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 […]

Iran holds some 22 percent of Afghanistan’s goods consumer market, Afghan commercial attaché to Iran said Tuesday. Afghanistan imports about 11.5 billion US dollars worth of consumer goods annually and Iran’s share accounts for 2.5 billion US dollars of the total sum, Afghan commercial attaché to Iran, Jaber Ansar, said Tuesday. Cheaper transportation costs reduce Afghanistan’s expenses […]

In November 2016, OPEC nations joined hands with other oil producing countries like Russia, Mexico, Kazakhstan and Oman to rebalance an oversupplied oil market helping the prices surge from a dramatically low point. In doing so, nations that pump more than half the world’s oil, gathered in Vienna to make a landmark decision on cutting […]