A member of the Iranian parliament’s presiding board underlined the necessity of supporting petrochemical industries in order to curb sale of crude oil and gas.

Islamic Republic of Iran exported 942,000 tons of Direct Reduced Iron (DRI) in 11 months of the last Iranian calendar year.

Iran and Qatar have agreed to increase mutual energy cooperation despite a current pandemic that has severely affected economies in the Middle East region.

President Hassan Rouhani in a phone call with Oil Minister Bijan Zanganeh called for advancing the plans and policies for boosting petroleum products in a bid to decrease the crude oil sales.

The firm has activated its ‘pandemic plan’ to help maintain all elementary functions amid the crisis.

The project is expected to help reduce emissions by more than 200,000 tonnes per year, equivalent to annual emissions from 100,000 cars.

The project will start as soon as the country lifts the current lockdown measures.

Analytics firm GlobalData forecasts annual installations could stand at 980MW for 2020, down from 2.47GW in 2019.

Collectively, the sites could create over 8000 new jobs and increase the UK’s clean heat output by almost 3TWh per year.

In 2019, the three nations collectively imported nearly 51% of global LNG supplies.