Iran ranks 10th in the world in terms of producing steel and has 62% share of steel manufacturing in the Middle East , chairman of the board of IMIDRO announced.
News ID: 10587 Publish Date : 2022/02/15
Iran has decided to produce 33 million tons of steel in the current Iranian calendar year (started March 20, 2020), a statistical study said.
News ID: 9509 Publish Date : 2020/05/15
Methanol sellers in Asia and the Middle East are under pressure to cut production rates or face demurrage costs as Chinese storage tanks have no space left.
News ID: 9490 Publish Date : 2020/05/15
The Indian government has warned all chemical plants to take precautionary measures while resuming operations following yesterday's fatal leak at the LG Polymers India (LGPI) plant, potentially complicating restarts as the country's Covid-19 lockdown eases.
News ID: 9380 Publish Date : 2020/05/08
Dubai-based biofuels producer Neutral Fuels is expanding its waste-based biodiesel operations beyond the UAE in the Middle East , Africa and Asia-Pacific.
News ID: 9249 Publish Date : 2020/04/28
Iran’s Energy Minister Reza Ardakanian said inauguration or ground breaking ceremonies will be held for 250 major water and energy projects in the country during the current Persian calendar year (started March 20).
News ID: 9185 Publish Date : 2020/04/16
The International Monetary Fund is still assessing Iran’s request for $5 billion in emergency financing, a senior IMF official said.
News ID: 9184 Publish Date : 2020/04/16
The CBI vice governor for economic affairs, Peyman Ghorbani, has been appointed first vice chair of International Monetary Fund’s Group of Twenty-Four (G-24).
News ID: 9181 Publish Date : 2020/04/17
With the coronavirus choking fuel demand and the world awash in surplus crude, even the Middle East ’s main oil-trading hub has run out of room to store unwanted barrels.
News ID: 9148 Publish Date : 2020/04/13
The global economy will shrink by 3pc this year, and few major economies will make up for the lost growth in 2021 as a result of collapsing economic activity in the wake of the Covid-19 pandemic, the IMF said today.
News ID: 9133 Publish Date : 2020/04/14
Around 8.5 million tons of gold were extracted from Iranian mines during the last fiscal year that ended on March 19, 2020, according to the head of Iran's Mine House.
News ID: 9113 Publish Date : 2020/04/11
South Korea is deferring taxes on crude imports for the next three months to help refiners and other buyers weather a slump in fuel demand caused by the Covid-19 pandemic.
News ID: 9077 Publish Date : 2020/04/08
Inland US containerized scrap exporters are feeling the pinch as intensifying impacts of the coronavirus pandemic impact export bookings and cause supply chain disruptions throughout North America.
News ID: 8743 Publish Date : 2020/03/17
Middle East petrochemical producers remain on edge after crude futures slumped in Asian trading to a more than four-year low.
News ID: 8660 Publish Date : 2020/03/09
Mr N D Rao, President, Orissa Metaliks Pvt Ltd, India shared that India is likely to witness sharp increase in pellet capacity by 2035. He expects nearly 250 MnT upcoming pellet capacities coming up in India by 2035.
News ID: 8616 Publish Date : 2020/03/03
Leonardo Helicopter has exhibited in public its weapon wing system that is tooled UK AW159 Wildcat HMA2 maritime helicopters during the Royal navy’s Carrier Strike Group 2021 roll-out.
News ID: 8604 Publish Date : 2020/03/07
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that his country is skeptical about a US decision to allow a Swiss financial channel for importing food and medicine amidst coronavirus outbreak in the Middle East , adding that its practicality must be verified in action.
News ID: 8546 Publish Date : 2020/03/03
Crude futures fell sharply in Asian trading as the widening coronavirus outbreak threatens economic growth.
News ID: 8523 Publish Date : 2020/02/28
The coronavirus-related restrictions that Kuwait has implemented at its ports do not cover oil traffic.
News ID: 8502 Publish Date : 2020/02/26
The rapidly spreading coronavirus outbreak in South Korea is forcing airlines to cut more flights and leading to a downward revision in economic forecasts for the country, a major regional importer of crude and exporter of oil products and petrochemicals.
News ID: 8480 Publish Date : 2020/02/24