According to the data released by IRICA. the value of trade between Iran and Oman has increased to $870 million during the first seven months of this year from $557 million in the same period of time in the past year.

New statistics published by the government shows this is a record 63% lower than the same period in 2018.

Iran’s Ambassador to Russia and chief of the EEC. in a meeting in Moscow. exchanged documents to finalize an agreement between Tehran and the EAEU to form a free trade zone and offer preferential tariffs since October 27.

Iranian Ambassador to Yerevan Kazem Sajjadi and Armenia’s Minister of Territorial Administration and Infrastructure Suren Papikyan exchanged views on ways to bolster energy cooperation between the two neighboring countries.

Iran’s Oil Minister said that Tehran is increasing its revenues from oil derivatives after the US imposed sanctions on the country’s crude exports. adding that Iran eyes to produce over 100 million tons of petrochemicals a day by 2021.

Turkmenistan is the top trade partner of Iran’s Northeastern province of Khorasan Razavi. and the country is working on establishing a new border crossing for increasing the volume of trade with Iran. a local official said.

A new report from the Energy Technologies Institute suggests it will be difficult for the HGV sector to make the leap from combustion engine vehicles to 100% electric propulsion.

New research claims this is the case despite their longer lifespan and contrary to the Bank of England’s initial claims that switching to them would be more eco-friendly.

The move reinforces the wind giant’s partnership with MidAmerican Energy Company.

A new report from Global Market Insights predicts the sector will grow at a compound annual growth rate of more than 6% over the next several years.