TEHRAN – Islamic Republic of Iran Railways (IRIR) scrapped 615 worn-out passenger wagons last year, IRNA reported on Monday quoting an IRIR official. According to Mojtaba Tafaghodi, IRIR’s deputy director for fleet affairs, by doing so the average age of the IRIR’ fleet of passenger wagons fell by about 10 years, and according to plans, […]

In a new directive issued by the Oil Ministry, bitumen will be exported to other countries as of the beginning of Iranian month of Tir (June 22). After receiving government’s approval in the past month in the field of export of any bitumen (except mineral and export bitumen), the Oil Ministry put compilation of mechanisms […]

TEHRAN- Iran’s gas exports rose 60 percent in the past Iranian calendar year (ended on March 20) compared to its preceding year, a director in National Iranian Gas Company (NIGC) announced. Behzad Babazadeh, the director for international affairs in NIGC, said 13.8 billion cubic meters (bcm) of gas was exported in the past year, IRNA […]

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. As reported, the country exported $7.739 billion of non-oil products and imported $6.797 billion of non-oil goods during the mentioned period of time. Non-oil exports indicated 22-percent growth and non-oil imports showed […]

Non-compliance with the Joint Comprehensive Plan of Action (JCPOA) will affect economic cooperation between the parties to the agreement, Zhang Hanhui, director-general of the Chinese Foreign Ministry’s Department of European-Central Asian Affairs, said on Monday. “Given the current situation, if the JCPOA is not further implemented, the normal economic cooperation between the relevant countries will […]

TEHRAN- The value of Iran’s gas condensate exports in the second Iranian calendar month Ordibehesht (April 21-May 21) rose 149 percent from the same month of the past year, according to a customs director. Ahmad Pour-Heidar, the director general of the customs office of Pars Special Economic Energy Zone (PSEEZ), said 1.061 million tons of […]

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 […]