Oil prices jumped on Friday but were set for a third straight week of losses after dramatic drops on fears over the economic impact of interest rate…
ECONOMY Feed Atom
The International Monetary Fund (IMF), in its latest regional report on “Middle East and Central Asia”, said Iran’s economy is expected to grow as much as two…
Iran’s president on Thursday voiced his country’s readiness to share its achievements in energy, oil, gas, petrochemical, electricity, scientific, and technological sectors with Syria.
The strong start to the year for Asia’s imports of crude oil came to a halt in April, with arrivals dropping to a seven-month low as top…
More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately repaired or taken out of service, according…
Russia’s federal budget revenues from oil and gas, the lifeblood of its economy, fell 64% in April from the year-earlier period and declined by 5.9% from March,…
Oil prices were steady on Thursday after an European Central Bank (ECB) decision to slow interest rate hikes, but were unable to claw back much of this…
The Islamic Republic of Iran Customs Administration says Iran intends to increase annual trade with the Eurasian Economic Union to $10 billion within less than two years.
Iran’s Shazand Petrochemical Company has managed to manufacture turboexpander, breaking the West’s monopoly.
The Iranian company in collaboration with a knowledge-based firm made…
Iran and Syria signed a comprehensive plan for strategic and long-term cooperation and 14 other documents, including oil and energy agreements, in Damascus on Wednesday.
Iran’s President Seyyed Ebrahim Raeisi accompanied by some ministers, including Oil Minister Javad Owji, arrived in Damascus on Wednesday.
Heading a high-ranking economic and…
A survey conducted by Bloomberg shows that OPEC crude oil production fell by 310,000 bpd in April.
OPEC’s crude oil production fell last month…
Canadian Trade Minister Mary Ng met U.S. Trade Representative Katherine Tai on Tuesday and the two discussed working together to address “shared challenges” regarding Mexico’s energy and…
Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted about the health of the U.S. economy ahead of an expected…
A first home-made ultra-heavy reactor for synthesis gas has been installed at an Iranian petrochemical plant in Asaluyeh, in southern Iran.
CEO of Iran’s…
Iran’s oil minister said the country’s oil production has risen to over 3 million barrels per day (mbd) in the past 20 months ago.
Iran’s ambassador to Moscow on Monday said Russians are eager to use his country’s petrochemical technology and products.
Kazem Jalali made the remarks via…
Iran’s ambassador to Brasilia on Monday said urea fertilizer was the main product his country exported to Brazil in the year to March 20, 2023.
Oil prices fell in Asian trade on Tuesday, extending losses seen in the previous session, as weak economic data from China and expectations of a U.S. interest…
Iran’s Deputy Oil Minister and Managing Director of National Petrochemical Company (NPC) Morteza Shahmirzaei pays a visit to an exhibition held on the sidelines of the 14th…