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.
Read More »Will Aramco Cut Its Dividend?
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 …
Read More »Russia Slams US for Obstructing Iran’s Loan Request from IMF
Russia’s Deputy Foreign Minister Alexander Pankin on Monday lashed out at US’s attempt for obstructing a loan by the International Monetary Fund (IMF) to the Islamic Republic of Iran and Syria amid the pandemic.
Read More »Non-Oil Exports, Driving Force of Iran’s Economy in Current Year
Iranian Minister of Industry, Mine and Trade Reza Rahmani said that export of non-oil commodities is the driving force of economy of the country in the current year [started March 21, 2020].
Read More »Australia Is Heading Into Its Deepest Downturn in Almost 100 Years
Australia appears to have succeeded in flattening the coronavirus curve, but such an optimistic health outcome won’t prevent the economy from experiencing a deep downturn.
Read More »World’s Deepest Gold Mines on a Cliff as Virus Cuts Output
South Africa’s gold industry output has dwindled to a fifth of its 1970s’ peak as ever-deepening shafts and higher costs take their toll. The coronavirus may pose an even bigger threat.
Read More »Px Group Acquires Majority Stake in NRG Well Management
The move expands the global infrastructure solutions firm’s business to include well management services for the upstream oil and gas industry.
Read More »KRG’s Sartak-Pishta Border Crossing Reopens with Iran amid Pandemic
The Sartak-Pishta border crossing between Iraq’s Kurdistan Regional Government (KRG) and the Islamic Republic of Iran was reopened on Mon. after more than two-month hiatus due to the outbreak of the COVID-19.
Read More »Iran, EAEU Trade Vol. Tops 5mn Tons
After a six-month period since the implementation of the Preferential Trade Agreement (PTA) with the Eurasian Economic Union (EAEU), Iran’s trade volume exchanged with the Union exceeded five million tons.
Read More »Afghanistan, Iran’s New Goods Transit Route to Central Asia
Commercial Envoy of the Iranian Embassy to Afghanistan Mohammad Mehdi Javanmard Ghasab said that Afghanistan can be Iran’s new transit route for exporting products to the Central Asian states.
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