Iraq receives waiver extension to import Iranian gas, power

Tehran (KNA) - The United States has extended for 90 days a waiver given to Iraq from sanctions against Iran, a State Department spokesman said on Friday, allowing Baghdad to keep importing Iranian gas that is critical for Iraqi power production.

12/22/2018 10:11:00 AM

South Pars gas production set to reach 630 mcm/d by March

Tehran(KNA): Iran’s gas recovery for the giant South Pars Gas Field in the Persian Gulf is projected to increase by 56 million cubic meters per day by the end of the current fiscal (March 2019), which will increase the field’s total gas production capacity to 630 mcm/d.

12/16/2018 1:19:00 PM

OPEC agrees joint 1.2mn bpd output cut despite US pressure

Tehran (KNA) - Member states of the Organization of the Petroleum Exporting Countries (OPEC) and 10 other oil producing nations have agreed to cut output by 1.2 million barrels a day despite opposition from US President Donald Trump's administration.

12/8/2018 10:19:00 AM

Iran’s foreign debt drops by 9% in 1st six months: CBI

Tehran(KNA) : Central Bank of Iran (CBI) said that Iran’s total foreign debts decreased nine percent in the first six months of the current year (March 21 – Sept. 21), showing a significant slump as compared to the same period last year.

11/26/2018 1:06:00 PM

China to resume imports of oil from Iran soon

Tehran (KNA) - China is said to be preparing to resume imports of crude oil from Iran in what analysts say could allay fears that US sanctions on the major producer would constrain global supplies.

11/24/2018 9:36:00 AM

Russia to develop financial coop. with Iran despite US sanctions

Tehran (KNA) - Russia’s Permanent Envoy to the United Nations and International Organizations in Vienna Mikhail Ulyanov said that Russia is determined to broaden its financial cooperation with the Islamic Republic of Iran despite US sanctions imposed on Iran.

11/24/2018 9:31:00 AM