Iranian ministry of agriculture and Turkey’s ministry of agriculture and forestry inked three memorandums of understanding (MOUs) on Wednesday for cooperation in various fields, IRNA reported. Covering different areas including veterinary, beekeeping and forestry, the agreements were signed during the seventh meeting of the Strategic Committee for Agricultural Cooperation between the two countries in Tehran. […]

Iranian crude oil exports to India in September rose by 111,000 barrels per day (bpd) to 502,000 bpd compared to the figure for August, ADTV reported citing traders and shipping intelligence firm Kpler. According to the report, Indian buyers reduced U.S. crude purchases and loaded up on Iranian oil ahead of the restart of U.S. […]

In a meeting between Iranian Central Bank Governor Abdolnaser Hemmati and his Russian counterpart Elvira Nabiullina in Moscow on Thursday, the two sides stressed the need for the expansion of banking cooperation between Iran and Russia. Using national currencies of the two countries in bilateral trade was the main pivot of the negotiations between the […]

 The Secretary-General of Iran-Iraq Chamber of Commerce Sayed Hamid Hosseini said Tue. that Iran’s exports to Iraq recorded a new high, as $55 million worth of commodities was exported to the neighboring country on Monday. “This year, Iran’s exports to Iraq has been growing and during the first four months of this Iranian year (beginning on […]

 Iranian Deputy Foreign Minister for Political Affairs Seyed Abbas Araqchi said excluding Iran from the global oil market could have “serious effects” on oil prices. “I am not an expert on this. But I think it is obvious and everybody is predicting that if Iran is out of the (global oil) market, it would have […]

 Iranian Mapna Group Company signed a memorandum of understanding (MOU) with Syrian Public Establishment of Electricity for Generation (PEEG) on Tuesday for constructing a 540 megawatt (MW) combined cycle power plant in Syrian port city of Latakia, IRNA reported. The MOU was signed by PEEG’s Managing Director Mahmoud Ramadan and MAPNA Group’s Managing Director Abbas […]

 Iran’s value of non-oil exports to China increased 11.62 percent during the first half of the current Iranian calendar year (March 21-September 22) compared to the same period of time in the previous year, according to the data released by the Islamic Republic of Iran Customs Administration (IRICA). IRICA data show that Iran exported 13.703 […]

Following government’s Saturday measure to grant authority to the Central Bank of Iran (CBI) to interfere in the foreign exchange market in defense of the rial, the Iranian currency started to regain incrementally. On Tuesday, in the Iranian capital, money exchange shops offered around 140,000 rials for one U.S. dollar, while the rate stood at […]

 Iran’s crude oil exports to Japan jumped 65 percent year on year in August, marking the fourth consecutive month of increase, Platts reported citing Japan’s Ministry of Economy, Trade and Industry (METI)’s trade data. According to the data released on Thursday, the Asian country shipped in 177,475 barrels per day (bpd) of Iranian crude oil […]

Interior Minister Abdolreza Rahmani Fazli said on Tuesday effective decisions have been made to alleviate the foreign currency and gold coin market. “Crucial decisions have been made in the Supreme Council of Economic Coordination, a joint meeting attended by the heads of the three branches of power, and we will observe a decreasing trend in […]