Oil Exploration Slowing as Prices Dive
The coronavirus pandemic that has slammed oil demand and prices is forcing energy majors to tighten their belts on exploration.
Rial Gains After Trump’s Sickness Hurts Re-election Chances: Report
Iran’s rial has strengthened against the US dollar in the unofficial market mainly on speculations that US President Donald Trump’s sickness could hurt his re-election chances.
Export of SMEs Products Grows in H1
Export of products by Small- and Medium-Sized Industries (SMEs) registered a 17 percent growth in the first half of the current Iranian calendar year.
Rouhani Orders Minister to Form Iran Trade Database
Iranian President Hassan Rouhani assigned the new minister of industry to set up a comprehensive database system on trade.
Final Vessel of Iranian Flotilla Arrives in Venezuela’s Waters
The final vessel in a flotilla of three Iranian fuel tankers entered Venezuela's waters on Saturday, in the latest sign of cooperation between the two countries.
Iran: Electricity Generation Capacity Added
Iran has added 464 megawatts (MW) to its electricity generation capacity by upgrading the gas units of power plants.
Iranian Economy Outperforming Germany amid COVID-19: President
Iranian President Hassan Rouhani said the country’s economy has outperformed Germany after the outbreak of coronavirus pandemic.
Monetary Base Expansion of Iran Is Modest; CBI Says
The country’s monetary base expansion in the first half of the current Iranian year was a modest one as he dismisses claims the lender used extra finances to fund imports.
Chabahar, Gwadar Ports Link to Have Regional Prosperity: Iran
Seyyed Mohammad-Ali Hosseini said his country does not consider Chabahar and Gwadar ports as competitors, and asserted that linking the two ports will bring regional prosperity and boost bilateral trade between the two countries.
Water Drilling Underway in Sistan, Iran
Reza Ardakanian said on Friday water drilling operations from a depth of 3,000 meters is underway in the southeastern water-stressed province of Sistan and Balouchestan.