Iran has inaugurated the first phase of a major refinery project in the country’s south which officials say would make the country independent from imports of gasoline after 36 years once fully developed.
Iran’s petroleum minister has hinted that the country is looking into the possibility of bringing in the French energy giant Total to develop a key project to liquefy natural gas for exports to Europe.
Iran’s exports to the European Union have increased by over 300 percent after the implementation of the historic 2015 nuclear agreement between Iran and the P5+1 group of countries, European Climate Action and Energy Commissioner Miguel Arias Canete says.
A senior official expects Iran to sign its first contract under a new formula within a month, marking a turning point in months of anticipation as the country reopens its oil and gas sector to business.
Iran has condemned Israel’s recurrent military incursions into Syrian territory as attempts to shore up the Takfiri terrorists in Syria, who are increasingly losing ground against the Arab country’s army.
Iran’s Defense Minister Brigadier General Hossein Dehqan says the Islamic Republic reserves the right to give a crushing response to the recent terrorist crime against Iranian border guards serving on the country’s southeastern frontier.