Energy Economy

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.

Islamic Republic of Iran is a leading country in the field of producing and exporting steel in the Middle East region. With more than half a century experience, Iran’s steel industry is leader in the Middle East region among rivals in terms of steel production and exports. It is expected …

While Expo 2020 Dubai has been postponed one year due to the coronavirus pandemic, some experts believe that the postponement will have a big impact on the UAE economy and derails at least temporarily a range of tech projects.

Islamic Republic of Iran is a leading country in the field of producing and exporting steel in the Middle East region. With more than half a century experience, Iran’s steel industry is leader in the Middle East region among rivals in terms of steel production and exports. It is expected …

As the capacity of steel sections production plants in the country until the current Iranian calendar year was predicted to reach 45 million tons, production capacity of steel sections has currently exceeded 47 million tons at large, the Ministry of Industry, Mine and Trade reported.

Iran’s volume of trade exchanged with the Arab countries of the Persian Gulf littoral states in the last Iranian calendar year [ended March 20, 2020] stood at $22 billion.

The Director of Refinery No. 7 of South Pars Gas Complex said on Tue. that phases 17 and 18 of the Complex have increased butane production capacity up by 100 percent.

It is becoming increasingly clear that the ongoing oil demand destruction, COVID-19 lockdowns and financial crisis are going to significantly impact Saudi Arabia. In a dramatic appearance, Saudi Minister of Finance, Mohammed Al Jadaan, stated that the Kingdom is going to take any measures necessary to counter the effects of …