Energy Economy

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.

Iran’s ambassador and permanent representative to the International Atomic Energy Agency says the IAEA will soon send two rapid coronavirus diagnostic test devices to Iran. Kazem Gharibabadi said following consultations between the two sides, the International Atomic Energy Agency decided to send two RT-PCRs to Iran. “In addition to these …

Saudi Arabia showed no sign of bowing to pressure from President Donald Trump to dial back the oil-price war with Russia as the kingdom pushed crude supply to record levels.

The Kurdistan Workers’ Party (PKK) has claimed responsibility for the Tuesday blast in the strategic pipeline delivering Iranian natural gas to Turkey.

Iran's Vice President for Economic Affairs Mohammad Nahavandian said many EU states back Iran's $5b loan bid from the International Monetary Fund, as the country is fighting coronavirus epidemic.

Iran's Minister of Industry, Mine and Trade Reza Rahmani informed of allocating 100,000bln Tomans (over $23bln) for the protection of the production centers harmed by the coronavirus epidemic.

The German Federal Foreign Office confirmed that the first transactions between Europe and Iran has successfully been concluded through the Instrument in Support of Trade Exchanges (INSTEX)‎. A European payment system set up by Germany, France and the UK for trade with Iran, INSTEX ‎has been designed to circumvent US …