Iranian Minister of Petroleum Bijan Zanganeh has sent a letter to OPEC president, complaining about some members’ attempts to redistribute over-conformity in production adjustment level among themselves, and attempts to hand over OPEC countries’ over-conformity to non-OPEC countries. In the letter addressed to Suhail Mohamed Al Mazrouei, Minister of Energy & Industry of United Arab […]

TEHRAN- Papermaking in Iran rose 32 percent to 770,000 tons in the past Iranian calendar year (ended on March 20) from its previous year, according to an official with the Ministry of Industry, Mining and Trade. Mohammad-Ali Esfandiari, the deputy director of chemical industries office of the ministry, also said that packaging paper making hit […]

The deputy minister of petroleum for international affairs said late Wednesday that Iran welcomes continuation of talks with Pakistan on the gas pipeline project. Amir Hoseein Zamani-Nia added that Tehran-Islamabad ties have always been historic and brotherly and their religious and cultural bonds serve as the biggest backbone for the two governments’ friendly ties, especially […]

Anvar Kamari, the Iranian Commercial Attaché in Indonesia said that Iran’s non-oil export to Indonesia has increased 86% by value and 52% in weight. “In the first quarter of the current Iranian calendar year of 1397, Iran’s non-oil export to Indonesia has increased 86% by value and 52% in weight comparing to the corresponding period […]

China’s business ties with Iran are open, transparent and lawful, its foreign ministry said on Wednesday, after US President Donald Trump said companies doing business with Iran would be barred from the United States. China has consistently opposed unilateral sanctions and “long-armed jurisdiction”, the ministry said in a statement faxed to Reuters. The United States […]

China on Wednesday posted a forecast-busting surge in exports for July but while its surplus with the US dipped slightly there was a warning that the full impact of US sanctions was yet to be felt. The figures come as the world’s two largest economies exchange threats of stiff duties on billions of dollars worth […]

Italy’s biggest bank UniCredit expects to reach a deal with the United States in a dispute over alleged sanctions violations in Iran in the coming months, its CEO said on Tuesday. “We are confident we can reach an agreement with the US before the end of the year,” Jean Pierre Mustier said in a conference […]

A member of Board of Trustees at the National Development Fund of Iran said that the NDFI has allocated 12 percent of financial resources to counter US sanctions on Iran. The heads of three branches of the government came to the decision to set aside 12 percent of financial resources of the Fund for countering […]

TEHRAN — The International Congress on Smart Technology (IC-Tech 2018) will be held on the theme of smart banking, the IC-Tech director Morteza Kazemian said in a press release on Monday. The role of the internet of things (IoT) and safety issues in administration software in smart government, the usage of IoT in smart banking […]

 Foreign trade statistics in the first three months of the current Iranian year (March 21-June 21) shows that Islamic Republic of Iran conducted more than $3.1 billion trade exchanges with 11 European countries, accounting for 27.6 percent share of country’s total foreign trade volume. Statistical tables of the Islamic Republic of Iran Customs Administration (IRICA) […]