Consul General of Iran Mehdi Shoushtari met and held talks with governor of Sulaymaniyah Haval Abubakir on Sunday evening on the trade relations.
Read More »World Oil Demand Set for Historic Fall in 2020
The world oil demand growth forecast for 2020 is revised lower by 6.9 million barrels per day (mb/d), to a historical drop of around 6.8 mb/d, said OPEC in its monthly market report. The contraction in the second quarter (2Q) of this year is expected to be around 12 mb/d, …
Read More »European Power Demand Falls Below Five-Year Average Amid Covid-19 Outbreak
Despite the fall, a new report notes there are signs that demand is stabilising in those markets with lockdowns in place the longest.
Read More »Focusing on Non-Oil Export, Govt.’s Top Priority in Current Year
First Vice President Es’hagh Jahangiri said that Iran needs export of non-oil commodities in the current year [started March 21, 2020] more than any other time and non-oil export is the main and top priority of the government.
Read More »Indian Oil Devises Response Strategy to the Covid-19 Crisis
Measures such as work-from-home, digital connectivity and mobile communications have been activated to ensure business continuity.
Read More »Iran’s Export of DRI Up 86% in 11 Months
Islamic Republic of Iran exported 942,000 tons of Direct Reduced Iron (DRI) in 11 months of the last Iranian calendar year.
Read More »Iran, Qatar Agree on Energy, Investment Cooperation
Iran’s Energy Minister Reza Ardakanian and Qatar’s Minister of Commerce and Industry Ali bin Ahmed Al Kuwari agreed on cooperation in energy and investment spheres between the two countries during a video conference. As the next meeting of Iran-Qatar Joint Economic Committee, which was scheduled to be held in Iran’s …
Read More »Iran, Qatar Agree to Boost Energy Cooperation
Iran and Qatar have agreed to increase mutual energy cooperation despite a current pandemic that has severely affected economies in the Middle East region.
Read More »Iran Gov’t Selling Shares of Huge State Companies at Stock Market
Iran’s president has tasked the ministry of economic affairs to facilitate the selling of the shares of major state companies at the stock market as soon as possible. President Hassan Rouhani said the process of selling the shares of large state companies in the stock market must continue and possible …
Read More »Russia: Oil Deal to Impact Markets when Implemented
Russia’s oil output deal with leading global producers will have an impact on global markets once it begins to be implemented, Dmitry Peskov, the Kremlin’s spokesman, told reporters on a conference call. Russia and other oil producers, known collectively as OPEC+, agreed over the weekend to cut their combined oil …
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