Tag Archives: Trade

The National Iranian Oil Refining and Distribution Company (NIORDC) and Iranian Mines &. Mining Industries Development &. Renovation. known as IMIDRO. have signed an agreement for production of sponge and needle coke in Bandar Abbas.

Iranian Minister of Petroleum Bijan Zangeneh said Bandar Abbas and Imam Khomeini refineries were to produce 700.000 tons per year of sponge and needle cokes in Iran.

Oil is off more than 20% from peaks struck in January after a spreading virus hit demand in the world’s largest oil importer and fueled concerns of excess supplies.

Iran’s domestic production in all industries. except in the aluminum and automotive industries. has been increasing since the beginning of the current Iranian year. Minister of Industry. Mine and Trade Reza Rahmani said.

Such achievement gained while the enemies have imposed unjust sanctions against the country.

Producers are weighing further output cuts and moving a planned policy meeting to February rather than March.

Iran EXPO is an international trade event that aims to help companies export their products.

India'.s imports from the Middle East declined from 145.8 million tons in 2018 to 132.4 million tons last year.

A senior official at the Swiss State Secretariat for Economic Affairs (SECO) said many companies have voiced readiness to engage in trade with Iran following the opening of a financial channel earlier this week.

A gauge of the nation’s stocks plunged almost 8%. commodity futures from iron ore to crude sank by the daily limit. and the yuan weakened past a key level against the dollar.