NIOC to offer 2m barrels of heavy crude at IRENEX in late May
National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at the base price of $64.23 at the international ring of Iran Energy Exchange (IRENEX) on May 28, Shana reported.
Iran enjoys high capability to become regional electricity hub
Vice President of Iran Electrical Industry Syndicate Payam Bagheri said that the country enjoys high capability and capacity to become an electricity hub in the region, the issue of which is considered as a strategy for supplying sustainable power.
Iran, Russia discuss holding 15th Joint Economic Committee meeting
Iranian Energy Minister Reza Ardakanian and his Russian counterpart Alexander Novak discussed issues pertain to the two countries 15th Joint Economic Committee meeting over phone, IRIB reported on Tuesday.
‘All necessary measures taken to launch organized forex market’
Iranian finance and economic affairs minister announced that all necessary measures have been taken for launching an organized forex market, IRNA reported.
Development projects worth $1b inaugurated
Iranian President Hassan Rouhani launched and inaugurated some development, service, and infrastructure projects worth 44.65 trillion rials (about $1.063 billion) in West Azarbaijan Province.
Iran to play an outstanding role in CBD
Head of Agricultural Research Education and Extension Organization (AREEO) Kazem Khavazi said that Islamic Republic of Iran will play a bigger role in the Convention on Biological Diversity (CBD).
Hormozgan’s annual exports top $2.7 billion
Products worth $16.5 billion were exported from the customs of the Iranian province of Hormozgan during last fiscal year (ended March 20), of which $2.7 billion were the goods produced in the southern province, a senior official said.
Driving Iran’s oil export to zero biggest supply risk to global markets: Prof. Bininachvili
Commenting on Saudi Arabia and UAE capabilities to make up for any shortfalls in energy supply, Albert Bininachvili says the US decision to drive Iran’s oil export to zero is the biggest risk to global energy markets and a double-edged sword.
Foreign currencies lose more value against Iranain rail
The Iranian local currency the rial has regained almost 10% of its value against foreign currencies, especially the US dollar over the past few days.
Iran FM in charge of oil talks with EU under SNSC supervision
The Iranian Oil Minister Bijan Zanganeh has said that Iranian Foreign Ministry is in charge of talks with the European countries on the issue of Iranian oil exports under the supervision of the Supreme National Security Council(SNSC) of Iran.