The president of the Swiss-Iranian Chamber of Commerce and Industry has announced Bern’s support for helping Iran’s financial transactions despite risk of US sanctions. According to Deutche Welle Radio, Simon Tiberius Fundel, said that Switzerland will take measures to facilitate Iran’s economic activities when the United States sanctions come into effect. Tiberius Fundel, who made […]

 Naser Behzad, the Commercial Attaché at the Iranian Embassy in Baghdad, announced an increase of 13% in Iran’s non-oil exports to Iraq. Behzad said on Tuesday that the value of non-oil exports to Iraq in the first quarter of current year was also up 3 percent from the same period last year; Iran’s share of […]

The Iranian president has said that the US cannot go ahead with its plan of stemming Iran’s oil exports, calling on the American to go ahead with their plans if they can. “The Americans claim that they want to completely block Iran’s oil exports to zero but they don’t understand what they are saying because […]

Chief Executive of Iran Khodro Industrial Group (IKCO) Hashem Yekehzare denied any talk with Italy’s FIAT Automobiles and said that France’s PSA has not yet announced its exit from Iran’s lucrative car market officially. In response to a question on the details of talks between Italy’s FIAT automobiles and Iran’s leading car manufacturing company ‘IKCO’, […]

Iran exported more than 2,28 million barrels of crude oil per day and more than 330,000 barrels of gas condensate in June. According to the statistics for June, 2018, Iran exported more crude oil this year compared to the same period last year. The country exported 2.11 million bpd last June, indicating more than 150,000 […]

 Ministry of Industry, Mine and Trade reported that 18.8 million tons of non-oil goods, valued at $7.7 billion, were exported from the country in the first two months of the current Iranian calendar year in 1397 (March 21-May 21), showing a considerable 4.8 and 21.9 percent growth in terms of weight and value respectively as […]

In a letter, Iran’s oil minister has called on the OPEC to prevent some members from increasing their oil output without seeking consensus with other members. According to Iranian Oil Ministry website SHANA, the Oil Minister Bijan Zangeneh sent a correspondence to OPEC President HE Suhail Mohamed Al Mazrouei, Minister of Energy & Industry of […]

“Our main target in the field of production is reducing the end price of products in the current year, which is the year of Support for Iranian Products”, Iranian Industry, Mining and Trade Minister Mohammad Shariatmadari announced in a press conference on Saturday. Improving the quality of products is also of great importance in this […]

 Technical and Infrastructural Deputy CEO of the Islamic Republic of Iran Railways Mazyar Yazdani said that Garmsar-Incheh Borun Railway project will be electrified using Russian finance at €1.2 billion. Garmsar-Incheh Borun Railway project will be electrified in a period of four years, he maintained. The inaugural ceremony for launching electrification of Garmsar-Incheh Borun Railway project […]

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 […]