The United States has extended for 90 days a waiver given to Iraq from sanctions against Iran, a State Department spokesman said on Friday, allowing Baghdad to keep importing Iranian gas that is critical for Iraqi power production. The extension was reached on Thursday, when a previous 45-day waiver was due to expire, during a […]

India will use escrow accounts of five Iranian banks held with UCO Bank Ltd. to deposit money for oil purchases from the Middle East producer to overcome U.S. sanctions, according to people with knowledge of the matter. Iran will use part of the deposits for purchasing essential goods from India and to meet expenditure incurred […]

Iranian rescue teams managed to tow a cargo ship named “NARGOL” into a pier off the northwestern city of Astara after it was reported in distress in the Caspian Sea, the governor of Astara said on Friday. Speaking to the Tasnim News Agency, Younes Ranjkesh said the freighter was damaged in Astara Port around noon […]

Iran’s nominal capacity to produce electricity has reached over 80,000 megawatts (MW) following the connection of a number of power plants to the country’s national grid over the past weeks. With the coming into service of several new power plants, Iran’s overall nominal capacity to generate electricity has reached 80,053 MW. The latest increase of […]

Switzerland is close to launching a payments channel to let companies sell food, medicine, and medical devices to Iran in the face of US sanctions. According to the Financial Times, the Swiss initiative has US approval and rivals EU’s promised trade mechanism that is said to bypass US sanctions against Iran. According to the report, Bern’s […]

More than 12,000 kilometers of roads and railways are currently under construction throughout the country, Iran’s Deputy Transport Minister Kheirollah Khademi announced on Tuesday. Khademi, who is also the managing director of Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC), made the remarks in a press conference on the sidelines of the 3rd edition […]

 The director of National Iranian Oil Company (NIOC)’s Discovery Department said new oil and gas fields have been discovered in the country during the past two years, IRNA reported on Tuesday. “The details of the discoveries will be revealed by the Oil Ministry.” Saleh Hendi said. According to the official, there are currently about 40 […]

Iran’s airspace remains open to all international flights, including U.S. airliners, but most European countries refuse fuel to Iranian planes, an official has said. “Iran’s sky is open to all countries, except Israel,” head of the Iranian Civil Aviation Organization (CAO) Ali Abedzadeh said, Press TV reported on Tuesday. Currently, American airplanes are also passing […]

Iran exported 2.381 million tons of tar worth $561 million during the eight months of the current fiscal (March 21- Nov. 21), a senior official the Islamic Republic of Iran Customs Administration (IRICA) said on Tuesday. According to Alireza Dashtani, customs inspector of the southern Hormozgan province, the figure indicates 16% growth in value and […]

Iran’s tax incomes during the first seven months of the current Iranian calendar year (March 21-October 21) has risen 14.2 percent compared to the same period of time in the previous year, ISNA reported on Monday citing the data released by the Central Bank of Iran (CBI). As reported, Iranian government has received 750 trillion […]