Tag Archives: Trade

Russia and Iran are organizing cooperation between the Russian financial messaging system and Iran'.s Electronic Financial Messaging System (SEPAM) as an alternative to making payments through SWIFT.

The Plan and Budget Organization of Iran (PBO) announced that the country’s non-oil exports. including petrochemicals and condensates. exceeded $44 billion in the year ending March 2019. posting a 5.9% rise in comparison with figures from 2013.

Reza Ardakanian said that his country’s membership in the Eurasian Economic Union (EAEU) has brought in many advantage for Tehran. including tariff exemptions on 850 items of goods.

Iranian Ambassador to Dushanbe Mohammad Taqi Saberi expressed his country’s readiness and willingness for expanding bilateral ties with Tajikistan in areas of commerce and economy.

Turkish companies are more inclined to invest in Iran than any other foreign companies.

Demand for OPEC crude will average 29.40 million bpd in 2020. down 1.2 million bpd from this year.

At 416.1 million barrels. U.S. crude oil inventories were at their lowest since October 2018.

Oil demand growth will be ``significantly higher`` helped by a comparatively low base in the second half of 2018.

Iranian Ambassador to India Ali Chegeni called on the Indian government to resume importing Iranian oil. noting that sanctions against the country are imposed unilaterally by the United States not by the United Nations.

Iran will give further momentum to privatization process with handing over authority over small ports to the private sector. in a bid to boost shipping activities to offset the impacts of US sanctions on trade. according to a senior maritime official.