Iran Air, Iran’s national flag carrier, has started negotiations with the non-European manufacturers of airplanes in line with renovation of its fleet, Farzaneh Sharafbafi, the managing director of the airline, announced on Sunday. “We will negotiate with any manufacturer which can supply airplanes for us without requiring permits from the U.S. Treasury’s Office of Foreign […]

 Russia’s Energy Minister Alexander Novak says Moscow will continue trading Tehran’s crude despite American restrictions. Russia has vowed to help Iran counter US attempts to throttle its oil sales when sanctions come into effect next week, saying it will continue trading Tehran’s crude in defiance of Washington. The US will reimpose sanctions aimed at curbing […]

Chief Executive of the Central Organization for Rural Cooperatives of Iran Hossein Shirzad said that Islamic Republic of Iran accounted for 96 percent share of saffron exports in the world in the last year (concluded March 20, 2018). With producing more than 88 percent of saffron in the world, Islamic Republic of Iran stands at […]

 Daily production of Euro-5 quality gasoline in Iran’s Persian Gulf Star Refinery will reach 40 million liters by the next month, according to the managing director of the refinery. Mohammad-Ali Dadvar put the current output of the refinery at 30 million liters per day, Mehr news agency reported on Saturday. The managing director of refinery […]

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said that the United States failed in sanctioning Iranian oil. Today, it has been clear for everyone that the United States has been defeated in sanctioning Iranian oil and minimizing it into zero level completely under any pretext. He made the above remarks on his […]

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 […]