In reaction to Donald Trump’s tweet yesterday, Iran’s OPEC governor, Hossein Kazempour Ardebili said that Saudi Arabia cannot add 2mn bpd to the oil market. “Putting aside the fact that Saudi Arabia has no such capacity to bolster its crude output, this demand [by Trump] could be inferred as an order for the kingdom to […]

TEHRAN – Five polluting industries will be moved out of Tehran, director general of Samandehi Company affiliated with Tehran Municipality which is tasked with organizing businesses and industries in the capital has said. Some 20 polluting industries have already been transferred to the outskirts of Tehran, while five polluting industries are still operating in the […]

Customs talks took place between Iran and South Korea in Belgian capital Brussels for facilitating bilateral trade and business activities. During the meeting, customs officials of Iran and South Korea exchanged their views with regard to matters of mutual concerns and the removal of obstacles facing bilateral customs. In the same direction, President of the Islamic […]

 Iranian industry minister said Sat. that Iranian President Hassan Rouhani will discuss promised EU package to keep the JCPOA alive during his upcoming visit to Switzerland and Austria. “At a National Security Council meeting a few days ago, a number of issues were brought up, including big American companies’ concerns over US way of dealing […]

Iranian Minister of Cooperative, Labor and Welfare Ali Rabiee shrugged of the US government’s recent attempts to remove Iranian oil exports from global market and said the world cannot go without Iran’s oil. In remarks released on Saturday, Rabiee highlighted the significance of Iran’s oil exports and said the issue is important to the country. […]

The head of Iran’s Association of Automobile and Spare Parts Importers said Italy’s Fiat Chrysler Automobiles plans to resume its activities in Iran.  Meysam Rezaei pointed to Fiat’s recent moves to obtain necessary legal licenses to resume its activities in the country and said the Italian firm has reached an agreement with an Iranian automotive company. The […]

The Iranian Oil Minister Bijan Namader Zanganeh has said if the Oil Ministry had signed 5 more contracts and had exported 4mn bpd, the US would not have been able to sanction Iran’s oil. According to Iranian Parliament’s website ‘Khaneh Mellat’, Bijan Namader Zanganeh asked why the US could not sanction Russia’s oil and gas, […]

TEHRAN- Eliminating Iran’s oil from the global market by November as demanded by the U.S. is impossible, an Iranian oil official told Tasnim news agency on Wednesday. “Iran exports 2.5 million barrel per day of crude oil and gas condensate and cutting it easily and in a period of a few months is impossible,” the […]

TEHRAN – Deputy prime minister of Serbia said his country was expecting an increase in the number tourists from Iran and China in the new year. Rasim Ljajić, Deputy Prime Minister of Serbia and the Minister of Trade, Tourism and Telecommunications, said his country gained revenue worth 1.2 euros through tourism in 2017 that was […]

TEHRAN – Iran’s Kharg Island oil terminal capacity for receiving, storing and exporting of oil is set to increase by 700,000 barrels per day (bpd) in two years, IRNA reported on Tuesday quoting an oil official. According to Pirouz Mousavi, the managing director of Iranian Oil Terminals Company (IOTC), the necessary infrastructures for such a […]