آرشیو

Middle East LPG exports seen higher as contest heats up for Asia demand

LPG exports from major Middle Eastern producers in 2022 are expected to increase 6.6% from 2021 as competition for the growing Asian markets intensifies amid expanding supply from other producers, led by the US, traders, producers and analysts said.

Iran opens its first superheavy oil refinery in Qeshm

Iranian President Seyyed Ebrahim Raeisi officially inaugurated the first superheavy oil refinery in Iran on Friday as the country moves ahead with plans to develop its massive petroleum sector despite sanctions imposed by the United States.

Iran, Syria to set up joint bank, free trade zones: Minister

Iran and Syria agreed to set up a joint bank and special economic zones amid efforts to boost their economic cooperation, according to Iran’s Roads and Urban Development Minister Rostam Qassemi.

China inflation eases in Dec., providing opportunity for rate cuts

Inflation in China eased in December thanks to falling food and commodity costs, with analysts saying Wednesday's figures give policymakers room to unveil measures to kickstart the stuttering economy including interest rate cuts.

Iran plans fresh cash handouts, coupons to offset currency subsidy removal

The Iranian government will be allowed to dispense fresh cash handouts and spending coupons in the calendar year starting late March to compensate for the economic impacts on people of a plan to dismantle foreign currency subsidies given to imports of foods and staples.

Iran eyes 'new era of economic relations' as minister visits Syria

With the war almost over in Syria, Tehran and Damascus are determined to reach real trade agreements and expand their economic relations, says Iran’s roads and urban development minister.

Iran’s government hails rising oil exports as a source of pride

The Iranian government hailed efforts by the country’s Oil Ministry to increase crude exports in recent months, saying the issue is a source of pride for a country that was subject to a series of harsh and unprecedented sanctions by the US in the past few years.

Iran can increase rock sugar, candy exports: Union head

Iranian producers of rock sugar and candy can increase export of their products with promotion of infrastructures, said the head of the Tehran Rock Sugar, Candy and Sugar Producers Union.

Oil rises to $82 as demand recovery seen on track

Oil rose to around $82 a barrel on Tuesday, supported by tight supply and hopes that rising coronavirus cases and the spread of the Omicron variant will not derail a global demand recovery.

Germany to speed up green energy projects in 'gigantic' effort

Germany's Climate and Energy Minister Robert Habeck on Tuesday pledged to drastically ramp up renewable energy projects in the coming years, saying the country faced a "gigantic" task to meet climate protection goals.