By Ebrahim Fallahi

Capital market, a chance for mining sector to bloom

TEHRAN – Being among the world’s top mineral-rich countries, Iran has set a new target for further development of its mining sector as the country’s economy is moving away from oil toward becoming oil-independent.

BY: Ebrahim Fallahi

‘Without govt. support private power plants at risk of shutting down’

TEHRAN – In recent years, due to the government funding constraints and financial pressures, Iranian private companies have taken on the mantle of developing the country’s power plants including both large-scale thermal plants and small-scale renewable ones.

BY: Ebrahim Fallahi

U.S. targets Iran-Venezuela trade, tanker market suffers a blow

TEHRAN - The Trump administration is considering new sanctions on reportedly 50 oil tankers for working with Venezuela, in order to prevent the trade between Iran and the Latin American country.

By: Ebrahim Fallahi

What does extension of OPEC+ cuts mean for Iran?

TEHRAN – The Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed on Saturday to extend their previous cuts deal for a one-month in a bid to support the oil prices which are slowly getting back on track.

BY: Ebrahim Fallahi

Iran, Venezuela challenging U.S. dominance, who is violating intl. law?

TEHRAN – It has been few weeks since the rumors began spreading that Iran intended to ship several fuel consignments to Caracas to help alleviate Venezuela’s severe fuel problems.

BY: Ebrahim Fallahi

Iran’s turbulent auto market: will prices calm down?

TEHRAN – Over the past few weeks, car prices in Iran have been skyrocketing despite claims of the market being stagnant.

Privatization should spur productivity, not just collect capital: expert

TEHRAN - Earlier on Sunday, Government spokesperson Ali Rabiei announced that the shares of four refineries, namely Isfahan, Tabriz, Bandar-Abbas, and Tehran, were due to be offered at Tehran Stock Exchange (TSE) on June 21.

BY: Ebrahim Fallahi

Senior businesswoman dismisses U.S. claim that Iran doesn’t need IMF loan

TEHRAN – It has been nearly two months since Iran requested the International Monetary Fund (IMF) for financial support through the fund’s Rapid Financing Initiative (RFI), but so far neither help nor a clear answer has been received.

BY Ebrahim Fallahi

Missing out on LNG market Iran needs to take action

TEHRAN – Last week, Qatar Petroleum announced the start of drilling operations for the development of its North Field (known in Iran as South Pars) gas field, in which the company plans to drill 80 new wells to increase the country’s liquefied natural gas (LNG) production capacity by 43 percent to reach 110 million tons per annum (Mtpa).

By Ebrahim Fallahi

‘Govt. should establish health protocol with neighbors to spur exports’

TEHRAN – Over three months into the pandemic, the world continues to wrestle with the notorious COVID-19 and many economies have been hit hard as the virus is choking off world’s trade relations just like the people on hospital beds.

BY: Ebrahim Fallahi

Economists elaborate on best ways to tackle aftershocks of coronavirus outbreak

TEHRAN - As the new coronavirus (known as COVID-19) continues to spread across the world, red flags have risen in various sectors and governments are doing all they can to contain the virus from further spreading.

By: Ebrahim Fallahi

Russia, Saudi end oil feud but is it enough?

TEHRAN – The Organization of Petroleum Exporting Countries (OPEC) and their non-OPEC allies, on Thursday, reached a tentative agreement to cut the global oil output by at least 10 million barrels for May and June to balance the oil market which literary doesn’t have any more capacity to store the supplied oil.

By: Ebrahim Fallahi

Indigenizing petchem catalysts: a big step toward total independence

TEHRAN – As the second-biggest source of revenue for Iran, the petrochemical industry is one of the most important pillars of the country’s resilient economy and one of the main suppliers of foreign currency especially the euro for the country.

By Ebrahim Fallahi

South Pars gas field: Crown jewel of Iran’s gas industry

TEHRAN – As the crown jewel of Iran’s energy industry, the giant South Pars gas field (which Iran shares with Qatar in the Persian Gulf) has nearly reached its full potential and Iran’s gas production from the field is said to have surpassed that of the rival Qatar.

By: Ebrahim Fallahi

How to fund oil projects in the absence of oil money?

TEHRAN – These days, the oil market is facing an unprecedented crisis; on one hand the demand for oil has fallen drastically due to the slowdown in the global economy following the coronavirus outbreak and on the other hand the start of a price war between Saudi Arabia and Russia hit the market so hard that oil crashed to a level not seen in 29 years.

BY: Ebrahim Fallahi

Saudis’ price war or a Russian plot against U.S. shale?!

TEHRAN – Since early Monday, the announcement of a “price war” between Saudi Arabia and Russia, two biggest OPEC+ allies, hit the headlines of almost all of the world’s news agencies and outlets and released a wave of panic across the markets all around the world.

By: Ebrahim Fallahi

Why Majlis rejected the budget bill?

TEHRAN - The Iranian Parliament (Majlis) on Monday rejected general outlines of the national budget bill for the next Iranian calendar year 1399, which starts on March 20, stating that the bill is not compatible with the country’s current economic conditions.

By Ebrahim Fallahi

S. Korean companies leave Iran: Such a pity! But for them

TEHRAN – South Korea’s LG Electronics and Samsung have ended their presence in the Iranian market over the past few months, abiding by the U.S. pressures for cutting ties with one of their biggest markets.

By Ebrahim Fallahi

An oil-free economy: from words to deeds

TEHRAN – As one of the world’s oil-rich countries, Iran, for long, has been deeply relied on oil revenues for its economy and even all the governments which have come and gone since the Islamic Revolution in 1979, have based their economic policies upon oil while other areas remained deprived of the attention.

By: Ebrahim Fallahi

Iran gas situation: Are power plants facing feedstock shortage?

TEHRAN – Following the new wave of cold weather blanketing Iran in recent weeks, natural gas consumption by the Iranian households has hit new record highs, ringing warning bells about possible problems regarding fuel supply to the country’s power plants and industry sector which mainly consume natural gas.

BY: Ebrahim Fallahi

How U.S.-China trade deal is going to impact Iranian oil exports?

TEHRAN – Tomorrow, the U.S., and China are going to sign a trade deal, which is expected to ease the tensions between the two economic rivals and push the global economy out of recession and bring markets back to life.

World’s first curved glass suspension bridge inaugurated in Iran

TEHRAN – A suspension bridge made of curved sheets of glass, which is the first of its kind in the world, has officially been inaugurated in Ardebil province, northwest Iran, IRIB reported on Friday.

BY: Ebrahim Fallahi

Promoting CNG as the national fuel, challenges and merits

TEHRAN – Following the implementation of the gasoline rationing scheme, the government has been promoting the use of Compressed Natural Gas (CNG) as a replacement for gasoline, and has declared the mentioned fuel as the country’s national fuel.

BY: Ebrahim Fallahi

Iran revives gasoline rationing scheme, what to expect

TEHRAN – Four years after President Rouhani decided to put a stop on a fuel rationing plan which was the legacy of President Ahmadinejad’s government, once again on Friday, the government announced a decision on reviving the scheme and also a rise in gasoline prices.

Iran Plast 2019: a showcase for Iranian petchem power

TEHRAN – After four busy days, the 13th edition of Iran’s International Exhibition of Plastic, Rubber, Machinery and Equipment (IRAN PLAST 2019) was finally wrapped up on Wednesday.

By Ebrahim Fallahi

Iran's petrochemical industry unsanctionable: NPC head

TEHRAN – The managing director of Iran’s National Petrochemical Company (NPC) said petrochemical industry is not like oil industry and it is practically unsanctionable.

By Ebrahim Fallahi

Worries over global economy outweighs geopolitical factors in setting oil prices

TEHRAN – The upward trend of the oil prices in the market hit a stop point on Tuesday when the International Monetary Fund (IMF), once again, poured cold water on the hopes of oil traders who were getting optimistic about global demand this year.

By: Ebrahim Fallahi

Optimism growing among oil traders on signs of a tightening market

In the last two weeks, a variety of boosting factors have come together to push the oil prices up to their highest in near six months.

By Ebrahim Fallahi

One belt-one road, a path to economic resilience

The history of Iran and China’s economic and cultural relations goes back to the ancient times, when positioned at the heart of the Silk Road, Iran linked the Asian country to the nations in Europe. Now, centuries later, the two countries have still maintained those strong ties and the economic relations between the two sides are seemingly on a new path to growth.