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.
TEHRAN- The managing director of Iran’s National Petrochemical Company (NPC) said that six major projects will be put into operation in this sector by the end of the current Iranian calendar year (March 20, 2022).
Within the month ending on 21 June 2021, the IME witnessed trade of more tham 3,623,000 tonnes of commodities with a total trading value of almost 1,880 million USD, showing 22% and 8% of growth in volume and value of trades respectively.
Nuclear talks are still ongoing and there are some hopes that Iran and the United States may find common ground and return to compliance with the accord. Currency market and oil market are among those which may be most affected if the agreement is revived.
President of the Islamic Republic of Iran Customs Administration (IRICA) announced that the country exported $5.6 billion worth of non-oil goods and commodities to foreign countries from March 21 to May 15, 2021.
An Iranian deputy minister has described Armenia’s market as a special opportunity for Iran’s small and medium-sized enterprises active in exporting foodstuff, home appliances and dried fruits.
Re-imposition of the US sanctions on Iran’s oil export between 2018 and 2020, decreasing oil revenues by 91 percent and removing more than 98.5 billion dollars of the income, but the Iranian administration succeeded in running the Islamic country without oil revenues.
Iran’s Ports and Maritime Organization CEO Mohammad Rastad said on Thursday that three wharf posts in Shahid Rajaei port were launched for the oil tankers to dock which facilitates oil exports.
President Hassan Rouhani said in the inauguration ceremony of several national projects on Thursday that the surge in production was never halted even during the economic war imposed by the US and the global Coronavirus pandemic.
The Managing Director of Iranian Offshore Oil Company (IOOC) said that upon the completion of the installation project of the giant offshore rigs, drilling and repairing of oil wells has started in the Forouzan joint oilfield with the purpose of increasing oil extraction.
Head of Iran’s Trade Promotion Organization Hamid Zadboum said that holding the first Eurasia Expo in Iran is a good opportunity to facilitate free trade talks with members of the Eurasian Economic Union.
Mehdi Bakhshandeh, head of Chamber of Commerce of the Iranian northern province of Qazvin, said on Saturday that Serbia serves as a gateway for Iranian goods to Eastern Europe.
OPEC and its allies abruptly called off their July 5 meeting, after a flurry of mediation efforts failed to resolve a Saudi-UAE standoff, raising the risks that the producer group could steer the market into a supply squeeze if it sticks to current quotas -- or potentially a bruising price war if the coalition collapses.