Energy Economy

Saudi Arabia and Iraq have agreed to coordinate with all oil producing countries to restore balance to the oil market, according to the official Saudi Press Agency (SPA). SPA said the accord came during a meeting between Saudi Minister of Energy Prince Abdulaziz bin Salman and Iraqi Deputy Prime Minister …

Borders of Iran, Turkmenistan and Uzbekistan will be reopened on June 1 which had been closed due to the outbreak of the novel coronavirus, also known as COPVID-19.

The new port facilities at the Port of Esbjerg will help reduce the costs of transportation between production and installation sites.

British and Dutch investors snap up German offshore windfarm.

Governor of Central Bank of Iran [CBI] Abdolnaser Hemmati said that Iran’s non-oil export is booming as the coronavirus global pandemic is fading away.

Governor of Central Bank of Iran Abdolnaser Hemmati said that Iran’s non-oil exports are gaining momentum and booming after a downtrend in coronavirus cases in the country. He wrote on his Instagram page late on Tuesday that today, during the meeting of the Government’s Economic Coordination Headquarters in the presence …

Croatian ambassador to Tehran Drago Stambuk on Monday called for upgrading ties with Iran, saying, “I am proud of serving in Iran where according to scientific documents there are historical affinities between Iranians and the Croats.” In an interview with the Croatian daily, Večernji list, Drago Stambuk said that his …

Under the project, three new wind facilities could generate savings of $2 billion in the course of their lifetime.

Saudi Arabia and the UAE introduced the five percent Value Added Tax (VAT) in January of 2018, a first for the Persian Gulf region which had long prided itself on its tax-free, cradle-to-grave welfare system. On the same day, Saudi Arabia announced a petrol price hike of 127 percent.

Iran’s government spokesman Ali Rabiei says the country’s trade ties with Venezuela have nothing to do with any other country. In comments on Saturday, Rabiei said “Venezuela and Iran are both independent states that have had and will continue to have trade relations with each other.” “We sell goods and …