TEHRAN- Iran’s non-oil trade with other countries registered a $942 million positive balance in the two-month period from March 21 to May 21, Tasnim news agency reported on Sunday citing the data offered by the Islamic Republic of Iran Customs Administration (IRICA). As reported, the country exported $7.739 billion of non-oil products and imported $6.797 […]

 Exports of gas condensate to global markets from Iran’s Pars Special Economic Energy Zone (PSEEZ), the world’s largest gas field, rose 149 percent in May, despite US pullout from JCPOA, its head of customs said on Saturday. Director General of the Zone’s Customs Department Ahmad Pourheidar, describing the latest status of Iranian exports of ultra-light […]

Following implementation of JCPOA, Iran’s crude oil export hit from 1,130,000 oil barrels per day (bpd) in 2012 to more than 2,150,000 barrels per day (bpd) in the past Iranian calendar year in 1396 (ended March 20, 2018). A landmark nuclear deal inked between Iran and six world’s major powers (the five permanent members of […]

Iranian airline Mahan Air announced on Saturday that JCPOA made no difference in terms of sanctions against the Iranian airlines and the company will move forward even after Trump’s withdrawal from the agreement. “Mahan Air has always been included in US anti-Iran sanctions even in the post-JCPOA era and the recent announcement of US Department […]

TEHRAN- The managing director of Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC) announced that 10 railway stations were inaugurated in the country during the past Iranian calendar year (ended on March 20), IRNA reported. Kheirollah Khademi put the cost of constructing those stations at over 350 billion rials (about $83.33 million). “Some other […]

TEHRAN – The International Monetary Fund (IMF) has announced that it will continue its cooperation with the Central Bank of Iran and its governor Valiollah Seif after the United States slapped sanctions on him. The IMF further said as Iran is one of its members, it will continue to cooperate with Seif, IRNA reported. Last […]

Iran’s Minister of Industry, Mine and Trade Mohammad Shariatmadari said Wed. that the new US sanctions will not seriously affect Iran’s economy as it has grown immune to it. Speaking to reporters in Tehran after a cabinet meeting, and in response to a question about how the US sanctions affect Iran’s economy, Shariatmadari said that Iran […]

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on the last day of the second Iranian calendar month Ordibehesht (May 21) stood at 8 percent, down 0.1 percent from its previous month, IRNA reported. All sectors of the Iranian economy registered positive growth in 2017, during which […]

The Austrian energy group OMV has announced to continue with its previously announced energy project in Iran despite US withdrawal from the JCPOA. According to Reuters news agency, the Austrian energy group OMV is continuing with planned Iranian energy projects despite the United States’ withdrawal from a nuclear pact with Tehran. The company added, however, […]

When history is written, then President Trump’s decision on 8th May to abandon the Joint Comprehensive Plan of Action (JCPOA) agreement with Iran may well be seen as a historic turning point. In fact the origins of President Donald Trump’s aggressive stance against Iran may lie in his ‘Energy Week’ speech on June 29 which […]