TEHRAN – The National Iranian Oil Company (NIOC) and Russia’s energy giant Lukoil have signed two Memoranda of Understanding (MoUs) in the field of geological prospecting, an oil industry source said. “At the beginning of the visit of Iranian Oil Minister Bijan Zanganeh to Russia, a Memorandum of Understanding was signed between the National Iranian […]

Iran and China have reached initial agreement for dispatch of six freight trains linking Yinchuan, capital of northwest China’s Ningxia Hui Autonomous Region and Iran’s capital Tehran, by end of 2017. Director of Transportation Department at the Islamic Republic of Iran Railways Ebrahim Mohammadi made the announcement on Thu. in a ceremony marking the arrival […]

Iran’s Oil Minister Bijan Namdar Zanganeh flied to Moscow on Tuesday to attend the 19th Ministerial Meeting of the Gas Exporting Countries Forum (GECF). Due on October 4, the Gas Exporting Countries Forum (GECF) is an international governmental organization which provides the framework for exchanging experience and information among Member Countries. GECF is a gathering of the world’s leading […]

Iran’s nuclear deal, officially called the Joint Comprehensive Plan of Action (JCPOA), opened gateways for European countries to boost their trade ties with Iran finding a share in its untouched lucrative market. Being implemented in mid-January 2016, JCPOA made European countries race to front of queue to enter various economic sectors in Iran. Among them […]

TEHRAN – Vietnam intends to export rice and shrimp to Iran, and has voiced readiness to purchase fish powder, bone powder and meat from Iran. According to the Ministry of Agriculture, Iran’s Deputy Agriculture Minister Hassan Salehi met with the head of Iran-Vietnam Trade Council to discuss the ways to expand bilateral trade cooperation in […]

TEHRAN – Polish chemical Company Ciech Group has started importing and distributing Iranian polyolefin to the European markets. According to the company, three Iranian petrochemical producers, namely Jam Petrochemical Company (JPC), Jam Polypropylene Company (JPPC), and Persian Gulf Petrochemical Industry Commercial Company (PGPICC) will supply polyethylene (PE) and polypropylene (PP) to Ciech Group. “We want […]

TEHRAN – Iranian crude oil production increased by 20,000 barrels per day (bpd) in September from its previous month. According to the latest data released by Reuters, exempted from the OPEC, non-OPEC curbs, Iran has increased its crude output to 3.81 million bpd in September from 3.79 million bpd in August. The country has increased […]

Iranian and Azeri officials in a meeting in the Azerbaijan capital discussed the issues pertaining to transportation of commodities and passengers between the two neighboring nations. Head of transit and international transportation of Iran Road Maintenance and Transportation Organization Reza Nafisi and his Azeri counterpart Habib Hassanov met in Baku on Friday and examined the […]

TEHRAN  – Iran’s Minister of Communication and Information Technology Mohammad Javad Azari Jahromi and his South African counterpart agreed to promote cooperation between the two countries in the area of information communication technology (ICT). In a meeting held on the sidelines of ITU Telecom World 2017, taking place in Busan, South Korea, Azari Jahromi and […]

TEHRAN- Head of Compañía Española de Seguros de Crédito a la Exportación (CESCE), translated in English as the Spanish Export Credit Insurance Company, Jaime García-Legaz announced that his company has no restrictions to cooperate with Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) quoted him as saying on Monday. In […]