Saturday, June 25, 2022

Business

Iran delivers another oil tanker to Venezuela

Iran has delivered another oil tanker to Venezuela during a ceremony in which the presidents of the two countries participated from Tehran via video conference. The delivery ceremony was held in the Persian Gulf.

Tehran says Iran-Nigeria trade up by 300%

Iranian Trade Minister says the value of bilateral trade between Iran and Nigeria has witnessed a 300% growth over the last 9 months of the past Persian Calendar year (ended on March 20).

Iran sees leap in foreign trade amid US sanctions

Iran foresees a leap in its foreign trade this year without worrying about the effects of the US sanctions which have been a drag...

Iranian MP denies government plans to raise fuel prices

A member of the Iranian parliament’s energy commission has dismissed reports making the rounds on social media about plans to raise fuel prices.

Iran, Qatar ink MoU to form joint trade council

Iran and Qatar signed a memorandum of understanding to form a joint trade council which held its first session in Doha on Monday.

Ministry: Iran selling over one million barrels of oil a day

Iran’s oil ministry says the government has managed to avoid imprest funding from the central bank in the first months of the Iranian calendar year (starting from March 21) for the first time in the past years, thanks to an increase in oil export revenues.

Iran, Afghanistan seek to boost trade ties

An Iranian delegation has traveled to Afghanistan’s eastern Khost Province for talks with Afghan officials to step up trade ties between the two neighboring countries.

Daily to Raisi administration: Prove that you’re efficient

An Iranian daily has taken a swipe at the administration of President Ebrahim Raisi for failing to tackle the spiraling food prices.

Iran, Russia discuss fight against money-laundering

Tehran and Moscow have discussed ways of tackling money laundering amid joint efforts between the two countries to minimize the impacts of foreign sanctions on their banking and financial sectors.

Iran’s non-oil exports rise by 30 percent despite bans

Figures released by Iran’s customs organization show that non-oil exports by the country leaped by 30 percent in the first two months of the Persian year of 1401.

Iran and Azerbaijan sign deal to increase gas swap

Iran and the Republic of Azerbaijan have signed a deal to double the amount of Turkmenistan’s gas that is transferred to Azerbaijan through the Islamic Republic’s territory under a swap deal.

China reports 25% growth in imports from Iran in early months of 2022

China says its imports from Iran rose by 25 percent in the first four months of 2022, compared to the similar period last year, as the two strategic partners speed up economic cooperation.

Iran says capable of meeting large part of global needs for gas

Iranian Oil Minister Javad Oji says the country is capable of meeting a large part of global needs for gas as it sits on one of the largest gas reserves of the world.

Report: Saudi Arabia likely to boost oil production

Saudi Arabia may agree to boost oil production to cool skyrocketing prices if Russia’s output falls significantly under the new EU sanctions, according to a report.

Iran rejects Taliban claim on low-quality gasoline exports

Iran’s Customs Administration has rejected Taliban’s claim that they returned 12 fuel tankers containing low-quality gasoline to Iran.

Iran seizes ship carrying smuggled fuel

The top judiciary office in Iran’s southern province of Hormozgan says a vessel carrying over 106,000 liters of diesel has been seized near the southern Island of Qeshm, for smuggling fuel.

Iran says ready to boost trade with Black Sea region

Iranian Foreign Minister Hossein Amir Abdollahian has expressed hope for the expansion of trade between Iran and the Black Sea region.

‘Value of Iran-Tajikistan trade increased by 463% last year’

An Iranian official says the value of trade with Tajikistan witnessed a 463-percent rise in the past Persian calendar year, expressing hope for a further boost to economic cooperation between the two nations that have many commonalities in different spheres.

Iranian official: 60%+ rise in oil revenues in first two months of this year

A spokesman for the Iranian oil ministry says oil revenues earned by the country have increased by more than 60% in April and May compared to the same period last year.

Iranian companies to enter German market

Iran’s Trade Promotion Organization says Iranian businesspeople have held talks with 75 Germany companies to expand economic ties between the two countries. The organization said the negotiations resulted in the signing of a number of agreements.

Iran, Russia to increase trade volume to 40 billion dollars

Iran’s Oil Minister says annual trade exchanges between the country and Russia will increase 10-fold from the current 4 billion dollars.

“Value of Iran Exports to Oman can be doubled in years”

Forecasts suggest that the value of exports from the Islamic Republic of Iran to the Kingdom of Oman can be at least doubled and at most increased five-fold within 5 years. It is estimated that Iran can raise the value of direct and indirect imports from Oman to $1 billion during that time.

Iran and Russia ink three MoUs on energy and banking

Tehran and Moscow have signed three major memoranda of understanding (MoU) to expand bilateral cooperation in the fields of energy and banking, Iran’s Oil Minister Javad Owji says.

Iranian government authorizes private sector to import wheat

The Iranian government’s economic coordination headquarters has issued necessary licenses to facilitate imports of basic goods, particularly wheat, by the private sector.

Iran says ready to supply Russian auto makers with components

Iran’s Minister of Industry, Trade, and Mine says Iranian manufacturers are ready to supply the Russian auto companies with car components.

Latest news