These days, the oil market is facing an unprecedented crisis; on one hand the demand for oil has fallen drastically due to the slowdown in the global economy following the coronavirus outbreak and on the other hand the start of a price war between Saudi Arabia and Russia hit the market so hard that oil crashed to a level not seen in 29 years.
News ID: 8931 Publish Date : 2020/03/22
Kish Island has high potential and capability to play a leading role in various industrial and economic fields especially oil, gas and petrochemical industries.
News ID: 8468 Publish Date : 2020/02/19
Foreign investment in Iran has risen 50 percent during the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020) from the same period of time in the past year, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced.
News ID: 8386 Publish Date : 2020/02/04
Iranian Trade Promotion Organization (TPO) and Iran Small Industries and Industrial Parks Organization (ISIPO) discussed cooperation for the promotion of exports by the country’s small and medium-sized enterprises (SMEs).
News ID: 8384 Publish Date : 2020/02/04
Iranian banks are going to pay 20 trillion rials (about $476.2 million) of low-interest-rate facilities to the country’s exporting companies, IRNA reported, quoting the country’s industry, mining and trade minister.
News ID: 8377 Publish Date : 2020/02/01
India is considering further opening up its insurance and aviation sectors to foreign investors to help spur the economy, according to people familiar with the matter.
News ID: 8298 Publish Date : 2020/01/10
Iranian acting banks are authorized to offer up to $3 billion of loans to the oil industry’s upstream sector, according to the country’s budget bill for the next calendar year (starts on March 19, 2020), IRNA reported.
News ID: 7867 Publish Date : 2019/12/09
Of all the mining sectors, gold is possibly the most fragmented, and the gold industry and its investors would realize considerable benefits from consolidation. Brokerage Pollitt & Co. estimates that 50% of global iron ore and copper production comes from four and 10 companies, respectively, while 25 companies account for just 45% of total gold production.
News ID: 7853 Publish Date : 2019/12/09
Saudi Arabian Mining Co (Ma’aden) is considering full or partial refinancing of debt it raised for the Waad al-Shamal phosphate project, which is about $5 billion in total, its chief executive said on Thursday.
News ID: 7842 Publish Date : 2019/12/05
The International Monetary Fund said the Democratic Republic of Congo’s proposed $10.2 billion budget is “unrealistic,” amid slowing output from the country’s copper and cobalt mines.
News ID: 7831 Publish Date : 2019/12/06
Rio Tinto Ltd said on Wednesday it had approved a $749 million investment in its Greater Tom Price operations to help sustain production capacity in its iron ore business in the Pilbara region of Western Australia.
News ID: 7634 Publish Date : 2019/11/26
Head of Iran’s National Petrochemicals Company (NPC) said investment in the country’s petrochemical sector is going to increase by 75 percent by the end of the Iranian calendar year 1404 (March 2026), IRNA reported.
News ID: 7201 Publish Date : 2019/10/11
Iranian government has drawn over $1.25 billion from the country’s sovereign wealth fund for the sole purpose of creating jobs as the government struggles to diversify the economy to cope with sanctions imposed by the United States.
News ID: 6982 Publish Date : 2019/10/23
Private capital tracker Preqin in a third quarter update outlines “escalated investors’ concerns” for natural resource investment with “geopolitical pressure dictating much of the momentum” in the industry.
News ID: 6929 Publish Date : 2019/10/23
African Finance Corp. will invest in countries disregarded by other companies as part of a plan to double its exposure to the mining industry, the firm’s head of investments said.
News ID: 6705 Publish Date : 2019/10/20
Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)'s Mining Committee said Syria welcomes Iranian private sector’s investment and contribution to the country’s mining projects.
News ID: 6396 Publish Date : 2019/09/30
Iran’s private sector has signed a 50-trillion-rial (nearly $1.2 billion) contract for developing Shahid Rajaie port in southern Iran, IRNA reported, quoting the head of Hormozgan Province Ports and Maritime Department as saying on Tuesday.
News ID: 6366 Publish Date : 2019/09/27
Iranian deputy transport minister said National Development Fund (NDF) of Iran has allocated $1.6 billion for renovating the country’s transportation fleet, IRIB reported on Tuesday.
News ID: 6324 Publish Date : 2019/09/03
Aluminium Bahrain (Alba) , owner of one of the world’s largest aluminium smelters, is raising $1.5 billion in bank debt to refinance loans it obtained in 2016 to back its Line 6 expansion project, two sources familiar with the matter said.
News ID: 6305 Publish Date : 2019/09/05
The secretary of Iranian Free Zones High Council said domestic investment in the country’s free economic, industrial zones increased nearly 40 percent in the past Iranian calendar year of 1397 (ended on March 20), IRIB reported on Tuesday.
News ID: 6255 Publish Date : 2019/08/29
