Tag Archives: Financial Tribune

Iraq Waiting for Resumption of Iran Gas Supply

Iraq is still waiting for Iran to resume supplying the country with sufficient amounts of gas for power generation, after the US granted Baghdad a 90-day waiver to continue to import electricity from Tehran on Dec. 30. “The reason for power shortages in provinces is the continuing slashing of Iranian …

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Oil Demand to Plateau in Late 2030s

World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the coronavirus crisis on the economy and consumer habits. The prediction from the Organization of …

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OPEC Cuts Production to 1991 Levels to Revive Markets

OPEC slashed oil production to the lowest level since the Persian Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand again. Saudi Arabia delivered the extra curbs promised in June, and the laggards, though still trailing in …

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40% Decline in Iran’s Trade with China

Iran’s commercial exchanges with China amounted to $5.26 billion during January-April to register a 40.6% decline compared with the 2019 corresponding period. As data from the General Administration of Customs of the People’s Republic of China show, Iran’s exports to China during the four months totaled $2.34 billion, indicating a …

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2 New Airport Projects Come on Stream in Iran

Two new airport development projects were inaugurated on Monday by President Hassan Rouhani, Minister of Roads and Urban Development Mohammad Eslami, Managing Director of Iran Airports Company Siavash Amirmokri and other officials via videoconferencing. The first project is the new runway at Ramsar International Airport in the city of Ramsar, …

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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 …

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