Energy Economy

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 …

The historic oil deal meant to help crude prices rebound amid the coronavirus crisis has come into force. Starting today, global oil production is set to be slashed by nearly 10 million barrels per day. On April 12, the group known as OPEC+, which includes 13 members of the Organization …

It is predicted that Iran will witness $300 million worth of goods export’s hike to Afghanistan in the current year [started March 21, 2020] as compared to a year earlier.

Iranian President Hassan Rouhani and Turkmenistan President Gurbanguly Berdimuhamedow stressed broadening and enhancing cooperation in all fields.

Today many of the world’s major cities remain under lockdowns while their respective government is implementing work-from-home schemes.

Since Eurasian Economic Union (EAEU) has exempted all its member states from paying customs duties on main import products in order to minimize the negative economic consequences caused by the outbreak of coronavirus, COVID-19.