The Persian Gulf Bidboland gas refining project has been nominated as one of the four finalists of the International Project Management Association (IPMA)’s Global Project Excellence Award at the energy sector in 2020.
Iran’s gas refining project named for world mega projects award
Iran produced over 9.6 million tons of steel ingots in the first five months of the current Iranian year (March 20-August 21), showing a 19 percent increase compared to related figure of last year.
Iran’s five-month steel ingot output tops 9.6m tons
Iran discovered 4.97 billion barrels of crude oil last year, which is equivalent to 25 percent of the total volume of hydrocarbons discovered in the world in 2019, said the director of exploration of the National Iranian Oil Company (NIOC) on Saturday.
25% of world hydrocarbons discoveries in 2019 pertained to Iran: NIOC
A delegation from the Iranian Ministry of Energy will leave for Afghanistan on Sunday to talk about mutual relations and develop and discuss joint ventures in the electricity sector.
Energy Ministry delegation to leave for Afghanistan
Iran, Russia and Azerbaijan are close to starting work on a project to link their power systems, as Tehran seeks greater access to regional energy markets to export its surplus electricity.
Work to begin soon on linking Iran power grid to Russia, Azerbaijan: Report
The ambassador of Iran to Brasilia said that Iranian companies are ready to do extraterritorial cultivation in Mato Grosso Province, western Brazil.
Iran ready for extraterritorial cultivation in Brazil: Envoy
Iran Mercantile Exchange (IME) announced on Saturday that 637,597 tons of commodities, valued at over $1.59 billion, were traded in its domestic trading and export halls in the week ending September 17.
IME weekly trade nears $1.6b
This week's economic data offers fresh hints that the US recovery will slow without new federal aid, a possible blow to President Donald Trump's reelection bid, especially since any new spending before the Nov. 3 presidential election seems unlikely.
Fiscal fizzle saps US economic recovery, a possible boost to Biden
Gold’s strong run is taking Canada’s equity benchmark back to its mining roots. Eight out of 12 stocks that have been picked to join to the S&P/TSX Composite Index since June are precious metals miners. Asset management firm Sprott Inc., which has a heavy focus on gold and silver investments, is also a play on metals, Bloomberg reported.
Gold’s rise drives Canada stock benchmark in a new direction
Singapore Airlines Inc. pilots agreed to take deeper pay cuts of up to 50 percent so that more of them can stay employed, the carrier said Saturday.
Singapore Airlines pilots agree to deeper pay cuts amid COVID-19 to save jobs

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