All News about Iranian Economy – Looking at Iran’s economy on a macro scale, including the big decisions and policies that would shape the markets today and tomorrow.
Iranian President Seyyed Ebrahim Raeisi in a meeting with a group of economists reviewed possible ways and options to try to resolve the economic woes of the nation.
The vice chairman of the Iranian Parliament’s Planning and Budget Commission has said Iran’s foreign exchange revenues for the last 7 months have been equal to the total of the last year.
Iran has become the world’s third-largest producer of natural gas after the United States and Russia despite the harsh US sanctions. Iran has grown steadily over the past two decades in natural gas production, according to the US Energy Information Administration.
An Iranian customs official says the country has exported goods to 142 nations, having had imports from 110 countries in the last seven months. The transactions were carried out while the Islamic Republic is under the toughest ever US sanctions.
Iran’s Intelligence Ministry says more than 150 leaders of a pyramid company calling itself Unique Finance have been arrested in 19 provinces across the country for financial wrongdoings.
Iranian Vice President for Scientific Affairs Sorena Sattari on Friday announced the country will soon unveil more technological and scientific achievements in the near future among them electric cars. Sattari added that people will see that the cars are beautiful.
Iranian oil sales to China have reportedly soared in recent months. This as the administration of US President Joe Biden says they intend to talk to Beijing over the issue.
The spokesperson for the National Iranian Oil Products Distribution Company has said refueling has returned to normal at all gas stations across Iran following days of disruption due to a cyberattack attack.
Iran’s Customs Office says the country’s exports from the southern port city of Chabahar increased nearly 100% since March 21, 2021 compared with the same period in 2019.
Iran’s ambassador to India says Tehran expects New Delhi to resume oil purchases from Iran. He added Iran’s Foreign Minister Hossein Amir Abdollahian plans to visit India later this month.
The National Iranian Oil Company (NIOC) will focus on developing oilfields near the Iraqi border. Tehran needs $11 billion to develop four oilfields which will add some 1 million barrels per day to the country’s total crude output.
Iran’s National Union of Beekeepers says the decision by the Ministry of Agriculture Jihad, in the previous administration, to remove regulatory standards for production of honey led to a halt in the exports of the Iranian product.
An Iranian international affairs analyst has called for a return to the talks for the revival of the nuclear deal, saying “whether we get our desired result or not, we should know that sanctions will not be removed without negotiations.”
The CEO of South Pars Gas Complex Company says investments made in South Pars are close to $80 billion. Hadi Hashemzadeh Farhang said all the investments, done amid US sanctions, have been turned into assets for the National Iranian Gas Company and the necessary resources have been provided for the proper maintenance of these facilities.
Kazakhstan’s ambassador to Tehran has described Iran as a powerful economy, saying the Islamic Republic’s membership in the Shanghai Cooperation Organization will be helpful to body’s members and to their trade exchanges and cooperation.
