The governor of the Central Bank of Iran (CBI) has said a bilateral monetary agreement has been struck between Iran and Europe, through which exporters can receive their revenues from exports to other countries. Abdolnaser Hemmati said the details of the monetary mechanism with Europe had been discussed with the Europeans in Brussels last week, […]

Some 280,000 barrels of crude oil were traded on Sunday, the first day of offering crude oil for export on Iran Energy Exchange (IRENEX), just few days before new round of U.S. sanctions on petroleum sector take effect, Shana reported. National Iranian Oil Company (NIOC) started to sell crude oil at $74.85 per barrel in […]

 The 18th Annual Archaeological Seminar of Japanese Researchers on Iranian Archaeology was held Sat. in Tokyo, with 80 Japanese researchers and those interested in Iranian history and culture in attendance. The seminar, held by the embassy of the Islamic Republic of Iran in Japan, was attended by some members of the Iran-Japan Cultural Association, the Friendship […]

 During the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, approximately 311.164 million tons of commodities worth over $381 million were traded in Iran Mercantile Exchange (IME). Last week, on the domestic and export metal and mineral trading floor of IME, 9,615 million tons of various products worth close to $63.4 […]

Production of gas was started in platform 14C of South Pars gas field (Iran shares with Qatar in the Persian Gulf), operator of phase 14 of developing the gas field announced on Saturday. Hamidreza Masoudi said platform 14C has the daily capacity of extracting 500 million cubic feet (14.1 million cubic meters) of sour gas, […]

Vincent B. Ssempijja, Uganda’s Minister of Agriculture, Animal Industries and Fisheries, called for increasing cooperation with Iranian companies in different fields of agriculture. In a Friday meeting with Iranian ambassador to Uganda Seyed Morteza Mortazavi, Ssempijja said that his country enjoys fertile soil, abundant water resources, and low-cost workforce, adding that Iranian companies can cooperate […]

 Iran and Afghanistan have held talks to build banking ties and expand commerce between the two countries, with a focus on facilitating the return of foreign currency from exports into the Islamic Republic. Seyed Hossein Salimi, deputy director of the Money and Capital Market Commission of the Tehran Chamber of Commerce, Industries, Mines and Agriculture, […]

Governor of Central Bank of Iran (CBI) said Fri. that the EU’s financial mechanism to ease trade transactions with Iran will act as a bilateral monetary agreement, allowing exporters to receive their foreign exchange earnings through it. Abdolnaser Hemmati wrote in a post on Friday that the details of a new European Union mechanism to […]

 Islamic Republic of Iran Railways (also known as RAI) will hold a conference on investment making opportunities in the railway projects on November 12, a deputy at RAI announced. Nourollah Beyranvand, the deputy head of RAI for planning and investment, said, “Many railway projects have not achieved their goals due to lack of fund; so […]

 Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday the country’s petroleum revenues had exceeded expectations by 25% in the first half of the current fiscal year (started on March 21). Zanganeh added that his ministry would exert every effort to counteract the outrageous US sanctions against the Islamic Republic in various ways. He also […]