TEHRAN- Iran exported over 4.7 million tons of agricultural products worth $4.542 billion during the ten-month period ended on January 20, according to the deputy agriculture minister for planning and economic affairs. Abdolhamid Bakhshandeh said the agricultural products accounted for 12.29 percent of the value and 4.5 percent of the weight of Iran’s non-oil exports […]

Iranians have been dealing with an ever-increasing devaluation of the rial since the beginning of the present Iranian calendar (March 21, 2017) but the major and unexpected depreciation occurred almost a month ago, in mid-February, when is supposed to be the biggest crackdown on foreign exchanges in six years. At the time, U.S. dollar broke […]

TEHRAN – A review by the consolidated planning department of the National Iranian Oil Company (NIOC) showed that 56 percent of the company’s investment resources have been allocated to the development of joint oil and gas fields in the current Iranian calendar year (which ends on March 20). As reported by IRIB news on Saturday, […]

TEHRAN – Iran has set April official selling price (OSP) of its Light crude oil for Asia 60 cents lower than the previous month, Reuters reported quoting an industry source with direct knowledge of the matter. According to the report the country has set the April OPS at $1.20 a barrel above Oman/Dubai quotes. Stepping […]

TEHRAN – English playwright Peter Shaffer’s “Amadeus” will go on stage under the direction of Javad Molania at Tehran’s Hafez Hall on March 27. An orchestra, which will be conducted by Nader Mashayekhi, will perform the music live for the play, which is about the rivalry between Mozart and his fellow composer Antonio Salieri, Molania […]

TEHRAN- Iran imported 7,350 cars in the eleventh Iranian calendar month of Bahman (January 21-February 19), according to the latest data announced by the Islamic Republic of Iran Customs Administration (IRICA). The IRICA data also put the number of cars imported to the country during the 11-month period ended on February 19 at 66,196, valued […]

A top Indian diplomat at Tehran embassy unveiled plans for the expansion of trade and banking ties with Iran using the national currencies of the two sides instead of US dollar, saying six Iranian banks have been authorized to make investment in India. Speaking at a press conference at India’s embassy in Tehran on Thursday, […]

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 […]