Saturday, October 1, 2022

Business

Turkmenistan exempts Iran from heavy tariffs on transit of goods

An Iranian official says Turkmenistan has cancelled heavy tariffs for Iranian transit of goods using the country’s borders and territory as of October 1.

Iran’s exports of industrial products up 70%

Iran’s exports of industrial products have increased by 70% during the tenure of Ebrahim Raisi, who took over as Iranian President in August 2022.

Oil minister: Iran can help Japan fulfill energy needs

Iranian Oil Minister Javad Owji says Iran and Japan should work to expand their economic cooperation regardless of the sanctions in place against the Islamic Republic, adding Tehran can play a major role in fulfilling the East Asian state’s energy needs.

Report: Iranian crude, condensate reach Venezuela’s port

Two Iranian tankers have arrived in Venezuela with about 1.22 million barrels of Iranian crude and 2 million barrels of condensate, media reports citing documents from state oil company PDVSA say.

Iran invites Japanese investments in oil industry

Iran’s oil minister says the country is not waiting for the revival of the nuclear deal and is trying to attract foreign investments including those from Japan.

Iran says ready to help Lebanon meet energy needs

Iranian Foreign Minister Hossein Amirabdollahian expresses the country’s readiness to help Lebanon meet its energy needs, as the Arab country grapples with a severe energy crunch.

Iran-China eight-month trade hit $11.16bn

The trade between Iran and China has grown by 19 percent to hit 11.16 billion dollars since the turn of the year compared to the same period the previous year, new official figures from China show.

Iran customs: Exports to Africa increased 40% in 5 months

Iran has experienced a 40-percent increase in its exports to African countries during the first five months of the Iranian year, from March to August, the spokesman for the Iranian customs announced.

Raisi: Iran and Uzbekistan want to expand trade ties

Iran’s President Ebrahim Raisi says his administration’s top priority is to interact with neighbors and regional countries.

Former Iran official: Further delay in JCPOA signing means Iran will lose oil markets

The Iranian oil ministry’s former director of international affairs says further delay in the revival of the 2015 nuclear deal, JCPOA, means Iran will lose oil markets.

Official: Sabotage behind fire at Iranian oil field, production to resume soon

An Iranian oil official says the fire that briefly engulfed the Shadegan oil field in the southern province of Khuzestan was caused by an act of sabotage, and that the site will resume production operations soon.

Police: Road accidents in Tehran leave 600 deaths annually

At least 600 people die and 20 thousand people are injured every year in traffic-related accidents in the Iranian capital Tehran, according to a traffic police official.

Official: Iran-ECO trade up 40 percent

The spokesman of the Islamic Republic of Iran Customs Administration reports a 40-percent rise in the country’s exports of non-oil commodities to members of the Economic Cooperation Organization (ECO) in the first five months of this year, compared to the same period in 2021.

Iran’s new power plant to generate 6,000 MW of electricity by next year

The deputy head of Iran’s thermal electricity company says 6,000 MW will be added to the country's power plant capacity by the summer peak of the next Persian year of 1402.

Iran’s trade with SCO surges by 31%

The spokesman for Iran’s Customs Organization says the country's trade with members of the Shanghai Cooperation Organization in the first five months of the current Iranian year of 1401 was valued at 17 billion dollars.

Poll: 87% of investors have no ‘clear picture’ of Iranian economy’s future

An opinion poll finds that a majority of investors in Iran do not have a “clear” picture of the country’s future, given the economic woes facing the Islamic Republic, saying they are now “walking the razor’s edge.”

Official: Iran’s 5-month trade with neighbors exceeds $20bn

Over 33 tons of goods worth 20.6 billion dollars have been exchanged between Iran and its neighboring counties during the past five months, showing a significant rise compared to same period last year, the spokesperson of Iran’s customs administration says.

Minister voices Iran’s readiness to supply oil and gas to market

Iranian Oil Minister Javad Owji expressed Tehran’s readiness to supply oil and gas to the global market irrespective of politics and help improve energy security in the world.

“Iran has never used its gas and oil as leverage”

A senior advisor to the Iranian negotiating team in Vienna, Mohamamd Marandi, has criticized the Western policy of sanctions vis-à-vis Iran, saying the Islamic Republic has never used its oil and gas as leverage despite that it sits on huge reserves of them.

NIOC: Iran’s daily oil production capacity to top 4 million barrels in months

The head of the National Iranian Oil Company (NIOC) says the country will increase the capacity of daily crude production by 200,000 barrels to reach a total of 4,038,000 by the end of this Persian calendar year.

Former Iranian official: Europe eyes Iran, Venezuela oil, gas

A former official with Iran’s ministry of oil says Europe is pinning its hopes on gas supplies from Iran and Venezuela, both under US-speared sanctions, to replace the Russian gas before the winter.

Iran resumes flights to Najaf as calm returns to Iraq

Iran has resumed its flights to the Iraqi city of Najaf hours after officials announced the reopening of land borders to the country, as calm returns to the Iraqi capital following a wave of deadly violence there.

Iran launches $1bn worth of project at South Pars gas field, in Persian Gulf

Iran’s oil minister says one billion dollars’ worth of projects became operational in the massive South Pars gas field on Monday, adding that another two billion dollars’ worth of projects will be launched in the near future.

Idle phase of Iran South Pars gas field to produce energy after 20 years

Iran’s oil minister says Phase 11 of South Pars gas field in the Persian Gulf which has been idle without any production for 20 years will produce 10 million cubic meters of gas in the winter of this year. 

Iran, Russia to complete Garmsar-Incheh Borun railway

Iran and Russia are set to expedite their cooperation in railway transportation by financing and completing electrification of a vital route in Iran, an official with Iran’s Ministry of Transportation says.

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