Tag Archives: Iran

Acting Head of Trade Promotion Organization of Iran (TPOI) Hamid Zadboum said that Preferential Trade Agreement (PTA) between Islamic Republic of Iran and Eurasian Economic Union (EAEU) will be implemented in Nov. 2019.

The latest statistics of the Islamic Republic of Iran Customs Administration (IRICA) showed that Iran’s foreign trade volume in the first five months of the current Iranian calendar year (March 21 – August 21) has reached $35.539 billion.

CEO of the Petrochemical Research and Technology Company (PRTC) says Iranian petrochemical companies are keen on consuming local catalysts for their operations to cut expenses.

An official with the National Iranian Oil Company (NIOC) said that the development project of South Pars Phase 11 would commence this Iranian calendar year (ending on March 20).

More than 82.000 megawatts of electricity have been generated by Iranian power plants in the past five months since March 21 (the start of the local calendar year). which puts the country among the top 9 energy producers in the world.

Iran will take the third step of reducing commitments within the JCPOA if Europe cannot offer the country new terms by the deadline at the end of this week.

Governor of the Central Bank of the Islamic Republic of Iran (CBI) Abdolnaser Hemmati says the country’s economy is more stable now compared to last year as inflation rate loses momentum.

The agreement was earlier signed in 2009 during PPP government for 25 years. but since then the project could not get the shape.

The contents of the deal are unchangeable and all parties and signatories to it need to be committed to its contents.

The US had targeted Iran in different sectors.