Governor of Dasht-e Azadegan said that process of exporting non-oil goods via Chazabeh border in Khuzestan province continues without any interruption and restriction, Trend reports citing Mehr. Speaking in an interview with IRNA, Hamid Seylavi reiterated that export of non-oil products from Chazabeh Border, 110 km away from northwest Ahvaz, …
Read More »Iran, Armenia Discuss Gas Exports, Barter
The heads of the Iranian and Armenian delegations have held constructive talks on gas exports and extension of a gas-for-electricity barter contract. Following a meeting with Hakob Vardanyan – Deputy Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia, Amir Hossein Zamaninia, Iranian Deputy Petroleum Minister for …
Read More »China Extends Tariff Exemptions for US Chemical and Oil Products
Six US chemical and oil products will not be targeted by additional duties for another year, according to China’s finance ministry. The exemptions were initially introduced after the two countries reached a phase-one trade deal. The extension will come into force on Saturday and last until December 25, 2021, the …
Read More »Iran, Azerbaijan Discuss Oil Market Developments
Iranian Oil Minister Bijan Namdar Zanganeh met Azerbaijan’s Energy Minister Parviz Shahbazov in Tehran on Tuesday night to discuss the recent developments in the region and the global oil market, Shana reported. Speaking in the meeting, Zanganeh underlined Azerbaijan’s positive role as one of the members of the alliance between …
Read More »Rumor: Apple will Start Production of Its Self-Driving Car by 2024
Apple is moving forward with its electric self-driving car technology after all, and will start production in 2024, according to a report from Reuters. Apple plans to produce a passenger vehicle that could include its own battery technology. Apple first started to design its own vehicle way back in 2014, …
Read More »OPEC, IEA Lower Oil Demand Forecast for 2021
The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its oil demand forecast for 2021 again, according to the latest version of the Monthly Oil Market Report released on Monday. OPEC now expects global oil demand to fall by 9.77 million barrels per day in 2020 to reach 89.99 …
Read More »FDI in Industrial Mining Sector at 71% Growth in Eight Months
Some $1.22 billion worth of Foreign Direct Investment (FDI) was approved in the industrial and mineral sector of the country in the first eight months of the current year. According to the statistics of the Ministry of Industry, Mine and Trade, $1.22 billion worth of foreign investment under FDI was …
Read More »Iranian Exports to Eurasia from Astara Port Rise by 11%
Despite the US cruel sanctions and EU’s lack of commitment to the Joint Comprehensive Plan of Action (JCPOA), Iran’s cooperation with Eurasia has provided a broad range of opportunities for Tehran, including regional trade and boosting Iranian non-oil exports. According to official reports, despite the corona pandemic, the volume of …
Read More »Rouhani: No Talks Needed for Reviving JCPOA
Iranian President Hassan Rouhani says returning to the nuclear deal commitments does not need negotiations but determination. Speaking at a cabinet session on Wednesday, Rouhani pointed to the need for the JCPOA signatories to meet their obligations under the deal. “Our returning to the commitments does not take time, it …
Read More »Total Seeks to Sell Its Stake in the Kurdistan Oil Field
French supermajor Total is in talks to sell its 18% stake in an oil field in Iraq’s semi-autonomous Kurdistan region, with which it could raise around $ 500 million, Bloomberg reported, citing sources familiar with the matter. Total is working with Jefferies Group on the potential sale of its stake …
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