Energy Economy

The Governor of the Central Bank of Iran has required permission for access to the fund's available $50-billion-emergency financing facilities, aimed at addressing COVID-19.

India-Chabahar-Afghanistan corridor became officially operational with the shipment of two containers through Mumbai, Chabahar and the Dogharoon border, according to the Director-General of Customs Transit of Iran.

Abu Dhabi National Oil Co. will boost crude supply to more than 4 million barrels a day next month as the United Arab Emirates joins a battle for market share triggered by Saudi Arabia and Russia.

Loans of up to €25,000 per household will be offered to homeowners who want to reduce their energy bills.

Exports to Eurasian Economic Union (EEU) countries in the first 11 months of the present Iranian year (ending on ) stood at $1.244 billion, registering a growth of 105 percent, compared to the same period in the year before.

More than 250,000 tons of commodities worth over $215 million were exported from the central Iranian province of Semnan during the 11 months to February 19.

Iran has exported some two million tons of commodities from border terminals of the Southeastern province of Sistan-Baluchestan in the past eleven months of the current Iranian year (that will end on March 21).

Despite some rumors, customs offices of Iran at joint borders with Afghanistan will continue providing their usual services by the end of the current Iranian calendar year (March 20, 2020).

Iranian Oil Minister Bijan Namdar Zangeneh says the United States' claims that Tehran’s import of medicine and other humanitarian goods are exempt from Washington's unilateral sanctions are a very big lie.

Already grappling with risks from the spreading coronavirus, markets around the world found themselves opening Monday with yet another shock – Saudi Arabia firing the first shot of an oil price war. The move lead Brent crude to drop by almost a third at one point Monday, sinking the global …