Energy Economy

Iran has been expanding its oil destination markets as the country is pushing to send more oil to the global markets in an attempt to neutralize Western sanctions. Iran has sent shipments of crude oil to new destinations such as Bangladesh and Oman, according to shipping sources and data cited …

Iran’s Ambassador to Russia Kazem Jalali has described the Iran-Russia gas transfer as a win-win deal. In an interview with IRNA which was published on Sunday, Jalali said that the landmark project will benefit both sides. In the past, there were some speculations that Tehran and Moscow were rivals when …

Based on the latest data released by the Iranian Ports and Maritime Organization (PMO), some 76,330,052 tons of goods were loaded and unloaded at the country’s ports in the first four months of the current Iranian calendar year (March 20- July 21). As reported, during the mentioned four months more …

The spokesman of Iran House of Industry, Mine and Trade said that the country’s export of non-oil commodities increased $1.350 billion in the first four months of this year 1403 in the Iranian calendar (started March 21, 2024). Iran exported $17.5 billion worth of non-oil goods from March 21 to …

The head of the Islamic Republic of Iran Customs Administration (IRICA) said that in the first four months of the current Iranian calendar year (March 20-July 21) the country exported $17.5 billion non-oil goods, registering an 8.0 percent growth, year on year. Mohammad Rezvanifar put the total value of the …

Iran’s exports of non-oil commodities have increased by 40 percent during three years to March 2024, according to the Islamic Republic of Iran Customs Administration (IRICA). According to the report, Iran’s non-oil trade surged from $74 billion in 2020 to $116 billion in 2023, marking a 57 percent increase. IRICA’s …

Iran’s oil minister, Javad Owji, said on Sunday the country is exporting crude oil to 15 nations, defying US sanctions aimed at curbing its nuclear program. Owji, in a post by the Ministry’s official account on X, said that Iran’s revenue from oil, gas and petrochemicals surged to $65 billion …

Iran is ready to continue bilateral talks with Kuwait over the Arash (Durra) offshore gas field, according to Foreign Ministry Spokesman Nasser Kanani. “Iran has repeatedly declared, that the Islamic Republic is ready to continue bilateral negotiations with Kuwait in line with the results of the previous talks over exploiting …

Non-oil exports of the Islamic Republic of Iran exceeded $36 billion over the past 9 months of the Iranian calendar year, a senior Iranian trade official announced. The export director general of the Iranian customs organization, Ali Akbar Shamani, said on Tuesday the country’s non-oil exports have reached $36bln over …

The value of Iran’s exports to Pakistan increased by 13 percent in 2023 as compared to 2023, according to the Pakistan Ministry of Commerce. The data released by the Pakistan Ministry of Commerce indicate that Iran exported non-oil commodities worth $944 million to its neighbor Pakistan in the past year, …