The Indian Government has allocated approximately Rs75bn ($895.74m) for seismic data acquisition and drilling of stratigraphic wells, reported the Economic Times.
ECONOMY Feed Atom
Iran’s foreign trade value, including oil exports, has reached 51 billion dollars over the first four months of the current Iranian calendar year, since 21 March 2024.
Russia’s VTB Bank will participate in the 14th International Exhibition of Exchange, Bank and Insurance (Iran Finex 2024), according to the secretary of the policy-making council of the exhibition.
India and Saudi Arabia on Sunday discussed various opportunities for bilateral investments in diverse areas in the public and private sectors, including refining and petrochemical plants, new and renewable energy, and power.
Iran’s non-oil exports rose by $1.35 billion in the four months to July 21 compared to the same period last year, according to the latest figures released by Iran’s House of Industry, Mine and Trade.
Iranian Energy Minister Ali-Akbar Mehrabian has said that six major power plant units have come back on stream after going through overhaul to meet the rising demand for electricity in the coming weeks, IRNA reported.
Iran’s Trade Promotion Organization (TPO) has held a seminar on the trade opportunities of Iran and Turkmenistan as the Islamic Republic is going to hold specialized agrifood exhibition in Turkmenistan, the TPO portal reported.
Indian Oil Corporation (IOC) aims to generate $1 trillion in revenue by 2047, demonstrating its commitment to expanding its global presence and strengthening its position in the energy sector.
The head of Central Bank of Iran (CBI) Mohammadreza Farzin says that the oil sector’s growth stood at 14.7 percent during the last Iranian year of 1402, which ended on March 19, 2024.
The head of the Islamic Republic of Iran Railways (RAI) Seyed Miad Salehi announced that Russia's coal was exported to India through Iran's railway for the first time.
The United States has granted Iraq another four-month sanctions waiver to purchase Iranian electricityو a State Department spokesperson has said to local American media.
The latest figures by the Statistical Center of Iran (SCI) puts the country’s jobless rate at 7.7 percent in the first three months of the current calendar year to late June.
Petroleum Minister Javad Owji views signing the Russian Gas Transfer to Iran Document as a significant step in the 13th administration's energy diplomacy, potentially fostering economic growth and ensuring Iran's energy security.
Bangladesh Prime Minister Sheikh Hasina said her government would prefer neighboring India execute a $1 billion river development project, a move that would soothe New Delhi’s security concerns.
Iran and Australia emphasized on the expansion of cooperation between the two countries in non-sanctions fields during a meeting held at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).
The World Bank (WB), in its latest report, predicted that Iran’s economy will grow 3.2 percent in 2024 and the inflation rate will decrease to 35.3 percent.
Russian President Vladimir Putin has told Iran’s Parliament Speaker Mohammad Baqer Qalibaf that cooperation between the two countries will continue to grow.
The oil industry is predicted to grow 8 percent over the five-year development plan to March 2028 amid rising oil production to 5.5 million barrels daily.
Iran exported $3.0 billion worth of commodities to Iraq during the first three months of the current Iranian year, registering a 27 percent rise compared to the previous year's corresponding period, the caretaker of Iran’s Commercial Consultancy Office in Baghdad said.
Indian Ambassador to Iran Rudra Gaurav Shresth says that if the Iranian economy was not under the pressure of sanctions, the volume of trade between the two countries could reach $16 billion while it is now as low as $2 billion.