Secretary General of the Petrochemical Industry Employers Association Ahmad Mahdavi Abhari has predicted the petrochemical sector would inject some $15b into the Forex Management Integrated System (locally known as NIMA) and the sector would have $17b of exports by the yearend.

A big trade delegation from Russia yesterday at Tehran’s Espinas Palace Hotel met their Iranian partners to discuss ways to develop yrade ties between the two countries.

A member of board of directors of Association of Home Appliance Manufacturers of Iran says during the recent years and with support of Ministry of Trade, Mine and Trade, production of home appliance has increased from 8m to 16m sets.

Undersecretary for Commerce and Industry at the Ministry of Commerce, Industry and Investment Promotion of Oman Mr.  Saleh bin Said Masan in meeting with Head of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) Gholam-Hossein Shafei announced talks between central banks of both countries for finding ways for transfer of forex and financial transactions.

Oil Minister Javad Owji voiced the Iranian Oil Ministry’s all-out support for the completion of the petrochemical value chain.

Igor Yevgenyevich Levitin, aide to the president of the Russian Federation, visited Iran on top of a high-ranking delegation to meet with Iranian Transport and Urban Development Minister Rostam Qasemi and discuss the expansion of transport ties.

The Embassy of Sri Lanka in Tehran, in collaboration with the Sri Lanka Tourism Promotion Bureau and the Association of Air Transport and Tourist Agencies in Iran, organized a Tourism Promotion Programme “Visit to the Amazing Sri Lanka during the NOWRUZ Season-2023 (Persian New Year)” in its Chancery premises on 07th November 2022. Objectives of the event were to create awareness on Sri Lanka as a potential tourist destination among Iran travelers and encourage all tourism stakeholders in Iran to facilitate the Iranian tourists to visit Sri Lanka during their Persian New Year.

The head of Iran’s Planning and Budget Organization (PBO) has said 40 percent of the oil revenues earned in the current Iranian calendar year (started on March 21) will be injected into the country’s National Development Fund (NDF).

Iranian Oil Minister Javad Oji has said 13 petrochemical industry parks are going to be constructed in the country which will create job opportunities for over 20,000 people, Shana reported.

Chairman of the Iran-Japan Joint Trade Committee says without any doubt reforming relations with Japan will help the trade ties between the two countries to broaden but at the current condition, there is no chance for direct import of cars from Japan.