Energy Economy

Global oil demand could fall by more than 10 percent due to lockdowns spreading across Europe to fight the coronavirus outbreak as well as measures in the US, Vitol, the world’s largest oil trader, said on Friday. But the drop would be much higher if the virus prompts widespread lockdowns …

Iranian President Hassan Rouhani said the domestic economy has reflected a positive and growing trend in the oil and non-oil sectors in the current Iranian calendar year (started in March 2019), despite intensified US pressures on the country. Speaking on the sidelines of a cabinet meeting in Tehran on Wednesday, …

The total value of Iran’s trade transactions with foreign countries during the first 11 months of the current Iranian year (March 2019 – March 2020) has neared $80 billion, the latest data released by the country’s Customs Office showed.

According to research conducted by the Iranian Parliament Research Center (IPRC), the Islamic Republic of Iran stood higher than Turkey, Saudi Arabia, South Africa and Brazil in Industrialization Intensity Index.

Hemmat-Karaj Freeway was put into operation today in the presence of President Hassan Rouhani.

Refined copper cathode production by major Iranian smelters was stable in the 11-month period ending February 19 despite illegal American sanctions.

Latest official reports show that non-oil exports from Shahid Rajayee Port, Iran’s largest container port, has witnessed a rise by almost 4% between March 2019 and February 2020, in a comparison with the corresponding period in the last year.

Non-oil exports from Iran’s Southern province of Bushehr has posted a 20% jump in terms of weight in the past 11 months since late March 2019, in comparison with the corresponding period in the last year, a local official announced.

Shahid Rajaei Port, Iran’s largest container port, has registered a 3.7% growth in oil-based and non-oil exports since March 2019 compared to the same period in the previous year.

The Statistical Center of Iran (SCI) has predicted the non-oil gross domestic product (GDP) growth rate to stand at zero percent in the current Iranian calendar year 1398 (which is to end on march 21, 2020).