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
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
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
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.
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
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
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
A senior Iranian oil official said that the industry is developing in the country despite the US’ economic sanctions.
Monthly steel exports up 37% yr/yr
Crude steel exports by Iran’s major steel producers during the fifth Iranian calendar month of Mordad (July 23-August 22) rose 37 percent compared to the same month in the previous year, IRIB reported citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
Iran ranks 27th among world’s biggest economies: WB
Having a 0.53 percent share of the global economy, Iran holds the 27th place in the list of world’s top economies, according to the World Bank (WB).