Russian oil companies could sign contracts with Iran by March 21 that would allow them to work on Iranian oilfields, Russia’s Energy Minister Alexander Novak said on Tuesday. Novak also said Iran was ready to supply crude oil to Russia but that would depend on future agreements with the buyers of the oil, Reuters reported. […]

About 40 percent of Iranian oil exports in February was sold to European companies, including the global oil giant Royal Dutch Shell and Italy’s Eni. During the second month of 2018, the Islamic Republic exported 2.16 million barrels of crude oil and 430,000 barrels of gas condensates per day to foreign countries on average, 40 […]

The final document of the 14th Iran-Russia joint economic commission’s meeting was signed Tue. by Iranian and Russian ministers of economy in Moscow. The document, signed by Iranian Minister of Economy and Financial Affairs Masoud Karbasian and Russian Minister of Economic Development Maxim Oreshkin, comprises as many as 14 memorandums of understanding on cooperation in the […]

TEHRAN- Underway mining and related industries projects require 104 trillion rials (about $2.311 billion) of investment to be completed, according to Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Mehdi Karbasian. The official also said that exploration plans should be seriously followed up in order to discover new mines and stressed the necessity of […]

TEHRAN- The Head of Statistical Center of Iran (SCI) Omid Ali Parsa put the number of jobless people at 3.226 million in the country, IRIB news reported on Tuesday. The official said that unemployment rate during the nine-month period ended on December 21, 2017 fell 0.3 percent compared to the figure of the same period […]

Referring to the imminent visit of First Vice President Es’hagh Jahangiri to neighboring Iraq, Minister of Industry, Mine and Trade Mohammad Shariatmadari pointed said, “it is hoped that upcoming visit of the first vice president will outline economic cooperation roadmap between the two countries.” Minister of Industry, Mine and Trade Shariatmadari and his accompanying delegation […]

The black box of an Iranian ATR passenger plane that crashed on 18 Feb., killing all 65 on board, will be sent to France to be decrypted, head of Parl. Civil Affairs Commission said Tuesday. Head of Parliament’s Civil Affairs Commission, Mohammad Reza Rezaei-Kouchi, told reporters on Tuesday that the black box belonging to the Iran […]

 Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said Iran’s foreign trade with the European Union grew by 52% to reach 21 billion euros in the first 10 months of current Iranian year. Inflation rate is 8.2% according to the Center for Statistics of Iran and 9.9%, according to the […]

TEHRAN – Iranian Finance and Economic Affairs Minister Masoud Karbasian met with Russian Economy Minister Maxim Oreshkin on Monday to discuss further expansion of mutual economic cooperation, Shada news agency reported. The Iranian minister emphasized developing economic ties between the two countries’ provinces especially those adjacent to Caspian Sea, as a strategic approach to increase […]

TEHRAN- The 16th general assembly of Iran Chamber of Commerce, Industries, Mine and Agriculture (ICCIMA) and Economic Cooperation Organization (ECO) was held at the place of ICCIMA in Tehran on Monday, IRIB news reported. The meeting was attended by Iranian Transport Minister Abbas Akhoundi, ICCIMA Head Gholam-Hossein Shafeie, chairmen of Iran’s Chambers of Commerce, and ambassadors […]