The National Iranian Gas Company (NIGC) will add around 45 million cubic meters (mcm) per day to the country’s natural gas output in the year to March 2023, said the CEO of the state-run company as he indicated that Iran’s gas supply to Iraq and Turkey may increase in the future.
Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as impending European Union sanctions on Russian oil raised the prospect of tighter supply.
Oil prices climbed on Tuesday as Shanghai's relaxation of some COVID-19 restrictions eased concerns about Chinese demand and as OPEC warned it would be impossible to replace potential supply losses from Russia.
Households in the United Kingdom are continuing to feel the effects of inflation, with some 83 percent of adults experiencing an increase in the cost of living in March compared with around 62 percent in November, according to the Office of National Statistics.
Tehran’s Governor General Mohsen Mansouri announced 61 percent increase in the number of COVID-19 hospitalizations in the capital compared to last week amid a sharp rise in the number of infections across the country.
The number of people diagnosed with the coronavirus in Iran increased by around 22 percent compared with a day earlier, raising alarms about a new wave of pandemic caused by the mutated variant, Omicron.