Energy Economy

Head of the Iranian National Union of Agricultural Products Reza Nourani said the Eurasian Economic Union (EAEU) has removed tariff rates for the import of 10 Iranian products.

Lawmaker Hojjatoleslam Seyyed Mohammad Bagher Ebadi said that Leap in Production is the best way to counter economic plummet amid COVID-19 outbreak. The government should promote economic and political ties with Eurasian and neighboring countries, he said and added, There is a great capacity in the region and Iran should …

Exports from East Azarbaijan Province in Northwestern Iran have considerably increased during last Iranian year (ended March 19, 2020), a provincial official said.

Late last week, OPEC and non-cartel oil producers reached a new major agreement stipulating a collective reduction in oil output by around 10 million barrels per day effective 1 May. Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev told the broadcaster CNBC on Monday that the total oil production decrease …

Iran’s First Vice-President Eshaq Jahangiri said on Saturday that the Iranian economy grew last year despite all the pressures on the country.

Governor of the Central Bank of Iran Abdolnasser Hemmati said the banking system has developed supportive plans to control the negative economic consequences of coronavirus especially for vulnerable strata.

Iran’s first vice president says new economic programs are required in order to tackle the repercussions of the coronavirus outbreak. Es’haq Jahangiri said Saturday the COVID-19 epidemic affects people’s health and has economic and social consequences. “The most important responsibility of the Ministry of Economic Affairs and Finance is to …

The firms have now fully transitioned to cleaner emission standards set for petrol and diesel vehicles, which cost slightly more to produce.

Drax aims to help the worst-hit communities and strengthen recovery measures.

United Arab Emirates’ energy minister Suhail Al Mazrouei said on Saturday that an OPEC+ decision to cut oil supply will have a major impact on rebalancing the oil market amid the coronavirus outbreak. “The group’s decision to cut supply will be the largest ever cut in the history which will …