By Ebrahim Fallahi

The impact of U.S. sanctions on Iranian oil industry, market in focus

Right from the day Trump withdrew from Iran’s nuclear deal, announcing his plan for cutting Iranian oil exports to zero, the oil scholars and experts all around the world begun contemplating the impacts of this decision on the Iranian oil industry especially on the country’s oil exports.

By: Ebrahim Fallahi

Iran, Poland take strides towards better economic cooperation

TEHRAN – As two countries with huge potential for economic growth, Iran and Poland are taking new measures for developing non-oil economic cooperation with small and medium enterprises (SMEs) on focus.

By: Ebrahim Fallahi

Private sector from Iran, Syria light the flame

Economic co-op MOU signed between Tehran, Damascus

TEHRAN – Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) and the Federation of Syrian Chambers of Commerce inked a memorandum of understanding (MOU) on Saturday addressing issues regarding long-term cooperation.

By Ebrahim Fallahi

OPEC defies Trump’s call for more oil, now what ?

The 10th gathering of the Joint Ministerial Monitoring Committee (JMMC) of OPEC and non-OPEC members on Sunday ended, as Iran insisted, without any direct decision on additional supply boost.

By Ebrahim Fallahi

Petrochemical industry, a pillar for Iran’s resilient economy

Inaugurating three major petrochemical projects in Assaluyeh petrochemical zone in southwestern Iran was the headline of almost all Iranian energy related and economic news agencies across the country on Monday.

By Ebrahim Fallahi

Caspian Sea legal regime: what it means for Iran’s oil and gas

After more than two decades of negotiations and diplomatic efforts in numerous summits, on August 12 a landmark convention was inked by the presidents of the five littoral Caspian nations – Russia, Iran, Kazakhstan, Azerbaijan and Turkmenistan on the legal status of the Caspian Sea during the 5th Caspian Summit in the Kazakh city of Aktau.

By: Ebrahim Fallahi

The reason for Iran’s power outages: exports or infrastructure?

Since starting of the summer, an intense heat-wave has been blanketing over most of the cities of Iran, leading to an over-usage of airconditioning appliances and a significant jump in electricity consumption among the household consumers. The situation has led to a series of daily power outages across the country which has affected many businesses and people adversely.

By Ebrahim Fallahi

U.S. ‘zero Iranian oil’ plan: A fantasy doomed to failure

U.S. has recently claimed that it wants to wipe all the Iranian oil from the global market to reduce the Islamic country’s oil revenues to zero, a plan which seems rather like a ‘Trump fantasy’ than a well-thought government-level program.

By: Ebrahim Fallahi

The aftermath of OPEC’s decision on rising output

The members of the Organization of the Petroleum Exporting Countries (OPEC) reached a consensus on Friday to increase their crude output in order to address concerns over rising oil prices, however the group didn’t give any clear information regarding the amount and allocations of the rise. Now, the question is how this decision is going to project in the oil market?

By Ebrahim Fallahi

OPEC’s big test: A choice between right and wrong

As the Organization of Petroleum Exporting Countries (OPEC) prepares to meet later this week in Vienna, tension is rising among some of the cartel’s biggest members on what is said to be one of OPEC’s biggest decisions since its establishment.

By Ebrahim Fallahi

Iranian economic center unveils proposal package to save JCPOA

TEHRAN - Since Trump announced U.S. withdrawal from the 2015 nuclear deal in early May and vowed to reimpose sanctions on Iran, the European signatories to the deal have been discussing plans to secure Iran’s economic benefits to persuade Tehran to stay in agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA).

By Ebrahim Fallahi

Iran’s oil market after U.S. nuclear deal exit

Near two weeks after U.S. President Donald Trump declared his decision on withdrawing from Iran’s nuclear deal, known as Joint Comprehensive Plan of Action (JCPOA), oil traders around the world are still following a “wait and see” strategy toward the consequences of Trump’s decision for Iran’s oil exports and market in general.

By: Ebrahim Fallahi

Europeans at Iran Oil Show don’t seem shaken by U.S. decision

TEHRAN - European exhibitors participating in the 23rd International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2018) believe that U.S. President Donald Trump’s decision on leaving the Iran nuclear deal (officially known as JCPOA) was not something unpredictable and they are still eager for collaborating with Iran’s oil, gas and petrochemical sectors.

By Ebrahim Fallahi

Indonesia’s Pertamina considers Iran a priority in region

TEHRAN - Indonesia’s state-run oil and gas company Pertamina sees cooperation with Iran as a priority for its activities in the region, Junizar Harman Dipodiwirjo, a field manager at Pertamina, said in an exclusive interview with the Tehran Times.

By Ebrahim Fallahi

Less than a month to Persian Gulf Star Refinery’s 2nd phase inauguration

Bandar Abbas – The managing director of National Iranian Oil Products Distribution Company (NIOPDC) said the second phase of Persian Gulf Star Refinery (PGSR), which is hailed as the Middle East’s largest gas condensate processing complex, is due be inaugurated officially in less than a month.

By: Ebrahim Fallahi

Iranian oil industry’s achievements in past year

TEHRAN – The Iranian oil industry witnessed several turning points passing through the previous Iranian calendar year (which ended on March 20), stabilization of the country’s oil output in the range of 4 million barrels per day (bpd), exporting a record 2.6 million barrels of oil and gas condensate per day, and reaching a record high in production from joint fields of South Pars and West Karoun, are among the most important developments in the oil industry during the past year.

By Ebrahim Fallahi

Welcoming the New Year with new oil deals

Iran, for long, has been using buy-back oil contracts in deals with foreign companies who worked on developing the country’s oil and gas fields. But in recent years, some issues attributed to the buy-back model have made this kind of contracts less attractive to foreign companies, thus, encouraging the oil-rich country to introduce a new model of oil contracts which is claimed to be more flexible and more attractive to the foreign investors.