Social and Events

Foreign Minister Mohammad Javad Zarif and Oil Minister Bijan Namdar Zanganeh have offered commiserations on the passing of Iran’s OPEC Governor Hossein Kazempour Ardebili. Kazempour Ardebili, 68, passed away in a Tehran hospital on Saturday two weeks after he slipped into a coma due to a brain haemorrhage. In a …

Saudi Arabia’s cabinet has urged OPEC+ countries to further reduce oil production rates to restore balance in global crude markets, state news agency (SPA) reported early on Wednesday. “The cabinet affirmed the Kingdom of Saudi Arabia’s endeavor to support the stability of global oil markets,” according to a statement. “The …

Deputy head of Iran’s Geological Survey and Mineral Explorations (GSI) Mohammad Baqer Dorri said that GSI will apply its modern equipment to do mine explorations in the regional states as the country has done related operations in various regions of the world. “There are 68 kinds of minerals in Iran …

Iran and Nakhchivan studied avenues for boosting trade cooperation between the two sides via a virtual meeting on Sunday. During the meeting, the parties shared their views and voiced their suggestions for advancing cooperation. Iran’s Consul General in Nakhichevan Ahmad Hosseini expressed the hope that after examining the proposals, the …

World Health Organization (WHO) Representative in Iran Christoph Hamelmann, praised Iran’s efforts in contain COVID-19. On the sidelines of the meeting of the World Health Organization (WHO) Representative in Iran and the Iranian Iranian Blood Transfusion Organization (IBTO) committee of COVID-19, Christoph Hamelmann talked about Iran’s progress in confronting COVID-19 …

The senior foreign ministry of officials of Iran and Turkmenistan held a meeting via video conference Tuesday night to discuss an array of issues of mutual interest. The meeting was chaired by Iran’s Deputy Foreign Minister Abbas Araghchi and his Turkmen counterpart, Hajiev Vafa, during which the two sides discussed …

Iranian Minister of Industry, Mine and Trade Reza Rahmani said that export of non-oil commodities is the driving force of economy of the country in the current year [started March 21, 2020]. In this line, activation of all export capacities and export markets with a focus on the private sector …

Abu Dhabi National Oil Company (ADNOC) has notified its customers in a letter of its plans to voluntarily adjust its crude oil production in May and June 2020, Trend reports citing OPEC. May’s voluntary adjustments: 15 percent Murban crude; 5 percent Umm Lulu crude; 5 percent Das crude; and 15 …

Amid the global COVID-19 pandemic and volatility in the oil market, Venezuela has also experienced an over 60 percent fall in oil production. Venezuelan President Nicolas Maduro has appointed new heads of the oil ministry and PDSVA, the state oil company, according to the decrees published in Gaceta Oficial. Tareck …

Qatar’s sovereign wealth fund will remain “very active” through the coronavirus pandemic as the oil-rich Gulf investor searches for deals in the health and technology industries, the country’s finance minister told the Financial Times newspaper. Ali Shareef Al Emadi said the $320bn Qatar Investment Authority’s (QIA’s) “main focus” would be …