Saturday, March 2, 2024

Business

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.

Iranian speaker: BRICS’ equivalent of SWIFT can replace US-owned money transfer system 

Iran’s Parliament Speaker Mohammad Bagher Ghalibaf says BRICS has its own money transfer system which can replace US-owned SWIFT.  

Iran inaugurates power plant for industries in Isfahan’s Mobarakeh

Iranian President Ebrahim Raisi inaugurated a combined cycle power plant earlier on Friday in Isfahan’s Mobarakeh Steel Company as part of a larger plan to help industries generate the power they need and remove obstacles for production.

Iran, Pakistan agree to streamline border operations at Mirjaveh crossing

Iran and Pakistan have struck a deal to facilitate road transportation and border operations to ensure timely clearance of goods in order to increase the daily traffic movements through the shared Mirjaveh-Taftan border crossing at least four-fold.

Iran starts using newly-unblocked assets in Qatar

Tehran and Doha have agreed a mechanism that allows Iran to tap into funds recently unfrozen and deposited into bank accounts in Qatar as part of an agreement with the United States.

Iranian expert calls for resolving FATF-related concerns

An Iranian foreign policy expert says before pursuing India-Europe trade routes, Iran should resolve the issue of sanctions and addressing the FATF (Financial Action Task Force) concerns.

Iran Resumes flights to Azerbaijan and Armenia following peace agreement

The spokesperson for Iran's Civil Aviation Organization confirmed that flights between Iran and the Republic of Azerbaijan as well as Armenia have recommenced.

Persian Gulf Star Oil Company’s refining capacity rises to 455,000 barrels

Iran’s Persian Gulf Star Oil Company (PGSOC) in the southern Iranian port city of Bandar Abbas has increased its refining capacity from 36 thousand barrels at inauguration over six years ago to 455 thousand barrels, the company’s director said on Wednesday.

Saudi envoy calls for boosting petrochemical ties with Iran

The newly-appointed Saudi ambassador to Iran says the kingdom eyes expansion of petrochemical cooperation with Iran, according to the Iranian Oil Ministry.

Qatar confirms $6 bln in unblocked Iranian assets transferred to Doha

Qatar has confirmed that unfrozen Iranian funds worth $6 billion have been transferred to bank accounts in Doha, a source briefed on details of the matter told Reuters on Monday.

Iran stands firm on Arash gas field share in Persian Gulf

Iran’s oil minister, Mohammad Javad Owji reaffirmed Tehran’s commitment to its share in the Arash gas field in the Persian Gulf, vowing not to exceed the agreed-upon production levels.

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