Fresh fears of a trade war between the world’s top two economies sent Asia markets tumbling on Monday after the United States and China imposed tit-for-tat tariffs on billions of dollars of imports. Energy firms were among the biggest losers as oil prices plunged ahead of a key OPEC meeting, where Saudi Arabia and Russia […]

TEHRAN – The construction of Iran’s longest freeway is planned to be completed within the next two years, according to the deputy director for construction and development in Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC). Seyed Hassan Mirshafi’ said this freeway with the length of 700 kilometers will connect Natanz in the central […]

TEHRAN- India’s imports of oil from Iran increased to about 705,000 barrels per day (bpd) in May, which is the highest level since 2016, Reuters reported citing the data from shipping and industry sources. The rise in oil imports came as refiners raised purchases despite the U.S. sanctions against Tehran, the report said. Imports of […]

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 2,767 points to 99.146 on Wednesday, IRNA reported. As reported, 1.66 billion securities worth 4.355 trillion rials (about $103.19 million) were traded through 121,965 deals in a day. Also, IFX, the main index of Iran’s over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), rose […]

TEHRAN- According to OPEC’s latest monthly report published on June 12, oil production in Iran stood at about 3.829 million barrels per day (bpd) in May, an increase of 6,000 bpd from 3.823 million bpd in April, based on secondary sources. The OPEC’s report also announced Iran’s oil output based on direct communication. It said […]

The CEO of the automaker Renault said Fri. that French company will not leave Iran and will take measures to avoid the risk of US reinstated sanctions. According to France 24, Renault CEO Carlos Ghosn told its shareholders on Friday that they will not abandon Iran even if they have to downsize their activities very […]

TEHRAN- Iran is planning to become an exporter of technical and engineering services in gas sector, National Iranian Gas Company (NIGC) Managing Director Hamidreza Araqi announced. “We have already negotiated with some neighboring countries to export such services to them”, the official said in a press conference on Monday. “We, in NIGC, have materialized quantity […]

Iranian Ambassador to Baku Jahangirzadeh and Mehdiyev, the Chairman of the State Customs Committee of the Republic of Azerbaijan, vowed to increase bilateral cooperation especially in customs affairs. “The extension of working hours of the shared border-points of Iran and Azerbaijan is of prime importance for bolstering bilateral relations,” said Javad Jahangirzadeh, the Iranian Ambassador […]

 The monthly OPEC report says Iran’s crude oil production averaged 3.80mn bpd (million barrels per day) in May, near a nine-year high. Iran’s output increased after the US lifted the sanctions in January 2016. Iran’s crude oil exports reached 2.7 mn bpd in May—the highest level since the sanctions were lifted. Brent and WTI oil prices […]

Senior Adviser to the Ministry of Agriculture Esmaeil Esfandiaripour said, “with the coordination made in this regard, the country will be self-sufficient in wheat production in the current year (started March 21, 2018). In this regard, there is no need to import this strategic product into the country in the current year, he maintained. He […]