Iran will simply mirror the level of commitment shown by the European side.

A prominent Iranian analyst voiced pessimism about the efficiency of the Europe-proposed Instrument in Support of Trade Exchange (INSTEX) for trade with Iran. stressing that the European states adopt all their measures in coordination with Washington.

Iranian officials announced that the construction of the 32-kilometer railway connecting the city of Shalamcheh in Southwestern Iran to Basra in Southern Iraq will kick off in the next few months.

Tehran and Baghdad have already signed an agreement to resolve disagreements over Arvand Rud based on the 1975 Algiers Accord.

Tehran lashed out at Washington for its attempt to wield influence on the Organization for Petroleum Exporter Countries (OPEC) through Saudi Arabia to undermine the role of Iran and Venezuela as the two major members of the oil cartel.

A senior official announced that Iran has exported $7.996 million worth of non-oil commodities from its Northeastern province of North Khorassan in the first three months of the current local calendar year (March 21- June 21).

Director General of Iran Air Touraj Zangeneh said that his company has achieved self-sufficiency in repairing and maintaining its fleet. despite the US unilateral sanctions.

The Europe-proposed Instrument in Support of Trade Exchange (INSTEX) should provide a comprehensive channel for financial transactions with the European states to wire back Iran'.s crude revenues. a senior Iranian legislator stressed.

Nigeria’s largest independent oil producer plans to spend as much as $5 billion to boost its oil and natural gas production in the next five years.

A new study reveals most people would be happy to have their charging automatically managed to avoid times of peak grid demand if it cut their energy bills.