Rise in oil prices does not contribute to improvement of economic growth, said the Iranian government’s economic spokesman on Tuesday.
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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.
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.
Iranian Ambassador to Russia Kazem Jalali met and held talks with Elvira Sakhipzadovna Nabiullina current head of the Central Bank of Russia.
Iran has earned $15 billion from exporting some 52 billion cubic meters (bcm) since 2017, said the deputy oil minister.
Canadian oil shipments to Los Angeles hit the highest in four years this month ahead of the formal launch of the expanded Trans Mountain pipeline that is expected to boost export volumes further.
The U.S. said on Tuesday it does not support a Pakistan-Iran gas pipeline project from going forward and cautioned about the risk of sanctions in doing business with Tehran.
A bright future is awaiting Iran’s oil industry, said the Parliament’s Energy Committee vice-chairman on Sunday.
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.
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.