Energy Economy

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 …

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.

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].

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.

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.

The move expands the global infrastructure solutions firm’s business to include well management services for the upstream oil and gas industry.

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.

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.