Under an agreement signed between Iran and Russia. Moscow was set to allocate a one-billion-dollar loan to Tehran for construction of a 1400-megawatt power plant in southern Iran.
Read More »Saudi Arabia Replaces Aramco Chairman Ahead of Potential IPO
Aramco plans to float around five per cent of the state-owned company in 2020 or 2021.
Read More »Iran. Syria to Expand Banking Coop.
Governor of the Central Bank of the Islamic Republic of Iran (CBI) Abdolnaser Hemmati met and held talks with his Syrian counterpart Hazem Karfoul on development of economic and business relations.
Read More »EAEU-Iran Trade Deal to Take Effect on Oct. 26
A key trade deal between Iran and the Eurasian Economic Union (EAEU) will officially take effect on October 26. Russian Energy Minister Alexander Novak said in a meeting with his Iranian counterpart Reza Ardakanian.
Read More »Parkmead Not Easing Off Oil and Gas Despite Renewables Plunge
Oil and gas firm Parkmead Group has heralded its entry into the renewables sector after agreeing to buy farmland majority-owned by the wife of chief executive Tom Cross.
Read More »Iran Euro-4 Petrol Production at 76 ml d in March 2019
There was currently a supply glut in the global oil market which was caused by the US shale boom.
Read More »Mitsubishi Invests in UK Company to Bring Off-Grid Solar to Asia
The funding is further evidence of Japanese interest in Africa and in PAYG [pay as you go] solar energy globally.
Read More »China`s Gas Production to Double by 2040
In 2019. China included tight gas in the new unconventional gas subsidy scheme for the first time.
Read More »Government Announces £300m to Accelerate Greener Travel
Funding will support new technologies including electric passenger planes. flying urban taxis and freight-carrying drones.
Read More »Iran to Start Track-Laying for Rail Link to Azerbaijan
Iranian Deputy Minister of Road and Urban Development announced that his country will soon start track-laying operations for 40 kilometers of Astara-Rasht railroad which will link Azerbaijan’s Southern city of Astara with Iran’s vast network.
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