The National Iranian Oil Company (NIOC) has announced the fifth round of oil sale on Iran Energy Exchange (IRENEX) will be launched on February 18. According to a notice published on Wednesday, the fifth round of crude sale will be conducted with terms and conditions similar to that of the previous round. NIOC will offer […]

 Iran’s largest car manufacturer Iran Khodro Company (IKCO) is planning to offer its Dena model, co-produced by Azerbaijan, in the Ukrainian market, a senior official at the company said. Head of IKCO operations in Asia, Europe, America and Commonwealth of Independent States, Sabina Nobari, said the company is set to export its Dena vehicles to […]

The National Iranian Oil Products Refining and Distribution Company (NIORDC) is planning to launch an integrated system for distribution management of petroleum products. Speaking to Shana, Shahram Rezaie, the director of planning at NIORDC, said the system was one of the company’s megaprojects which would come on-stream within the next two years. He said nearly […]

41st Spring, Explosion of Turnout By: Hamid Reza Naghashian All economic plots of enemies of the Islamic Revolution with February 11 massive rallies were thwarted. Although President Hassan Rouhani did not talk about economy in his speech during the rallies in Tehran, but he delivered a speech in the 41st spring of the Islamic Revolution […]

 Officials of Iran’s Bazargan Customs and Turkey’s Gürbulak Customs agreed to facilitate truck traffic across the border between the two countries, with over 450 trucks on a daily basis. For this purpose, a joint meeting was held at the venue of Bazargan Customs on Feb. 12 between officials of the two countries in the presence […]

 Iran’s major steelmakers exported more than 4.715 million tons in the 10 months of the current Iranian calendar (March 21 – Jan. 21), so that Khuzestan province accounts for about 39 percent of country’s total steel production share. According to the statistical tables of large steelmaking companies [including Khuzestan Steel Co. (KSC) and Esfahan’s Mobarakeh […]

India and Iran will celebrate ‘Chabahar Day’ on February 26 at a mega event in Iran’s strategically located port, which is operated by India. A senior Indian official will lead a high-ranking delegation comprising business delegates, among others, at the day-long event, which will also see the participation of Afghanistan, Central Asia and Russia. Iran will […]

The governor of the Central Bank of Iran unveiled plans for using non-dollar accounts for oil and gas trade with Iraq. Abdolnaser Hemmati on Wednesday held a meeting with presidents of Iraqi banks, members of Iraq’s chamber of commerce and the Arab country’s business people during a trip to Baghdad. In the gathering, the top […]

TEHRAN – Iran and Iraq signed an agreement late Tuesday on a payment mechanism to remove the obstacles blocking the settlement of Baghdad’s debts to Tehran. IRAN NEWS NATIONAL DESK Signatories to the deal, which was inked in Baghdad, were Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati and his Iraqi counterpart Ali […]

Expressing regret over the unilateral withdrawal of US administration from nuclear deal, European Union’s ambassador to the United States David O’Sullivan said trade and commerce with Iran is part and parcel of INSTEX. David O’Sullivan, the European Union’s ambassador to the United States, wraps up his time in Washington at the end of February. The […]