European signatories of Joint Comprehensive Plan of Action (JCPOA) say that they are committed to working on, inter alia, the preservation and maintenance of effective financial channels with Iran, and the continuation of Iran’s export of oil and gas. In a Friday joint statement issued signed by High Representative Federica Mogherini and Foreign Ministers Jean-Yves […]

TEHRAN- The value of trades in Iran’s over-the-counter (OTC) market known also as Iran Fara Bourse (IFB) has grown 107 percent during the first seven months of the current Iranian calendar year (March 21-October 22), compared to the same period of time in the previous year. The number of trades has also increased 79 percent […]

 The latest statistics of the Islamic Republic of Iran Customs Administration (IRICA) showed that petrochemicals and animal corn stood at the top list of Iranian import and export products in the first seven month of the current Iranian calendar year (March 21 – Oct. 21). Given the above issue, petrochemicals and animal corns accounted for […]

According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new US sanctions against the Islamic Republic to kick off on Nov. 4. But more precisely, Iran’s shipment figures – crucial to oil markets – are already a mystery, Reuters news agency reported. […]

South Korea has asked the United States for “maximum flexibility” on its request for a waiver to prevent South Korean companies from being affected by renewed U.S. sanctions against Iran, the foreign ministry said. The sanctions against Iranian crude oil exports are set to take effect on Nov. 5 as part of President Donald Trump’s […]

The value of trades in Tehran Stock Exchange (TSE) has risen 73 percent during the past Iranian calendar month of Mehr (September 22-October 22) from its previous month, Tasnim news agency reported on Tuesday. Some 64.928 billion shares worth 310.327 trillion rials (about $7.388 billion) were traded through 5.250 million deals during the past month. […]

 The value of Iran’s non-oil exports rose 13.3 percent during the seven-month period from the beginning of current Iranian calendar year (March 21) to October 22, compared to the same period of time in the previous year, the head of Islamic Republic of Iran Customs Administration (IRICA) announced. Foroud Asgari said 67.362 million tons of […]

 Iran’s Energy Ministry plans to increase the capacity of the country’s hydroelectric power plants by 150 megawatts (MW) by the beginning of Iranian calendar’s next summer (June 21, 2019), IRNA reported on Sunday. According to the report, the energy ministry has foreseen an 8000MW power shortage at the peak consumption periods in the next summer […]

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 […]