Energy Economy

The OPEC+ agreement and the additional oil output cuts announced this week will push GCC budgets even deeper into deficit, according to Fitch Ratings. Saudi Arabia said on Monday it would add to existing cuts by reducing output by another 1 million bpd next month — equivalent to 1 per …

Iranian President Es’hagh Jahangiri said that promotion of export of non-oil commodities in the country is the sole way of booming domestic production.

Islamic Republic of Iran extracted more than 64.2 million of iron ore in the past Iranian calendar year [from March 21, 2019 to March 20, 2020].

Islamic Republic of Iran and Nakhichevan Autonomous Republic explored avenues for boosting and enhancing trade cooperation via a video conference meeting.

The boost of funding available for solar rebates aims to lessen the impact of the pandemic upon the solar market and encourage more consumers to go ahead with installations.

Governor of Central Bank of Iran (CBI) Abdolnaser Hemmati on Sunday stated that the most important monetary policy is to curb inflation, said that despite the decrease in oil revenues under the influence of oppressive sanctions and a sharp decline in oil prices, the situation of the country’s foreign exchange …

In a bid to limit the damage inflicted by the global oil crisis and the impact of the ongoing pandemic, many companies are taking short-term risk mitigation measures to stay afloat.

Trade exchange between Islamic Republic of Iran and Iraq are still underway in northern borders in full compliance with the health protocols.

Iran’s Ambassador and Permanent Representative to the United Nations says the much-publicized Swiss trade channel (SHTA) will not suffice in meeting Iran’s needs at the time of sanctions. Addressing a webinar dubbed “US Sanctions During COVID-19 Pandemic, a Global Threat” on Saturday, Majid Takht-Ravanchi termed the US sanctions as the …

Iranian Minister of Roads and Urban Development Mohammad Eslami said that Iran’s trade exchanges with the two neighboring countries of Turkey and Republic of Azerbaijan are underway amid the coronavirus global pandemic.