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 …
Read More »Iran, Turkmenistan Deputy FMs Discuss Ties
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 …
Read More »Non-Oil Exports, Driving Force of Iran’s Economy in Current Year
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 …
Read More »Adjustments under OPEC+ Agreement Get Going
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 …
Read More »Venezuelan President Maduro Appoints New Heads of PDVSA and Oil Ministry
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 …
Read More »Qatar Searches for Investment Opportunities in Tech, Health
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 …
Read More »Russia’s Energy Ministry Expects Gradual Revival in Oil Demand in Second Half of Year
Russia’s energy ministry expects that demand on the oil market will gradually restore in the second half of the year but before it happens oil producing countries should avoid filling of oil storage facilities to the full and prevent a market collapse, Minister Alexander Novak said on Sunday. “The world …
Read More »COVID-19 Curbs Tax Revenues
The government could see a decline of 400 trillion rials ($2.46 billion) in tax revenues as a result of the new coronavirus disease, COVID-19, if the economic effects of the pandemic on businesses go away within the next couple of months, Omid Ali Parsa, director of Iranian National Tax Administration …
Read More »Scientists of Rosneft and Russian Arctic National Park Discover Microorganisms able to Clean Soil from Oil Pollution
Within the scope of Clean Arctic complex joint project, experts of Rosneft and Russian Arctic National Park discovered bacteria that can be used as a basis for development of an innovative agent for cleaning soils from petroleum-based products. Scientists uncovered the promising microorganisms during the acquisition of samples of polluted …
Read More »Iran’s Trade Events, Fairs not to Be Canceled this Year Due to Pandemic
No trade events and exhibitions will be canceled in the current Iranian calendar year [started March 21, 2020] due to the outbreak of coronavirus, COVID-19, in the country.
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