Tag Archives: Iran

The CEO of the National Iranian South Oil Company (NISOC) said his company had started production from the first well in a package of projects aimed at enhancing productivity of old oil fields in Iran.

Iranian Minister of Petroleum Bijan Zangeneh said the first offshore well of South Pars Phase 11 project would be drilled in the current Iranian calendar year which began on March 20.

Tehran’s Mayor Pirooz Hanachi and his counterpart in Seoul Park Won-soon shared experiences in the fight against coronavirus pandemic in a video talk on Tue.

After the United States opposed the IMF loan grant to Iran, a member of the Iranian Parliament's Plan and Budget Commission said that Tehran can take back its membership fee paid to the Fund over the past years.

International Monetary Fund (IMF) on Tue. predicted that Iran’s economic growth and inflation would improve during the outbreak of coronavirus, COVID-19.

Global oil prices have been hit with a double whammy by the spat between Russia and Saudi Arabia in mid-March over output cuts and the coronavirus (COVID-19) pandemic.

Goldman Sachs said on Sunday that oil prices would continue to fall in the coming weeks, reasoning that a historic yet insufficient deal by major oil producers to cut output is unlikely to offset a coronavirus-led demand rout.

The details of the coronavirus rescue package which has been provisioned to help low-income households and struggling businesses that have been affected by the economic consequences of the pandemic over the past two months.

Three Iranian knowledge-based companies are working on discovering the exclusive antibody of coronavirus known as immunoglobulin, according to an official.

Iran and Turkey traded 54,000 tons of goods last month amid the coronavirus outbreak and railway transportation served as the only means for transfer of goods between them.