Energy Economy

Some 750,787 tons of goods were exported from the northern Iranian province of Mazandaran to the Eurasian countries during the past fiscal year (ended on March 19), registering a 76% growth compared with the previous year. According to Ali Yusefi, head of Nowshahr customs office, dairy products, plastics, cement, and minerals, worth $32.92 million, constituted the lion’s share of the exports from the green province in the past year. The official noted that over 2 million tons of different products worth 685.776 million were imported from the Eurasian countries to the province during the same period. The imports observed an increase of 97% and 17% in terms of volume and value, respectively, he added. In September 2017, Iran lifted the customs tariffs on certain agricultural products that are exported to Eurasian countries to encourage exports to countries such as Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Mazandaran is responsible for the production of 40% of Iran’s rice, 50% of citrus fruits as well as 10% of poultry meat, part of which are offered in the international markets.

Punjab Minister for Energy Dr Akhtar Malik has said countries around the world could face food scarcity due to the coronavirus pandemic. He expressed these views while chairing a meeting to review wheat procurement in Circuit House on Monday. The meeting was attended by Provincial Parliamentary Secretary for Information Nadeem …

The DoE seeks to support research and development and testing infrastructure in ocean sciences and marine energy.

More than 328,000 tons of goods worth about $164 million were exported to member countries of Eurasian Economic Union (EAEU) via customs of Gilan province, northern Iran, since October 27, 2019 – the date of entry into force of the Interim Trade Memorandum between Iran and EAEU – till the end of last Iranian year on March 20.

Trade volume exchanged between Islamic Republic of Iran and Eurasian Economic Union (EEU) exceeded $1.4 billion after the implementation of Preferential Trade Agreement (PTA) on Oct. 27, 2019.

Loading and unloading operations of goods at Iranian ports have registered a 55 percent decline since the beginning of the current year [started March 20, 2020] up to the present time due to the spread of coronavirus, also known as COVID-19.

During the first 15 days of the new Iranian calendar year which began on March 21, the National Iranian Drilling Company (NIDC) has drilled six oil and gas wells.

Iran’s ambassador and permanent representative to the International Atomic Energy Agency says the IAEA will soon send two rapid coronavirus diagnostic test devices to Iran. Kazem Gharibabadi said following consultations between the two sides, the International Atomic Energy Agency decided to send two RT-PCRs to Iran. “In addition to these …

Saudi Arabia showed no sign of bowing to pressure from President Donald Trump to dial back the oil-price war with Russia as the kingdom pushed crude supply to record levels.

The Kurdistan Workers’ Party (PKK) has claimed responsibility for the Tuesday blast in the strategic pipeline delivering Iranian natural gas to Turkey.