Energy

Iran has warned the United States against any interference with the transfer of fuel by Iranian tankers to Venezuela.

Iran's government spokesman Ali Rabiei says the country's trade ties with Venezuela have nothing to do with any other country.

The US Navy has sent its P8-Poseidon patrol aircraft from the VP-26 Tridents as well as four warships to the Caribbean region for possible encounter with a group of Iranian super-tankers moving fuel to Venezuela, a report says.

Iranian Energy Minister says 250 key water and electricity projects worth about $12 billion will get under way this year.

Iran’s government spokesman says shares of four refineries will begin to be offered to the public soon.

Iran’s First Vice President says the coronavirus took severe revenge on the countries that sought to harm the Islamic Republic by imposing sanctions on the Iranian oil.

An analyst says recent developments indicate the world economy will no longer be dependent on oil revenues in the future.

Iranian oil minister says the OPEC alone cannot solve the problem of the oil market, noting that resolution of the oil market issues requires global cooperation.

Iran’s largest hydro power plant will be constructed in central Yazd province with foreign investment.

The dramatic plunge in oil prices would not have a huge impact on Iran’s economy, since the country was already prepared for such conditions under the pressure of American sanctions, First Vice President Es’haq Jahangiri says.