Economy

According to the report of Petroleum Ministry website on Saturday, in May Iran exported around 300,000 barrels of gas condensates and around 2.4 million barrels a day of crude oil.Iran's export of crude oil in May is over average, because of repairing domestic refineries.Over last year (1396) Iran exported 2.115 …

The average price of Iran's light oil increased 43 cents in the week ending May 25 to reach 77.03 dollars per barrel, the official website of Iran's Petroleum Ministry announced on Saturday. The average price of Iranian oil since the beginning of the current year has been 67.41 dollars per …

'The EU is to issue new instructions as to work with Iran and counter the US extraterritorial sanctions on the EU companies in a few weeks,' said Cyrus Mahdipour.He also said that the UK government is a supporter of the Joint Comprehensive Plan of Action, though its traditional ally, the …

Speaking to IRNA, he said Yerevan requires Iran's supports in resolving various domestic and international issues such as Karabakh.Yerevan always believes the issue in Karabakh should be resolved through negotiations.1430**2050Follow us on Twitter@IrnaEnglish www.irna.ir

Japan had an exemption from the US and EU-led sanctions regime earlier in the decade, Hirota said Saturday in Baku, Azerbaijan. 'We continued to import about 170,000 b/d from Iran and now we continue to import from Iran at this level,' he told S&P Global Platts. 'We think to continue …

'The move by BPCL indicates that refiners will try to frontload their purchases from Iran ahead of a November U.S. deadline for re-imposing sanctions on the country’s petroleum sector,' it added.“At this point of time Iranian crude is attractive ... it is faring better than spot cargoes and other crudes,” …

He made the remarks during his visit to the two Russian provinces of Tomsk and Krasnoyarsk on Friday.When in Krasnoyarsk, Sanaei met with the governor general and other political and economic officials of the Russian province, calling for boosting of bilateral ties.During the meeting with Krasnoyarsk Governor General Alexander Uss, …

According to him, at about 11:00 a.m. today, Azerenergy started to export electricity of 80 megawatt to Iran’s Moghan and Astara regions.Babanli also announced the date of next trilateral meeting on integration of energy systems of Azerbaijan, Russia and Iran. He said that Working Groups of the three countries are …

The move by BPCL indicates that refiners will try to frontload their purchases from Iran ahead of a November US deadline for re-imposing sanctions on the country’s petroleum sector, Reuters reported.Uncertainties cloud Iran’s oil exports after US President Donald Trump abandoned a 2015 nuclear agreement this month and ordered the …

“Daelim Industrial Co., a major construction firm here, has canceled a construction deal worth 2.2 trillion won (US$ 2 billion) with an Iranian oil refining company in the wake of the United States' renewed sanctions against the Middle Eastern country,” South Korean media ‘Yonhap’ announced on Friday.“Daelim disclosed the cancellation …