Governor of the Central Bank of Iran Abdolnaser Hemmati says the economic growth rate in Iran has become positive, both with and without oil revenues. In a post on his ...

India may pursue a case for resumption of oil imports from sanction-hit Iran and Venezuela once the Joe Biden administration takes charge in the US. Sources in the Oil Ministry ...

Oil prices retreated Dec. 1 amid uncertainty surrounding an expected extension of OPEC+ production quotas after the group delayed its meeting to Dec. 3. OPEC is hoping a couple of ...

The project for the construction of Iran’s South Pars strategic storage facilities is nearly finished and the storages will be officially inaugurated in near future. According to a report by ...

Washington has granted Iraq a shortened 45-day sanctions waiver to import Iranian gas that will expire days before US President Donald Trump's term ends, an Iraqi official said Saturday. Baghdad ...

An Adviser to the Trade Promotion Organization of Iran said that the Iran-Europe Business Forum will be held in mid-December to increase Iran’s non-oil exports. Mirhadi Seyedi stated “With the ...

The extension of the OPEC+ production cut deal by three to six months will swing the oil market into a deficit next year, TASS reported, citing documents produced by the ...

Iranian Energy Minister Reza Ardakanian said closer cooperation with the Eurasian Economic Union (EAEU), stronger economic interaction and increased trade could prevent insecurity in the region. In a video message ...

Iran’s oil refining capacity is currently at two million barrels per day, said the secretary general of Iran’s Oil Refining Industry Companies Association (ORICA). The country’s refineries are now processing ...

Syria’s top diplomat and long-time foreign minister Walid al-Moalem, a staunch defender of Syrian President Bashar al Assad’s bloody crackdown on peaceful protesters that sparked a decade-old conflict, died on ...