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PMO to pay $857m for fleet supply in a year

30 March 2020 - 16:20
Iran’s Ports and Maritime Organization (PMO) will pay 36 trillion rials (about $857 million) for supplying marine fleet during the current Iranian calendar year (began on March 20), the managing director of organization announced.

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

22 March 2020 - 16:12
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.

Permanent Secretariat of Exhibitions and Investment Seminars in Oil and Petrochemical Industry Inaugurated in Kish

19 February 2020 - 21:59
Kish Island has high potential and capability to play a leading role in various industrial and economic fields especially oil, gas and petrochemical industries.

Foreign investment in Iran up 50% in 10 months

4 February 2020 - 14:23
Foreign investment in Iran has risen 50 percent during the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020) from the same period of time in the past year, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced.

TPO, ISIPO to co-op for promoting SMEs exports

4 February 2020 - 14:19
Iranian Trade Promotion Organization (TPO) and Iran Small Industries and Industrial Parks Organization (ISIPO) discussed cooperation for the promotion of exports by the country’s small and medium-sized enterprises (SMEs).

Over $476m in loans allocated for supporting non-oil exporters

1 February 2020 - 13:19
Iranian banks are going to pay 20 trillion rials (about $476.2 million) of low-interest-rate facilities to the country’s exporting companies, IRNA reported, quoting the country’s industry, mining and trade minister.

India to propose easing foreign investment rules further

10 January 2020 - 14:24
India is considering further opening up its insurance and aviation sectors to foreign investors to help spur the economy, according to people familiar with the matter.

Acting banks to loan $3b to develop oil industry’s upstream sector

9 December 2019 - 21:49
Iranian acting banks are authorized to offer up to $3 billion of loans to the oil industry’s upstream sector, according to the country’s budget bill for the next calendar year (starts on March 19, 2020), IRNA reported.

Commentary: Gold sector fragmentation hurts investors

9 December 2019 - 21:10
Of all the mining sectors, gold is possibly the most fragmented, and the gold industry and its investors would realize considerable benefits from consolidation. Brokerage Pollitt & Co. estimates that 50% of global iron ore and copper production comes from four and 10 companies, respectively, while 25 companies account for just 45% of total gold production.

IMF says $10 billion Congo budget unrealistic as mining slows

6 December 2019 - 19:34
The International Monetary Fund said the Democratic Republic of Congo’s proposed $10.2 billion budget is “unrealistic,” amid slowing output from the country’s copper and cobalt mines.
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