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Iran’s government spokesman says shares of four refineries will begin to be offered to the public soon.
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.
Iran and Qatar have agreed to work together in the fields of energy and investment, and to seriously pursue mutual economic cooperation after the fallout from the coronavirus pandemic is over.
President of the Islamic Republic of Iran Hassan Rouhani has inaugurated a number of water and electricity projects in the province of Tehran, in which a total of 2.8 trillion tomans has been made in investment.
Iran’s president says the US imperialism is a more dangerous virus than the novel coronavirus for human society.
The Iranian petroleum minister says Iran, along with Libya and Venezuela, has been exempted from cutting oil output as they are under sanctions.
Oil prices crashed on Monday by around 30% in what analysts are calling the start of a price war.
Iranian Minister of Petroleum Bijan Zangeneh says the Iranian energy company Petropars is now developing the Phase 11 of South Pars Gas Field alone after China’s CNPC International and France’s Total fully abandoned the project.