Basic goods imports exceed 4 mln tons in 10 months to late January: Iran’s GTC
Iran’s Government Trading Company (GTC) says the country imported over four million metric tons of basic goods in the 10 months to…
Economy
Iranian president inaugurates Persian Gulf Bid Boland Gas Refinery
President Hassan Rouhani inaugurated the Persian Gulf Bid Boland Gas Refinery, the largest in the Middle East and other important oil projects…
Iran’s inflation rate rises 1.7% as economy keeps reeling from COVID
Iran’s inflation rose by 1.7 percent in annual terms in the month to late January as the country keeps reeling from the…
Top banker says part of Iranian frozen assets released
Governor of Central Bank of Iran Abdolnasser Hemmati announced on Wednesday that part of Iran’s frozen assets have been released. Now, “we’re…
South Korean banks should pay damages on Iran’s frozen funds, says CBI governor
Central Bank of Iran (CBI) Governor Abdolnasser Hemmati says the country expects South Korean banks holding some $7 billion in Iranian funds…
Tehran, Baku move to expand ties with new deal
Iran and the Republic of Azerbaijan signed a new agreement at the conclusion of the latest round of the Joint Commission on…
Iran, Turkey sign 3 railroad deals
Iran and Turkey have signed three new agreements on railroad transport, the managing director of the Islamic Republic of Iran Railways said.…
Iran will restore crude output to pre-sanction levels within one day: NISOC chief
A senior Iranian Oil Ministry official says crude output in the country can be restored to levels recorded before the US sanctions…
Iran exports over 93k tons of agricultural products to Iraq
Iran exported more than 93,000 tons of various types of agricultural products (summer crops), valued at $43,138,000, to neighboring Iraq via Mehran…
Iran opens new projects in free trade, industrial zones
The Iranian President inaugurated 60 projects in the country’s free trade and economic zones on Thursday. In a videoconference on Thursday morning,…
Iran shuts operations at Chinese-Iranian bitcoin farm amid power shortage
Iranian authorities have ordered a temporary suspension of activities in a major cryptocurrency mining factory located southeast of the country amid a…
Iran’s steel exports up 35% y/y in late December: Report
Iran exported 35 percent more of its steel products in the calendar month to late December compared to the similar month in…
Iran-Iraq Joint Economic Commission convenes in Tehran
The 4th Iran-Iraq Joint Economic Commission meeting began in the Iranian capital on Tuesday. The two-day commission meeting is participated by high-ranking…
Iran’s export to Afghanistan to top $5bn in year to March 2022: TPO
ran’s Trade Promotion Organization (TPO) says the value of exports to Afghanistan is expected to reach $5 billion in the calendar year…
Iranian ship arrives at Venezuelan port in defiance of US sanctions
Iran and Venezuela continue to defy illegal US sanctions against the two longtime allies and trade partners, with reports saying an Iranian…
Iran earned less than $20bn from crude exports in 2020: Top banker
Central Bank of Iran (CBI) Governor Abdolnasser Hemmati says the country earned less than $20 billion from crude exports in 2020 as…
Iran to begin commercial operations at oilfield shared with Iraq, contractor says
A contractor working for the Iranian Oil Ministry says production from a joint oilfield located at the border with Iraq is to…
Narrowing of OPEC+ cuts insignificant to global supply, Iran oil Min. says
Iranian Oil Minister Bijan Namdar Zanganeh says a Tuesday decision by an international grouping of oil producers known as OPEC+ to slightly…
Iran’s CBI chief says prepayment for COVID-19 vaccines finalized
Central Bank of Iran (CBI) Governor Abdolnasser Hemmati says the country has finally made a prepayment for purchase of vaccines to tackle…
Ukraine plane crash victim families offered life-time benefits
Victim families of a Ukrainian plane crash that happened in January last year near the Iranian capital Tehran have been offered with…
Iran ready to make powerful return to intl. oil market
Since the lifting of anti-Iran sanctions is on the horizon, the Iranian oil industry is preparing to return to the energy market…
Iran’s pistachio exports double y/y in 3 months to December
Iranian pistachio exports have doubled year on year in the three months to late December as exporters expect even better earnings next…
Iranian president opens four power projects
President Hassan Rouhani inaugurated on Thursday some 26 power and drinking water projects with spending 2,700 billion tomans in four provinces. The…
Iran to resume gas flows to Iraq after deal on unpaid bills
Iran will resume normal gas flows to Iraq on Wednesday after reaching an agreement with Baghdad on Tuesday over unpaid bills, a…
Iran reduced gas supply to Iraq over $6bn in payment arrears, NIGC says
The National Iranian Gas Company (NIGC) says it decided to reduce supplies to the neighboring Iraq after debts owed by the Arab…
Iran divests shares in state companies to fund direct cash subsidies
The Iranian government will sell its stakes in major state-run companies to pay for cash subsidies targeting tens of millions of people…
Rouhani: Iran seeks at least 2.3m bpd oil export
Iranian President Hassan Rouhani announced here on Sunday that the government not only pursues daily export of 2.3 million barrels of oil…
Iran in talks with foreign investors to expand major airport
Iran is in talks with three foreign investors to build the second terminal of its primary international airport in Tehran, the Imam…
Iran launches major petrochemical projects
Iran launched three major petrochemical projects, which will bring its petrochemical production capacity to nearly 77 million tons per year. The projects,…
Iranian airline resumes flights to Ankara after months of hiatus
Public Relations Department Director of IranAir, the country’s national flag carrier airline, said that IranAir flights to Ankara airport were resumed after…
Iran’s Zanganeh meets Azerbaijani energy min.
Iranian Oil Minister Bijan Namdar Zanganeh hosted a meeting with his Azerbaijani counterpart in Tehran to discuss oil and energy issues concerning…
IRGC contractor unveils 2nd long-range crude tanker
Iran’s elite military force the IRGC has unveiled a second long-range crude tanker built by its engineering and construction headquarters, a sign…
Iran mulls changes to c share from crude revenues
An Iranian legislative official says the government is mulling to change the formula used to calculate the share of the National Iranian…
Iran, Russia energy ties expanding: Oil Minister
Iranian Oil Minister Bijan Zangeneh stressed that Iran and Russia seek to expand their energy cooperation. He made the remarks in a…
Iran’s oil minister in Russia for energy talks
Iran’s Oil Minister has traveled to Russia to meet the country’s newly-appointed energy minister as the two oil and gas powers plan…
Neighboring countries can invest in Chabahar port without limitation
Director General of Sistan-Baluchestan Ports and Maritime Department said that neighboring countries can invest in Chabahar Port without any restriction. In his…
Iran unveils new home-made car amid surge in output
Iran’s leading automotive company has unveiled a new home-made car amid a surge in domestic output of various car models that many…
Iran expands new COVID-19 cash handouts to 10 mln. more people
The Iranian government says new COVID-19 cash handouts will be available to an extra 10 million people as it intensifies efforts to…
Iran, Pakistan open 2nd border crossing for trade surge
Iran and Pakistan have inaugurated the second official border crossing for the transfer of goods and passengers. The border point opened during…
UN chief urges all countries to have trade with Iran conforming to Res. 2231
Secretary-General of the United Nations, António Guterres, called on all member states to preserve the July 2015 nuclear deal and engage “in…