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.

Impact of Trump’s irrational decisions on oil market 10 Apr 2019

Impact of Trump’s irrational decisions on oil market

The Brent crude oil on Mon. for the first time in 2019, crossed the $71/barrel threshold, only hours after the US labelled Iran's elite Islamic Revolutionary Guards Corps a 'terrorist group', indicating that the US president, contrary to his tweets, not only was uninterested in stabilizing the oil market and helping cut fuel prices in US, but also caused turmoil in the market with his illogical decisions.

Annual investment in water, electricity industries tops $3.8b 10 Apr 2019

Annual investment in water, electricity industries tops $3.8b

Iranian energy minister said the investment in the country’s power and water sectors reached over 162.6 trillion rials (over $3.87 billion) in the last Iranian calendar year of 1397 (ended on March 20, 2019), IRNA reported.

Sanctions to have no impact on new investment in mining sector 09 Apr 2019
Deputy industry min.:

Sanctions to have no impact on new investment in mining sector

Deputy Minister of Industry, Mine and Trade, Khodadad Gharibpour, said Tue. that US sanctions on Iran will not cause impasse behind development and investment in mines and mineral industries of the country.

IRENEX to hold 8th round of crude oil offering today 09 Apr 2019

IRENEX to hold 8th round of crude oil offering today

National Iranian Oil Company (NIOC) will offer one million barrels of crude oil at the base price of $63.36 at Iran Energy Exchange (IRENEX) for the eighth time today, ISNA reported.

€8bn Iran-Iraq trade transactions to double: fin. min. 08 Apr 2019

€8bn Iran-Iraq trade transactions to double: fin. min.

In his meeting with Iraqi Finance Minister Fuad Mohammed Hussein in Tehran, Iran’s Minister of Economic Affairs and Finance Farhad Dejpasand put the volume of mutual trade transactions at €8 billion adding that the figure is to be doubled due the prepared plans.

Oil min. says export of petchems, petroleum products ‘satisfactory’ 08 Apr 2019

Oil min. says export of petchems, petroleum products ‘satisfactory’

Iranian Oil Minister Bijan Zanganeh has described the current state of Iran’s export of petrochemicals and petroleum products as satisfactory.

Iranian airline launches Tehran-Caracas direct route 08 Apr 2019

Iranian airline launches Tehran-Caracas direct route

Mahan Air, Iran's second-largest carrier after Iran Air, has officially launched its direct flights between Tehran and the Venezuelan capital Caracas, a senior official said.

Iraqi oil minister calls for enhanced energy coop. with Iran 08 Apr 2019

Iraqi oil minister calls for enhanced energy coop. with Iran

Visiting Iraqi Oil Minister Thamer al-Ghadhban expressed optimism for furthering cooperation between Iran and Iraq for the benefit of the two countries’ nations.

Iraq clears 90% of electricity dues: minister 07 Apr 2019

Iraq clears 90% of electricity dues: minister

Iranian Minister of Energy Reza Ardakanian announced on Sunday that Iraq has cleared 90 percent of its electricity dues to Iran.

Supporting “domestic production”, main priority of banking system in current year 07 Apr 2019
CBI governor:

Supporting “domestic production”, main priority of banking system in current year

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that backing domestic production is the main priority of the Central Bank of Iran (CBI) in the current year (started Mar. 21, 2019).