TEHRAN – South Korea’s imports of Iranian crude oil rose by 40.2 percent in August compared to the same period last year, a report said. South Korea brought in 1.55 million tons of Iranian crude last month, or 365,641 barrels per day (bpd), compared with 1.1 million tons in the same month in 2016, customs […]

TEHRAN – An Iranian petrochemical complex plans to export near 8,000 million tons of polyethylene to Southeast Asia on a monthly basis in 2018, Platts reported quoting a director of the complex. According to Amir Kabir Petrochemical Company (AKPC)’s Sales and Marketing Manager Diako Abbasi, the company aims to ship 5,000-8,000 mt/month of polyethylene to […]

BAKU – Azerbaijan’s Azermash and Iran’s Iran Khodro companies are discussing the possibility of supplying the cars to be produced by the Azerbaijani-Iranian automobile plant to Ukraine, Russia and Central Asia, Emin Akhundov, founder of Azermash company, told Trend. Iran Khodro and Azerbaijan’s AzEuroCar LLC (a subsidiary of Azermash) signed an agreement on the establishment […]

TEHRAN – Iran Oil Minister Bijan Zangeneh said Tehran and Caracas are ready for carrying out any measure aimed at stabilizing global oil markets. Speaking following a meeting with his Venezuelan counterpart Eulogio Del Pino in his Tehran office on Wednesday, Zangeneh said enhancing mutual energy ties and discussion over current oil market conditions were […]

TEHRAN – China’s CITIC Trust will extend $10 billion credit line for supporting projects in Iran, based on an agreement signed between the company and five Iranian banks at CITIC Group headquarters in Beijing on Thursday. Export Development Bank of Iran, Bank of Industry and Mine, Parsian Bank, Bank Pasargad Iran and Refah Bank are […]

NEW DELHI – India imported 335,400 barrels per day (bpd) oil from Iran in August, the lowest level since February 2016, posting a fall of about 42 percent from a year ago, according to ship tracking data obtained from industry sources and data compiled by Thomson Reuters Oil Research & Forecasts. August imports from Iran […]

The echoes of Western sanctions on Iran still ruffle feathers, with the country’s poultry and livestock being the latest to bear the brunt of US threats. According to media reports on Wednesday, state-owned animal feed importer State Livestock Affairs Logistics (SLAL) has made no purchases after putting out international tenders for barley and corn. SLAL […]

American companies are in Iran on a sweet mission, exploring taste buds of a nation with a history in sugar confectionery even though things are getting bitter diplomatically between the two countries. Along with companies from 26 countries, three American firms are taking part at Tehran Cookies and Chocolate Exhibition, being billed as the greatest […]

TEHRAN – Iran has signed a number of agreements with Syria to reconstruct power plants and electricity transmission lines in the war-torn neighboring country, the caretaker of the Iranian energy ministry Sattar Mahmoodi said on Tuesday. The Syrian government signed a contract to import Iranian power plants for the city of Aleppo, Syrian state news […]

TEHRAN– Iran’s oil and condensate exports to Europe rose in August, with demand from Italy, France, the Netherlands and Greece all up, a report said. Iranian oil flows to Europe rebounded sharply last month, with 835,742 b/d sailing to the region, a rise of almost 200,000 b/d month on month, Platts reported. Turkey also remains […]