Social and Events

The head of the Organization of Industry, Mine and Trade of Gilan Province in northern Iran said on Monday that the non-oil export of the province surpassed reached $579 million dollars in the last Iranian year (ended March 19, 2020). Saying that the province had an acceptable record despite all …

The National Iranian oil Refining and Distribution Company has completed a new oil products storage terminal in northwestern Iran, named after slain military commander Qassem Soleimani, the semi-official news agency ILNA reported on Saturday. The terminal, in Orumiyeh, has the capacity to store 118 million litres of oil, gasoline and …

OPEC and its allies will not hold their emergency virtual meeting on Monday and will likely postpone it until April 8 or 9 to allow more time for negotiations among oil producers on crude supply cuts, two OPEC sources said on Saturday.

Iranian Ambassador to France Bahram Qasemi in a message on Saturday said that those who call for boosting sanctions and maximum pressure in the crisis-stricken world should be responsible for death of thousands of innocent people. Those who are speaking of sanctions and maximum pressures amid the coronavirus-crisis-stricken world and …

Saudi Arabia and Russia appear no closer to a detente in their oil price war, despite Thursday’s videoconference summit of G20 leaders to discuss the coronavirus’ impact on the world economy. A post-meeting statement by the organization did not mention oil nor energy, despite US pressure on Saudi Arabia this …

The International Monetary Fund (IMF) called Tuesday, March 24, for urgent action from Middle East governments as the coronavirus pandemic threatens a persistent slump in oil revenues and a “big drop” in growth. The IMF said a dozen Middle Eastern and North African countries had already approached it for financial …

The value of Iran’s non-oil trade stood at $85 billion in the past Iranian calendar year of 1398 (ended on March 19, 2020), the head of Islamic Republic of Iran Customs Administration (IRICA) announced. Mehdi Mir-Ashrafi put the weight of the country’s annual non-oil trade at 170 million tons and …

In a Sunday meeting between Iranian Ambassador to Kuwait Mohammad Irani and Chairman of the Kuwait Red Crescent Society Hilal Al-Sayer, the two sides underlined the significance of mutual cooperation on combating against the novel coronavirus. The Iranian envoy named US-led sanctions on his country as the main factor preventing …

Head of the Coronavirus Control Operations HQ in Tehran said Saturday that the Iranian capital is getting ready for the next phase of battling the deadly virus this week. Alireza Zali, Head of the Coronavirus Control Operations HQ in Tehran, said the capital is about to enter the next phase …

The storage capacity of Iran’s Offshore Oil Company, which is located on Siri Island of Hormuzgan province, in southern Iran will increase by 1 million barrels, said Ebrahim Alipour, Executor of the Iranian Offshore Oil Company’s overhaul project on the Siri Island, Trend reports citing the company’s website. According to …