Iranian heavy crude oil price rises $2.78 per barrel in March.: OPEC
Iranian heavy oil price increased $2.78 in March, according to OPEC’s latest monthly report published on Tuesday.
A year with positive performance for Iranian exchange markets
Based on the already released reports and data, Iran’s exchange markets witnessed fruitful performances and results in the past Iranian calendar year 1397 (ended on March 20, 2019).
Impact of Trump’s irrational decisions on oil market
The Brent crude oil on Mon. for the first time in 2019, crossed the $71/barrel threshold, only hours after the US labelled Iran's elite Islamic Revolutionary Guards Corps a 'terrorist group', indicating that the US president, contrary to his tweets, not only was uninterested in stabilizing the oil market and helping cut fuel prices in US, but also caused turmoil in the market with his illogical decisions.
Annual investment in water, electricity industries tops $3.8b
Iranian energy minister said the investment in the country’s power and water sectors reached over 162.6 trillion rials (over $3.87 billion) in the last Iranian calendar year of 1397 (ended on March 20, 2019), IRNA reported.
Sanctions to have no impact on new investment in mining sector
Deputy Minister of Industry, Mine and Trade, Khodadad Gharibpour, said Tue. that US sanctions on Iran will not cause impasse behind development and investment in mines and mineral industries of the country.
IRENEX to hold 8th round of crude oil offering today
National Iranian Oil Company (NIOC) will offer one million barrels of crude oil at the base price of $63.36 at Iran Energy Exchange (IRENEX) for the eighth time today, ISNA reported.
€8bn Iran-Iraq trade transactions to double: fin. min.
In his meeting with Iraqi Finance Minister Fuad Mohammed Hussein in Tehran, Iran’s Minister of Economic Affairs and Finance Farhad Dejpasand put the volume of mutual trade transactions at €8 billion adding that the figure is to be doubled due the prepared plans.
Oil min. says export of petchems, petroleum products ‘satisfactory’
Iranian Oil Minister Bijan Zanganeh has described the current state of Iran’s export of petrochemicals and petroleum products as satisfactory.
Iranian airline launches Tehran-Caracas direct route
Mahan Air, Iran's second-largest carrier after Iran Air, has officially launched its direct flights between Tehran and the Venezuelan capital Caracas, a senior official said.
Iraqi oil minister calls for enhanced energy coop. with Iran
Visiting Iraqi Oil Minister Thamer al-Ghadhban expressed optimism for furthering cooperation between Iran and Iraq for the benefit of the two countries’ nations.