Iran, Venezuela to continue coop. on oil sector
Iranian Deputy Foreign Minister for the Economic Diplomacy Affairs said Gholamreza Ansari said on Sunday that Iran and Venezuela will continue their cooperation on downstream and oil sectors.
200 Industrial, Mineral Projects Worth 170000b Tomans
Acting Minister of Industry, Mine and Trade says developmental projects in different sectors of industries and mines are underway despite all international sanctions and restrictions
Russia Becomes China’s top crude oil supplier in April
Russia overtook Saudi Arabia as China's top crude oil supplier in April, customs data showed, with imports rising 18 percent from the same month a year earlier.
Iran Trade May Shrink Day by Day
Chairman of Iran-China Chamber of Commerce says if the current condition continues in the world economy, in the upcoming months shortage of forex resources will show itself sharply and Iran’s trade will shrink day by day.
Iran Oil Cargo Symbol of Solidarity , Action against US Bullying
Venezuela’s Ambassador to Tehran Carlos Antonio Alcala Cordones praised the Iranian shipment of fuel to his country as a symbol of solidarity between two brotherly nations and the struggle against the US’ bullying and unilateral policies.
China Is Still Main Destination for Iran Exports
Spokesman to Iranian Oil, Gas and Petrochemical Products Exporters' Association says the slump in the oil price has affected Iran’s exports in terms of value, and the lockdown due to the Coronavirus pandemic has worsened the condition.
Iran Annual Non-Oil Exports Could Hit $100b
Head of the Export Promotion Committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) says Iran has the capacity to increase its annual non-oil exports to $100b.
Trade exchange between Iran , Venezuela has nothing to do with anyone else
Iranian Government Spokesman Ali Rabiei said that trade volume exchange between Islamic Republic of Iran and Venezuela, as two independent countries in the world, has nothing to do with anyone else, and the Islamic Republic of Iran will not hesitate to sell its oil.
US Oil Companies Cutting Production Faster Than Expected
The United States is on track to cut 1.7 million barrels of oil production per day, according to Reuters calculations of state and company data shared on Thursday.
US Oil Prices Slide As Coronavirus Fuels Storage Fears
US oil prices fell sharply in volatile trading on Tuesday as concerns over storage capacity prompted fears the American crude benchmark could again plummet into negative territory.