Plans Devised for INSTC Eastern Route
Iran, Russia, Kazakhstan, and Turkmenistan have signed a roadmap on synchronically developing the potential of the eastern route of the International North-South Transport Corridor (INSTC) for 2024-2025.
Iran Produced 3.24 Million bpd of Oil in June 2024, Report Says
Iran produced 3.240 million barrels of oil per day (bpd) in June 2024, according to EIA.
Iran’s Non-Oil Exports Up 7% in Three Months
Iran’s export of non-oil goods in the first three months of the current Iranian calendar (started March 21, 2024) reached $13.5 billion, registering a 7.1 percent growth compared to the same period last year.
Chinese Cargo Train to Enter Iran from Turkmenistan: Envoy
A Chinese transit train will enter Iran from Incheh Borun Crossing after crossing Kazakhstan and Turkmenistan, the Iranian ambassador to China said.
Iran’s Crude Oil Price Rises in H1 2024: OPEC
Iran’s average crude oil price increased by $4.76 per barrel in the first half of 2024 compared to the same period last year, according to the Organization of Petroleum Exporting Countries’ (OPEC) latest report.
Tehran-Moscow Currency Swap Agreement ‘A Success in De-Dollarization’: Speaker
The Iran-Russia currency swap agreement has become an example of effective cooperation on the path to de-dollarization, Iranian parliament speaker said at the plenary meeting of the 10th BRICS Parliamentary Forum in Russia's St. Petersburg.
Iran Urges Boost to Intra-BRICS Trade
The Iranian Parliament speaker called for replacements for US dollar-denominated trade to counter unilateralism, urging the BRICS member states to facilitate the establishment of new financial transaction procedures to promote trade.
Iran Exports 1st Cargo from Caspian Port to Target Markets
The first cargo using sea-rail mixed transport has been exported from Caspian Port to the Caspian Sea littoral states, the Islamic Republic of Iran Shipping Lines Group reported.
Iran’s Non-Oil Exports to Afghanistan Rise by $123 Million in 3 Months
Iran’s commercial attaché to Afghanistan said there was a $123 million rise in non-oil exports to the neighboring country in the first three months of the current Iranian calendar year.
Iran’s Non-Oil Exports to Iraq Up 27% in Three Months
Iran’s special trade envoy to Iraq said the export of non-oil goods to the neighboring country in the first three months of the current Iranian calendar year (started March 21, 2024) reached about $3 billion, showing a 27% hike compared to the same period last year.