Economy - A senior official at the National Iranian Oil Products Distribution Company (NIOPDC) said his company is ready to export nearly 56 million liters per day of fuel to the international markets.
Economy - Iran and Iraq seek to increase the volume of their bilateral trade from the current 12 billion dollars to 20 billion dollars, Iranian Minister of Finance and Economic Affairs Ali Tayyeb-Nia says.
Economy - Iran’s Minister of Petroleum Bijan Namdar Zangeneh has described the current status of Iran’s oil industry as “catastrophic”, saying his Ministry of Petroleum lacks adequate funds to even pay the salaries of its staff.
Economy - Saudi Arabia's King Salman empowered two of his sons for key positions after abolishing the supreme council of petroleum, as new bureaucratic streamlining takes place in the kingdom, an expert said.
Economy - Iran's exports of gas condensates and petrochemicals increased by 40 percent in the first ten months of the current Iranian year (March 21, 2014-January 21, 2015) compared to the corresponding period last year.