$1.2b of oil revenue deposited in NIMA System since Dec. 22

The economic spokesman of the administration said since December 22, a total of $6.2 billion of hard currency has been offered in the NIMA system, of which $1.2 billion is from the sale of crude oil and $1.7 billion from petrochemical sales.

Iran Potential Oil Output at 7.4mbd: Economist

The head of the economic group of the Supreme Leader's Office stated that Iran has the ability to reach the crude oil daily production capacity of 7.4 million barrels, saying: “We are an oil country, we cannot lag behind the countries that are planning to increase their production capacity.”

Iran Bracing to become Regional hub for Russian Gas

A senior energy expert says following the Ukraine war, Iran has the chance to use Russia’s excess gas export capacity to become a regional hub for the item.

Oil, Most Attractive Area of Investment in Iran: Expert

An expert in energy economics considered the oil industry to be the most attractive area of investment in Iran, and said: “We hope that the agreement with Russia will reach the stage of signing favorable contracts for the country, but we should look for other interested investors to be present in Iran with active energy diplomacy.”

Di Aria Polymer Officially Online

Di Aria Polymer (Khomein Petrochemical Plant) was officially inaugurated in the presence of Deputy Minister of Petroleum and the CEO of National Petrochemical Company.

Alumina powder production up 11% in 3 months on year

Production of alumina power in Iran rose 11 percent in the first three months of the current Iranian calendar year (March 21-June 21), as compared to the same period of time in the past year, according to the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Iran’s 4-month non-oil exports increase 22% yr/yr

The value of Iran’s non-oil exports reached $17.24 billion in the first four months of the current Iranian calendar year (March 21-July 22), up 22 percent compared to the last year’s same period, according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).

Iranian Oil Minister Hails IRGC Navy for Taking Back Oil Cargo from US

Iranian Oil Minister Javad Oji lauded the Islamic Revolution Guards Corps (IRGC) naval forces for saving an Iran-owned oil cargo stolen by the US in the Sea of Oman.

Oil Minister: Iran, Algeria to Continue Cooperation in GECF, OPEC

Iranian Oil Minister Javad Owji underlined that his country will continue its cooperation with Algeria in Gas Exporting Countries Forum (GECF) and the Organization of the Petroleum Exporting Countries (OPEC) will continue as before.

Iran’s president says the capacity of Bushehr nuclear power plant to be tripled

Iranian President Ebrahim Raisi voiced his satisfaction that Bushehr power plant is being operated at its maximum nominal capacity and generates 1,000 megawatts of electricity.

$Russia\'s oil, gas companies interested in making investments in Iran$

Russia's oil, gas companies interested in making investments in Iran

A group comprised of Russian state oil and gas companies in a meeting with deputy oil minister in gas affairs here on Monday expressed interest in making investments in Iranian gas industries.

Over 96,000 tons of alumina powder produced in 5 months

Iran has produced 96,400 tons of alumina powder during the first five months of the current Iranian calendar year (March 21-August 22).

President Raisi visits oil rich Bushehr Province

Iranian President Ebrahim Raisi visited the oil-rich Bushehr province on Friday heading a high-ranking delegation comprised of six ministers, Shana reported.

British Industry Warns of Factory Closures without Help on Fuel Costs

Britain's most energy intensive manufacturers, including producers of steel, glass, ceramics and paper, warned the government that unless something is done about soaring wholesale gas prices they could be forced to shut down production.

POGC to begin new drilling operations in South Pars gas field

Iran’s Pars Oil and Gas Company (POGC), which is in charge of developing the country’s giant South Pars gas field in the Persian Gulf, is preparing to begin new drilling operations in this field, an official with the company announced.

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