Iran exported 65.5 million tons of non-oil commodities worth $18.2 billion during the first seven months of the current Iranian calendar year (March 20-October 21), registering a 17.5-percent fall in terms of weight, compared to the figure for the previous year’s same period. According to the Head of the Islamic …
Read More »Iran Eying 15% Rise of Non-Oil Exports in H2
Iran’s Deputy Minister of Industry, Mine and Trade Hamid Zadboum said the country is considering to increase export of non-oil products by 15% in the second half of the current Iranian calendar year (September 22, 2020 -March 20, 2021). “Although spread of the coronavirus disease has decreased global trade almost …
Read More »Iran, Russia Renew Agreement on Sirik Power Plant
Iran and Russia have renewed agreement on construction of Sirik power plant in southern Iranian province of Hormuzgan, Iran’s Ministry of Energy said on Saturday. The project will become operational soon after approval of a loan from Russia, director of power plant projects in Iran Behnam Khaefinejad has said. As …
Read More »Era of Unilateralism Over
Oil Minister Bijan Zangeneh on Monday slammed the US for imposing sanctions against him, saying that the era of unilateralism is over in the world. “Imposition of sanctions on me and my colleagues is a passive reaction to the failure of Washington’s policy of reducing [Iran’s] crude oil exports to …
Read More »Iran to Make more Use of Oil-for-Goods Barter Deals
Governor of Central Bank of Iran (CBI) wrote in his Instagram account that in order to increase the volume of the country’s foreign trade and make better use of domestic production facilities, in addition to current methods, the use of bartering oil in return for basic goods will increase. Despite …
Read More »Iranian Trade Center Launched to Export $1 Billion to Syria
Head of Iran-Syria Joint Chamber of Commerce Keyvan Kashefi said on Sunday that the establishment of the Central Iranian Trade Building in Damascus is a step towards realizing $1 billion worth of non-oil goods export to Syria. Referring to providing full equipment, meeting halls for economic conferences at the center, …
Read More »India Set to Lose Farzad-B Gas Field in Iran
India has all but lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran decided to prefer domestic companies over foreign firms for development of the field, sources said. ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), had …
Read More »Iran, Qatar Emphasize Developing Bilateral Ties
Islamic Republic of Iran and Qatar stressed the need to develop and expand bilateral ties on a series of mutual interests. Iranian Minister of Energy Reza Ardakanian and Qatari Minister of Commerce and Industry Ali bin Ahmed Al Kuwari held talks on Tue. through videoconference. In this online meeting, the …
Read More »Iran Ups Gas Output in Parsian Refinery by 9 Percent Y/Y
CEO of Parsian Gas Refining Company Farshid Abdali Dehdezi announced a 9% year-on-year increase in the production of gas and gas condensates in the first six months of the current Iranian year (March 21, 2020-September 21, 2020) Abdali Dehdezi pointed out that his company supplied 10.34 billion cubic meters of …
Read More »Iran’s Envoy Reacts to IAEA Chief’s Comments
Iran’s Permanent Envoy to the International Atomic Energy Agency (IAEA) said that considerable centrifugal and quality of nuclear materials have no place in the documents of IAEA. Iran’s Permanent Ambassador to Vienna-based International Organizations Kazem Gharibabadi made the remarks on Sunday in his reaction to the statements raised by the …
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