India’s Shipping Secretary Gopal Krishna said the country is weighing a rupee-rial payment mechanism for the Chabahar project in Iran as it weaves a way around the US’s impending sanctions against Iran from Nov. 4, to kickstart the port that is considered critical to the country’s geopolitical and trade interests. According to The Hindu BusinessLine, […]

 Khazar Car Factory, a joint venture between Iran Khodro and the Azeri automotive company AzEuroCar LLC, plans to offer its products in Russian and Georgian markets, Azerbaijan’s Deputy Minister of Economy and Industry Niyazi Safarov said. According to Safarov, talks are underway to export Khazar cars to Russia and Georgia and the capacities of both […]

Iranian crude oil and condensate exports averaged 2.2 million barrels per day (bpd) in the first two weeks of October, an increase of 195,618 bpd over the full month of September, Kallanish Energy reports. According to data released by online monitoring service TankerTrackers.com, the volume is based on the first 13 days of the month, […]

Iran and Germany signed a memorandum of understanding (MOU) for cooperation in training and education of industry managers and entrepreneurs on Wednesday in Germany. The MOU was signed by the Managing Director of Iran Small Industries and Industrial Parks Organization Sadeq Najafi and a deputy at the German ministry of economic affairs and energy. Najafi […]

An unprecedented volume of Iranian crude oil is set to arrive at China’s northeast Dalian port this month and in early November before U.S. sanctions on Iran take effect, according to an Iranian shipping source and data on Refinitiv Eikon. A source from the National Iranian Tanker Company said the company is shipping more than […]

The issue of offering crude oil in the stock market of Iran dates back to the Iranian calendar year of 1379 (March 2000-March 2001). Since then it has come on the table several times but was never materialized. But now, with the U.S.’s withdrawal from Iran’s nuclear deal in May and re-imposition of sanctions against […]

 Iranian steel mills produced a total of 9.328 million tons of crude steel during the first five months of the current Iranian year (March 21-Aug. 22). According to the data released by the Ministry of Industry, Mine and Trade, the figure indicates a 10.8% increase compared with last year’s corresponding period, when the country’s steel […]

Head of the Iranian National Standards Organization (INSO) said Wed. that Iran and Russia are making every effort to achieve common standards in the economic sector in a bid to boost mutual trades. Nayereh Pirouzbakht, the INSO head, said that facilitating mutual trades entails common standards, and the two sides are studying various options and […]

Offering crude oil at Iran Energy Exchange (IRENEX) will be commenced on October 28 to thwart U.S. sanctions, ISNA quoted Deputy Oil Minister Ali Kardor as saying on Tuesday. The government is to offer oil in form of at least 35,000-barrel-cargos and the total of one million barrels per day at IRENEX, he announced addressing […]

 Increasing the value of trade between Uzbekistan and Iran to $1 billion is one of the top priorities of the Uzbek government, Uzbekistan Ambassador to Iran Bakhodir Abdullaev said in a meeting with a number of Iranian businessmen in the central city of Arak on Monday evening. The envoy put the current annual trade between […]