The trade exchanges between Iran and Turkey in the first two months of 2024 reached $930 million, showing a one percent increase compared to the same month last year.
BREAKING NEWS Feed Atom
Oil exports in the previous Iranian calendar year, which ended on March 19, fetched the country $35.87 billion, said the Islamic Republic of Iran Customs Administration (IRICA) head on Tuesday.
Rise in oil prices does not contribute to improvement of economic growth, said the Iranian government’s economic spokesman on Tuesday.
The Chatterjee Group (TCG) is in talks with local and global companies to partner with its majority-owned petrochemical firm Haldia Petrochemicals Ltd (HPL) to build a more than $10 billion project in southern India, HPL's chief executive said.
Canada's First Nations are buying stakes in Canadian energy projects at an accelerating pace as they seek economic benefits from projects on their land and companies look to raise capital.
Brent futures for June delivery were up $1.29, or nearly 1.5%, at $88.71 a barrel by 0912 GMT. U.S. West Texas Intermediate (WTI) crude futures for May rose $1.30, or about 1.6%, to $85.01.
Average daily gasoline consumption in Iran has reached about 132 million liters in the first 12 days of the current Iranian calendar year (March 20-31), according to the National Iranian Oil Products Distribution Company (NIOPDC).
The China Customs has announced that the trade exchanges between Iran and China stood at more than $2.8 billion from January to February 2024.
Iran’s Oil Ministry has created a stable market for knowledge-based companies, said a ministry official on Monday.
Canada is not interested in subsidizing future liquefied natural gas (LNG) projects, including electrification of projects currently in the works, Energy and Natural Resources Minister Jonathan Wilkinson said in a television interview on Sunday.
Top oil exporter Saudi Arabia may raise the official selling price (OSP) for flagship Arab Light crude in May after Middle East benchmarks strengthened last month, industry sources said.
Brent crude was 10 cents lower at $86.90 a barrel by 1115 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was at $83.14 a barrel, down 3 cents following a 3.2% gain last week.
The presidents of Iran and Türkiye stressed following up and implementing agreements, as well as fulfilling commitments to strengthen the political, economic and cultural relations as much as possible, secure benefits, increase unity and integrity among the Islamic Ummah.
Dr Muhammad Hanif Mughal, Chairman of Pakistan Tehreek-e-Shadbad, said on Sunday that Pakistan has not found a solution to its energy crisis during the last few decades and cannot resolve the energy problem without importing gas from Iran.
Iran has increased its daily oil production by 50,000 barrels in the first two months of the current year.
QatarEnergy CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output.
Iraq is expected to witness a substantial increase in natural gas production by the year 2050, as estimates from the Gas Exporting Countries Forum (GECF) indicate.
India's top refiner Indian Oil Corp entered a pact with Panasonic Energy to form a joint venture to manufacture lithium-ion cells in India, the refiner said in a statement on Sunday, to prepare for rising local demand.
Head of Iran’s Space Agency Hassan Salariyeh announced the operation of the first phase of the Chabahar space launch base in the new year.
The U.S. Interior Department on Friday announced new oil and gas lease sales on public lands as well as an increase in royalty rates, a pair of moves likely to be unpopular among both environmental groups and the fossil fuel industry.