Iran’s oil minister seeks help from IRGC controlled firm to export oil
Radio Farda – Highlighting his “great efforts to circumvent the sanctions,” Islamic Republic Oil Minister Bijan Namdar Zanganeh disclosed that he had…
Economy
Lawmaker: Iran to restore unlimited peaceful N. industry if UNSC sanctions reinstated
FNA – A senior member of the Iranian parliament’s National Security and Foreign Policy Commission warned that if the US returns the…
Iran ranks top in oil & gas exploration
IRNA – National Iranian Oil Company (NIOC) by exploring 4.9 billion barrels liquid hydrocarbon in 2019, is standing on top of oil…
Iran’s economy regaining balance after COVID-19 shock: Top banker
Tasnim – The Governor of the Central Bank of Iran said the country’s economy has begun to recover after the shock of…
Iran ranks 1st in world oil and gas discovery in 2019
SHANA — The National Iranian Oil Company (NIOC) ranked first among the world’s largest oil companies in terms of total oil and…
Iran’s oil exports more than halved in year ending March 2020
Bloomberg – Iran’s oil revenue slumped by more than half in the last Iranian calendar year, relative to government forecasts for the…
Currency, gold keep climbing
Financial Tribune – Forex rates moved above 260,000 rials on Sunday to extend a rally that has strengthened since the beginning of…
Iran, US battle over sanctions at world court
Tasnim – The United States and Iran will face off at the UN’s top court on Monday in the latest round of…
Official: Iran to accelerate trade with Turkey
IRNA – Iran is ready to increase trade exchanges with Turkey, the head of Iran Customs Administration said, referring to carrying out…
India could lose basmati rice market in Iran to Pakistan as US sanctions disrupt payments
The Print – Tehran and New Delhi explore barter trading options even as Iran has stepped up importing basmati rice from Pakistan. …
Iran says it supports OPEC as far its interests are protected – SHANA
Reuters – Iran supports OPEC as far as the group protects Iranian interests alongside other members, Iran’s OPEC governor Amir Hossein Zamaninia…
Iran western borders resume normal activities lifting lockdown
IRNA – Border restrictions to contain coronavirus pandemic were lifted on Mehran and Shalamcheh, western Iran. with resumption of normal activities. Iranian…
Iran exports $2.5b non-oil products to Arab states
IRNA – Iran has exported about $2.5b worth of non-oil products to Arab states in the Persian Gulf and the Middle East…
Iran’s steel exports exceed 1.7mn tons in five months
MNA – Statistics showed large steelmakers in the country exported 1,786,611 tons of steel in the first five months of the current…
Majlis reviewing situation of capital market & stock exchange
IRNA – Parliament is currently reviewing situation in the capital market and stock exchange in an informal session in the presence of…
Iran’s currency hits new record low against the dollar
AP — Iran’s currency on Saturday dropped to its lowest value ever against the dollar, and has seen its value fall by…
Tehran Stock Exchange: The end of an illusion
Al-Monitor | Ali Dadpay: Many Iranian investors have recently seen the value of their portfolios drop significantly due to governmental overregulation in…
Iran’s exports of construction materials topped $7bn in year to March: Minister
Press TV – Iran’s minister of industry, mine and trade says the country earned nearly $7 billion from exports of various materials used…
Countdown begins for commissioning 23 wells in South Azadegan
SHANA — The National Iranian Drilling Company (NIDC) has about to complete sinking 23 development wells at South Azadegan Oilfield, an NIDC…
Envoy: Iran has developed economic ties with Iraq
IRNA – Iranian Ambassador to Baghdad Iraj Masjedi said on Wednesday that despite regional problems and conditions caused by COVID19 outbreak, Iran’s…
Iran, Turkey mull over ways of targeting $30bn trade
MNA – Head of Iranian President’s Office for Communications said that the two countries of Iran and Turkey mulled over ways of…
Iran calls for modifying Iranian banks guarantee with India Export Development Fund
IRNA – Iranian Economy Ministry suggested modifying the guarantee of the LC agreement between Iran banking system and India Export Development Fund.…
Iran produces 9.2m tons of steel ingot over past five months
IRNA – Iran produced some 9.2 million tons of steel ingot over the past five months of the current Iranian year (started…
25th Iran Oil Show to be held in October
SHANA — The 25th International Exhibition of Oil, Gas, Refining and Petrochemicals will be held from October 12 to 15. According to…
Iran taps its sovereign wealth fund to calm stock market jitters
Bloomberg – Iran will set aside 1% of its sovereign wealth fund to stabilize the country’s stock market after its main index…
Namaki urges for global call to end US illegal sanctions
MNA – In a letter to Director-General of the World Health Organization (WHO), Iranian Minister of Health Saeed Namaki called for a…
Iran to overcome US sanctions via ‘Club of Sanctioned’ : MP
MNA – An Iranian parliament member said that the first and foremost result of forming a club of sanctioned is that it…
Minister: Iran’s gas exports doubled in seven years
IRNA – Iranian Minister of Petroleum Bijan Zangeneh announced on Monday that Iranian gas export has doubled over the past seven years…
Forex, gold move higher in Tehran
Financial Tribune – After a brief halt on Thursday, forex rates resumed rally at the start of the trading week on Saturday…
India’s 8th wheat cargo to Afghanistan arrives in Chabahar
MNA – India’s eighth consignment of donated wheat to Afghanistan has arrived at Chabahar’s habaharPort, according to the director-general of Sistan and…
TCCIMA to hold online Iran-Russia business forum in late-Sep.
Tehran Times- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) is going to hold an Iran-Russia business forum via video conference…
500 fuel vessels take berth in Shahid Rajaee port in 5 months
MNA – The director general of Hormozgan Ports and Maritime Organization said that a number of 500 fuel vessels took berth in…
Tehran stocks fall 2.5%
Financial Tribune – The main index of Tehran Stock Exchange, TEDPIX, fell 2.51% on Tuesday, shedding 43,294 points and retreating to 1,684,741…
Dollar rallies above 240,000 rials
Financial Tribune – Major currencies resumed their climb versus the rial from Monday with the dollar rising more than 10,000 rials in…
New UN council president stands by dismissal of US sanctions move on Iran
Reuters – Niger, the U.N. Security Council president for September, said on Tuesday it stands by a declaration that no further action…
Phase 1 of Jask oil terminal ready for operation
SHANA — The head of Jask Oil Terminal Project said the first phase of the terminal would be launched by the end…
5-month output of Noori petchem plant 10% Up Y/Y
SHANA — The CEO of Noori Petrochemical Company said the plant’s output saw a 10% increase in the first 5 months of…
Sanction, pressure policy on Iranians fails: Gov’t spox
IRNA – Government spokesman Ali Rabiee said on Tuesday that Iranians are confident that the policy of sanctions and pressure on them…
Govt. vows to propel economic plans despite obstacles
MNA – President Hassan Rouhani said his government will exert every effort to propel the country’s development plans despite the challenges posed…
Official says 88% of Iranian cross-border customs offices are open
IRNA – Some 88% of Iranian cross-border customs offices are currently open for trade and passengers movements, an official with Trade Promotion…