RoydadNaft – State-run explorer Oil India on Wednesday reported an over 80% drop in second-quarter profit as it set aside 23.63 billion rupees for an ongoing…
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Iran’s trade with the members of the Economic Cooperation Organization (ECO) reached about $10.2 billion in the first seven months of the current Iranian calendar year (March 21-October 22), registering a 4.5 percent rise year on year.
Canadian oil producer Crescent Point Energy said on Monday it has agreed to acquire Hammerhead Energy in a cash and stock deal valued at C$2.55 billion ($1.86 billion) to boost its presence in the Montney shale play in Alberta.
RoydadNaft – Saudi Aramco on Tuesday reported a 23% fall in third-quarter net profit on the back of lower oil prices and volumes sold, marginally…
U.S. corporates and private equity firms are increasingly eyeing Canadian oil and gas companies for acquisition, drawn by lower valuations, ample fossil fuel reserves, and improving market access, according to dealmakers and analysts.
The International Monetary Fund (IMF), in its latest World Economic Outlook Report dubbed “Navigating Global Divergences”, has positively revised its forecast for Iran's gross domestic product (GDP) growth in 2023, expecting the country’s economy to grow 3.0 percent this year.
The new ambassador of Saudi Arabia in Tehran announced the formation of the Supreme Council of Iranian and Saudi Traders and Businessmen and said all business and commercial relations between the two countries and joint projects will be carried out under this council.
Disney is nearing a deal to sell its India operations, which it values at around $10 billion, to Reliance Industries, its biggest rival in the country, rather than sell the business in parts, Bloomberg News reported on Monday.
A member of Iran and Russia chamber of commerce has said that the two countries will begin a free trade by the early 2024.
A broad easing of U.S. oil sanctions on Venezuela will not quickly expand its output but could boost profits by returning some foreign companies to its oilfields and providing its crude to a wider set of cash-paying customers, experts said.
Indian shares declined on Wednesday as Bajaj Finance led a slide in financials after disappointing results and due to nagging concerns about elevated oil prices and U.S. interest rates as well as the Middle East conflict.
The Islamic Republic of Iran Shipping Lines (IRISL) has invested 3.7 trillion rials (about $7.2 million) in Assaluyeh’s Pars Port to begin port operating services in the mentioned port, IRIB reported.
Iranian Finance and Economic Affairs Minister Ehsan Khandouzi said he has held talks with his Syrian counterpart on the sidelines of the annual meeting of the International Monetary Fund (IMF) in Marrakech, to discuss the implementation of the agreements reached between the two countries during President Ebrahim Raisi’s visit to Damascus.
Head of Iran Chamber of Guilds Mojtaba Safaei hosted a meeting with Abdullah bin Saud al-Anzi, Saudi Arabia’s new Ambassador to Tehran, on Saturday evening, in which the officials discussed ways of expanding trade relations between the two countries.
Moscow and Baku are discussing the possibility of Russian oil supplies to Azerbaijan via the Baku-Tikhoretsk oil pipeline in reverse mode, the Russian government announced late on Thursday.
Russian President Vladimir Putin said on Wednesday that coordination by the OPEC+ group of leading oil producers would continue to ensure predictability on the oil markets.
During a meeting between Iranian Oil Minister Javad Oji and Belarussian Minister of Industry Rogozhnik Alexander Nikolaevich at the place of Iranian Oil Ministry in Tehran on Tuesday evening, the two sides stressed the need to expand relations in the field of energy.
Iran has surpassed regional countries in oil and gas exploration since the 13th administration took office two years ago, said the National Iranian Oil Company (NIOC) managing director.
Iran says it has received $43 million in damages from the United States under Case No. A15 of the Iran-United States Claims Tribunal.
RoydadNaft – In its latest economic report on the Middle East and North Africa (MENA), the World Bank has predicted a 4.1 percent…