Friday, 21 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.

Plans Devised for INSTC Eastern Route 21 Jul 2024

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 18 Jul 2024

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 18 Jul 2024

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 17 Jul 2024

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 12 Jul 2024

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 12 Jul 2024

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 12 Jul 2024

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 10 Jul 2024

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 10 Jul 2024

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 09 Jul 2024

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.