Deputy CEO of Ports and Maritime Organization (PMO) for Maritime Affairs Hadi Haghshenas said that talks are underway to increase trade and transport between Iranian ports and Port of Baku in Azerbaijan Republic. He also noted that more efforts will be put into facilitation of transit of goods via the North-South corridor. Haghshenas pointed to […]

 After 13 years of hiatus, 6th meeting of Iran-Qatar Joint Economic Commission will be held in Doha on May 13-14. For this purpose, a delegation composed of 70 experts, businessmen and merchants in public and private sectors of the Islamic Republic of Iran, headed by Mohammad-Reza Fayyaz Deputy head of International Affairs at the Ministry of Industry, […]

Chief executive of Iranian Oil Pipelines and Telecommunications Company (IOPTC) Abbas-Ali Jafarinasab said that more than 80 percent of parts and equipment related to the oil pipelines and telecommunications is manufactured inside the country. Manufacturing required parts and equipment inside the country has been put atop agenda since 1993, he said, adding, “this issue caused […]

TEHRAN – National Iranian Oil Company (NIOC) has raised the June official selling price (OSP) for all its crude grades loading for Asia, Platts reported quoting a company source as saying on Wednesday. As reported, The OSP for Iranian Light crude was raised by 70 cents per barrel to a premium of $2 per barrel […]

TEHRAN- Following President Trump’s withdrawal from Iran’s international nuclear deal last Tuesday, Advisor to Iranian Transport Minister Asghar Fakhrieh Kashan announced on Friday that no down payment has been made by Iran to aircraft manufactures Airbus and Boeing, so the country would incur no loss in consequence of Trump’s decision, Fars news agency reported. As […]

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Donald Trump’s decision on abandoning the nuclear deal is not going to have a great impact on Iran’s oil, gas and gas condensate exports and revenue, IRIB reported on Friday. In a live TV interview on Thursday night, Zanganeh noted that over 65 percent of the […]

TEHRAN- Some 7.7 quadrillion rials (about $183.3 billion) of capital is needed per annum to reach eight percent economic growth, Mohammad Baqer Nobakht, the head of Management and Planning Organization of Iran, was quoted as saying by IRNA on Wednesday. Referring to the 3.2 million unemployed work force in Iran, Nobakht said despite the fact […]

Mohammad Meshkinfam Managing Director of Pars Oil and Gas Company (POGC) said Wed. that an Iranian company along with China’s CNPCI will complete South Pars phase 13 after a probable Total exit from the project. “We have imported enough number of CRA (corrosion resistant alloy) pipes for South Pars phase 13 oil wells in positions […]

Head of Center for Contemporary Iranian Studies in Russia Recep Safarov said that Islamic Republic of Iran and Russia can play a decisive role in changing the international conditions in terms of politics and economy. “Iran can be the center stage of economy in the world,” he said, adding, “Iran and Russia in tandem with […]

Valiollah Seif, the Governor of the Central Bank of Iran (CBI), reassured on Wednesday that there would be no problem for Iran’s economy after Trumps withdrawal from the JCPOA. “Trump’s administration is doing its utmost to unload the heaviest burden on the Islamic Republic of Iran with the lowest cost for US,” said Valiollah Seif, […]