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.
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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.
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).
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.