Shipment of goods in Shahid Rajaee port hits approx. 5mn tons
The Director General of Hormozgan Ports and Maritime Organization (PMO) Allah Morad Afifipour put the goods forwarded in Shahid Rajaee Port at about five million tons in the first Iranian month of Farvardin (March 21 – April 21).
PGPIC to launch 7 projects by 2021
The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) said the holding company was planning to launch 7 petrochemical project by 2021.
US plans to announce new set of sanctions against Iran: reports
The Trump administration is reportedly expected to announce additional sanctions on Iran within the coming week, targeting new sections of the Iranian economy.
US new sanctions aim to threaten food security in Iran
Iranian deputy minister of agriculture said the main goal of the Trump administration for imposing the recent sanctions on Tehran is to threaten food security and people’s livelihood in the country.
CBI to launch new mechanism next week to curb rising prices in foreign currency market
An official with central bank of Iran (CBI) says that the previously announced one single organized foreign currency market will be inaugurated as soon as next week.
Iran to sell oil at ‘gray market’: dep. oil. min
Iranian Deputy Oil Minister Amir Hossein Zamaninia announced on Sunday that Iran has mobilized all its resources to sell oil in a 'grey market', to circumvent illegitimate US sanctions against the country.
Iran has 3rd largest GOR among region’s oil exporters: IMF
The International Monetary Fund (IMF) in its latest Regional Economic Outlook titled “Regional Economic Outlook: Middle East, North Africa and Central Asia” puts Iran’s Gross Official Reserves (GOR) at $108.3 billion for 2018, marking it the third biggest oil exporting country in terms of GOR.
Bypassing sanctions by replacing gas with gasoline
Project commissioner of compressed natural gas (CNG) plan of the National Iranian Oil Products, Refining and Distribution Company (NIOPRDC) Hamid Ghasemi Deh-Cheshmeh said on Saturday that the country can bypass sanctions by replacing gas with gasoline.
Iran, Syria agree to establish joint task force on custom affairs
Senior officials of Iran and Syria agreed to establish a joint task force on custom affairs in a bid to facilitate trade between the two countries.
IRGC chief commander says US cannot squeeze Iran by oil sanctions
The IRGC chief commander Major General Hossein Salami said Sat. that Iran’s economy is not dependent on oil, adding that the US cannot squeeze Iran by the sanctions.