Economy

The banking group has called on its six major branches in various German cities to continue cooperation with Iran despite US threats.Volksbank institutions in Wurttemberg, Pforzheim, Heilbronn, Konstanze, Schwarzwald-Donau-Neckar and Volksbank-Uni are the members of this group.US President Donald Trump pulled the country out of the landmark nuclear deal officially …

OMV is an international, integrated oil and gas company, headquartered in Vienna. It is active in the ipstream and downstream businesses.OMV was monitoring political developments in the US and the European Union very closely, Reuters quoted OMV’s upstream chief Johann Pleininger as saying to its annual shareholder meeting in Vienna.“The …

BP owns 50 percent of the Rhum gas field, while the National Iranian Oil Company (NIOC) holds the other half. The company said, “BP has decided to defer some planned work on the Rhum gas field in the North Sea while we seek clarity on the potential impact of recent …

According to the report of 'Report' website on Tuesday, one of the arrested persons upon request of the prosecutor was sent to the jail.The dossier will be considered in June 1, 2018 in Baku Heavy Crimes Court.During inspections from their residences amount of medicine, illegally entered to the Azerbaijan Republic, …

[unable to retrieve full-text content]Tehran, May 22, IRNA – Iran's inflation rate in the 12 months ending in the Iranian calendar month of Ordibehesht (April 21-May 21) was 8%, showing decrease compared to figures from a month earlier, according to Statistical Center of Iran. www.irna.ir

The US Treasury had on May 15 unilaterally sanctioned Seif after the May 8 decision of the US President Donald Trump to leave the JCPOA and re-issue sanctions against Iran for 90 and 180 days.After sanctions of the CBI Chief and one of the directors of the bank by the …

He made the remarks in a meeting with advisor to Energy Minister for international affairs Farhad Yazdandoust.'A document on cooperation in the field of renewable energies will be signed between Iran and Italy,' Conchatori said on the sidelines of the visit. Conchatori said the companies are active in the fields …

Iran's [gas] capability has significantly increased, Yury Sentyurin told the Islamic Republic News Agency (IRNA).About Iran's presence in Europe's gas market and competition with Russia, Sentyurin said the GECF is after preserving the market, and the member countries should find their customers.Founded in 2008, GECF is an international organization which …

Over the past couple of years, Indonesia’s state-run Pertamina had regularly bought Australia’s North West Shelf condensate cargoes in the spot market, preferring it to other regional ultra-light grades, for TPPI’s condensate splitter and petrochemical complex at Tuban in East Java.However, it has only managed to procure around 500,000-1 million …

Following a recent meeting with Iran's Ambassador to Muscat Mohammad Reza Noori Shahroudi, Oman's Minister of Commerce and Industry Ali bin Masoud Al Sunaidi in an order called for resolving issues faced by the Iranian businessmen in Oman, read the statement released by the Iranian embassy on Monday.The meeting between …