Energy Economy

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.

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.

Iranian Industry, Mining, and Trade Ministry has it on the agenda to establish working groups for developing non-oil export in various provinces across the country, Head of Trade Promotion Organization (TPO) announced. According to Hamid Zadboum, due to the significant role of the country’s provinces in developing export goals and …

A number of 30 ships, carrying basic goods and commodities, took berth at Bandar Imam Khomeini (RA) in the first month of the current year [from March 21 to April 19].

Some oil fields are set to suffer chaotic stoppages despite efforts by OPEC+ to mitigate the impact of coronavirus on global markets, the International Energy Agency warned. “Lockdown measures have caused unprecedented demand declines, whose speed and magnitude greatly exceed the normal market flexibility of supply,” the Paris-based IEA said …

The university has also asked its endowment office to engage with fund managers and request evidence of net zero carbon business plans.

President of the OPEC Conference and Algeria’s Minister of Energy Mohamed Arkab called on OPEC and non-OPEC countries to fully implement the oil production limiting agreement, OPEC says on its website on Saturday. “In the face of unprecedented difficulties facing the oil market, it is of the utmost importance that …