TEHRAN (Iran News) – Iran’s South Pars daily gas production will reach one billion cubic meters (bcm) by March 2020, which would be a miraculous achievement at a time when the country is under severe unilateral sanctions imposed by the US, said an Iranian MP. In May 2018, President Donald Trump pulled the US out […]

TEHRAN (Iran News) – Saudi Arabia and Russia won backing for further OPEC production cuts on Friday as they look to head off global oversupply in 2020 and sustain prices. The group of more than 20 producers agreed to an extra 500,000 barrels per day (bpd) in cuts for the first quarter of 2020, taking […]

Oil price decreased on Friday as a meeting between OPEC and its allies later in the day is expected on a formal agreement to more output curbs in early 2020.

Iran has adopted special measures to continue support for its saffron farmers, Iranian Deputy Minister of Agricultural Jihad Hossein Shirzad said.

TEHRAN (Iran News) – Over 3.5 million tons of agricultural products shapes Iran’s export to the neighboring states and other countries in the first 7 months of the current Iranian year (started on March 21), a senior official said. Iranian Deputy Agricultural Jihad Minister Abdolmahdi Bakhshandeh announced on Wednesday that $3 billion of agricultural products […]

TEHRAN (Iran News) – The Dutch Ambassador to Tehran Jacques Werner said that the Netherlands is willing to establish mutual cooperation with the Iranian Organization in water management, renewable energies and foodstuffs. In a meeting with the Managing Director of the Free Zone Organization Gholamhossein Mozafari, Werner assessed the capacities, capabilities, facilities and air transportation […]

TEHRAN (Iran News) – Iran’s First Vice-President Eshaq Jahangiri suggested using the Iranian and Kyrgyz national currencies to boost trade exchanges between the two countries. In a meeting with Kyrgyzstan’s Minister of Transport and Roads Zhanat Beishenov and Minister of Economy Sanzhar Mukanbetov, held in Tehran on Wednesday, Jahangiri proposed that in Iran-Kyrgyzstan trade we […]

TEHRAN (Iran News) – US sanctions have provided Iran with a rare opportunity to revive its textile and clothing industry which is as old as its history. There is a big opportunity for existing textile and apparel plants to expand and for new entrants to set up shop, especially in the wake of a stepped-up […]

TEHRAN (Iran News)- Foreign Minister Mohammad Javad Zarif said on Wednesday that those countries which seemingly support the 2015 nuclear deal are unfortunately preventing exports of medicine for special patients and follow sanctions on Iran. “As the issue is necessary and important, I am telling to the Europeans another time that Iran does not expect […]

TEHRAN (Iran News) – Iranian Health Minister Saeed Namaki has said the U.S. is exerting pressure on all pharmaceutical companies to stop the sale of medicine to Iran. Namaki made the remarks in an interview with Iran Press on the sidelines of the weekly cabinet session. “They have put pressure on all our financial transactions […]