TEHRAN, Jun. 14 (MNA) – In the previous Iranian year (ended March 20), a total of 240 million barrels of Iranian light crude were deployed to global markets through Kharg oil terminal. Managing Director of Iran Oil Terminals Company (IOTC) Seyed Pirouz Mousavi made the announcement noting that the figure indicates an 87% rise as […]

TEHRAN, Jun. 10 (MNA) – A POGC official said 146.74 billion cubic meters of gas were recovered from South Pars joint field in the previous Iranian calendar year (ended March 20). Abdolrahman Salehi, responsible for planning export of liquids and condensate at Pars Oil and Gas Company (POGC), said the Iranian complex made about 125 […]

TEHRAN, Jun. 05 (MNA) – Russian oil corporation Lukoil expects to sign contracts with Iran this autumn, Russian Construction online journal quoted the company’s president as saying. Russian oil corporation Lukoil President Vagit Alekperov said in an interview on the sidelines of St. Petersburg International Forum in Russia that his company expects to sign contracts […]

TEHRAN, May 21 (MNA) – An oil official said once production volume at South Azadegan reaches 160 thousand barrels per day (bpd), West Karun joint fields will bring a revenue of 2.5 million dollars. Majid Najarian, deputy project director for development of South Azadegan oilfield, said 565 million dollars were invested over three years to […]

TEHRAN (FNA)- Iran’s leading carmaker, Iran Khodro, and German-based Siemens company signed a memorandum of understanding to expand Bilateral ties. The MoU was signed on the sidelines of Iran’s International Exhibition of Control, Instrumentation and Automation. Iran Khodro and Siemens agreed to share know-how and expertise in the fields of marketing, participating in tenders, designing, […]

The Joint statement made by President Hassan Rouhani and Russian leader Vladimir Putin after their meeting in the Kremlin on Tuesday underscores the two countries’ strategic partnership.