Wednesday, 26 March , 2025
  • Iran to Expand Shipping Lines to West and Southwest Africa 17 Mar 2025

    Iran to Expand Shipping Lines to West and Southwest Africa

    TEHRAN - Iran is set to bolster its maritime trade links with West and Southwest Africa, following a decision by the Africa Committee chaired by the First Vice President, according to Mohammadreza Safari, Acting Director General for Africa at Iran’s Trade Promotion Organization (TPO). This move aims to enhance Iran’s economic footprint on the continent, building on existing shipping routes and trade relationships.

Iranians Mark 2016 Capture of Intruding U.S. Ships 13 Jan 2022

Iranians Mark 2016 Capture of Intruding U.S. Ships

Wednesday was  the eighth anniversary of the Islamic Revolution Guards Corps (IRGC) Navy’s capture of two American navy ships in the Persian Gulf, where US Navy sailors were forced to kneel down before Iranian naval forces after trespassing into Iranian territorial waters.

INTA to start collecting vacancy taxes as of Jan. 21 12 Jan 2022

INTA to start collecting vacancy taxes as of Jan. 21

Iran National Tax Administration (INTA) is going to start collecting taxes on vacant houses as of the next Iranian calendar month (begins on January 21), Tasnim reported on Monday, quoting an official with Transport and Urban Development Ministry.

Iron ore pellet production rises 23% in 9 months on year 12 Jan 2022

Iron ore pellet production rises 23% in 9 months on year

Production of iron ore pellet in Iran increased by 23 percent in the first nine months of the current Iranian calendar year (March 21-December 21, 2021), as compared to the same period of time in the past year, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced.

Tehran, Moscow Working on Using Their Local Banks in Trade 12 Jan 2022

Tehran, Moscow Working on Using Their Local Banks in Trade

A member of board of directors of Iran-Russia Joint Chamber of Commerce says it is possible for Iran and Russia to use their local banks and currently the banking relation between Iran and Russia is underway, adding that there are different routes for transfer of money but due to the sanctions he cannot go through its details, reiterating that  but the money transfer is underway and the idea of using local banks is under study and soon both sides will reach agreements either with the JCPOA or without JCPOA.

China’s Imports of Iranian Oil Hit Record Since 2018 12 Jan 2022

China’s Imports of Iranian Oil Hit Record Since 2018

China's imports of Iranian crude oil last year hit a record high since the US imposed sanctions on the Islamic Republic in 2018 with the aim of bringing the country's oil sales down to zero, Bloomberg reports.

Oil, gas condensate output expected to rise 144,000 bpd in next Iranian year 11 Jan 2022

Oil, gas condensate output expected to rise 144,000 bpd in next Iranian year

Considering the new resource allocations for the development of the oil industry in the budget bill for the next Iranian calendar year (starts on March 21), the country’s crude oil and gas condensate production is expected to increase by 144,000 barrels per day (bpd) in the next fiscal year.

Official Denies Shortage of Ship for Exports to India 11 Jan 2022

Official Denies Shortage of Ship for Exports to India

Director of East Hormozgan Maritime and Ports Organization refuted reports that due to lack of ships, exports of agro products have been disrupted and called it a fake and baseless claim.

Iran Opens Five Trade Centers Abroad 11 Jan 2022

Iran Opens Five Trade Centers Abroad

Head of Iran’s Trade Promotion Organization (TPO) says Iran has opened five trade centers abroad to boost its foreign trade, adding that the country intends to increase its commercial attaches to 30.

Tehran, Moscow Ties Evolve Into Strategic Partnership 11 Jan 2022

Tehran, Moscow Ties Evolve Into Strategic Partnership

  Iran in the south and Russia in the north of the Caspian Sea have strategic access to the world's free zones and open seas.

Iran oil revenues increased significantly in recent months: NIOC head 10 Jan 2022

Iran oil revenues increased significantly in recent months: NIOC head

Head of National Iranian Oil Company (NIOC) Mohsen Khojasteh-Mehr has said the country’s oil revenues have increased significantly over the past few months and the country has received the payment for all its crude oil sales since the new government administration, Shana reported on Sunday.