Monday , 6 December 2021

Economy

Iran regaining OPEC’s market share

PayvandNews  – The recent reports indicate that the Islamic Republic of Iran has already been able to escalate its oil exports to levels that existed before sanctions were imposed on the country in 2011. Iran’s exports of oil stood at 2.35 million bpd before the sanctions were imposed against the country in 2011. One of the main reasons for the …

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Iran’s priciest export at risk

Al-monitor – With Iran to its south and Russia to its north and west, the Caspian Sea is not only rich in oil and natural gas reserves, but it is also the world’s primary and largest habitat for the beluga, the most famous of the caviar sturgeons, as well as four other sturgeon species. This ancient fish, often described as …

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IMF hails Iran’s post-sanctions economic performance

PayvandNews – The International Monetary Fund (IMF) has hailed Iran’s ability to achieve what it has described as an impressive economic recovery after the removal of multiple-year sanctions against the country. “Iran’s government hasn’t met expectations on economy” cartoon by Hamed Bazrafkan, Ghanoon daily The IMF in an annual report on Iran’s economic performance said that higher oil production and …

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Iran will be one of the most powerful economies in the world by 2050

PayvandNews- By 2050, the world is likely to have changed drastically from what we know now, and the planet’s economic and financial landscape will be no exception, Business Insider reported. Read full report by PricewaterhouseCoopers (PwC) A report from professional services giant PricewaterhouseCoopers (PwC) looks at which economies around the world will be the biggest and most powerful in 33 years time. …

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Iran Announces Deal To Provide Russia With Oil In Swap For Cash, Goods

RFL/RE – Iran said it will begin selling 100,000 barrels of oil a day to Russia within the next 15 days and receive payment half in cash and half in goods and services, Iranian news media reported on February 21. Iranian Oil Minister Bijan Namdar Zanganeh provided details about the deal after meeting Russian Energy Minister Aleksandr Novak in Tehran, …

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Energy Giants Say Iran Needs $100 Billion for Gas Upgrade

VOA – Iran sits on what are thought to be the world’s largest gas reserves, yet can barely supply its own domestic demand. Since the nuclear deal lifted sanctions, the country has sought foreign investment in exploration and infrastructure. But will the hawkish stance of U.S. President Donald Trump put them off? Henry Ridgwell reports from the CWC Iran Gas …

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Resumption of Iranian oil exports off to slow start

Al-monitor – In mid-January, an Iranian oil tanker leased to a Spanish oil company reached Europe. It called at the Port of Algeciras in Spain two days after the one-year anniversary of the implementation of the Joint Comprehensive Plan of Action and shortly before US President Donald Trump took office on Jan. 20. The managing director of the National Iranian …

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Iran’s Auto Production Up 40 Percent Year-On-Year

PayvandNews – Iran says its production of automobiles has already seen an increase of around 40 percent over a period of 11 months starting 21 March 2016 compared to the same period in the previous year. The announcement was made by Mansour Moazzami, the board chairman of the Industrial Development and Renovation Organization (IDRO) which is the operational arm of …

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Iran discovers new oil fields with 30 billion barrels of oil: Official

PayvandNews – Iran has discovered about a dozen new oil fields with in-place reserves of 30 billion barrels, head of exploration at National Iranian Oil Company (NIOC) says. Some 4.7 billion barrels of these reserves are recoverable, said Seyyed Saleh Hendi who also announced the discovery of 128 trillion cubic feet of gas. New discoveries, which happened over the past …

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Iran Oil revenues set to reach $45B-$50B in next fiscal year: Oil Minister

PayvandNews – Iranian oil minister has said that considering oil prices at $55 per barrels, the country’s revenues from oil and gas condensate exports will reach $45-$50 billion in the next Iranian calendar year (March 21, 2017-March 20, 2018), IRNA reported on Saturday. According to Bijan Namdar Zanganeh, the country’s oil and gas condensate’s exports stand near 2.8 million barrels …

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