Entries by Admin

Uzbekistan eager for investment in Iran’s Chabahar port

TEHRAN – Iran, India, and Uzbekistan held an online meeting on cooperation in Iran’s Chabahar Port on Monday, during which the Uzbek side expressed willingness for cooperation in Chabahar Port’s development projects, IRIB reported. The meeting was jointly chaired by Iran’s Deputy Transport Minister Shahram Adamnejad, India’s secretary (shipping) Sanjeev Ranjan, and Uzbekistan’s Deputy Transport […]

‘Is Exxon a Survivor?’ The Oil Giant Is at a Crossroads.

Exxon Mobil is struggling to find its footing as demand for oil and gas falls and world leaders and businesses pledge to fight climate change. An Exxon Mobil drilling ship off Guyana. The company plans to drill more oil there and in other countries even as world leaders step up the fight against climate change.Credit…Christopher […]

Iran Is Ripe for Bitcoin Adoption, Even as Government Clamps Down on Mining

Iran-based bitcoiner Zahra Amini was used to answering questions on cryptocurrencies, but usually about their relationship with crime. So when a 70-year-old man recently asked her to explain crypto because he no longer wanted to rely on the national rial, Amini felt something had changed. “If people that age are thinking about storing their wealth […]

Iran, Russia launch container shipping line in Caspian Sea

Moscow (IP) – The unloading of the first test container cargo was carried out within the framework of the new services of Caspian container shipping lines company for transporting goods in Armada Port between Astrakhan of Russia and Iran. Iran Press/ Europe: The first special work vessel in the container shipping line between Astrakhan and Iran in […]

Iran, Turkmenistan can boost annual trade to $5b: Official

IRNA By Sadeq Dehqan The vice chairman of the Iran-Turkmenistan Joint Chamber of Commerce said, “With the removal of obstacles between the two countries, the Iran-Turkmenistan annual trade can reach $5 billion in less than two years from the current $200 million.” Majid Jalili told Iran Daily that trade between Tehran and Ashgabat has sharply […]

Iran’s agricultural exports grow by 13% in value

Tehran (IP) – Deputy Head of Customs Administration of Iran announced that exports of agricultural products in the last eight months compared to the same period last Iranian year has increased by 27% in terms of weight and 13% in terms of value. Iran Press/ Iran news: Deputy Head of the Islamic Republic of Iran Customs Administration […]

ONGC Videsh strikes oil in Colombia

ONGC Videsh Ltd, the overseas investment arm of state-owned Oil and Natural Gas Corporation NSE 1.30 % (ONGC), has made a “significant” oil discovery in an onshore block in Colombia. OVL struck oil while drilling an appraisal well ‘Indico-2’ in CPO-5 block in Llanos Basin of Colombia, the company said in a statement. OVL is […]

China considers buyout of Exxon’s oil assets in Iraq

(Bloomberg) –China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oil field in Iraq, which could fetch at least $500 million, according to people familiar with the matter. The Chinese state-owned firms are weighing a potential deal to buy the 32.7% stake in Iraq’s […]

Iran’s exports to EU growing by 13%

Tehran (IP)- In the first nine months of 2020, Iran exported 563 million euros commodities to the EU, increasing 13 percent compared to the same period in the last year. Iran Press/Iran news: According to the Tehran Chamber of Commerce, during this time, the highest value of Iran’s exports to the EU belonged to food […]