An agreement on economic cooperation between Russia’s Volgograd and Iran’s Mazandaran was signed Tue. by governors of the two provinces during a Russian delegation visit to Iran. A Russian delegation comprising 40 people from Volgograd, a city in southwest Russia, visited the Iranian northern province of Mazandaran on Tuesday during which the two sides signed […]

The volume of trade between Tehran and Nairobi has reached $ 167 million, Iran ambassador to Kenya told MNA, adding that the bilateral trade could reach $ 500 million. Iranian ambassador to African country of Kenya Hadi Farajvand told Mehr News Agency correspondent that the black continent has become a ground for competitions among the […]

Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co. (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the US, Reuters reported Tuesday. The shift demonstrates that China, Iran’s biggest oil customer, wants to keep buying […]

Executive Acting Secretary General of Japan’s Liberal Democratic Party Koichi Hagiuda pointed to the age-old relationship between Iran and Japan and said, “Japan is interested in boosting and expanding political-economic ties with the Islamic Republic of Iran.” He made the remark in his meeting with the Ambassador of the Islamic Republic of Iran to Japan […]

TEHRAN- A smoother trend of deals is being seen in the secondary foreign currency market, according to Abdolnaser Hemmati, the governor of Central Bank of Iran (CBI). Making the remarks among the reporters on the sidelines of the meeting of the Economic Committee of Majlis (Iranian parliament) on Sunday, the official said: “The secondary market […]

CEO of the National Iranian Oil Products Distribution Company (NIOPDC) in Chabahar region Mostafa Nakhaei said that the first tanker for transporting oil gas with the capacity of carrying 50 million liters of oil gas docked in Quay No. 5 of Shahid Beheshti Port. He pointed to the infrastructures created in Chabahar region and said, […]

Head of Iran National Carpet Center (INCC) Fereshteh Dastpak said Mon. that $ 100 million worth of handmade carpets has been exported during the first four months of the Iranian year (beginning on March 21). Speaking to reporters few days before 27th National Hand-Woven Carpets exhibition kicks off in Tehran, Fereshteh Dastpak said “during this […]

TEHRAN- Gasoline production in Iran will be increased by 12 million liters to hit 100 million liters per day within the next three months, according to the chairman of the Association of Iranian Refining Companies. The country can achieve self-reliance in gasoline production once its daily output is over 90 million liters, Nasser Ashouri told […]

Iranian Oil Minister Bijan Namdar Zanganeh said Mon. that the French Total has left South Pars project, adding that negotiations are underway to find a replacement. “Total has officially left South Pars Phase 11 deal after two months that it announced it would do so,” Bijan Namdar Zanganeh said in an open session in Iranian […]

Iran and Armenia signed a Memorandum of Understanding on joint production of agricultural machinery, Iran’s commercial attaché to Armenia said on Sunday. Mohsen Rahimi said that an Iranian company has inked an MoU with Armenia’s business development fund to jointly manufacture agricultural machinery in the Armenia. The agreement was signed with Armenian deputy minister of […]