Energy Economy

Islamic Republic of Iran exported 942,000 tons of Direct Reduced Iron (DRI) in 11 months of the last Iranian calendar year.

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 …

Iran and Qatar have agreed to increase mutual energy cooperation despite a current pandemic that has severely affected economies in the Middle East region.

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 …

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 …

Analytics firm GlobalData forecasts annual installations could stand at 980MW for 2020, down from 2.47GW in 2019.

In 2019, the three nations collectively imported nearly 51% of global LNG supplies.

Both countries are also committed, if necessary, to take further measures to stabilise the market, which has been extremely volatile recently, together with the alliance and other states. Russia and Saudi Arabia are firmly committed to the implementation of the new OPEC+ oil output cut deal, the Russian Energy Ministry …

Iran has considerably increased its export of non-oil commodities in a period of 10 months, the country's industry, mine and trade ministry announced.

Exports of Iranian steel ingot had a 42 percent growth for 11 months of the past Iranian year (ended on March 19. 2020), compared to the same period the year before.