Energy Economy

ey Oil Refining Company. a leading global producer and exporter of bitumen based in Iran. announced that its exports are still going on despite all pressures from the US. adding that it has exported $650 million worth of bitumen in the past 7 months.

Iran’s Foreign Minister Mohammad Javad Zarif said there is a degree of untapped potential in the Economic Cooperation Organization which can help enhance economic integration and cohesion in the region.

Zhai Jun. Special Envoy of the Chinese Government for the Middle East referred to Iran’s 4th step. said there should be a balance between interests and commitments in the JCPOA and Iran should enjoy its economic benefits.

The managing director of Iran’s Jey Oil Refining Company said the company. the biggest exporter of bitumen in Iran and the Middle East. is exporting the product to 19 countries.

The nuclear deal was reached in Vienna in July 2015 between Iran and the P5+1 group of states.

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati announced that despite the US sanctions and pressures. the Forex market continues stability.

Tehran and Moscow are determined to increase economic ties in all areas of trade. business and investment. as Russian Energy Minister Alexander Novak told his Iranian counterpart Reza Ardakanian that bilateral trade has boosted by 25.8%.

The €2.8bn LG Chem facility in Wrocław is expected to have a total production capacity of around 65GWh to 70GWh a year by 2022.

it will establish a corporate domicile in the U.S. early next year. pending various approvals. and rebrand under the name Ovintiv Inc.

The top banker of the country added that the US failed to reach its ultimate goal. which was bringing Iran to its knees.