Iran, Russia call for strengthening economic ties

Iran's Minister of Economic Affairs and Finance (MEAF) Abdolnasser Hemmati and Russia's Minister of Economic Development Maxim Reshetnikov have called for strengthening economic ties between the two countries.

President Outlines Plans for Iran’s Economic Growth

Iranian President Masoud Pezeshkian referred to recommendations made by experts for achieving the target of 8% economic growth in the country, unveiling plans to attract massive investment and build trust among economic stakeholders.

$Iran\'s Hand on the Trigger$

Iran's Hand on the Trigger

TEHRAN – Salvos of Iranian missiles rained on the occupied territories on Tuesday night, comforting the people of the region who were eagerly awaiting a response to Israel’s terror attacks in the past two months, and occupying observers with the thought of what could happen next.

Iranian president arrives in Qatar for talks

TEHRAN – Iranian President Masoud Pezeshkian arrived in Doha on Wednesday for an official two-day visit, his third international trip since assuming office.

Annual export of polymer products exceeds $4.5b

TEHRAN – Iran exported over $4.6 billion worth of polymer products in the previous Iranian calendar year (ended on March 19), the head of Iran National Plastic and Polymer Industries Association (INPIA) said.

Iran, Armenia sign barter trade agreement in Yerevan

TEHRAN - Iran and Armenia signed a barter trade agreement on the sidelines of the 3rd Eurasian Economic Forum in Yerevan on Tuesday.

56th Meeting of the Joint Ministerial Monitoring Committee

SHANA (Tehran) - The Joint Ministerial Monitoring Committee (JMMC) of OPEC+ held a meeting on 2 October and reviewed the current market situation. JMMC also issued a statement at the end of the meeting which is as follows:

Hydrogen, green and clean energy

As the world gets closer to the 28th Conference of Parties (COP) to be held in the United Arab Emirates, competition amongst renewables in order to stay ahead of the curve intensifies. However, according to latest data and statistics released by International Energy Agency (IEA) on April 2023, energy from hydrogen is ahead compared to all other sources of energy in, as long as the rate of new investments is concerned. Though green hydrogen is still behind solar and wind in absolute term. According to the above-mentioned IEA report, total renewables accounted for 11 percent of total global energy consumption in 2022. Among these renewables: solar, wind, hydroelectric and geothermal energies, hydrogen stood last.

Transition to New Order in Oil Market?

TEHRAN (Shana) -- The Iranian Petroleum Ministry’s Directorate of OPEC and Int’l Energy Fora has analyzed the oil market to conclude that last year’s developments gave rise to a new tug-of-war, which will soon result in a new balance of forces. In the new order envisaged for the oil market, Western governments will see their monopoly decline on the oil market which would turn into a regional market with a lower level of integration. However, the trans-Atlantic energy market between North America and Europe is projected to show further integration.

2022 Oil Market Review and 2023 Forecast

TEHRAN (Shana) -- As the international oil market warms up for 2023 let’s take a look at major events that had immense impact on the world oil markets in 2022. The global energy market was just done with Pandemic that hit demand in early 2020 jeopardizing the supply chain most severely. Producing countries need to be praised and acknowledged for the wonderful job of adjusting skillfully with the demand destruction leading to a swift balance in the market. However, early in 2022 the international oil and energy market was confronted with a severe blow when the Russian conflict with Ukraine broke out on 24 February 2022.

Iran, China Forming Mutual Dependence: Expert

TEHRAN (Shana) -- The head of the Institute of International Energy Studies (IIES) stated that the relations between Iran and China are getting stronger, and said: “The Chinese have always maintained their relationship with our country despite the imposition of sanctions against Iran.”

We Will Get Through Cold Season with Minimum Challenges

SHANA (Tehran) – Minister of Petroleum Mohsen Paknejad says that the energy imbalance is not something that has been created within one or two years.

Iran and Tajikistan Underline Boosting Energy Cooperation

SHANA (Tehran) - Iranian capable companies are ready to enter the Central Asian oil industry’s upstream and downstream activities.

Iran Is Ready for Effective Interactions with World Powers

SHANA (Tehran) – Masoud Pezeshkian says to create a better world, Iran is ready, from an equal position, to establish effective relations with the world powers and its neighboring countries.

A New Refinery to Open in Upcoming Days

Oil Minister reports about opening a new refinery in the coming days, which is capable of producing 21,000 barrels of petro-products per day.

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