that the figure could be easily achieved again if the US sanction are removed.

99% increase in gas extraction from South Pars field

The gas extraction from the South Pars gas field reached 183 billion cubic meters in the last Iranian year (ended March 20, 2021), showing a 99 percent growth compared to around 92 billion cubic meters in 2013.

Croatia, Iran review economic cooperation

Croatian minister of economy and Iranian ambassador in Zagreb held talks on the ways to boost economic ties between the two countries.

Iran starts oil export from Jask terminal

TEHRAN- Iran started pumping oil into Goreh-Jask strategic pipeline on Thursday. The project was officially inaugurated by a direct order from President Hassan Rouhani via videoconference.

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