Iran to swap gas for goods with Armenia
“Iran’s exports of gas to Armenia can be increased and multilateral negotiations are underway to start swapping gas for goods with the country,” Iranian Energy Minister Reza Akrdakanian announced.
Iran home to 7% of world’s mineral reserves
Head of Iran Stone Association said the country is home to 7% of the world’s mineral reserves, adding that Iran’s stone exports are destined for over 40 countries.
OPEC’s decisions no longer liable to outside pressure
Iranian Oil Minister Zangeneh said “important changes” have been made to OPEC in a way that decisions made outside OPEC can no longer be imposed on the body for ratification.
EU’s trade mechanism not enough without oil: Zangeneh
Iran’s Oil Minister Bijan Zangeneh said a European mechanism to facilitate trade with his country in the face of US sanctions won’t be useful if it doesn’t allow for oil sales.
Saudi Arabia refuses to give back Iranian oil tanker after two months
Saudi authorities refuse to allow an Iranian oil tanker, which broke down off the coast of Jeddah early in May, to leave the port despite the fact that Iran has paid for the cost of the repairs.
Iraq working on own SPV to pay off debts, continue imports from Iran
Iraq is lining up a special purpose vehicle (SPV) of its own, a mirror European trade mechanism, to pay its arrears to Iran and to continue vital gas and electricity imports from the country under US sanctions.
Iranian nano carpets exported to 25 countries in 2018
An Iranian firm producing nanotechnology-enhanced carpets exported its high quality products to 25 countries around the world in 2018.
Iran exports $2.5b of commodities to Turkey during January-May
According to the data released by Turkish Statistical Institute, the country imported $2.57 billion of goods from Iran during January-May of this year, which shows 25 percent drop from $3.435 billion in the same period of time in 2018.
‘U.S. sanctions not impeding Iranian aviation industry’s development’
Managing Director of Iran’s National Airline (Iran Air) said the U.S. sanctions have not stopped Iran’s aviation industry’s continuous development, IRNA reported.
Iran’s Ardebil, Turkey’s Van to expand economic coop.
The managing director of Ardabil Industrial Town Company met and held talks with Turkish commercial and industrial delegation on expansion of bilateral economic cooperation.