Russia may account for almost a third of Indian Oil Company's crude oil imports in the current financial year, an executive at the company said.

Ilam Petrochemical Complex in Ilam Province produces 700,000 tons of various products annually, though it is operating at 70% of its capacity, the head of the complex said.

Iraq on Sunday invited foreign companies to bid for contracts to explore and develop natural gas reserves in 11 new blocks, as the OPEC member seeks to produce much-needed natural gas for power…

About 750 villages with more than 20 households in Kerman Province do not have access to drinking water and another 500 villages suffer from water stress, the managing director of Kerman Water…

To redress the imbalance between natural gas supply and demand in winter, construction work to develop the Mokhtar Gas Field and expand its gas storage facility in Yasouj, Kohgilouyeh-…

Ford Motor Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles. "They developed very quickly and they developed…

BMW unveiled an exhibit called "The Electric AI Canvas" at Art Basel in Basel, Switzerland, this week. 

After the bill allowing the import of used cars was passed by the parliament, automobile prices started declining in the domestic market. The permission to import used cars under five years old…

Tehran Stock Exchange's main index, TEDPIX, lost 19,896.34 points or 0.91% on Sunday to end at 2,162,916.86 and the TSE equal-weighted index plunged 1.48%. About 35.36 billion shares worth 158.…

Improved ways and means to allocate currency for the pharma sector were discussed at a meeting attended by the governor of the Central Bank of Iran and the health minister.

Afghanistan’s Taliban government must adhere to the terms of a major water treaty and supply Iran with its share of water from the Hirmand River, an Iranian diplomat said.

Consultant to Health Minister Mohammad Pourhosseini on Sunday called for the perseveration of the critical infrastructure and systems established during the Covid-19 pandemic for possible future…

The only parties that are dismayed at the promotion of cooperation between Iran and Saudi Arabia are the enemies of Muslims, above all the Israeli regime, Iranian President Ebrahim Raisi said.…

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei called for increased cooperation with Uzbekistan to the greatest possible extent based on the interests of both states.

The Tehran Stock Exchange (TSE) is working to establish the first hedge fund, the SENA news agency said Sunday. 

The 32nd International Specialized-Export Exhibition of Furniture Industry, also known as HOFEX 2023, will be held in Tehran on July 5, according to Katayoun Eskandari-Kia, the manager of the…

Iran and the European Union’s 27 member states traded €1.49 billion worth of goods during the first four months of 2023, registering a 10.84% fall compared with the same period of the year…

Iran’s trade with Venezuela surged by 49% in terms of weight and 197% in value in the fiscal 2022-23 (ended March 20) compared with the year before, according to the Islamic Republic of Iran…

Iran's new Minister of Industries, Mining and Trade Abbas Aliabadi and his Uzbek counterpart Laziz Kudratov have discussed a plan to increase annual bilateral trade to $1 billion. During a…

President Ebrahim Raisi submitted the seventh five-year development plan to the parliament on Sunday in the form of a bill. A roadmap enumerating economic objectives and targets for the next…

A total of 3 million passengers used marine transport for traveling during the first month of the current Iranian year (March 21-April 20), unchanged compared with last year’s corresponding…

Colombia's Cartagena regasification terminal has received orders for more than 130,000 cubic meters of liquefied natural gas, as the country prepares for an El Nino-induced drought, operator…

Natural gas prices in the European Union have shot up by more than half so far in June following months of declines, in a troubling reminder of last year’s energy crisis. Benchmark gas futures…

Water storage at Sefidrud Dam has reached 488 million cubic meters, which does not show any change compared to the same period of last year, the managing director of Gilan Regional Water Company…

Countries with a large amount of renewable energy recover fastest from economic crises, according to new research. The study, published in Ecological Economics, examined 133 economic crises in…