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 […]

 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 […]