The CEO of National Petrochemical Company (NPC) says the average speed of development of petrochemical industry is doubled in every 20 years in the world but Iran wants to double it in 12 years and to produce 200m tons of products per year due to the efforts of domestic experts and blessing of the sanctions.

Abbas Khatibi, Deputy Head of Construction and Development of Transportation Infrastructure Company, affiliated with the Ministry of Roads and Urban Development, says Azerbaijan has withdrawn financing the Astara-Rasht railway and now Iran seeks getting financial sources from Russians.

Visiting Deputy Prime Minister, Minister of Trade and Integration of Kazakhstan Serik Zhumangarin on Tuesday met with Iran’s Agriculture Minister Seyed Javad Sadatinejad and during the meeting both sides called for enhancing bilateral trade and increasing it to $3b.

Chairman of Iran-China Joint Chamber of Commerce Majid Reza Hariri says 92% of Iran’s exports which are exported to China are oil products that that the government sector pursues it and the remaining 8% is carried out by the private sector and they are goods like carpet, dried fruits, saffron and handicrafts.

Trade between Iran and the Economic Cooperation Organization’s member states exceeded 10.67 million tons during the current fiscal year’s first six months.

The value of Iran’s exports to neighboring Turkey increased by 43 percent to reach $2.6 billion in the first nine months of 2022, according to the figures recently released by the Turkish Statistical Institute.

President of Federation of Pakistan Chambers of Commerce & Industry(FPCCI) Irfan Iqbal Sheikh welcomed Iranian Ambassador to Pakistan at the Federation House and the President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA); accompanied by chamber officials, diplomats and prominent business personalities.

Head of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) Gholam-Hossein Shafei expressed his satisfaction that soon the free trade between Iran and Pakistan will be finalized and said that setting up a joint arbitration committee between the two countries is important as chambers of commerce of both countries have reached agreement.

Iranian Oil Minister Javad Oji has said sanctioning the owners of the world’s biggest gas reserves will have devastating consequences for the environment, stressing that the global energy market should be depoliticized, Shana reported.

Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) on Monday hosted a gathering of Iranian and Belarusian businessmen and officials in which the two sides discussed challenges and ways of expanding economic cooperation.