Tag Archives: International Organizations

Oil production in Russia remains expensive compared to other parts of the world.

The Indian government has been engaged in a major effort to introduce electric vehicles and use renewable energy for transport.

A total sum of $2.5 to $2.4 billion is estimated to be earned from the gas price hike in the country.

The government is currently offering around $108 billion hidden subsidies and the correction in gas price will recover around $2.5 billion of objective-less subsidies.

Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei underlined his support for the government plan to increase the gasoline prices. but meantime. called on officials to prevent its impacts on other commodities'. prices.

In the short term. the market ought to pick up as global oil demand growth accelerates.

While describing Iran’s salient achievements in the scientific and academic fields. the science minister emphasized that Iran is ready to exchange experiences with UNESCO in relevant issues.

The NIOPDC issued a statement. announcing new pricing for gas in Iran. adding that there will be no change in diesel and CNG prices.

Russia will continue working together with OPEC to stabilize the oil market.

Most analysts have pointed out that there are some major issues with the company’s financials. its valuation and possible returns for the Kingdom.