Energy Economy

Iran, Bulgaria to Boost Transport Cooperation

Tehran and Sofia are to forge closer cooperation in the domains of economy, the transit of goods and transportation. In a meeting between Iranian Minister of Roads and Transportation Mohammad Eslami and Bulgaria’s new Ambassador to Tehran, the two sides underlined the need to implement agreements reached by the two …

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Iran, Tajikistan Stress Expansion of Economic, Energy Coop.

Iranian Minister of Energy Reza Ardakanian held talks with Minister of Energy and Water Resources of the Republic of Tajikistan Usmonali Uzmonzoda via videoconference on the expansion of economic and energy cooperation. During the videoconference, the energy ministers of Iran and Tajikistan stressed the development of economic and energy relations. …

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Global Oil Inventories are in Decline

Global inventories of crude oil declined by 45 million barrels in August after a 34-million-barrel reduction in July, Russia’s Energy Minister Alexander Novak said in a TV interview, Oilprice reported. “Reserves accumulated in the 2nd quarter are gradually shrinking, and we see that July and August were the first two …

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Iran, OPEC Discuss Mutual Cooperation

Iranian Deputy Foreign Minister for International and Legal Affairs Mohsen Baharavand and the Organization of Petroleum Exporting Countries (OPEC) Secretary-General Mohammad Sanusi Barkindo in a meeting in Vienna on Saturday reviewed bilateral relations in the field of energy. The meeting was held on the occasion of the 60th establishment anniversary …

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Novak: Global Oil Inventories are in Decline

Global inventories of crude oil declined by 45 million barrels in August after a 34-million-barrel reduction in July, Russia’s Energy Minister Alexander Novak said in a TV interview. “Reserves accumulated in the second quarter are gradually shrinking, and we see that July and August were the first two months when …

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