Business

Iran’s oil and economy ministers held talks with their Russian counterparts in Moscow, exchanging views on bilateral relations.

The Iranian ambassador to Tajikistan said his country’s sixth exclusive exhibition in Tajikistan would be a desirable opportunity for the economic development.

The decision to eliminate the government currency has garnered mixed reactions in Iran.

Iran joined the countries exporting energy services to Europe for the first time by signing a memorandum of understanding (MoU) with Romania.

The Iranian Roads and Urban Development’s report on nine-month rail transit indicates that the sector has recorded the highest increase over the past 10 years.

The Central Bank of Iran (CBI) governor on Sunday said the country’s point-to-point inflation has witnessed a downward trend during the four months to late Dec.,

A delegation of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is scheduled to head to Iraq Sunday.

Iranian Foreign Minister Hossein Amir Abdollahian says the 25-year strategic cooperation agreement with China, which was officially launched during his recent visit to Beijing, serves the interests of both nations.

Iranian Finance and Economic Affairs Minister Ehsan Khandouzi on Saturday announced that the country’s economic contracts with China will be finalized soon.

The head of Iran’s National Petrochemical Company (NPC) says the country’s petrochemical production capacity will rise to 100 million tons annually by the end of next Iranian calendar year (March 20, 2023).

Iranian Oil Minister Javad Owji on Saturday said Tehran and Moscow have held talks on bilateral cooperation in different areas of the economic sector, promising good news on the two countries’ cooperation in the energy sector.

An Iranian official says the fuel smuggled from Iran to the United Arab Emirates is used for bunkering vessels, earning the Arab state more than $20 billion per year.

The Syrian economy minister says he recently exchanged views with Iran’s minister of roads and urban development on ways to operationalize the long-term strategic economic cooperation deal inked in 2019.

The Islamic Republic of Iran Customs Administration (IRICA) predicted the country’s annual non-oil exports would amount to $46 billion in about two months.

Iran has officially launched its first-ever specialized refinery designed to process super heavy crude oil on the southern Qeshm Island, as the country keeps promoting its energy sector regardless of tough US sanctions.

Despite widespread criticism, Abdolali Ali-Asgari has denied media reports on his resignation as the managing director of a giant Iranian petrochemical company.

Iran’s roads and urban development minister on Thursday said Tehran and Damascus reached an agreement to establish a joint free zone.

Iran’s trade with its 15 neighboring states in the first nine months of the Iranian calendar year (starting March 21, 2021) witnessed a 42 percent growth in terms of value in comparison with the figure of its corresponding period in the previous year, said the head of the Islamic Republic of Iran Customs Administration (IRICA) on Thursday.

The head of Iran-Syria Joint Chamber of Commerce on Wednesday announced a 90 percent growth in Iran’s exports to Syria during the nine months to December 2021.

The first phase of Minab-Sirik-Jask pipeline in southern Iran carrying the country’s gas to Oman has made significant progress.

China's imports of crude oil from Iran last year hit a record high since the US re-imposed sanctions on Tehran in 2018 with the aim of bringing the country's oil sales down to zero, Bloomberg reported.

Abdulali Ali-Asgari, former head of the IRIB, has been appointed as new director general of Iran's Persian Gulf Petrochemical Industries Corporation.

Iran’s police say they have identified the location of the former President of its Bank Melli, who is the main suspect in a major embezzlement scandal, but officials of the country, where he is a resident now, have openly turned down requests for his extradition.

The CEO of the National Iranian Oil Company, NIOC, has said in the thirteenth government, Iran regained part of the oil market share it lost due to sanctions and it is now getting paid for any amount of crude that it sells. Mohsen Khojasteh Mehr added that part of Iran’s oil sales is done by the private sector and that the country’s oil revenues have increased significantly in recent months. He also said all the revenues from the sale of Iranian oil have been received and there are no overdue oil revenues in the 13th government.

The Iranian parliament has approved the generalities of the budget for the next Iranian calendar year that begins on March 21. The lawmakers voted for the generalities of the budget bill with 174 votes in favor, 76 against and 6 abstentions.