Energy

Proposals to adjust petroleum prices in Iran

It’s been months that the Government and the Parliament are discussing the increase of petroleum prices. The topic, however, sounds very sensitive in Iran. Any increase in fuel prices can lead to further increase in […]

Energy

Tehran Municipality buys 1200 new buses

Tehran Municipality adds 1200 urban buses to its fleet. New buses, however, are indeed second-hand vehicles. “Considering the current problems due to sanctions, the quickest way to replace our 10 to 12 years old buses […]

Energy

China keeps buying oil from Iran

China keeps buying oil from Iran and will use the National Iranian Tanker Co (NITC) for nearly all their imports to be shipped, reports Reuters. China has recently cut its crude oil purchases from the […]

Energy

Tehran offers oil cargo insurance to India

In order to keep its oil clients in Asia, Iran has started to offer cargo insurance to India, reports Reuters. Iran’s key market for oil located in Asia is under threat as the U.S. sanctions […]

Energy

Oil Ministry changes management duration

The Oil Minister, Bijan Zanganeh, is imposing four-year term limits for all top oil managers at state-run energy companies, writes Bloomberg. The new rule will take place since October 2018 and it will affect the […]