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energy

Iran’s gasoline consumption up 11% YOY in New Year holidays

Iranian people consumed as much as 99.3 million liters of gasoline on March 21 – the first day of the Persian New Year (Nowruz) holidays, according to the managing-director of the National Iranian Oil Products Distribution Company.

Energy

Abadan Refinery expansion project inaugurated

Iranian President Ebrahim Raeisi has inaugurated a new expansion project in the country’s flagship Abadan Refinery.

Energy

Iran’s LPG exports rise 50% YOY

Iran’s liquefied petroleum gas shipments has risen by 50% to reach 310,000 tons per month, largely to Asia, since 2021.

Energy

Iran halts gasoline exports as domestic demand surges

An Iranian Oil Ministry official says the country has halted taking new orders for exports of gasoline as domestic demand for the fuel rises to all-time highs.

Energy

Iran cuts monthly gasoline quotas to fight smuggling

Iranian Oil Ministry’s fuel department (NIORDC) has slashed monthly gasoline quotas given to motorists in the country as it struggles to prevent fuel smuggling across the borders.

Energy

Iran’s 1st bioethanol plant complete by 85%

The construction of Iran’s first bioethanol plant has made 85% progress, according to Deputy Minister of Industry, Mine, and Trade.

Energy

Iran launches 320 MW power plant in Qeshm island

Iran has launched a major power plant in its largest island in the Persian Gulf amid efforts to boost investment in the region.

Energy

Iran ready to supply Europe with part of energy needs

An Iranian deputy president says the country will be ready to supply part of Europe’s energy needs if governments in the region commit to long-term contracts and avoid seeking third party intervention.

Energy

Minister warns Iran may have to resume gasoline imports

Iranian Minister of Petroleum Javad Owji has warned about the country’s gasoline production nearing refining capacity which has given rise to speculations that Iran may have to resume imports of gasoline once again.

Energy

Iran’s 2022 LPG exports seen around 6 mil mt, China main market: sources

Iran’s LPG exports are projected at around 6 million mt in 2022, with China poised to remain the main buyer, and the volume could be higher if the US lifted sanctions imposed by former President Trump on the country’s energy sector since 2018, sources familiar with the matter said.

Energy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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