$1 = Iranian Rials


RSS Economic News

  • Kish gas field development, NIOC top priority June 17, 2018
    Tehran, June 17, IRNA - Kish gas field, which is estimated to hold gas equal to the amount in five phases of the giant offshore South Pars Gas Field, is a top priority for National Iranian Oil Company (NIOC), wrote a professional magazine in Iran.
  • German Gov't sets up Iran advisory office for companies June 16, 2018
    Tehran, June 16, IRNA - The German government has set up a special office to advise companies worried about their economic transactions with Iran amid fears they'll be targeted by US sanctions.
  • New gas hub in south Iran June 15, 2018
    Teharn, June 15, IRNA – Kish gas field, which is estimated to contain as much gas as held by five phases of the giant offshore South Pars Gas Field, is a top priority for the National Iranian Oil Company (NIOC).
  • Gazprom to partake in 4 gas field projects in Iran June 15, 2018
    Moscow, June 15, IRNA – Gazprom is getting ready to participate in the four gas field projects in southern Iran, said a top official of the Russian company on Friday.
  • Ex-CM of Pakistan’s Balochistan confers medal of excellence to Iran’s CG June 14, 2018
    Islamabad, June 14, IRNA -- Former chief minister of Pakistan’s southwestern Balochistan province Abdul Quddus Bizenjo conferred medal of excellence on Iranian Consul General Mohammad Rafie in Quetta for his efforts to enhance Iran-Pakistan ties in all fields especially the economic sector.

RSS Energy News

  • Russia-US Gas War June 18, 2018
    TEHRAN (Shana) -- Increased political and diplomatic conditions between Russia and the West in recent years have resulted in the imposition of mutual sanctions. On April 6, Trump administration imposed new sanctions on 38 individuals and companies close to Russian President Vladimir Putin - including seven Russian oligarchs and 17 government officials.
  • Euro-5 Gasoline Output Hits 22 ml/d June 18, 2018
    TEHRAN (Shana) -- Bandar Abbas Gas Condensate Refinery, which is located 25 kilometers west of the southern Iranian city of Bandar Abbas on a land measuring 700 ha in area, is known to be the most modern treatment facility in the Middle East region.
  • $20bn Investment Projects on Offer in Caspian Sea June 18, 2018
    TEHRAN (Shana) -- In late March, Iranian President Hassan Rouhani visited the Republic of Azerbaijan where he and Azeri President Ilham Aliyev presided over the signing of protocols for the development of a jointly owned oil field in the Caspian Sea by Iranian Minister of Petroleum Bijan Zangeneh and Azeri Minister of Energy Parviz Shahbazov.
  • IOPTC Handles 123bn Liters Oil and Oil Products in One Year June 18, 2018
    TEHRAN (Shana) -- The Iranian Oil Pipelines and Telecommunication Company (IOPTC) is the link connecting Iran's upstream and downstream oil sectors. In other words, IOPTC receives crude oil from production points for delivery to oil refineries prior to providing end users with refined petroleum products.
  • Busy Year Awaits NIOC June 18, 2018
    TEHRAN (Shana) -- What are the priorities of the National Iranian Oil Company (NIOC) in the current Iranian calendar year (started on March 21)? Is it possible to predict what NIOC would achieve by the end of the year next March? How would NIOC senior managers respond to such questions? Here we have sought the […]