Energy Economy

Saad al-Kaabi, Qatari energy minister and chief executive of Qatar Petroleum, announced that his country intends to expand the world’s largest liquefied natural gas (LNG) project, i.e. its North Field (known in Iran as South Pars) gas field, and expects investment opportunities overseas, despite a slump in global energy demand …

Armenian Ambassador to Tehran Artashes Toumanian in a meeting with Head of Trade Promotion Organization of Iran (TPOI) Hamid Zadboom underlined the necessity for the revival of trade relations between the two countries which were affected by the coronavirus outbreak.

Iran’s economy will experience an inflation decline by approximately 7% in late March next year, according to an analytical report.

Abdel Bari Atwan, the editor-in-chief of the Rai al-Youm website, has told Al Mayadeen TV channel that the U.S. President Donald Trump has suffered defeats as Washington’s sanctions on Venezuela have been broken by arrival of Iran’s oil tanker. President Hassan Rouhani’s warning about Tehran’s firm response in case of …

Iran’s second oil tanker, Forest, arrived in Venezuela amid the US threats. Forest entered the Exclusive Economic Zone (EEZ) of Venezuela early Sunday, met by the country’s navy. It follows the first of five Iranian vessels carrying an estimated total of 1.53 barrels of gasoline between them. The first vessel, …

Iranian President Hassan Rouhani and his Turkish counterpart Recep Tayyip Erdoğan urged the reopening of joints borders through observing of health protocols as both neighbors are keen to resume trade exchanges.

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.