Baghdad ready to pay off gas debts to Tehran
Iran and Iraq have reached an agreement on the ways for settling Baghdad’s gas debts to Tehran, Iraqi Electricity Minister Majid Mahdi Hantoush announced after a meeting with Iranian Energy Minister Reza Ardakanian in Tehran on Sunday.
Iran, Turkmenistan Discuss Expansion of Oil Cooperation
Managing Director of Iran’s Khazar Exploration and Production Company (KEPCO) Ali Osouli met with Turkmenistan’s Ambassador to Tehran Ahmad Ghorbanov to discuss expansion of cooperation in the oil industry.
Iran Non-Oil Foreign Trade Hits Record Low in a Decade
President of Institute for Trade Studies and Research (ITSR) says the value of Iran’s non-oil foreign trade has slumped to its lowest level in the past decade as the country needs the removal of sanctions.
Tehran, Baghdad Reach Agreements in Supplying Energy
Iraq’s electricity minister said that Iran and Iraq had reached agreements in supplying energy, electricity, and gas for Iraq.
Iran-EU Trade Drops by 10% in First Two Months
Iran’s trade with European Union (EU) countries has declined by 10 percent in the first two months of 2021 comparing to the same period in 2020 as they traded €704 million worth of goods and commodities during January and February.
Iran Has Frozen Assets in 21 Countries
Iranian-born economic adviser to the European Union Mehrdad Emadi believes Iran’s major deposits and blocked money are in Russia as the country transferred over $31b of its money into the Russian banks and in return it received Russian currency roubles which was a strange move which led to decline of its value by 40 percent.
development projects worth over $619m inaugurated
Iranian President Hassan Rouhani on Thursday inaugurated three water supply projects as well as a dam in three provinces through vide conference, IRNA reported.
Tehran, Ankara Seek Materializing $30b Trade
Head of Iran-Turkey Joint Chamber of Commerce Mehrdad Saadat Dehghan says the condition for holding a permanent fair has been readied as Iran and Turkey are seeking materialization of their $30b trade target.
China Has Given Iran 850,000 Doses of COVID-19
Chairman of Iran-China Chamber of Commerce and Industries says China has given Iran some 850,000 doses of COVID-19 vaccines for free, reiterating that Iran’s Ambassador to Beijing is trying hard to provide more vaccines.
Trader says Iran not worried about billions of dollars held in Iraq
In the past, officials in Baghdad have said there is no easy substitute to imports from Iran because it will take years to adequately build up Iraq’s energy infrastructure.