A double taxation avoidance agreement between Iran and Slovakia will take effect in Slovakia on January 1, 2019, Iranian Ministry of Foreign Affairs published on its website. The agreement, which was signed between the two countries on January 19, 2016, will come into force in Iran on the first day of the next Iranian calendar […]

Turkey expects the U.S. to extend its sanctions waiver on importing Iranian oil, Bloomberg reported on Thursday quoting Turkish Trade Minister Ruhsar Pekcan. “We expect an extension of Turkey’s exemption” from sanctions, Pekcan said in an interview with NTV in Ankara. She was referring to the temporary waiver that allowed Turkey to continue buying Iranian […]

 Iran and the European Union are reviewing a comprehensive customs agreement and other related cooperation programs, director general of Iran’s customs department said Wednesday. “Iran seeks to sign a mutual cooperation agreement with the European Union,” Director General of Iran’s Customs International Cooperation Department Hossein Kakhki said, Azer News reported. “Iran held intensive, over 2-year […]

 Iranian crude in the global market is extremely important for sustaining a balance in oil trade, says Sanjiv Singh, chairman of Indian Oil Corporation Ltd. India is one of the largest consumers of crude oil and since Iran has been one of the key suppliers, the country hopes the US will extend sanctions waiver, Singh said, […]

National Iranian Drilling Company (NIDC) dug and completed digging operation of 105 oil and gas wells during the first nine months of current Iranian calendar year (March 21-December 21), according to an official with the NIDC. Mohammad Al-e Khamis, the acting deputy managing director of NIDC for drilling operation, said over 142,450 meters of digging […]

Minister of Petroleum Bijan Zangeneh says Iran’s budget is the least tied to oil production among OPEC Member States, adding the country’s macro policy is to cut down dependency on oil revenues. “Although Iran’s budget is the least tied to oil among OPEC Member States, we are in good condition compared to neighboring countries,” said […]

 With South Pars gas field’s new phases going operational, the required feedstock for all the country’s petrochemical plants will be supplied during the cold season and none of them will stop production, Shana reported quoting an official with the National Petrochemical Company (NPC). “In the past few years, during the cold season some petrochemical complexes […]

President Hassan Rouhani presented the administration’s draft of the national budget bill for the next Iranian calendar year 1398, which starts on March 21, 2019, to the Majlis on Tuesday, ISNA reported. The proposed bill amounts to 17.03 quadrillion rials (about $405 billion at the official rate of 42,000 rials). Supplying basic goods, treatment and […]

 Iran’s National Petrochemical Company (NPC) is preparing to issue bonds for financing petrochemical projects, NPC CEO said Monday. Behzad Mohammadi said Monday that NPC was preparing a preliminary draft for issuance of bonds in foreign currencies and rials to be approved by the government in a bid to help resolve some of the financial problems […]

 Some 538,600 tons of non-oil commodities worth $339 million were exported from the northern province of Mazandaran during the nine months of the current Iranian year (March 21- Dec. 21), a senior official at the Islamic Republic of Iran Customs Administration said. According to Hassan Kheyrian, a coordinator at Mazandaran’s Customs Department, the figure indicates […]