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