Asian markets mostly fell after a recent rally as investors cashed in while also looking ahead to key central bank meetings that could provide some idea about monetary policy in the new year. Wall Street provided yet another record-breaking lead as the selling that hit equities at the start of the month abates, while energy […]

TEHRAN – Iraqi Oil Minister Jabar al-Luaibi said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year. “This is an agreement for one year and then we will see after that whether […]

TEHRAN – Industrial Development and Renovation Organization of Iran (IDRO) and the Turkey’s ÇUTAŞ Co. signed a Memorandum of Understanding on environmental issues and urban waste management. Fardad Daliri, Deputy head of IDRO Group for the development of advanced industries and energy megaprojects, attended the signing ceremony for the said Memorandum of Understanding on waste […]

CEO of Iran Shipping Lines Group said Sun. that the implementation of JCPOA has made it possible for 90% of Iranian vessels to sail under Iran’s flag. Speaking to reporters on Sunday, Mohammad Saeidi, the managing director of Islamic Republic of Iran Shipping Lines, complained about the existing banking restrictions but stressed that foreign banks have shown a strong […]

An official at Ministry of Industry, Mine and Trade said Iran had exported 5.789 million tons of metallurgical products in the first seven months of the current Iranian calendar year (began March 21). Mikaeil Azimi, Director General of Mining Industries Affairs Office at the Iranian Ministry of Industry, Mine and Trade, made the remarks adding […]

Food and Agriculture Organization of the United Nations (FAO) in collaboration with the Iranian Agriculture Ministry marked the World Soil Day 2017 in Tehran. Food and Agriculture Organization of the United Nations (FAO) in collaboration with the Iranian Ministry of Agriculture marked today (Sunday, December 10) World Soil Day 2017 in Tehran to highlight this […]

TEHRAN – Iran and Iraq have signed a deal to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil. Based on the agreement signed on Friday by the two OPEC countries Iran will deliver its crude to Iraq’s southern ports, on the Persian Gulf, the […]

TEHRAN – Iran and Iraq have signed an agreement whereby the two neighboring countries would swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil, Iraqi Oil Minister Jabar al-Luaibi said. According to the terms of the agreement, Iran would deliver “oil of the same characteristics […]

TEHRAN – Iran’s trade balance registered a $29 billion surplus in 2016, Tasnim reported on Friday citing the “2017 handbook of statistics” report published by the United Nations Conference on Trade and Development (UNCTAD). According to the report, the country’s total foreign trade stood at $109 billion, of which $69 billion was related to exports. […]

TEHRAN- Iran and Serbia discussed expansion of relations in energy and trade sectors, IRIB reported on Saturday. During his one-day visit to Belgrade, Mojtaba Khosrotaj, head of Iran’s Trade Promotion Organization (TPO), held meetings with Serbian Minister of Mining and Energy Aleksandar Antic, State Secretary of Ministry of Agriculture, Forestry and Water Economy of Republic […]