Iran’s minister of economic affairs and finance said the oil industry attracted the highest foreign investment in the 11 months of the current Iranian calendar year (starting March 21, 2023).
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Iran’s oil sector has witnessed a twofold increase in its annual economic growth in autumn 2023, said the government’s economic spokesman on Tuesday.
Goldman Sachs raised its summer 2024 Brent peak forecast by $2 a barrel to $87 as disruptions in the Red Sea contribute to modestly larger-than-expected draws in OECD commercial stocks, the bank said in a note dated Sunday.
Expert meetings of the 17th Iran-Russia Joint Economic Commission started in Tehran on Monday.
Iran’s Plan and Budget Organization (PBO) chief announced on Wednesday the oil and gas sector’s economic growth in autumn 2023 reached 21.8 percent.
Walmart -backed Indian e-commerce firm Flipkart has held discussions over potentially acquiring the on-demand delivery platform Dunzo, TechCrunch reported on Tuesday, citing three people familiar with the matter.
Iran exported commodities valued at $1.8 billion to India during the first ten months of the current Iranian calendar year (March 21, 2023-January 20, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
The head of Iran’s National Development Fund (NDF) said the fund is going to invest $35 billion in the oil industry within the next five years, IRNA reported on Monday.
Egypt is continuing to pay energy groups despite the difficult situation it is going through because of the conflict in Gaza, the Chief Executive of Italy's Eni Claudio Descalzi said on Friday.
The United States Department of the Treasury has announced new sanctions against three individuals and four entities over the allegations that they were transferring sophisticated American technology to Iran.
The establishment of free trade zones (FTZs) in Iran dates back to the Iranian calendar year 1368 (March 1989 - March 1990) following the fall in the country’s oil income in the preceding year which prompted the government to promote non-oil exports.
Iran’s oil minister said on Tuesday the development of the tourism industry can contribute to the country’s economy and reduce reliance on oil revenues.
The Organization of the Petroleum Exporting Countries is in talks with several countries interested in joining the wider alliance known as OPEC+, its secretary-general said on Monday.
A member of the Iranian Parliament’s Plan and Budget Committee said the Oil Ministry has achieved “stunning” successes.
Iran’s oil minister said 200 essential items have been produced by domestic manufacturers under the 13th administration.
Iran’s deputy oil minister on Wednesday said 6,354 hard-to-reach villages and 50 towns have been supplied with gas since the 13th administration took office about 30 months ago.
Shastan Trading Investment Company, a major holding with many subsidiaries active in oil, gas, refining and petrochemical fields, was accepted in the Tehran Stock Exchange (TSE), which is Iran’s main stock exchange, on Monday, the Public Relations Department of TSE reported.
Iran’s Oil Ministry has had a “successful” tract record of promoting energy diplomacy and meeting domestic needs since the 13th administration took office in August 2021, said a member of Parliament on Monday.
Iranian Oil Minister Javad Owji held talks with Venezuela’s high-ranking officials on bilateral relations and ongoing projects in Caracas.