TEHRAN- Iraq will increase its import of Iranian natural gas which started earlier this year. Iraqi government said in a statement on Tuesday that it has approved a deal to import natural gas from Iran to the eastern border province of Diyala, Reuters reported. Iran has exported 1.2 billion cubic meters of gas to Iraq […]

TEHRAN- India will start export of container cargo to Russia via Iran from January 2018, S. Kumar, the commissioner of Indian Central Board of Excise and Customs (CBEC), announced. The official said this shipment will be done as India moves forward to operationalize international corridor INSTC, India Today reported. The move, he said, would cut down cargo […]

TEHRAN– Turkmenistan plans to take a dispute with Iran over gas supplies to international arbitration, a report said. Turkmen President Kurbanguly Berdymukhamedov discussed the issue with Myrat Archayev, head of state gas firm Turkmengas, Turkmen state news agency TDH said on Tuesday. Archayev told Berdymukhamedov that talks had fallen through and the Iranian side had […]

TEHRAN– Iranian state-owned animal feed importer SLAL has agreed to purchase around 120,000 tons of soymeal in an international tender at the weekend, European traders said on Monday. Traders said the sale was said to have been made by a small trading house believed to be from Russia, according to Reuters. “The main grain houses […]

Free trade zones, as defined by the World Bank, are small duty-free areas offering warehousing, storage, and distribution facilities for trade, transshipment, and re-export operations.  Establishment of free trade zones in Iran dates back to Iranian calendar year 1368 (March 1989- March 1990) following the fall in the country’s oil income in the preceding year which prompted the government […]

Paris has suggested that Ankara, Cairo, Riyadh and Tehran join the Contact Group on Syria in the future, French Ambassador to Russia Sylvie Bermann told on Monday, adding that the five permanent member states of the UN Security Council did not see eye to eye on this matter. She said that later the permanent members […]

TEHRAN – Iranian oil ministry invited Turkish private sector to participate in the country’s energy projects with an estimated investment of $100 billion, Daily Sabah reported on Sunday quoting an Iranian oil official. Speaking at an international conference on Iranian energy in Istanbul, Amir Talebian, the adviser to Iranian Oil Minister Bijan Namdar Zanganeh, invited […]

TEHRAN – Iran’s oil minister said that Hungary is willing to buy more oil from Iran in the future while the banking relations between the two countries will improve. After a meeting with Iranian Oil Minister Bijan Namdar Zanganeh, Hungary’s Minister for National Economy Mihaly Varga declared that his country is willing to increase its oil […]

TEHRAN – The average daily production of gasoline in Iran during the first eight months of the current Iranian calendar year (March 21- November 21) reached 74.4 million liters to register an eight-percent rise compared to last year’s eight month output. The country’s refineries produced 68.8 million liters per day of gasoline during last year’s […]

TEHRAN – The move by Iran to increase bilateral trade with Qatar, following a Saudi-led blockade, has benefited the two countries, according to an expert. “Trade between Iran and Qatar increased by 117 percent in less than six months and it shows the short-term effect of this crisis and bodes well for both countries in […]