Thursday, March 28, 2024

Business

Official: Iran’s non-oil exports hit $36bn

Iran’s non-oil exports have reached $36bn over the past nine months.

Iran: Natural gas exports to Iraq underway as planned

Iran says exports of natural gas to neighboring Iraq continue as planned, denying reports of a halt in the process.

Official: Iran, Russia left SWIFT system

Tehran and Moscow have officially switched from the West’s SWIFT financial clearing system to a direct interbank transfer mechanism, the deputy head of the Central Bank of Iran (CBI) has stated.

Global oil prices may double: Report

Global prices for crude oil will double if disruptions triggered by Yemen’s Houthis also affect the Strait of Hormuz, Daan Struyven, Goldman Sachs’ head of oil research, has told CNBC in an interview.

Iran launches 1st cryogenic loading arm, highlights petrochemical industry’s path to self-sufficiency

Deputy  Iranian Minister of Oil and CEO of Iran's National Petrochemical Industry Company, Morteza Shahmirzaei, marked a milestone on Monday at Asalouyeh Port, along the Persian Gulf, where Berth No. 17 Phase 2 witnessed the inauguration of Iran's first locally crafted cryogenic loading arm.

Gas stations in Iran back online after cyberattack

Almost all gas stations in Iran are operational a day after about 70 percent of the pumps were hit in a cyberattack, the Iranian deputy oil minister said Tuesday.

Iran oil minister: Gas stations hit in cyberattack

Iran’s Oil Minister confirmed that about two thirds of the gas stations across the country were disrupted after they were targeted in a cyberattack on Monday.

Official: Gas stations disrupted in Iran, technical glitch will be tackled soon

A technical error has knocked fuel rationing system in Iran off course, the head of the Gas Stations Union confirmed, adding offline fueling system at non-subsidiary prices has not been affected.

Sour tea harvest season in southern Iran

The harvest of sour tea started early November in the southern Iranian city of Karun and will continue until the end of December.

Iranian trade firm embroiled in $3bn fraud case on tea imports, said to be the largest embezzlement case

Probes by the General Inspection Organization of Iran indicate that “a certain company” that had received billions of dollars to import tea and machinery, sold the forex on free market at a higher exchange rate, marking “the largest fraud” in the country.

Minister: Iran to increase oil production to 3.6mn barrels per day in months

Iran’s oil minister says the country is planning on increasing its crude production to 3.6 million barrels per day by the end of the current Iranian year, on March 20, 2024, and aims to hit the 4 million mark next year.

China says to boost global economy in cooperation with Iran

China’s ambassador to Iran says his country will contribute more heavily to the improvement of global economy through cooperation with Iran.

Iranian min. says Tehran determined to give neighbors access to open seas

Iran’s minister of roads and urban development says Tehran has provided special facilities to give neighbors access to open seas.

Minister: Iran must enjoy its share of Hirmand River water

Iran’s minister of energy has said the country must enjoy its right to the water of Hirmand River on the border with Afghanistan.

Iranian, Afghan officials stress on expansion of trade ties

Iran and its eastern neighbor Afghanistan say trade relations between the two countries have to expand.

Former president Rouhani denies claiming credit for inauguration of airport in Kurdistan

Former Iranian president Hassan Rouhani has denied a claim by Minister of Roads Mehrdad Bazrpash that he had claimed credit for the inauguration of an airport in the northwestern city of Saqez during his tenure.

Transport corridor protocol linking China to Europe via Iran sealed in historic deal

The 12th Minister of Transport meeting of the Economic Cooperation Organization (ECO) convened in Tashkent, Uzbekistan, culminating in the historic signing of the transport corridor protocol connecting China to Europe via Uzbekistan, Turkmenistan, Iran, and Turkey.

Tehran mayor refutes accusations China transportation deal will ‘undermine’ domestic production

The mayor of the Iranian capital has rejected criticisms that his recent visit to China meant to strike a deal with Beijing to help overhaul Tehran’s transportation system is a ‘stab in the back’ of indigenous production and technology.

Iran, Russia invest $38bn on North-South Corridor 

Iran and Russia have so far invested 38 billion dollars to boost shipping lines for the North-South transport corridor which links Asia to Europe. 

Official: Iran kick-starts construction of Karoun nuclear power plant

Iran has started to build the Karoun nuclear power plant in the southwestern province of Khuzestan, the head of the Atomic Energy Organization of Iran (AEOI) says.

Iran rejects US media reports over unblocked assets in Qatar

Nour News, which is affiliated to Iran's Supreme National Security Council, has rejected a US media report that Tehran had been barred from accessing its $6 billion funds recently unfrozen and transferred to Qatari banks.

Putin says Iran discussing gas supplies with Russia

Tehran is discussing the possibility of Russian gas supplies with Moscow, Russian President Vladimir Putin has said at the plenary session of the Russian Energy Week.

Iranian Chamber of Commerce ready to set up joint chamber with Saudi Arabia 

The head of Iran’s Chamber of Commerce tells the Iranian consulate general in Jeddah that Tehran is ready to participate in the infrastructure projects of Saudi Arabia such as ports, railways and roads.

Bombing threat forces Iranian airliner to land in Hamburg, Germany

The CEO of Iran's national flagship Iran Air says an unknown person sent an email to the German police, claiming that a bomb had been planted on a flight heading to Hambrug from Tehran.

Official: Iran’s non-oil exports hit 54.6 billion dollars

The head of the Customs Organization of Iran says the country’s non-oil exports hit 54.6 billion dollars in the first half of the Persian year of 1402, starting on March 21, 2023.

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