Energy Economy

Iranian traders and companies have exported some $151 million worth of non-oil goods to Afghanistan through the Eastern province of Southern Khorassan in the first 6 months of the current local calendar year.

Iranian Industry Minister said that his country and Iraq have the potential to increase the volume of their bilateral trade to $20 billion by 2021. adding that Tehran and Baghdad are determined to meet the objective.

ECO is a Eurasian economic intergovernmental organization founded in 1984 in Tehran by Iran. Pakistan and Turkey.

Iran’s non-oil trade with the world surpassed $42 billion in the first 6 months of the current local calendar year. Head of Iran'.s Customs Administration Mehdi Mirashrafi said.

China. Iraq. Turkey. the UAE and Afghanistan were Iran’s main export destinations over the period.

Deputy Prime Minister of Russia’s Republic of Bashkortostan (known as Bashkiria) Andrey Nazarov said that there is no restriction facing the expansion of business transactions between Islamic Republic of Iran and Russia.

The National Iranian Oil Company (NIOC) has planned to offer 2 million barrels of light crude oil on the international floor of the Iran Energy Exchange (IRENEX) on October 8 at $61.1 per barrel.

Governor of the Central Bank of Iran announced that his country’s national currency the rial has regained over 40 percent of its value. to Washington’s disappointment as the US is trying to damage Tehran’s economy with unilateral sanctions.

Iran’s Deputy Transportation Minister Shahram Adamnejad announced that the country’s largest airline IranAir has posted an operating profit for the last local calendar year ending on March 20. 2019.

Iranian Minister of Industry. Mine and Trade Reza Rahmani said that his country is planning to further decline the volume of imports by 2021. in a move to increase national economy’s resistance to US-posed pressures.