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.

Iranian Transport and Urban Development Minister Rostam Qasemi has traveled to Syria to discuss expansion of economic cooperation and trade ties between the two countries, the portal of the Transport and Urban Development Ministry reported.

Roads and Urban Development Minister Rostam Ghasemi says Iran is determined to expand its trade ties with Syria.

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.

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.

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.

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 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.

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.