Sunday, January 16, 2022



Ministry: Iran’s rail transit highest in 10 years

The Iranian Roads and Urban Development’s report on nine-month rail transit indicates that the sector has recorded the highest increase over the past 10 years.

Central Bank Chief: Iran inflation down 17%, economic growth likely 8%

The Central Bank of Iran (CBI) governor on Sunday said the country’s point-to-point inflation has witnessed a downward trend during the four months to late Dec.,

Iranian delegation to visit Iraq to boost trade ties

A delegation of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is scheduled to head to Iraq Sunday.

Iran FM: 25-year agreement with China a win-win deal

Iranian Foreign Minister Hossein Amir Abdollahian says the 25-year strategic cooperation agreement with China, which was officially launched during his recent visit to Beijing, serves the interests of both nations.

Iran minister: Economic deals with China to be finalized soon

Iranian Finance and Economic Affairs Minister Ehsan Khandouzi on Saturday announced that the country’s economic contracts with China will be finalized soon.

Iran annual petrochemical production capacity to hit 100m tons

The head of Iran’s National Petrochemical Company (NPC) says the country’s petrochemical production capacity will rise to 100 million tons annually by the end of next Iranian calendar year (March 20, 2023).

Oil minister promises good news on Iran-Russia energy cooperation

Iranian Oil Minister Javad Owji on Saturday said Tehran and Moscow have held talks on bilateral cooperation in different areas of the economic sector, promising good news on the two countries’ cooperation in the energy sector.

Official: Smuggled Iran fuel fetches UAE over $20bn annually

An Iranian official says the fuel smuggled from Iran to the United Arab Emirates is used for bunkering vessels, earning the Arab state more than $20 billion per year.

‘Iran, Syria discussed activating strategic economic cooperation deal’

The Syrian economy minister says he recently exchanged views with Iran’s minister of roads and urban development on ways to operationalize the long-term strategic economic cooperation deal inked in 2019.

Iran’s annual non-oil exports expected to touch $46bn

The Islamic Republic of Iran Customs Administration (IRICA) predicted the country’s annual non-oil exports would amount to $46 billion in about two months.

Iran opens first extra heavy crude oil refinery on key Qeshm Island

Iran has officially launched its first-ever specialized refinery designed to process super heavy crude oil on the southern Qeshm Island, as the country keeps promoting its energy sector regardless of tough US sanctions.

Ali-Asgari dismisses resignation from Persian Gulf holding as ‘fake’

Despite widespread criticism, Abdolali Ali-Asgari has denied media reports on his resignation as the managing director of a giant Iranian petrochemical company.

Minister: Iran, Syria to establish joint free zone

Iran’s roads and urban development minister on Thursday said Tehran and Damascus reached an agreement to establish a joint free zone.

Iran’s nine-month trade with neighbors tops $36.8bn, up 42%

Iran’s trade with its 15 neighboring states in the first nine months of the Iranian calendar year (starting March 21, 2021) witnessed a 42 percent growth in terms of value in comparison with the figure of its corresponding period in the previous year, said the head of the Islamic Republic of Iran Customs Administration (IRICA) on Thursday.

Iran’s nine-month exports to Syria up 90%

The head of Iran-Syria Joint Chamber of Commerce on Wednesday announced a 90 percent growth in Iran’s exports to Syria during the nine months to December 2021.

Iran-Oman gas pipeline project makes considerable progress

The first phase of Minab-Sirik-Jask pipeline in southern Iran carrying the country’s gas to Oman has made significant progress.

China’s Iran oil imports hit record high despite US bans

China's imports of crude oil from Iran last year hit a record high since the US re-imposed sanctions on Tehran in 2018 with the aim of bringing the country's oil sales down to zero, Bloomberg reported.

Appointment of Iran petrochemical giant’s chief triggers criticism

Abdulali Ali-Asgari, former head of the IRIB, has been appointed as new director general of Iran's Persian Gulf Petrochemical Industries Corporation.

Iran police: Canada refuses to extradite ex-Bank Melli president

Iran’s police say they have identified the location of the former President of its Bank Melli, who is the main suspect in a major embezzlement scandal, but officials of the country, where he is a resident now, have openly turned down requests for his extradition.

NIOC: Iran has regained part of oil market share

The CEO of the National Iranian Oil Company, NIOC, has said in the thirteenth government, Iran regained part of the oil market share it lost due to sanctions and it is now getting paid for any amount of crude that it sells. Mohsen Khojasteh Mehr added that part of Iran’s oil sales is done by the private sector and that the country’s oil revenues have increased significantly in recent months. He also said all the revenues from the sale of Iranian oil have been received and there are no overdue oil revenues in the 13th government.

Iran parliament approves generalities of next year’s budget bill

The Iranian parliament has approved the generalities of the budget for the next Iranian calendar year that begins on March 21. The lawmakers voted for the generalities of the budget bill with 174 votes in favor, 76 against and 6 abstentions.

Iran slams Wall Street Journal’s hostile article

Permanent Mission of the Islamic Republic of Iran to the United Nations has reacted to an article published by the Wall Street Journal which argues in favor of American military strikes against Iranian nuclear facilities.

Iran govt. berates MPs for “being irresponsible” toward national economy

An Iranian state-run newspaper has accused Parliament of not caring enough about the country’s economy.

Bagheri: South Korea obliged to release Iran’s assets

Iran's Deputy Foreign Minister Ali Bagheri Kani has stressed that regardless of the outcome of the talks between Tehran and P4+1 group in Vienna, the South Korean government is obliged to release blocked Iranian money

Iranian taxi apps down

Iranian Taxi apps Snapp and Tapsi are down due to unknown reason.

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