Iranian Parliament Energy Committee member emphasizes "Transformation in Investment and Development" event as crucial for "Year of Investment for Production," attracting capital to oil, gas, and upstream industries.
ECONOMY Feed Atom
Iran’s private sector has expressed strong support for the beginning of indirect talks between Tehran and Washington, citing the potential for improving the country’s economic landscape.
The National Iranian Oil Company (NIOC) is set to host an event this spring aimed at transforming investment and development in Iran's upstream oil and gas sector.
Russian Energy Minister Sergey Yevgenyevich Tsivilyov met with Iranian Ambassador Kazem Jalali, resulting in an agreement for the 18th Joint Economic Committee meeting between the two countries.
In the year 1404, designated as the "Year of Investment for Production," the Leader of the Islamic Revolution conveyed a message marking the beginning of the new year, expressing wishes for goodness, prosperity, and victory for the Islamic community.
The latest calculations by the Parliament Research Center show that the country's economic growth in Dey (Dec. 21, 2024-Jan. 19, 2025) increased by 1.8% compared to the same month last year, while non-oil economic growth stood at 1.3%.
Canadian Energy Minister Jonathan Wilkinson stated that Canada will respond to US tariffs and emphasized that it is not seeking to escalate trade tensions between the two nations.
The Central Bank of Iran (CBI) said on Monday that petrochemical companies had failed to return some 30% of the hard currency they have earned from exports in the calendar year that started in late March 2024.
US President Donald Trump said that India has agreed to “cut their tariffs way down,” signalling a potential shift in trade relations between the two countries.
Iran says Washington's continuation of its so-called "maximum pressure" policy against Tehran is tantamount to "crime against humanity," stressing that the failed policy will not yield new results for Washington.
Russian Consul General in Iran Andrei Zhiltsov said Iranian products offer competitive pricing, quality, and variety, making them strong contenders against Chinese and Turkish goods in the Russian market.
Iran's GDP grew by 3.1% YoY in the first nine months of 2024, including oil, according to the latest quarterly national accounts from the Statistical Center of Iran.
Representatives from Iran and Belarus' private sectors have held talks on establishing an industrial unit for the joint production of advanced equipment.
Iran and Brazil have agreed to expand their financial and banking relations, with a focus on using national currencies in bilateral trade and leveraging banking infrastructure for economic cooperation.
Iran's Free Zones High Council aims for $2.0 billion in exports in the next year, removing legal barriers and introducing new incentives to boost trade.
The CEO of Pars Oil and Gas Company (POGC) highlighted the significant role of South Pars in Iran’s economy and national security, stating that the field contributes $100 billion annually to the country’s gross domestic product (GDP).
Iranian President Masoud Pezeshkian traveled to Kerman Province on Saturday to inaugurate four major economic and industrial projects worth more than 200 trillion rials.
Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos.
Now it has become more and more difficult to address problems resulting from inexpert and populist policies in energy consumption. Unfortunately, energy consumption is under the influence of politics rather than economics.
The parliamentary deputy to the president stated that hidden energy subsidies in the country amount to a significant sum and are one of the reasons behind the smuggling of energy resources.