The National Iranian Oil Company (NIOC) has set the official selling price (OSP) of its light crude for Asian buyers at $1.1 a barrel above the average of Oman and Dubai quotes, 10 cents higher than the previous month, Reuters reported quoting a source with knowledge of the matter. September OSP for Iranian Heavy crude […]

 Some 46 power and water projects at the value of 243 trillion rials (about $5.7 billion) were offered to the private sector during a ceremony attended by Iranian Vice President Es’haq Jahangiri on Tuesday. The offered projects to the private sector include Ofoq Power Plant (in the southwestern province of Khuzestan) with the capacity of […]

Director of Maritime and Ports Office of Bandar Lengeh port Ghasem Askarinasab said on Tuesday that non-oil exports from this port has increased by 36% compared to the same period last year. More than 4.90 million tons of non-oil goods were exported from western ports of southern Hormozgan province during the first five months of […]

In a directive issued by the Central Bank of Iran (CBI), supply of currency obtained from exports will accelerate. Central Bank of Iran (CBI) notified the executive instruction to the responsible organizations in six paragraphs on the removal of currency obligations of exporters and return of currency obtained from export of goods to the economic […]

Iran will hold a specialized exports exhibition in Abidjan, the capital city of Côte d’Ivoire, from November 22 to 24. Iranian companies active in the fields of foodstuff, agriculture and related machinery, construction material, electricity, technical and engineering services, medical equipment and pharmaceutical related industries, oil and gas byproducts and petrochemicals, household appliances, carpet, vehicles […]

 Iran will set up a pavilion in Oman’s 8th International Exhibition for Infrastructure and Industrial Projects (Infra Oman 2018) which is planned to be held in Oman Convention and Exhibition Center in Muscat from October 8 to 10, Trade Promotion Organization (TPO) of Iran announced. Infra Oman, as one of the largest building and construction […]

 Indian Commerce and Industry Minister Suresh Prabhu has proposed on Friday to double bilateral trade with Iran in the next five years, Economic Times reported quoting an official. According to the Indian agency, the decision has been discussed during a meeting between Prabhu and Iranian Minister of Road and Urban Development Abbas Akhoundi in New […]

Gaining 2,605 points to stand at 142,234 points, Tehran Stock Exchange (TSE)’s main index (TEDPIX) registered a new record on Sunday. As reported, 3.559 billion shares worth 8.433 trillion rials (about $200.7 million) were traded through 205,608 deals in the stock market. The first market’s index rose 1,894 points and second market’s index added 5,308 […]

 Iranian Oil Minister Bijan Namdar Zanganeh said Iran will refund French oil and gas major Total’s investments in the phase 11 of South Pars gas field but not until the project becomes operational, Shana reported on Saturday. “Total is not supposed to pay a sum as a penalty to Iran, but the money that this […]

Iranian Central Bank Governor Abdolnasser Hemmati says that with the CBI’s intervention in foreign exchange market, the rising trajectory of value for Iranian national currency rial has started. The CBI governor made the remarks after a meeting with economy commission of the Iranian Parliament on Sunday, during which important issues relevant to monetary and currency […]