Search Result

Iran oil companies to sign $1.2b in deals to boost output

Iranian energy companies have agreed on deals worth $1.2 billion to raise crude output, National Iranian Oil Co. said.

Japan's economy minister says government spending alone won't fill output gap

Japan’s government will compile a stimulus package next week that would seek to fill slack in the economy not just with spending but incentives to boost green and digital investment, Economy Minister Yasutoshi Nishimura said on Wednesday.

Biggest African economy now in recession as oil output drops

Africa’s largest economy has slumped into a recession in the third quarter as oil production dropped to a four-year low.

OPEC output rises more on Libya restart, Iraq export: Survey

OPEC oil output has risen for a fourth month in October, a Reuters survey found, as a restart of more Libyan installations and higher Iraqi exports offset full adherence by other members to an OPEC-led supply cut deal.

Iran’s six-month sponge iron output surpassed 15.5m tons: ISPA

Domestic Economy Desk

Daily gas output in SP phases 22, 24 at 40 mcm: Refinery director

Daily gas production in phases 22 and 24 of the South Pars (SP|) Gas Field in southern Iran has reached 40 million cubic meter (mcm), said the director of the field’s Refinery No. 12.

Iran plans to produce over 52k tons of shrimp by March

Head of Iran’s Fisheries Organization said Iran’s shrimp farming output will reach over 52,000 metric tons by the end of the current Iranian calendar year (March 19, 2021).

Ministry: Four-month anode copper output topped 121,000 tons

Iran’s anode copper production hit 121,202 tons during the first four months of the current calendar year (March 20-July 21), indicating a three percent rise compared to the figure for the same period last year.

OPEC+ set to ease record oil cuts from August

OPEC and allies such as Russia will ease record oil supply curbs from August as the global economy slowly recovers from the coronavirus pandemic, Saudi Energy Minister Prince Abdulaziz bin Salman said on Wednesday.

Colombia maintains banana output despite coronavirus, Panama disease outbreaks

Colombia, the world's fourth-largest banana exporter, has maintained production and exports of the yellow fruit to its largest buyers, despite the twin threats of coronavirus and dangerous fungus Fusarium R4T, an industry leader said.

Iran’s fisheries output rose last year despite sanctions: Official

Iran’s annual fisheries output in the previous calendar year (which ended on March 19) witnessed a slight increase of over 20,000 tons year-on-year despite a growing number of issues faced by the country as a result of US sanctions, said an official.

Pandemic to slash global economic output by $8.5 trillion over next two years

Against the backdrop of a devastating pandemic, the global economy is projected to contract sharply by 3.2 percent this year, according to the United Nations World Economic Situation and Prospects (WESP) mid-2020 report.

Saudi Arabia to cut oil output by another 1m barrels a day

Saudi Arabia said Monday it had asked oil giant Aramco to cut an additional one million barrels per day from June, to support prices that have crashed during the coronavirus crisis.

South Korea March output up as China factory shutdowns boost demand

South Korea's March factory output jumped by the most in 11 years as demand for display panels and cars received an unexpected boost from lengthy shutdowns in competing Chinese factories amid the coronavirus pandemic.

Iran’s three-month crude steel output hits 6.75m tons: WSA

Domestic Economy Desk