Energy Economy

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 …

The Danish wind turbine manufacturer plans to disclose updated guidance as soon as it deems it is capable of giving new estimates for full-year results.

The United Nations Industrial Development Organization (UNIDO) in cooperation with the government of China will jointly finance a project for medical waste management in Iran during the coronavirus outbreak in the country. The project will cost more than one million euros which will be totally provided by UNIDO and China, …

West Azarbaijan province producers exported some 1.2 tons of goods during the last fiscal year (ended March 19), a senior customs official said.