Managing director of the National Iranian Oil Company (NIOC) said Sat. that three oil contracts will be signed by the end of the current Iranian fiscal year (by March 20, 2018). Ali Kardor made the announcement on Saturday on the sidelines of the 2nd International Congress and Exhibition on Exploration and Production, and the 5th […]

Chief Executive of Persian Gulf Star Refinery Mohammad-Ali Dadvar said, “required documents have been provided for receiving the first installments, amounting to 40 million euro, but at least €100 million will be injected to the refinery before the termination of the current Iranian calendar year in 1396 (to end March 20, 2018).” Allocation of financial […]

 Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari called for developing and broadening banking relationship between Islamic Republic of Iran and Croatia. He urged merchants and traders of the two countries for setting up joint venture (JV) investment companies. In his meeting with Croatian economic authorities, Khansari reiterated, “Iran Chamber […]

TEHRAN- “Iran exported $336 million of hand-woven carpets in the first ten months of the current Iranian calendar year (March 21, 2017- January 20, 2018), showing an increase of 22 percent compared to the same period of time in the past year,” ISNA reported on Friday quoting Hamid Kargar, the head of Iran’s National Carpet […]

TEHRAN- Oman is seeking expansion of its trade relationship with Iran, according to Oman Chamber of Commerce and Industry Vice Chairman Rashid Amer Mohammed Al-Mesailhi. Al-Mesailhi made the remarks in a meeting between a delegation of Iranian traders and businessmen from Iran Chamber of Commerce, Industries, Mine and Agriculture (ICCIMA) with their Omani counterparts in […]

TEHRAN- Iran’s national budget bill for the next Iranian calendar year, starting March 21 has envisaged 734 trillion rials (about $16.398 billion) of investment to be made by the government to implement 12 job-creation plans, Government spokesman Mohammad Baqer Nobakht announced in a press conference on Tuesday. In late December 2017, the official had said that […]

TEHRAN – Four major Asian buyers of Iranian crude imported a total of 1.70 million barrels per day (bpd) from Iran in January, the highest volume since October, the data released by Reuters showed. According to the government and ship-tracking data, imports of Iranian crude oil by China, India, Japan and South Korea last month […]

Iranian Foreign Minister Mohammad Javad Zarif said that European banks are seeking a banking solution with the Islamic Republic of Iran. He went on to say that European countries are trying to solve banking problem with the Islamic Republic of Iran and have considered alternatives for this purpose. Turning to the US stonewalling measures taken […]

TEHRAN- Iran exported 14.46 million tons of petrochemical products worth $7.397 billion during the first eight months of the current Iranian calendar year (March 21-November 21), Shana reported. The country’s petrochemical exports stood at 1.5 million tons valued at $858 million in the eight calendar month of Aban (October 23-November 21). In July, Ali-Mohammad Bossaqzadeh, the […]

TEHRAN– Chairman of Economic Commission of Iranian Parliament, Mohammad Reza Pour-Ebrahimi said that the report of “consequences of Iran’s accession to the Financial Action Task Force (FATF)” will be read out in the Parliament after coordinating with the Supreme National Security Council (SNSC).” With regard to the latest situation of reviewing effects and consequences of […]