Tuesday, 18 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.

Iran has no plans to leave OPEC: Oil min. 08 Jun 2019

Iran has no plans to leave OPEC: Oil min.

Iranian Minister of Petroleum Bijan Zanganeh said the country has no plans to leave the Organization of the Petroleum Exporting Countries (OPEC).

All SP phases, except ph. 11, to come online by Mar. 2021 08 Jun 2019
:Oil Min. Zanganeh

All SP phases, except ph. 11, to come online by Mar. 2021

Iran’s Oil Minister Bijan Namdar Zanganeh announced on Saturday that by March 2021, all phases of the South Pars gas field, except phase 11, will come online.

US Imposes Sanctions on Iran’s Petrochemical Group 08 Jun 2019

US Imposes Sanctions on Iran’s Petrochemical Group

The United States hit Iran's petrochemical group PGPIC (Persian Gulf Chemical Industry Company) with economic sanctions.

IRENEX to offer light crude at $67.32 on Tuesday 08 Jun 2019

IRENEX to offer light crude at $67.32 on Tuesday

The National Iranian Oil Company will offer two million barrels of light crude oil at the international ring of the energy exchange (IRENEX) on Tuesday (June 11) at the base price of $67.32 per barrel.

Astara customs office exports $63mn worth of non-oil products: Director general 08 Jun 2019

Astara customs office exports $63mn worth of non-oil products: Director general

The Director General of Astara Customs Office Rasoul Omidi said on Thursday that $63 million worth of non-oil commodities was exported from Astara Customs Office in the first two months of the current year (March 21 – May 21).

PGPIC reaction to US sanctions: We will continue with calm 08 Jun 2019

PGPIC reaction to US sanctions: We will continue with calm

CEO of the Persian Gulf Petrochemical Industries Company (PGPIC), in reaction to the recent US sanctions, said the group would continue with calm and according to its previous plans.

Iranian firm exports $1.5mn worth of nano socks to neighbors 03 Jun 2019

Iranian firm exports $1.5mn worth of nano socks to neighbors

An Iranian company alone has managed to export $1.5 million worth of nano socks to neighboring countries, such as Iraq, Afghanistan and Turkey.

Iran approves over $1.1bn FDI in mining, mineral sector last year 03 Jun 2019

Iran approves over $1.1bn FDI in mining, mineral sector last year

Statistics of the Ministry of Industry, Mine and Trade showed that more than $1.1 billion worth of Foreign Direct Investment (FDI) was approved in the mining and mineral sector of the country last year (ended March 20, 2019).

NIOC to offer gas condensate at IRENEX with 5% discount 03 Jun 2019

NIOC to offer gas condensate at IRENEX with 5% discount

The National Iranian Oil Company (NIOC) is set to offer two million barrels of natural gas condensate at Iran Energy Exchange (IRENEX) today at discounted prices.

CBI governor in S Korea for monetary talks 03 Jun 2019

CBI governor in S Korea for monetary talks

Governor of the Central Bank of Iran, Abdolnaser Hemmati, landed in South Korean capital Seoul on Sunday evening to hold talks on financial and monetary issues with Korean officials in banking and economic sectors.