India is yet working out a payment mechanism for continued purchase of Iranian oil, Economic Affairs Secretary at the Indian Finance Ministry Subhash Chandra Garg told CNBC TV18 news channel. Indian Oil Minister Dharmendra Pradhan has conveyed that New Delhi will continue to buy Iranian oil to some extent, the official said, Reuters reported. India […]

 Iran produced 3.447 million barrels per day (bpd) of oil in September, a 150,000 bpd decrease from 3.597 million bpd in August, according to OPEC’s latest monthly report published on Thursday citing secondary sources. The OPEC’s report also put Iran’s oil output based on direct communication at 3.755 million bpd, down 51,000 bpd compared to […]

Iran’s consultant to the health and medical education minister announced that the country plans to increase its exports of medical equipment up to ten times to hit $240 million by the end of the present Iranian calendar year (March 20, 2019). Making the remarks at the inauguration ceremony of the 15th International Exhibition of Medical […]

TEHRAN (Tasnim) – Indian Oil Minister Dharmendra Pradhan said two state refiners have placed orders for importing crude oil from Iran in November, the month when US sanctions on Iranian oil purchases take effect. “Two of our oil companies have made nominations to purchase Iranian oil in November,” Pradhan said on Monday, the Economic Times […]

TEHRAN (Tasnim) – US sanctions on Iran will not impact Qatar Airways’ flights to the Islamic Republic, the airline’s boss Akbar al-Baker said. Speaking at a high-profile business conference in Doha, Baker said services to Iran would continue despite a tightening economic squeeze on Iran by Washington. “Aviation is not a sanctioned industry, Qatar Airways […]

 Iran’s Oil Sales Official in previous sanctions period Mohammad-Ali Khatibi said that Saudi Arabia and other Organization of Petroleum Exporting Countries (OPEC) and even non-OPEC member states are unable to compensate such huge oil production volume. He put the country’s oil exports volume at 2.8 million oil barrels per day (bpd) and reiterated that OPEC […]

 The total value of mobile phones imported into Iran during the first six months of the current Iranian year (through Sep. 22) amounted to $242.692 million. According to data released by Islamic Republic of Iran Customs Administration (IRICA), the number indicates a 54% year-on-year increase in cellphone imports in terms of value. This is while […]

Over 95 percent of necessary equipment and parts in Iran’s water and wastewater industry are being produced inside the country, head of Iran’s Water & Wastewater Engineering Company known as ABFA said. “More than 95 percent of water related facilities and 90 percent of sewage equipment and industrial parts, except for sludge management, are being […]

Some 250.975 billion shares worth 723.329 trillion rials (about $17.222 billion) have been traded in Tehran Stock Exchange (TSE) since the beginning of current Iranian calendar year (March 21), IRIB reported on Saturday. As reported, the shares were traded through 14.137 million deals. Some 164.388 billion shares were traded through 7.480 million deals in the […]

 India is going to continue buying Iranian oil in November despite the U.S. sanctions, Reuters reported citing sources close to the Indian oil industry. “Refiners have placed November nominations to lift 1.25 million tons (about 9 million barrels) of oil from Iran,” Reuters quoted a source as saying. As reported, Indian Oil Corp will lift […]