Finance

The chairman of the Iran-South Korea Joint Chamber of Commerce says Seoul has not released frozen Iranian assets despite reports alleging it has done so.

Iran has been earning an average of around $1.3 billion per month in oil revenues despite sanctions imposed by the United States, a report shows.

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.

Iran’s gas and oil exports to Afghanistan will resume from next week. That’s according to the director of the Iran-Afghanistan Joint Chamber.

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.

Iran and Uzbekistan are to hold their second meeting on trade and technology in a bid to boost mutual interactions in those areas. Vice President for Science and Technology Sorena Sattari is to travel to Uzbekistan on November 22 heading a trade-technology delegation in a bid to lay the groundwork for closer technological cooperation between the two sides.

Iran’s minister of industry, mines and trade says plans are in the offing to increase Tehran-Islamabad trade to $5 billion in two years’ time.

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.