Iran fourth major fig producer in world: official
MNA – An official with Iran’s Agriculture Ministry said that Iran is the fourth major fig producer in the world. The General…
Economy
Sanctions recall on ‘Afghan effect’: One route stopped, new emerges – Professor
Sputnik – Head of investment at National Iranian Oil Company said the contract for Tehran’s South Pars gas project with France’s Total…
Asian consortium plans major investment in Iran petchem sector
SHANA – A major Asian consortium is planning to invest 7 billion dollars in Iran’s petrochemical industry, an official with the National…
Official: Iran accounts for 92% of world saffron output
IRNA – Iran accounts for 92 percent of the world’s saffron production, said the deputy head of Iran’s National Saffron Council. In…
Sanctions closing in, Iran to attend September OPEC monitoring committee to protest oil quota reallocation
Platts – Iran will send its oil minister, Bijan Zanganeh, to a September meeting of the monitoring committee overseeing OPEC’s supply accord…
Why China will continue to buy Iranian crude
Oil Price | Tim Daiss: As the U.S. and Iran continue to trade barbs over the restart of economic sanctions against the Islamic…
Iran-Iraqi Kurdistan border trade to double
MNA – Morteza Ebadi, the Consulate General of Iran to Erbil and the Governor General of Erbil Province Nawzad Hadi Mawlood vowed…
Growth in Iran’s non-oil trade with Oman
Financial Tribune – Iran traded 1.16 million tons of non-oil commodities worth $537.42 million with Oman during the first four months of…
Iran VP: Closing businesses, betrayal to country
IRNA – Iran’s Vice-President for Scientific and Technological Affairs Sorena Sattari said on Tuesday that closing businesses is a big betrayal to…
UK’s Quercus pulls plug on $570 million Iran solar plant as sanctions bite
Reuters – British renewable energy investor Quercus said it will halt the construction of a 500 million euro ($570 million) solar power…
India is considering 50 percent Iran oil cut to win U.S. waiver
Bloomberg – India, the second biggest crude customer for Iran, may cut its imports from the Islamic republic by half to secure…
Sunni leader: Iraq should stay neutral in Iran-US spat, but must back sanctions
Rudaw – Iraq should remain neutral in the diplomatic rivalry between the US and Iran, but must also commit to sanctions, a…
Private sector needs to play more active role during economic war
MNA – Iran’s Rear Admiral Ali Shamkhani, the Secretary of Supreme National Security Council (SNSC) has called for the private sector’s help…
Austria to enhance cooperation with Iran on renewable energy, tourism – Envoy
Sputnik – Austrian Ambassador to Tehran Stefan Schulz said on Tuesday that Austria was planning to foster its ties with Iran in…
Former CBI governor must be held responsible for market rigging: MP
MNA – An Iranian MP said on Tuesday that the former CBI governor Valiollah Seif must be held liable for rigging in…
Total waits on CNPC to decide on Iran’s South Pars natural gas field stake
S&P Global Platts – Total is awaiting a decision by China National Petroleum Corp. on whether it will take over its stake…
Iran hails Swiss investment: Energy Minister
IRNA – Iran welcomes Swiss companies bid to invest on Iran’s solar energy sector, said the country’s minister of energy on Tuesday.…
Chinese freight train enters Iran from Incheh-Burun
MNA – A Chinese freight train containing oil products have entered Iran from Incheh-Burun border, said the director of Iran’s Northeastern railway…
How Iran is countering Trump’s new sanctions
Vice News | Andrew Potter:U.S. President Donald Trump imposed sanctions on Iran last week — completing his torching of the historic nuclear…
More Iraqi Kurds visit Iran as rial depreciation reduces travel costs
MNA –The depreciation of Iranian national currency ‘the rial’ has significantly decreased the cost of travel to Iran for Iraqi Kurds, boosting…
Rise in steel ingot production
IRNA – The total steel ingot production in Iran in the first quarter of the current Iranian calendar year (beginning on March…
NITC braces for facing sanctions
SHANA – The National Iranian Tanker Company (NITC) says it is ready to counter potential US sanctions. “Under the previous round of…
Ban on rice imports pushed back
Financial Tribune – The Ministry of Agriculture has announced that the ban on rice imports will be postponed this year. Importers will…
Iran’s government steps in to address paper crisis, but papers over the cracks
Bourse and Bazaar | Maziar Motamedi: Among currency fluctuations and returning sanctions, Iran is now battling a paper crisis. Gradual price hikes…
Capping bank numbers on CBI agenda
Financial Tribune – The Central Bank of Iran seeks to halt an increase in the number of banks and is open to…
First 50ml gasoil tanker berthed at Chabahar Port
SHANA — Iran has modified Jetty 5 of Chabahar Port so that it can berth gasoil carriers of up to 50 million…
Spain to protect its companies against US sanctions
IRNA – The Spanish government says it will defend its companies against US unilateral sanctions against Iran, Islamic Republic News Agency quoted…
Commander says Basij ready to counter anti-Iran economic war
MNA – The Commander of Iran’s Basij Resistance Force Gholamhossein Gheybparvar said that Basij is ready to help relevant Iranian organizations in…
Iraq will not abide by US sanctions against Iran: Abadi
Press TV – Iraqi Prime Minister Haider al-Abadi says his government will only refrain from using the dollar in transactions with Iran without…
Iranian, Syrian economic delegations meet in Damascus
IRNA – Iran’s economic delegations and their Syrian counterparts held a meeting in Damascus. Iran’s economic delegation headed by deputy minister of…
China to buy Iran oil regardless of US sanctions
IRNA – As the biggest trade partner of Iran, China has long been importing Iranian oil, and will keep doing so despite…
Iran offers discounted oil to Asia
Economic Times – Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of…
Gas pipeline bolsters Iran-Pakistan ties
SHANA — Iran’s ambassador to Islamabad said the gas pipeline expected to transfer natural gas from Iran to neighboring Pakistan could bolster…
Mismanagement, not sanctions, main cause of Iranian currency devaluation: Leader
IFP – Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei has blamed the government for the ongoing economic crisis in the…
Iran to export electricity to Russia via Azerbaijan/Armenia: Minister
IRNA – Iran’s minister of energy said separate negotiations with Armenia and Azerbaijan on export of electricity to Russia have been commenced.…
Who profits from Iran’s oil major exodus?
Oil Price | Viktor Katona: Donald Trump’s decision to leave the Iran nuclear deal and slap sanctions on Teheran is the most…
LNG, Iran bargaining chip
SHANA – Demand for natural gas is growing on the global scale. Over 20 years to come, the energy mix is set…
Total still in South Pars contract: Official
SHANA – A senior Iranian oil official says French energy major Total is still part of a contract aimed at developing phase…
Iran’s saffron exports grow 25% to $98m in 4 months
Financial Tribune – More than 70.8 tons of saffron worth nearly $98.35 million were exported from Iran to 49 countries during the…
No gasoline price hike plan
Financial Tribune – Prices of gasoline and oil derivatives will experience no change until the end of the current fiscal year that…