Iran, Russia, Turkey to boost oil field cooperation
Iran, Russia and Turkey signed agreement on maintaining trilateral cooperation in developing oil and gas fields. According to Petroleum Ministry, the agreement was sealed among Ghadir Exploration and Production Company, ...
UAE, Bahrain grant Qatar Airways new routes
Qatar Airways can now access a new route over international waters in the Persian Gulf controlled by the United Arab Emirates and Bahrain, the world aviation agency announced. The Montreal-based ...
Oil Slides From 9-Week High
Oil prices edged lower on Monday, sliding away from nine-week highs, as worries lingered over high production from OPEC and the United States. Global benchmark Brent crude futures were down ...
TEDPIX Gives Up 98 Points
Tehran Stock Exchange’s main index lost 98.40 points or 0.12% to end Monday trade at 81,285.7. About 640 million shares valued at $43.52 million changed hands for the day. Trading ...
MEB to Open Munich Branch in September
Middle East Bank is set to open its Munich branch in the German state of Bavaria by the end of September, a board member of the bank announced. “The inauguration ...
Russian Gas Pipelines to Go Ahead Despite US Sanctions
New US sanctions will make it harder for Russia to build two gas export pipelines to Europe but the projects are unlikely to be stopped. US President Donald Trump has ...
Tajikistan to Settle $62m Debt to Iran
Tajikistan is ready to clear its $62 million debt for purchasing Iranian Sangtoudeh II power plant, the head of Tajikistan's Power Generation and Distribution Company said on Friday. "Dushanbe has ...
Why Iran Air Turned Down Boeing’s Offer for Two 747-8
In Boeing’s talks with Iran Air after major powers signed the nuclear deal with Iran in 2015, the American planemaker offered to sell two available wide-body 747-8 jetliners to the ...
KRG Refuses to Ship Kirkuk Oil to Iran
The Kurdistan Regional Government is refusing to ship oil to Iran because Baghdad refused to consult the semiautonomous regime regarding the export program, a report by Bloomberg said. Both the ...
German Firm to Fund Khuzestan Wind Farm
Iran issued the much-needed investment license for a joint venture to build a wind farm in Arvand Free Trade Zone, which will be financed by the German company eab New ...