Saturday, July 2, 2022


Iranian official: Neighbors accounted for 51 percent of Iran’s total exports

The Iranian Customs Organization’s spokesman has said non-oil trade between the country and neighbors in the first quarter of this Persian year was $12.36bn. Seyyed Ruhollah Latifi added that neighbors accounted for 51 percent of Iran’s total exports.

OPEC says Iran’s oil revenues exceed $25bn

A report released by the Organization of Petroleum Exporting Countries (OPEC) shows Iran has earned more than $25 billion in revenue from oil exports in 2021.

Iranian official: Oil swap deals revived after visit by Russian, Kazakh delegations

Iranian Deputy Foreign Minister for Economic Diplomacy says the north-south corridor toward Russia has been launched and following a visit by Russian and Kazakh delegations to the Islamic Republic, oil swap deals were revived.

Iran says ready to increase oil production to balance market

The Iranian oil minister says the country is ready to increase its crude production to pre-sanctions level to strike a balance in the global market.

Iran says ready to increase gas swap with Turkmenistan for exports to Azerbaijan

Iranian President Ebrahim Raisi says the country is ready to increase the natural gas swap capacity between Turkmenistan and the Republic of Azerbaijan through Iran.

China, Russia welcome Iran’s application to join BRICS club

China and Russia have voiced support for an application filed by Iran — which is home to one of the world’s largest oil and natural gas reserves — to become a member of the BRICS alliance of emerging economic powers.

Hackers attack Iran’s Khouzestan Steel Company

Key Iranian steel producer Khouzestan Steel Company has been targeted with a cyber attack, reports say.

Iran to roll out pilot version of Crypto-Rial digital currency soon

Iran says it is preparing to roll out a pilot version of its first Central Bank Digital Currency (CBDC), named Crypto-Rial, in around two months, in a development that could transform the country’s financial canvas.

As reliable partner, Iran can link BRICS to major energy routes: Raisi

President Ebrahim Raisi expresses Iran’s readiness to share all of its capabilities and capacities with the BRICS states to help the five emerging economic powers achieve their objectives, saying Iran, as a reliable partner, can connect them to the world’s main energy routes.

Source: UK mulling restoration of trade ties with Iran

A spokesperson for the British Prime Minister Boris Johnson’s office has revealed that the UK is weighing mechanisms to facilitate restoration of trade ties with Iran.

Daily critical of soaring prices of goods in Iran

An Iranian daily says the administration of President Ebrahim Raisi has failed to make good on his promises to keep prices of basic commodities and products in check after removing the subsidies.

Report: Iran registers highest monthly inflation figure since 1979

Iran’s monthly inflation has hit a four-decade record high of 12.2 percent over the Persian calendar month of Khordad – May 22 to June 21.

Iran’s foreign trade hits $25.5bn in the first quarter

Iran’s Customs Administration says the country recorded a foreign trade of 25.5 billion dollars in the first three months of the current Persian calendar year that began on March 21.

Iranians remain among top purchasers of home in Turkey

Latest figures from Turkey’s Statistics Office show Iranians remain among the top purchasers of residential buildings in the country.

‘Value of Iran-Turkey trade rose by 38% in 1st four months of 2022’

Official data show the value of trade between Iran and Turkey increased by 38 percent to $2.1 billion in the first four months of 2022, up from $1.5 billion during the same period a year earlier.

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Report: Turkey blocks Iranian passenger plane from refueling before takeoff

An Iranian passenger plane on route from Istanbul to Tehran has been reportedly forced to make an emergency landing in the northwestern city of Tabriz, after Turkey prevented the flight from refueling on its soil.

Iran’s capital hosting 29th edition of intl. agro-food exhibition

The Iranian capital, Tehran, is hosting the 29th edition of the International Exhibition of Food, Food Technology and Agriculture (Iran Agrofood 2022), which is the largest such event in the Middle East.

‘Iran’s natural gas exports witnessed 2-percent growth last year’

A report says Iran’s natural gas exports witnessed a 2-percent growth last year, despite the draconian sanctions imposed by the US on the Islamic Republic’s energy sector.

Iran minister: $1.6bn of Iraq’s overdue gas debt received

The Iranian oil minister has announced that Iraq has paid $1.6 billion of its gas debt to the Islamic Republic.

Iran, Turkmenistan agree to establish a joint trade center

Iran and Turkmenistan have agreed to establish a joint Trade center aimed at facilitating economic ties between the two neighboring countries.

Transportation ties between Iran, Turkmenistan grows

Iran’s Minister of Transport and Urban Development Rostam Ghassemi says transportation between the Islamic Republic and Turkmenistan has increased by 50 percent since the implementation of previous agreements and revision of tariffs.

Iraq says will repay 2020 gas debts to Iran ‘within two days’

Iraq’s Ministry of Electricity says it will settle its debts for 2020 gas purchases from Iran “within two days,” as part of measures to avoid a halt in the flow of much-needed gas into the Arab country.

Iranian official: Export natural gas to Turkey rather than Iraq

The secretary of the Iranian Oil, Gas and Petrochemical Products Exporters Union has proposed replacement of Iraq with Turkey as the destination for Iranian natural gas exports.

Iran-flagged tanker carrying crude reaches Venezuelan waters

An Iran-flagged tanker carrying about 1 million barrels of crude from the Middle Eastern country arrived in Venezuelan waters over the weekend, according to a shipping document seen by Reuters on Monday.

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