TEHRAN – Syrian Capital Damascus is going to host the second exclusive exhibition of Iranian goods during November 29-December 3, IRIB reported. The exhibition features companies active in a variety of fields including hospital and medical equipment, medicine and treatment, construction industry, architecture, agriculture, livestock and poultry, oil, gas and petrochemicals, police and security equipment, […]
TEHRAN – The Trade Promotion Organization (TPO) of Iran, in a notice, has invited the country’s investors to cooperate in the establishment of new trade centers in the target export countries, the TPO portal reported. Considering the Industry, Mining and Trade Ministry’s new strategies for establishing trade centers in the target export countries and the […]
Foreign Investment Briefly Explained Before getting into the main subject of this article, it deems necessary to briefly explain what foreign investment is and what the result of foreign investment would be for the parties involved. Simply put, foreign investment refers to investing in domestic companies and assets of another country by a […]
ONDON (Bloomberg) –The culprit behind the latest jump in oil prices isn’t soaring natural gas prices or even OPEC+’s limits on output but rather what is happening at America’s largest oil storage hub in Oklahoma. Traders are fretting that stockpiles in Cushing will fall as low as they physically can. It has sent gauges of […]
TEHRAN – Head of the Islamic Republic of Iran Customs Administration (IRICA) Mehdi Mirashrafi said good agreements have been reached with Armenia on the development of customs cooperation as well as the use of alternative routes for the transport of goods. Mirashrafi who visited Moscow on Sunday to attend an international customs conference noted that […]
TEHRAN – Landlocked Uzbekistan is increasingly expressing interest in using Iran’s oceanic Chabahar port as a trade gateway that could help it expand to new overseas markets, Hindustan Times reported quoting senior Uzbek officials. As reported, the country’s authorities have said that Uzbekistan will push ahead with a joint plan with India and Iran to […]
MOSCOW (Bloomberg) –Russia is keeping a tight grip on Europe’s energy market, opting against sending more natural gas to the continent even after President Vladimir Putin said he was prepared to boost supplies. Gazprom PJSC’s exports to its main markets fell in the first two weeks of October to the lowest since at least 2014 […]
(Bloomberg) –Saudi Arabia said any extra oil from the OPEC+ cartel would do little to bring down surging natural-gas prices. “We see our role as extremely limited,” Saudi Energy Minister Prince Abdulaziz bin Salman said during the CERAWeek India Energy Forum on Wednesday. “The issue is not the availability of crude oil. Even if we […]
HOUSTON (Bloomberg) –Schlumberger is the latest oilfield giant to declare the worst is behind them in international markets after a historic crude price collapse, forecasting strong demand for their services into next year. The world’s biggest oilfield contractor joined rivals Halliburton Co. and Baker Hughes Co. this week in predicting expansion in overseas work and […]
HOUSTON (Bloomberg) –Halliburton Co. sees the pace of the rebound in overseas demand for oilfield services picking up through the rest of the year after the recovery in global crude prices. “I expect international activity growth to accelerate, and the early positive momentum in North America gives me confidence in the activity cadence for the […]