TEHRAN – Iran plans to attract $50 billion of investments in its mining sector by 2025, head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said. A number of agreements have been signed with European and Asian banks to ease foreign investment attraction, IRNA quoted Mehdi Karbasian as saying on Wednesday. […]

TEHRAN – Industrial Development and Renovation Organization of Iran (IDRO) and Russia’s energy giant Gazprom signed a memorandum of understanding (MOU) for cooperation in energy projects. According to IDRO portal, the MOU was signed by IDRO’s Chairman Mansour Moazami, and Vitaly Markelov, Gazprom’s deputy chairman of the management committee, in Tehran on Sunday. Speaking at […]

TEHRAN- India plans to send seven shipments of wheat to Afghanistan through Iran’s southeastern Chabahar Port by the end of January, Reuters reported. India launched a trade route to Afghanistan via Iran through shipping its first consignment of wheat to Afghanistan on October 29, bypassing longtime rival Pakistan.  New Delhi is in talks with Tehran […]

TEHRAN- European Agriculture and Rural Development Commissioner Phil Hogan will enter Tehran on Friday on the head of a high-ranking delegation. The delegation comprises 70 members including some officials from Directorate-General for Agriculture and Rural Development of the European Commission as well as representatives of some renowned companies from different European countries, the portal of […]

TEHRAN – An Iranian trade delegation is due to visit Belgium on November 29 and 30 to present Iranian investment projects for Belgian counterparts, IRIB reported on Tuesday quoting chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) as saying. Masoud Khansari said the delegation will introduce 15 investment projects in Iran’s energy […]

TEHRAN – Iranian heavy crude oil price hit the record high $60.15 per barrel on Tuesday following the recent price surge in the oil market, IRNA reported. The price rose by $2.45 per barrel or 4.2 percent to push Iranian crude price once again into the $60 range after two years. According to Reuters, oil […]

TEHRAN- Iran boosted its crude oil prices for Northwest Europe, the Mediterranean, and Sidi Kerir in December, a source with knowledge of the matter said on Tuesday. The National Iranian Oil Company (NIOC) raised the price for Iranian light crude to Northwest Europe by 90 cents from the previous month to $1.75 a barrel […]

TEHRAN- Iran’s exports of foodstuffs during the first half of the present Iranian calendar year (March 21- September 22, 2017) increased 12 percent in comparison with the same period in the year preceding, IRNA quoted the board chairman of Food Producers Cooperative as saying on Tuesday. According to Mehdi Karimi Tafreshi, Iran’s exports of foodstuff […]

TEHRAN- Iran’s exports of foodstuffs during the first half of the present Iranian calendar year (March 21- September 22, 2017) increased 12 percent in comparison with the same period in the year preceding, IRNA quoted the board chairman of Food Producers Cooperative as saying on Tuesday. According to Mehdi Karimi Tafreshi, Iran’s exports of foodstuff […]

TEHRAN – Iranian heavy crude oil price hit the record high $60.15 per barrel on Tuesday following the recent price surge in the oil market. The price rose by $2.45 per barrel or 4.2 percent to push Iranian crude price once again into the $60 range after two years. According to Reuters, oil prices surged […]