Imbalance in some sectors, including the energy sector, is both a big threat and a great opportunity, said the Iranian Parliament speaker on Tuesday.
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Oil production cuts agreed by the OPEC+ group will take time to kick in, the Kremlin said on Tuesday as it confirmed that President Vladimir Putin would visit the United Arab Emirates and Saudi Arabia on Wednesday.
The issue of regionalism is important for Iran since it has been subjected to the most severe sanctions system of the US and the West for years. Iran is trying to neutralize the sanctions by taking advantage of the capacity of regional links and developing relations with neighboring countries.
The head of Iran’s Trade Promotion Organization (TPO) has said Tehran and Muscat are determined to increase the volume of trade relations and have started negotiations to sign a preferential trade agreement in the near future.
President Seyyed Ebrahim Raeisi on Monday voiced Iran’s readiness to cooperate with Cuba in different fields, including the energy sector.
The presidents and high-ranking officials of Iran and Cuba signed seven memorandums of understanding (MoUs) and documents to cooperate in different fields, including the energy sector here on Monday.
Iran’s 13th administration has given top priority to using oil revenues for making investment in different sectors instead of meeting executive expenses, said the government spokesman.
The trade exchanges between Iran and Turkey in the first 10 months of 2023 reached $4.4 billion, showing a 16 percent decline compared to the same period of last year.
COP28 marks both a milestone in the ongoing negotiations on the future of our planet and a moment of pride for OPEC as it takes place in one of our member countries, the UAE.
Oil and gas trade has had a remarkable effect on Iran’s economic growth, said a member of the Parliament’s Energy Committee on Saturday.
The Biden administration on Saturday unveiled final rules aimed at cracking down on U.S. oil and gas industry releases of methane, part of a global plan to rein in emissions that contribute to climate change.
A member of Iran’s Parliament said the effects of the government’s policies to neutralize sanctions and increase oil revenues and economic growth are “noticeable”.
Iran's GDP including oil grew 7.1 percent in the second quarter of the current Iranian calendar year, compared to the second quarter of last year, according to the Statistical Centre of Iran .
Sri Lanka is trying to find a way out of a clause which allowed India to block petroleum development in Trincomalee, according to an agreement signed on a tank farm, Energy Minister Kanchana Wijesekera said.
The premier of Alberta said her government intends to move an act on Monday to shield provincial power companies from proposed federal clean electricity regulations.
A year after passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda.
Germany's quest to increase LNG import capacity has intensified as it seeks to end reliance on Russian pipeline gas.
Russia has succeeded in selling almost all of its oil well above a Western-imposed price cap of $60 per barrel, a Russian government official said on Thursday.
Officials from the Trade Promotion Organization of Iran (TPOI) and representatives of the private sector have held a meeting to identify and assess trade opportunities between the Islamic Republic and Saudi Arabia.
Europe’s gas inventories continued to accumulate much later than usual into the autumn as exceptionally mild weather delayed the onset of the winter heating season.