Saturday, June 25, 2022

Business

Iran, Russia eye further expansion of trade, energy ties

Russian deputy prime minister says trade between Tehran and Moscow boosted by 81 percent last year and added the two sides need to further increase their ties to withstand the geopolitical changes.

Iran, Oman sign MoU on extension of bilateral trade cooperation

Iranian Trade Minister Seyed Reza Fatemi Amin and his Omani counterpart Qais bin Mohammed Al Yousef have signed an agreement in Muscat on Monday.

Iran, Kazakhstan mull improving economic relations

Iran’s Minister of Industry, Mine and Trade Seyed Reza Fatemi-Amin, in a meeting with Deputy Prime Minister and Minister of Trade and Integration of Kazakhstan, Bakhyt Sultanov, described joint ventures as a strategic way to deepen economic relations between the two countries.

Iran seizes smuggled fuel, 5 arrested

The Iranian police have seized more than 418 thousand liters of smuggled fuel in the Persian Gulf.

Iran FM calls for increase in trade ties with Bulgaria

The Iranian foreign minister has called for the increase in trade ties between the Islamic republic and Bulgaria. Hossein Amir Abdollahian, raised the issue in a meeting with Ms. Velislava Petrova, Bulgaria’s Deputy Foreign Minister in Tehran on Sunday.

Govt. rejects reports on fuel prices rise

Iran’s government spokesman has dismissed reports that the president is considering a rise in gasoline prices, after Ebrahim Raisi’s comments on “difficult economic decisions” triggered panic about further economic woes, amid raging inflation.

Iran, Oman agree to revive natural gas export deal

Iran and Oman have agreed to revive a deal for natural gas exports to the latter and jointly develop Hengam natural gas field in the Strait of Hormuz in the Persia Gulf.

Qatar FM: Return of Iran crude to market helps stabilize prices

Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani says the return of Iranian oil to world markets will help stabilize oil prices.

Iran unveils new homegrown transport plane

Iran has unveiled a new domestically-built transport plane dubbed Simorgh in the presence of Defense Minister General Mohammad Reza Ashtiani.

Iran’s president unveils 82 projects

Iranian President Ebrahim Raisi has unveiled 82 industrial, construction and agricultural projects in Iran’s free and special trade zones via video conference.

Iran FM: Energy, transportation major fields for Tehran-Baku expansion of ties

The top Iranian diplomat described the energy and transportation sectors as two major pillars for expansion of economic cooperation between Iran and Azerbaijan Republic.

Iran oil minister: It takes time for Russia to find oil customers amid sanctions

The Iranian oil minister says it will take time for Russia to find customers for its crude given the tough sanctions imposed on its energy sector by the West, despite the discounts that Moscow offers in the sales.

Festival honors traditional cultivation, drinking of tea in Iran’s north

A tea festival has been held in Iran’s northern Caspian-littoral Gilan Province, which is home to the country’s largest tea estates, and where the Iranian tea drinking ritual runs deep.

Russia, China, India after investment in Iranian transit routes as part of INSTC: Deputy min.

Iran’s deputy minister for roads and urban development says Russia, China, and India have sought investment opportunities in an Iranian transit network that, once completed, would be part of the International North-South Transport Corridor (INSTC).

Saudi Arabia’s energy minister invites Iran to talks over joint Arash gas field

Saudi Arabia’s energy minister says Riyadh has officially invited Tehran to talks over the joint Arash gas field in the Persian Gulf.

Iranian official: Tehran mulling over gas exports to Europe

An Iranian oil ministry official says the country is mulling over gas exports to Europe, which is facing an energy crisis due to the Ukraine war.

Iran blocks over 9,000 bank accounts with illegal foreign currency transactions

Iran’s Intelligence Ministry says it has recently blocked more than 9,000 bank accounts suspected of involvement in unlawful transactions of foreign currency and cryptocurrency.

Business activist: Russia taking over Iran’s share of Chinese oil market

The head of a major Iranian energy union warns that Russia appears to be taking over Iran’s share of the Chinese oil market, saying that Tehran should, in return, try to take the place of Moscow in the European market to prevent a decline in its crude sales.

CBI chief reports rise in Iran’s foreign currency revenues

The governor of the Central Bank of Iran (CBI) says the country has witnessed a rise in its foreign currency income over the past months and has thus no problem with allocating foreign currency to the provision of essential goods.

Iran officially invites Kuwait for renewed talks on disputed gas field: Envoy

Iran’s Ambassador to Kuwait says Tehran has officially invited the Arab neighbor to resume negotiations on the dispute over the joint Arash natural gas field in the Persian Gulf.

Qatari emir’s visit to Iran to herald better future for economic ties: Official

An Iranian official says Qatari Emir Tamim bin Hamad Al Thani’s upcoming visit to Iran will be the start of better economic relations between Tehran and Doha.

French envoy says trade between Iran, Europe standing at $6.5 billion

The French ambassador to Tehran says volume of trade between the European Union and Iran reached 5 billion euros last year. Philippe Thiebaud said this figure is considerable.

Iran inks eight cooperation agreements with Venezuela and Nicaragua

Iranian Oil Minister Javad Owji signed eight major cooperation agreements with Venezuela and Nicaragua during his recent Latin America tour, according to a report published by the local media.

Prices of some essential items soaring in Iran as govt. eliminates flour subsidy

Iranians have, in recent days, witnessed a steep hike in prices of essential items, mainly wheat-based food, in the aftermath of a government decision to eliminate the subsidy for industrial use of flour.

‘Iran’s daily production at South Pars gas field to reach 14 mcm by year end’

An official with the National Iranian Oil Company (NIOC) says the gas production capacity at Phase 11 of South Pars, a major natural-gas condensate field in the Persian Gulf, will reach 14 million cubic meters (mcm) per day by the end of this Persian calendar year.

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