The Gas Exporting Countries Forum's (2050) forecast report projects that global natural gas investments will total almost $9 trillion by 2050, with $8.2 trillion directed toward the upstream sector and $0.74 trillion for the midstream sector.
ECONOMY Feed Atom
The oil sector’s economic growth in the previous Iranian calendar year (ending March 19) shows that the sanctions imposed on the industry have failed, said a member of the Parliament.
Russian President Vladimir Putin said the successful holding of the 17th Joint Economic Commission between the Islamic Republic of Iran and the Russian Federation in Tehran and the 77% growth in goods trade are positive signs of the promotion of bilateral cooperation.
Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei on Wednesday urged mobilization of all resources and collective efforts by the entire nation to bolster economic growth.
Ayatollah Seyyed Ali Khamenei congratulated Iranians on Nowruz, naming the year 1403 as "Surge in Production through People's Participation."
The Iran-India Joint Chamber of Commerce is going to hold its annual general assembly in Tehran on April 15, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
The Indian government has raised its windfall tax on petroleum crude to 4,900 rupees ($59.15) a tonne from 4,600 rupees with effect from March 16, according to a government notification released on Friday.
The oil and gas sector’s growth in the first nine months of the Iranian calendar year (starting March 21, 2023) surged beyond 16 percent, said the Central Bank of Iran (CBI) governor.
Brent crude futures for May rose 70 cents, or 0.83%, to $84.73 a barrel by 1346 GMT. U.S. West Texas Intermediate (WTI) crude for April was up 88 cents, or 1.1%, at $80.60.
The head of the Qeshm Free Zone Organization said Chinese investors welcome the investment packages introduced at Iran’s free trade-industrial zones, Tasnim News Agency reported.
Iran’s government spokesman said on Tuesday the 13th administration is seeking to broaden cooperation with energy partners.
A member of the Iranian Parliament’s Energy Committee said on Tuesday cooperation between Tehran and Moscow in the energy sector is a crushing response to sanctions.
Iran’s oil sector achieved strong growth in the first nine months of the current Iranian calendar year (starting March 21, 2023), registering a 292 percent rise year-on-year.
The Federation of Iranian Energy Export Industries (FIEEI) head said on Saturday new markets can be identified by utilizing the energy capacities of Iran and Russia.
The Iranian and Iraqi oil ministers discussed the integrated development of joint fields, trade of gas and oil products, payment methods, and development of infrastructure on Saturday.
A member of the Iranian Parliament’s Energy Committee said on Saturday promotion of energy diplomacy is key to the development of the oil and gas industry and referred to Russia as the strategic partner of Iran in the energy sector.
Iran will host the 26th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) this year.
An official at the Trade Promotion Organization of Iran (TPOI) said the organization has taken effective measures to get the lion’s share in the Syrian market.
Tehran and Moscow signed 19 cooperation documents during the closing ceremony of the 17th Joint Economic Commission between the Islamic Republic of Iran and the Russian Federation in Tehran on Wednesday.
Iranian Oil Minister Javad Owji on Wednesday said the contracts signed with Russian companies to develop eight oil fields have helped his country add more than 200,000 barrels to its daily production.