Tag Archives: Transit

Iranian and Turkish banks are working on a plan to establish a financial channel between the two countries based on national currencies. in a bid to evade US sanctions against Tehran.

An ideological affiliate of India’s governing has now come out and advised Prime Minister Narendra Modi to reconsider New Delhi’s decision. to ignore US demands not to purchase oil from Iran as it would represent a strategic setback for India.

The Director General of Khorramshahr Ports and Maritime Organizations said that loading and unloading of cargo in Khorramshahr Port registered a 38% growth from March 21 to August 21. as compared to the last year’s corresponding period.

Under an agreement signed between Iran and Russia. Moscow was set to allocate a one-billion-dollar loan to Tehran for construction of a 1400-megawatt power plant in southern Iran.

French energy giant Engie. Shell of the Netherlands. and two German companies. Uniper and Wintershall Dea. are all financing partners of the 9.5 billion euros project.

A key trade deal between Iran and the Eurasian Economic Union (EAEU) will officially take effect on October 26. Russian Energy Minister Alexander Novak said in a meeting with his Iranian counterpart Reza Ardakanian.

Turkmenistan is the top trade partner of Iran’s Northeastern province of Khorasan Razavi. and the country is working on establishing a new border crossing for increasing the volume of trade with Iran. a local official said.

Iranian Deputy Minister of Road and Urban Development announced that his country will soon start track-laying operations for 40 kilometers of Astara-Rasht railroad which will link Azerbaijan’s Southern city of Astara with Iran’s vast network.

Merchants and businesspeople who use Shahid Beheshti area of the port of Chabahar will enjoy a 30-percent discount in their customs duties.

An economic delegation form Iraq’s Babil Governorate will arrive in the western Iranian province of Kermanshah on Tuesday for a three-day visit.