Iran's Supreme Leader Ayatollah Ali Khamenei called on Muslim states to cease oil and food exports to Israel, demanding an end to its bombardment of the Gaza Strip, state media reported.
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RoydadNaft – While most outlets have been harping on the $6 Billion in aid recently released to Iran by the Biden Administration, Rare would like…
A member of Iran’s Parliament on Tuesday praised the Oil Ministry for doubling exports and getting the revenue over the past two years.
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.
RoydadNaft – Iran’s Permanent Mission to the United Nations has defended its yes vote to an Arab-drafted resolution on the Gaza war at the UN…
The United States needs more heavy oil for a whole series of reasons. President Joe Biden could have chosen to have that oil come from a close friend and ally, environmentally conscious Canada, or from one of the world’s nastiest regimes, Nicolas Maduro’s Venezuela, which doesn’t give a toss about the environment.
In the relationship between nations, trade plays a significant role. Central to the ties between New Delhi and Doha is LNG, the fuel on which India is critically dependent — and of which Qatar is the predominant supplier. This is the context in which diplomacy around the eight Indians on death row will take place.
U.S. waterborne imports of crude from OPEC+ members including Saudi Arabia have dropped steadily over the last year, further tightening supplies in the U.S. while supporting other markets including Europe, according to flows data and analysts.
Kyrgyzstan on Thursday requested Iran to supply oil products, particularly gasoline, gas oil, jet fuel, kerosene and bitumen, and overhaul and modernize one of its refineries.
RoydadNaft – Iran’s first vice president on Wednesday said Tehran and Bishkek agree to implement refining projects in Kyrgyzstan.
Mohammad Mokhber, who held talks…
Iran’s first vice president on Wednesday said the Shanghai Cooperation Organization (SCO) member states have great capacities for economic cooperation.
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…