Iran has lost $450 billion in oil revenues in a decade because of international and US sanctions, causing a serious economic crisis, a newspaper in Tehran says.
Iran’s national currency has lost 16% of its value during the past week, as the government prepares to submit next year’s budget bill to the parliament soon.
Iran's deputy oil minister says negotiations for Russian natural gas imports are in their final stages as Iran faces falling output in the Persian Gulf.
Iran has failed to sell a cargo of 700,000 barrels of its rebranded oil as Asian crude to Croatia, bringing back the full tanker to Malaysia again this week.
Further evidence has emerged that Russia is competing with Iran and Venezuela for oil markets in China and India, according to shipping analytics firm Vortexa.
Usage of highly polluting diesel and mazut fuels in power plants jumped in Iran in 2021 on top of increases in previous years, a BP report shows.
Iran's crude steel production declined dramatically for the second month in a row, according to a new report by the World Steel Association on June 22.
Iran’s official news agency IRNA reported that during oil minister Javad Owji’s visit to Oman the two countries agreed to revive an offshore gas pipeline project.
Iran’s gas flaring levels increased by 32% year-on-year to 17.4 billion cubic meters (bcm) in 2021, according to a new report, released by Word Bank.
Iranian government debts have soared since 2018, when the US imposed tough sanctions on the Islamic Republic, International Monetary Fund’s figures show.
Iran added only 1.2 gigawatt (GW) to its power generation capacity last fiscal year despite a projected 3.5-GW growth plan, Energy Ministry reported April 13.
Iran’s nuclear electricity generation declined 20% year-on-year to below 4.4 terawatt-hour (TWh) during last Iranian fiscal year, ended March 21.
China has reported just $6.5 billion of imports from Iran in 2021, while other data show it imported more than $20 billion of Iranian crude and oil biproducts.
Saudi Arabia and Iraq have signed a memorandum of understanding on January 25 to connect their electricity grids, which can supply much-needed power to Iraq.
A new report about the Iran's economic growth prospects for the current fiscal year, forecasts a 6.2% “real” GDP growth in the most optimistic, and 3.4% growth in a pessimistic scenario.
Iran plans to change the pricing system for subsidized gasoline it sells to citizens in a way, which will generate around $5.5 billion more revenue annually.
Iran's economy has had almost no growth since its nuclear program gained momentum in 2004, to a large extent by the damage economic sanctions have inflicted.
A report by Iran’s Central Bank (CBI) issued in August and made available in October shows an extraordinary growth in liquidity, which fuels high inflation.