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Iran, Brazil stress joint roadmap for economic cooperation
16 August 2026
3:54 AM
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The Iranian Deputy Minister of Economic Affairs and Finance and Brazil's Deputy Minister of Economy met on the sidelines of the BRICS Finance Ministers and Central Bank Governors meeting in Jaipur, India, to review cooperation capacities between the two countries. They emphasized the need for a joint roadmap to expand economic relations, support the private sector, and increase bilateral trade.

NIOC: Oil spills unlinked to Iran’s facilities
15 August 2026
2:32 PM
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The CEO of the National Iranian Oil Company dismissed social media reports linking oil pollution and slicks in the sea near Qeshm Island to Iran’s oil facilities, saying the company has only limited facilities in the area and they are currently shut down for maintenance.

Iran holds 2nd place in OPEC oil output
13 August 2026
11:48 AM
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Iran’s crude oil production rose by 26,000 barrels per day in July 2026, reaching 2.478 million barrels per day and maintaining the country’s position as OPEC’s second-largest producer after Saudi Arabia, according to the organization’s latest monthly oil market report.

$13.2 billion gas project moves forward with ADNOC’s $8.2B EPC awards to Wison and Maire’s Tecnimont
12 August 2026
11:22 AM
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ADNOC has taken final investment decisions (FIDs) and handed out $8.2 billion in engineering, procurement and construction contracts for phases 2 and 3 of its Rich Gas Development (RGD) project, raising its targeted EBITDA growth to 60% by 2030 versus 2023, which is seen as an upgrade from the previously communicated target of more than 40% over 2023-2029.

ADNOC Gas second-quarter profit falls 52% as Hormuz closure hits sales
10 August 2026
1:18 PM
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ADNOC Gas reported a 52% slide in ‌second-quarter profit on Monday, with sales hit by the closure of the Strait of Hormuz after the U.S. and Israel launched attacks on Iran. The Abu Dhabi state-owned company's second-quarter profit fell to $665 million from $1.39 billion a year earlier but beat its guidance range of $400 million to $600 million.