TEHRAN – Tbilisi hosted the fifth joint gathering of the heads of the railway administrations of Iran, Azerbaijan, Georgia, Ukraine and Poland, on December 01. The meeting was dedicated to the newly-launched ‘South-West Transport Corridor’, which links into the broader Trans-Caspian International Route project launched in 2016. The event concluded with the signing of a […]

BUSHEHR – The South Pars oilfield’s total production value from Mar. 21 to Oct. 22 this year has increased $3.155 billion more than the same period last year, a senior official with South Pars Gas Company (SPGC) said Saturday. The export planning manager of South Pars Gas Company, Abdolrahman Salehi, said the complex’s gas production has […]

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said U.S. energy firms are the main losers from the sanctions placed against his country. Speaking at the 173 OPEC meeting in Vienna on Thursday, Zanganeh called U.S.’s policy confusing and self-defeating, CNBC reported. “I don’t understand why U.S. companies cannot enter the Iranian market. They cannot […]

TEHRAN — Iran’s Department of Environment (DOE) has decreased the period of gasoline quality checks in eight metropolises from three months to a week. Before the new chief of DOE [Isa Kalantari] took office [in August] the gasoline quality check was being conducted quarterly, Mehr news agency quoted Shina Ansari, an official with the DOE […]

TEHRAN – Iranian oil minister Bijan Namdar Zaganeh who has traveled to Vienna in order to attend the OPEC conference on extending agreements to cut oil production, said that a 6 to 9 month oil cut extension is acceptable. Bijan Zanganeh said “according to the conference outcomes and the reports issued, I suppose we have […]

TEHRAN – Trade between Iran and China during the first 10 months of 2017 reached $30.4 billion, registering a 22 percent rise compared to the same period last year. Bilateral trade was slightly over $25 billion during January-October last year, Tasnim reported citing China’s customs data. China imported about $15.46 billion worth of goods, mainly […]

Chief veterinary officers and experts from the Governments of Afghanistan, Iran, Pakistan and Tajikistan today sat around a table in Tehran to form the first Quadrilateral collaboration meeting for addressing Transboundary Animal Diseases and strengthen harmonized actions on this issue. According to a press release by the FAO Representation in the Islamic Republic of Iran, […]

TEHRAN – A high-ranking Hungarian trade delegation is due to visit Tehran to attend an Iran-Hungary business forum slated for December 3, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced. Representatives of Hungarian companies active in a variety of areas including Auto industry, engineering and product development, gas cylinders, power […]

Deputy Head of Iran’s Carpet Center for Economic Affairs Mohammad Mehdi Farshchi said Iran exported hand-woven carpets worth $180 million over the first seven months of the current Iranian calendar year (began March 20). Iran exported $290 million hand-woven carpet in 2016, he said, adding the figure rose to $359 million in 2016, rising by […]

Bitcoin broke through the $10,000 barrier for the first time on Wednesday as it continues a stratospheric rise that has delighted investors but sparked fears of a bubble. The virtual currency hit a high of $10,379 in Asia, according to Bloomberg News, more than 10 times higher than its value at the start of the […]