Opec is heading for a tough meeting this week, delegates and officials said on Tuesday, as country members pump record volumes amid an uncertain demand outlook and as the prospects of a US interest rate hike could push oil prices even lower.
As low oil prices cast a shadow over Gulf Arab economies, investors are betting that lifting sanctions on Iran will boost Dubai - a view that is causing the emirate's debt to outperform the rest of the region.
Iran is willing to provide technical know-how and assistance to develop the mining sector of the African state of Niger, a senior Iranian government official said.
Industries, Mines and Trade Minister Mohammadreza Nematzadeh said
Asian imports of Iranian oil fell to the lowest level in two years in October, as Iran's biggest crude buyers held off from increasing purchases following a landmark agreement on Tehran's disputed nuclear programme in July.
Iran’s Customs Department has revealed that the country's foreign trade volume reached $56.939 billion during the first eight months of Iranian year which begins March 21, a report said.
The volume of imports reached $27
Iran’s wheat production to exceed 10 million tonnes by March 20, 2017, according to a head of Iran's Government Trading Company (GTC).
“We will not have to import wheat next year and given the satisfactory rainfall
Iran offered on Saturday about 50 oil and gas projects to be developed by foreign investors with local partners under a new scheme it hopes will initially generate $25 billion in investments, state media reported.
Iran reached a d
Iran said on Friday that the removal of Opec’s quotas system was a historic mistake and its revival will be very difficult, state news agency IRNA quoted Oil Minister Bijan Namdar Zanganeh as saying on Friday.
Iran’s Oil Ministry has said that the construction of three petrochemical projects is nearing completion, with the projects to come on stream in the coming months, according to a report.
The projects incl
Iran is likely to enter oil investment deals to the tune of $30 billion under the new contracts to be unveiled next week, a report said.
"A section of our oil industry's challenges will be overcome with the new contract m