(Bloomberg) –BP Plc will spend about $1.3 billion to build a network of pipes and other infrastructure to collect and capture natural gas produced as a byproduct from oil wells in the Permian Basin of Texas and New Mexico, the Wall Street Journal reported. The plans, to be announced Monday, will eliminate routine flaring of […]
Tehran, April 19, IRNA – Chairman of Iran’s Trade Promotion Organization Hamid Zadboom has said that the country plans for a 21-percent increase in foreign trade in the current Iranian calendar year (March 20, 2021, to March 20, 2022). Zadboom said on Monday that there are two scenarios for the current year, including an optimistic […]
Tehran, April 19, IRNA – The spokesman of the Customs Administration of Iran said on Monday that the country had $2.525 billion dollars of non-oil trade with the Caspian Sea counties in the Iranian year 1399 (ended March 2020). Noting that the weight of the traded goods has been 6.242 million tons, Ruhollah Latifi said […]
TEHRAN – Iranian Agriculture Minister Kazem Khavazi, in a meeting with Serbia’s Foreign Minister Nikola Selakovic on Sunday, has stressed the need to expand trade and agricultural relations between the two countries. “Iran and Serbia can have constructive cooperation in various economic fields, especially in agriculture,” IRNA quoted Khavazi as saying in the meeting. “We […]
TEHRAN – Chairman of Iran-Italy Joint Chamber of Commerce Ahmad Pourfallah has said Italian companies are still eager to engage in trade with Iran and are preparing to return to the Islamic Republic, ILNA reported on Monday. “Many Italian companies are preparing to re-enter Iran after the sanctions are lifted and in this regard, we […]
Tehran, April 19, IRNA – Iranian Foreign Minister Mohammad Javad Zarif on Monday called for finalizing preferential tariffs agreement with Indonesia. Zarif made the remarks in a meeting in Jakarta with his Indonesian counterpart Retno Marsudi. Zarif voiced Tehran’s readiness to continue with talks with Jakarta on the preferential tariff agreement. Zarif hailed the principled stands […]
TEHRAN – Production of textile, clothing, and leather products in Iran doubled in the previous Iranian calendar year (ended on March 20), a board member of the Iranian Tanners Association announced. “This success was achieved at a time when entrepreneurs in the textile, apparel, and leather industries were facing lots of problems in the previous […]
HOUSTON (Bloomberg) –U.S. shale producers risk another oil-price war with OPEC and its allies if they resume the breakneck production growth of the last decade, according to Pioneer Natural Resources Co. Shale, and not the pandemic, was responsible for the initial oil-market crash of 2020, CEO Scott Sheffield said at BloombergNEF’s annual summit. The cartel, […]
WASHINGTON – The U.S. Energy Information Administration forecasts U.S. crude oil production in the U.S. Federal Gulf of Mexico to increase in the next two years, according to the latest Short-Term Energy Outlook (STEO). By the end of 2022, 13 new projects could account for about 12% of total GOM crude oil production, or about […]
(Bloomberg) – Total SE signed agreements along with Ugandan officials for an oil development set to transform the East African nation into a significant crude producer and exporter. Total CEO Patrick Pouyanne was among those who signed deals Sunday, according to a broadcast of the ceremony attended by Ugandan President Yoweri Museveni and Tanzanian President […]