Iran’s first vice president on Wednesday said the Shanghai Cooperation Organization (SCO) member states have great capacities for economic cooperation.
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Iraq's Prime Minister Mohammed Shia Al-Sudani said on Tuesday that foreign oil companies operating in the Kurdish region informed his government that if an agreement is reached on oil production costs and contracts, they will resume oil production within a month.
U.S. President Joe Biden’s administration is likely to tighten crude oil sanctions against OPEC member Iran in response to the Islamic Republic’s backing of Palestinian militant group Hamas, according to Helima Croft, head of global commodity strategy at RBC Capital Markets.
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.
RoydadNaft – Iranian First Vice President Mohammad Mokhber and Oil Minister Javad Owji left here for Kyrgyzstan on Wednesday to attend the 22nd Meeting of…
Iran’s oil minister on Tuesday said the 22nd Meeting of the Council of Heads of Government of the Shanghai Cooperation Organization (SCO) Member States in Kyrgyzstan provides a good opportunity for reaching a multilateral agreement on gas transit and constructing a North-South gas corridor in the Central Asian region.
Iran’s President Seyyed Ebrahim Raeisi on Monday urged the Supreme Council of Energy to devise strategies for optimizing energy consumption as soon as possible.
RoydadNaft – The head of Iran’s Trade Promotion Organization (TPO) hosted a meeting with Saudi Arabia’s Ambassador to Tehran to explore ways of expanding economic…
A member of Iran and Russia chamber of commerce has said that the two countries will begin a free trade by the early 2024.
RoydadNaft – An investigation into the damage to the Balticonnector gas pipeline is currently focused on the role of the Chinese NewNew Polar Bear container…
The International Monetary Fund (IMF) in its latest Regional Economic Outlook report for the Middle East, North Africa and Central Asia has ranked Iran 26th among the countries of the mentioned regions in terms of foreign debt.
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.
OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran's foreign minister called on members of the Organisation of Islamic Cooperation (OIC) to impose an oil embargo and other sanctions on Israel, four sources from the producer group told Reuters.
An oil tanker that the U.S. government imposed sanctions on for recently carrying Russian oil above the Western price cap is proceeding to the Baytown refinery in Texas for unloading, Exxon Mobil said on Tuesday.
Iran and Belarus signed a document on cooperation in the oil sector in the Belarusian capital Minsk on Tuesday.
As Tokyo scrambled to respond to Hamas attacks on Israel this month, Japanese officials found themselves debating a perennial fear: what does it mean for the resource-poor nation's oil lifeline from the Middle East?
The Indian government's discomfort over letting state-controlled refiners pay for Russian oil imports with Chinese currency has held up the payment for at least seven cargoes, people with direct knowledge of the matter said.
The value of trade between Iran and the U.S. stood at $33.4 million in the first eight months of 2023, registering a one percent rise compared to the previous year’s same period, IRNA reported citing the latest statistics released by the American Statistical Association (ASA).
Since the start of the Ukrainian conflict, Russia, a leading global oil producer, has cemented its energy ties with China, the world's No. 2 oil consumer after the United States.
The Strait of Hormuz, in Iranian waters, is one of the biggest oil chokepoints in the world. Iran's Foreign Minister, Hossein Amir-Abdollahian, said this week that "other fronts" might open in the Israel-Hamas war. Saudi Arabia, which has been recently working on a deal to build diplomatic relations with Israel, has refrained from taking a side.