Emphasizing that all oil-rich countries, including Iran, have suffered losses, President Hassan Rouhani said that Iran will suffer less damage as its reliance on crude oil is less than other countries.
Read More »Trump, Coronavirus Go Hand in Hand to Make American Crude Valueless
Monday, April 20, 2020 was a historic day for oil market. West Texas Intermediate (WTI) closed below zero for the first time.
Read More »Iran Ready to Deepen Ties with Uganda
Relations between Iran and Uganda very good and based on mutual respect and said, we are ready to develop bilateral relations in all fields without any restrictions and use all capacities and capabilities in the two countries in the direction of friendly relations.
Read More »Iran’s Trade Events, Fairs not to Be Canceled this Year Due to Pandemic
No trade events and exhibitions will be canceled in the current Iranian calendar year [started March 21, 2020] due to the outbreak of coronavirus, COVID-19, in the country.
Read More »NIOC Studies, Prioritizes all Sedimentary Basins for Exploration
A senior official with the National Iranian Oil Company (NIOC) underlined the importance of studying and modeling sedimentary basins to ensure exploration in the coming years.
Read More »IRGC Puts Iran’s First Military Satellite into Orbit
Iran’s Islamic Revolutionary Guards Corps (IRGC) has successfully put its first military satellite into the orbit.
Read More »Govt. Submits Agreement on Intl. Railway Link Between Iran, Afghanistan to Parl.
A bill on Agreement between Islamic Republic of Iran and Afghanistan on International Railway Communications, signed and sealed by the Iranian President Hassan Rouhani, was sent to the Parliament on Monday.
Read More »Iran Ready to Transfer Experiences of Fight Against COVID-19 to Azerbaijan
Iranian President Hassan Rouhani referred to measures adopted in the fight against coronavirus and voiced Iran’s readiness to transfer experiences to friendly and neighboring countries.
Read More »Qom Province’s Exports Exceed $220mn per Annum
The producers of the central Iranian province of Qom exported about 290,000 tons of non-oil products worth $220 million during the last fiscal year (ended March 19), a senior official said.
Read More »US Oil Drops Below $3 Per Barrel as Demand Disappears
A key American oil benchmark, West Texas Intermediate, fell by more than 80% on Monday as global oil markets continue to grapple with a pandemic-driven collapse in demand.
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