Tehran is willing to expand economic relations with Pretoria and the ties should develop with a good momentum, said the president in a meeting with Nkoana-Mashabane.
An Iranian team of economic and cultural players is reportedly in the US to hold talks with their American peers and present Iran's capacities, said a member of Tehran Chamber of Commerce.
Given a decline in gas prices in Europe, it is not economically feasible to export gas there at the moment, said Mohsen Ghamsari.
Defying US warnings, India has signed an agreement with Iran to develop a port in the southeastern province of Sistan-Baluchestan.
Iranian and Algerian chambers of commerce are duty bound to encourage their private sectors to promote trade and embark on joint ventures, said Shafei.
Officials from Eni conducted negotiations with the Iranian oil minister a few days ago on development of Iran’s joint fields, said Abdolreza Haji Hosseininejad.
The opening of a joint Iran-Russia bank account, presence of Russian banks in Iran and choosing a Russian bank for rial-based trade exchanges in Russia are some of the measures underway.
European manufacturers aim to return to the country if sanctions are eased under a proposed nuclear pact.
The Islamic Revolution leader has said that the country needs to rely on its domestic production if it wants to see its economic problems solved.
Iran and Russia have started to use a mechanism which helps them ditch dollar and trade in ruble.