The head of Iran’s Planning and Budget Organization (PBO) has said 40 percent of the oil revenues earned in the current Iranian calendar year (started on March 21) will be injected into the country’s National Development Fund (NDF).

Iranian Oil Minister Javad Oji has said 13 petrochemical industry parks are going to be constructed in the country which will create job opportunities for over 20,000 people, Shana reported.

Chairman of the Iran-Japan Joint Trade Committee says without any doubt reforming relations with Japan will help the trade ties between the two countries to broaden but at the current condition, there is no chance for direct import of cars from Japan.

In a webinar held by Islamic Chamber Research and Information Center (ICRIC) of Iran and Institute for Africa and Middle East Studies (IAMES) of Vietnam, both sides decided to sign a MoU on starting joint cooperation in the field of halal products.

Iran has expressed its readiness to allocate land in the Bandar Abbas port for the Kazakh terminal, which would facilitate the trade and transport of grain.

The CEO of National Petrochemical Company (NPC) says the average speed of development of petrochemical industry is doubled in every 20 years in the world but Iran wants to double it in 12 years and to produce 200m tons of products per year due to the efforts of domestic experts and blessing of the sanctions.

Abbas Khatibi, Deputy Head of Construction and Development of Transportation Infrastructure Company, affiliated with the Ministry of Roads and Urban Development, says Azerbaijan has withdrawn financing the Astara-Rasht railway and now Iran seeks getting financial sources from Russians.

Visiting Deputy Prime Minister, Minister of Trade and Integration of Kazakhstan Serik Zhumangarin on Tuesday met with Iran’s Agriculture Minister Seyed Javad Sadatinejad and during the meeting both sides called for enhancing bilateral trade and increasing it to $3b.

Chairman of Iran-China Joint Chamber of Commerce Majid Reza Hariri says 92% of Iran’s exports which are exported to China are oil products that that the government sector pursues it and the remaining 8% is carried out by the private sector and they are goods like carpet, dried fruits, saffron and handicrafts.

Trade between Iran and the Economic Cooperation Organization’s member states exceeded 10.67 million tons during the current fiscal year’s first six months.