Energy Economy

Some 401,500 tons of commodities worth over $115 million were exported from the northeastern Iranian province of North Khorasan in the last fiscal (ended March 19), according to a senior official.

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Some 750,787 tons of goods were exported from the northern Iranian province of Mazandaran to the Eurasian countries during the past fiscal year (ended on March 19), registering a 76% growth compared with the previous year. According to Ali Yusefi, head of Nowshahr customs office, dairy products, plastics, cement, and minerals, worth $32.92 million, constituted the lion’s share of the exports from the green province in the past year. The official noted that over 2 million tons of different products worth 685.776 million were imported from the Eurasian countries to the province during the same period. The imports observed an increase of 97% and 17% in terms of volume and value, respectively, he added. In September 2017, Iran lifted the customs tariffs on certain agricultural products that are exported to Eurasian countries to encourage exports to countries such as Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Mazandaran is responsible for the production of 40% of Iran’s rice, 50% of citrus fruits as well as 10% of poultry meat, part of which are offered in the international markets.

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More than 328,000 tons of goods worth about $164 million were exported to member countries of Eurasian Economic Union (EAEU) via customs of Gilan province, northern Iran, since October 27, 2019 – the date of entry into force of the Interim Trade Memorandum between Iran and EAEU – till the end of last Iranian year on March 20.

Trade volume exchanged between Islamic Republic of Iran and Eurasian Economic Union (EEU) exceeded $1.4 billion after the implementation of Preferential Trade Agreement (PTA) on Oct. 27, 2019.

Loading and unloading operations of goods at Iranian ports have registered a 55 percent decline since the beginning of the current year [started March 20, 2020] up to the present time due to the spread of coronavirus, also known as COVID-19.

During the first 15 days of the new Iranian calendar year which began on March 21, the National Iranian Drilling Company (NIDC) has drilled six oil and gas wells.