Energy

The Taiwanese government announced it has lifted visa restrictions for Iranian applicants to travel to the Asian island. Furthermore, it will increase its oil purchases from Iran.

Deputy Minister of Petroleum Abbas Kazemi said here on Tuesday that Iran would have a 50-percent cooperation in constructing a refinery in Spain, if the country's crude oil is totally being supplied by Islamic Republic.

Director of quality control at the National Petrochemical Company (NPC) said that its output was more than 46 million tons last year (ending March 19) up by 2.5 million tons compared to the preceding year.

Iran has sharply raised oil exports since the lifting of sanctions in January, with the sales of crude and condensate standing over 2 million barrels per day, Minister of Petroleum Bijan Zangeneh says.

The latest market figures show Iran’s oil production rose by 100,000 barrels per day (bpd) in March – a yet another sign of the country’s positive performance after the removal of multiple-year sanctions.

Iran’s media said on Saturday that the route has been eventually picked to lay a subsea pipeline to export natural gas to Oman – a project which could materialize Tehran’s ambitions to sell liquefied natural gas (LNG) to overseas markets.

Iran says its oil exports have already reached around 2.2 million barrels per day (bpd) in what could highlight a major progress in the country’s post-sanctions oil industry performance.

Reports say Iran’s oil exports reached the highest level in 22 months in January almost immediately after the multiple year sanctions against the country were lifted.

Iran says it has already been able to regain the share of the oil market that it had lost as a result of multiple years of draconian sanctions.

The media in Seoul have reported that Korea Gas Corporation (KOGAS) is considering a project to build a subsea pipeline to take natural gas from Iran to Oman – what would bring Tehran closer to an ambitious plan to become an exporter of liquefied natural gas (LNG).

A new report says South Korea increased crude imports from Iran by 91 percent in February from a year earlier.

The Indian government is reportedly determined to seal a deal with Tehran on laying a direct undersea gas pipeline from Iran to India.

Managing Director of the National Iranian Oil Company (NIOC) Rokneddin Javadi said that Iran has increased its crude oil export to 1.8 million barrels a day.

Iranian researchers at Shahid Chamran University of Ahvaz has for the first time developed hydrogenated amorphous silicon solar cells.

Royal Dutch Shell paid its outstanding debt of 1.77 billion euros ($1.94 billion) to Iran following the termination of anti-Tehran sanctions.

Indonesia plans to buy 120,000 barrels per day of Iranian crude oil, an official with Pertamina, an Indonesian state-owned oil and natural gas corporation, said Friday.

Iran said on Tuesday that its oil exports had increased by 30 percent last month. The country’s Oil Minister Bijan Zangeneh has been quoted by the media as saying that exports increased to 1.75 million barrels per day (bpd) during the Iranian month of Bahman, which runs from January 21 to February 19.

Commander of the Islamic Revolution Guards Corps (IRGC) Major General Mohammad Ali Jafari said development of the phases 15 and 16 of the South Pars gas field in southern Iran was a testimony to the IRGC’s engineering skills and technical expertise.

Oman has lent weight to Iran in a row over a Saudi proposal to freeze oil output at current levels, saying the Islamic Republic must be exempted from the plan.

Iran on Tuesday vehemently rejected any possibility that it will stop increasing its oil production with the country’s oil minister Bijan Zangeneh mocking any request on Tehran to that effect as “a joke”.

An Italian energy company is planned to construct solar power plants in three Iranian cities with a total capacity of 10 Mega Watts.

Crude oil production by Iran and the United States will experience biggest increases by 2021, according to the International Energy Agency (IEA).

A senior oil official said South Korea's Hyundai and France's VINCI have expressed willingness to be active in largest Iranian oil field 'South Azadegan'.

Managing Director of Iranian Drilling Company announced that his company has held talks with 30 European and Asian firms over past several months, and said Tehran is ready to cooperate with accredited oil companies and joint drilling cooperation.

An economic analyst Monday said Iran intends to increase its daily oil product and return to the pre-sanctions time, adding that as long as it has not reached its previous position in the oil production and export market and has not retaken its quota it will not retreat.