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 […]

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 – The Iranian health minister has urged the private sector to boost participation in development of the country’s medical tourism sector. “The Ministry of Health supports [such a] medical tourism sector that is directed by the private sector based on competitive prices,” Hassan Qazizadeh-Hashemi said in an address to a medical tourism conference held […]

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  – Iran plans to start the construction phase of five major power plant projects in the country’s southwestern province of Khuzesan this Iranian year (ends on March 20, 2018), Energy Minister Reza Ardakanian said. Speaking to IRIB, the energy minister said that these projects would produce 3,600 megawatts (MW) of energy. At present, the […]

TEHRAN- The International Monetary Fund (IMF) in its latest World Economic Outlook predicted that Iran’s gross domestic product (GDP) will rise $23.3 billion to $427.7 billion in 2017. The report also forecasted a 3.7-percent non-oil GDP growth for the country in 2017, rising from 3.3 percent in 2016, with no change in 2018. IMF’s forecast […]