Iran has offered India $8 billion worth of infrastructure projects, including a stake in developing the strategic port of Chabahar, the country’s ambassador to New Delhi has said.
The Russian minister of transport has said that Moscow is negotiating with Iran on the supply of Russian passenger planes Sukhoi Superjet 100 to Iran.
The Iranian oil minister has said that the Islamic Republic plans to raise its oil exports after the implementation of the historic deal Iran and P5+1 clinched on July 14.
The contract includes building 590 kilometers of pipeline to the border with Iraq in addition to five gas compressor stations in two years.
The capital market should be as instrumental as the banking system in financing the country's projects, the economy minister said.
India has signed a contract worth $233 million with Iran for exports of rail tracks by companies including Steel Authority of India.
Iran’s Asia exports rose nine percent to more than $5 billion in the two months to May 21.
Iran’s President Hassan Rouhani is in Russia to participate in two major summits of BRICS and the Shanghai Cooperation Organization (SCO).
Iran and Tajikistan have inked a deal to complete the Anzob tunnel, which connects the Tajik capital to the country's second largest city Khujand and is a transit route between Dushanbe and Tashkent.
An increase in OPEC output, a hike in the number of American oil rigs and Iran's likely production increase contribute to the decline in oil prices.