Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) and the Federation of Syrian Chambers of Commerce inked a memorandum of understanding (MOU) on Saturday addressing issues regarding long-term cooperation. The MOU was signed during an Iran-Syria business forum which was held for the first time after over a decade hiatus due to war in […]

Iranian and Syrian cooperation in economic Syria and Iran on Saturday discussed mechanisms of strategic cooperation in economic, trade and investment domains. The discussion was during a meeting between a delegation of Syrian businessmen, headed by Secretary General of the Federation of Syrian Chambers of Commerce Mohammad Hamshou and the Adviser to First Vice-President of the […]

The third phase of Persian Gulf Star Refinery (PGSR), in the city of Bandar Abbas, southern Hormozgan province, has started a pilot run in a step toward increasing the country’s gasoline output and self-sufficiency in meeting domestic demand. According to Mohammad Ali Dadvar, managing director of the refinery, efforts are underway to fully develop the […]

 Iranian diplomat Morteza Safari Natanzi said Sat. that the reason behind EU’s prolonged talks with Iran is because European countries are trying to find better ways to maintain banking ties and buy Iranian oil. Speaking to Mehr News correspondent on Saturday, Chairman of the Iranian Parliament’s National Security and Foreign Policy Committee, Morteza Safari Natanzi, […]

 India’s Shipping Secretary Gopal Krishna said the country is weighing a rupee-rial payment mechanism for the Chabahar project in Iran as it weaves a way around the US’s impending sanctions against Iran from Nov. 4, to kickstart the port that is considered critical to the country’s geopolitical and trade interests. According to The Hindu BusinessLine, […]

 Khazar Car Factory, a joint venture between Iran Khodro and the Azeri automotive company AzEuroCar LLC, plans to offer its products in Russian and Georgian markets, Azerbaijan’s Deputy Minister of Economy and Industry Niyazi Safarov said. According to Safarov, talks are underway to export Khazar cars to Russia and Georgia and the capacities of both […]

Iranian crude oil and condensate exports averaged 2.2 million barrels per day (bpd) in the first two weeks of October, an increase of 195,618 bpd over the full month of September, Kallanish Energy reports. According to data released by online monitoring service TankerTrackers.com, the volume is based on the first 13 days of the month, […]

Iran and Germany signed a memorandum of understanding (MOU) for cooperation in training and education of industry managers and entrepreneurs on Wednesday in Germany. The MOU was signed by the Managing Director of Iran Small Industries and Industrial Parks Organization Sadeq Najafi and a deputy at the German ministry of economic affairs and energy. Najafi […]

An unprecedented volume of Iranian crude oil is set to arrive at China’s northeast Dalian port this month and in early November before U.S. sanctions on Iran take effect, according to an Iranian shipping source and data on Refinitiv Eikon. A source from the National Iranian Tanker Company said the company is shipping more than […]

The issue of offering crude oil in the stock market of Iran dates back to the Iranian calendar year of 1379 (March 2000-March 2001). Since then it has come on the table several times but was never materialized. But now, with the U.S.’s withdrawal from Iran’s nuclear deal in May and re-imposition of sanctions against […]