The global oil market will struggle this year to absorb fast-growing crude supply from outside OPEC, even with the group’s production cuts and US sanctions on Venezuela and Iran, the…
A flurry of intensifying risks could trigger an energy market "crunch" over the coming months, according to the chief executive of BP. His comments come at a time when energy market…
When it comes to Iran, most people have in mind the beauties of Isfahan and the great history of the Persian Empire in Persepolis. As wonderful as those world heritage sites can be, there are…
No 1256
According to central bank data, Iran’s foreign debt was $10.03 billion by the end of first nine months of the current fiscal on December 21.
The Institute for Trade Studies and Research, the research arm of the Ministry of Industries, Mining and Trade, has conducted a study of the industrial sector role in the economy over the span…
Tehran Stock Exchange’s main index, TEDPIX, climbed from 95,509 points at the end of the third quarter of the previous fiscal (2017-18) to 156,083 points by the Dec. 21, 2018 -- up…
Russian Deputy Foreign Minister Sergey Ryabkov on Monday criticized the European Union for its “dual approaches” toward Iran.
The prosecutor general of Tehran said a large number of drug offenders serving lengthy sentences will be released under the recent clemency granted by the Leader of Islamic Revolution on the…
The upcoming Munich Security Conference could serve as a platform for the renewal of commitment to the Iran nuclear deal as senior representatives from countries supporting the landmark…
A competition organized by Sharif University of Technology in Tehran, called Artificial Intelligence Challenge (shortened as AI Challenge 2019) is underway. Since Feb. 5 programmers have been…
Following the launch of the Mobile Registry Scheme in December 2017, close to 250,000 smuggled cellphones have been detected and disconnected from local operators’ networks by mid-June 2018.
Iran's housing sector experienced a year-on-year inflation of 24.2% in the Iranian month Dey (Dec. 22, 2018-Jan. 20).
Swarms of desert locusts have been spotted in the southern provinces of Iran, including Hormozgan, Khuzestan, Fars and Bushehr. Local agricultural authorities are ready to battle the…
Major Iranian steelmakers exported a total of 4.71 million tons of semi-finished and finished steel products during the 10 months to Jan. 20 to register a year-on-year decline of 19%, latest…
Iran is a dry and semi-arid country with limited water resources and limited rainfall; however, considering its vast land area, diverse climate, high altitude, vast plains and long coasts, there…
Venezuela's oil minister is in New Delhi this week hoping to convince India's key refiners to buy more of its crude and forge closer ties as the South American nation finds itself…
OPEC’s biggest producer Saudi Arabia would need oil prices at $80-85 per barrel in order to balance its 2019 budget, Jihad Azour, director of the Middle East and Central Asia Department at the…
Iran's liquefied petroleum gas shipments, which hit a trough in December at 101,000 tons, increased four-fold in January. The National Iranian Oil Company exported 400,000 tons of LPG last…
Senior Iranian and Japanese parliamentarians called for closer bilateral relations in economic, political and cultural areas during a meeting in Tokyo on Tuesday, as the two countries are…
Four more phases of South Pars Gas Field in Assaluyeh, Bushehr Province, will go on stream in the near future, the oil minister said. "Phases 14, 22, 23 and 24 will become fully…
Iran can buy several million cubic meters of water from Afghanistan in exchange for gas and electricity, a Zabol lawmaker said. Over the past year, Afghanistan has blocked the flow of water…
No 1255
A monthly report by the Central Bank of Iran released on Sunday, showed liquidity reached 17,645 trillion rials ($150.8 billion) in the Iranian month of Azar (Nov.22-Dec. 21), up 22.1%…
After the last two offers of crude oil on the Iran Energy Exchange (IRENEX) ending in vain, officials with the National Iranian Oil Company and capital market say they are determined to continue…
