Wednesday, 19 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.

NPC considers maximized involvement of domestic firms 18 Sep 2019

NPC considers maximized involvement of domestic firms

The National Petrochemical Company (NPC) is seeking to ensure the maximized involvement of domestic manufacturers and contractors in petrochemical projects, the NPC CEO said.

European banks ready to join INSTEX: chief 18 Sep 2019

European banks ready to join INSTEX: chief

A number of European banks and firms have expressed readiness to engage in Europe’s proposed financial channel, called INSTEX, which is aimed at helping Iran circumvent the US’ sanctions in its foreign trades, the new INSTEX president said on Tuesday.

Imports shrink 7% in five months 17 Sep 2019
TCCIMA chairman:

Imports shrink 7% in five months

Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said on Tue. that imports of products dropped seven percent in the country in the first five months of the current year (March 21 – August 21) as compared to the same period last year.

China Establishes $400bln Credit Line for Trade with Iran 17 Sep 2019

China Establishes $400bln Credit Line for Trade with Iran

A $400 billion credit line has been launched for trade between Iran and China, an Iranian official announced.

Iran’s steel ingot output hits over 8.5mn tons in five months 17 Sep 2019

Iran’s steel ingot output hits over 8.5mn tons in five months

About 8,539,776 tons of steel ingot were manufactured by major steel production plants in Iran in the first five months of the current year (March 21 – August 21), showing a four percent hike as compared to the same period last year.

Iran’s petchem industry needs $40bn for significant growth 17 Sep 2019

Iran’s petchem industry needs $40bn for significant growth

Deputy Minister of Oil for Petrochemical Affairs Behzad Mohammadi said that Iran’s petrochemical industry needs $40 billion for materializing most of its objectives in relevant fields.

Iran, Turkey investigating trade via national currencies: CBI gov. 17 Sep 2019

Iran, Turkey investigating trade via national currencies: CBI gov.

Governor of the Central Bank of Iran (CBI) said on Monday that during the meeting held between Presidents of Iran and Turkey on the same day in Ankara, the two sides focused on expansion of trade and banking ties besides doing monetary transactions via Rial or Lira.

IRENEX to hold 15th round of offering light crude oil on Tuesday 16 Sep 2019

IRENEX to hold 15th round of offering light crude oil on Tuesday

National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at the international ring of Iran Energy Exchange (IRENEX) on Tuesday, IRNA reported.

Iran’s leading petchem plant improves ICIS ranking despite sanctions 16 Sep 2019

Iran’s leading petchem plant improves ICIS ranking despite sanctions

The ICIS has ranked Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) 35th in ICIS Top 100 Chemical Companies for 2019.

Iran oil industry developing despite sanctions: official 16 Sep 2019

Iran oil industry developing despite sanctions: official

A senior Iranian oil official said that the industry is developing in the country despite the US’ economic sanctions.