Trade volume between Russia and Iran has increased 12 percent in terms of weight and 41 percent in terms of value in the first nine months of this Iranian calendar year (March 21, 2021 to December 21, 2021), according to an Iranian official.

Transit of goods through Iran’s railway network rose over 200 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2021) to register the highest year-on-year increase over the past 10 years, IRIB reported.

Secretary of Cement Industry Employers Association says the country haس exported 3.2m tons of cement in the first three quarters of the current year which shows 12% decline comparing to the same period last year.

In 2021, Iran saw its exports of fruit and vegetables fall by 6 per cent on the back of a sharp decline in sales to the likes of Iraq, Russia, China and Afghanistan.

The Advisor to President and Secretary of the Supreme Council of Free and Special Economic Zones says the UAE earns some $20b annually for bunker fuel and in fact offering services to the ships and vessels in the Persian Gulf which move towards Fujairah Port and unfortunately major part of the bunk fuel of the UAE is provided by the ships which smuggle fuel from Iran to Fujairah.

Oil Minister Javad Owji has predicted that there will be good news related to cooperation with Russia in the energy sector as the Islamic Republic pursues a policy of neutralizing illegal U.S. sanctions through enhancing ties with friendly countries.

Iranian Finance and Economic Affairs Minister Ehsan Khandouzi has said the 25-year comprehensive cooperation agreement between Iran and China is going to be realized through a series of executive deals which the two countries are going to start signing in the coming months.Iranian Finance and Economic Affairs Minister Ehsan Khandouzi has said the 25-year comprehensive cooperation agreement between Iran and China is going to be realized through a series of executive deals which the two countries are going to start signing in the coming months.

Iran and Syria have reached primary agreements for the establishment of a joint free zone and a joint bank, Iranian Transport and Urban Development Minister Rostam Qasemi announced.

Iran’s business transaction with 15 neighboring countries in the last nine months has increased year-on-year (YOY) 18 percent in weight and 42 percent in value, Head of the Islamic Republic of Iran Customs Administration (IRICA) said on Thursday.

President Ebrahim Raisi officially inaugurated a first super heavy oil refinery in Iran on Friday as the country moves ahead with plans to develop its massive petroleum sector despite sanctions imposed by the United States.