Saturday, 22 March , 2025
  • Iran to Expand Shipping Lines to West and Southwest Africa 17 Mar 2025

    Iran to Expand Shipping Lines to West and Southwest Africa

    TEHRAN - Iran is set to bolster its maritime trade links with West and Southwest Africa, following a decision by the Africa Committee chaired by the First Vice President, according to Mohammadreza Safari, Acting Director General for Africa at Iran’s Trade Promotion Organization (TPO). This move aims to enhance Iran’s economic footprint on the continent, building on existing shipping routes and trade relationships.

Emphasis on Achieving 10m Tons of Transit Through the North-South Corridor 05 Jan 2025

Emphasis on Achieving 10m Tons of Transit Through the North-South Corridor

TEHRAN - A joint video conference was held on Saturday between Farzaneh Sadegh, Iran’s Minister of Roads and Urban Development, and Roman Starovoyt, Russia's Minister of Transport. The meeting aimed to discuss the memorandum of understanding for the construction of the Rasht-Astara railway and to enhance transport cooperation within the framework of the North-South Corridor.

Iran private sector operates 1st oil dock in South Pars 04 Jan 2025

Iran private sector operates 1st oil dock in South Pars

The first oil dock built by the Iranian private sector has become operational in Kangan located in the southern province of Bushehr.

Gasoline Production to Reach 130m Liters Per Day 04 Jan 2025

Gasoline Production to Reach 130m Liters Per Day

TEHRAN - The Deputy Minister of Oil announced an upcoming 1,000-kilometer expansion of crude oil and oil product pipelines across the country. By the end of this year, the total pipeline length will increase from 14,000 kilometers to 15,000 kilometers.

Uzbekistan-Iran Trade Reaches $500 Million 04 Jan 2025

Uzbekistan-Iran Trade Reaches $500 Million

TEHRAN - In a meeting with the Governor of Mazandaran, Uzbek Ambassador Fariduddin Nasriyev emphasized the potential for strengthening trade relations between Mazandaran Province and Uzbekistan.

No Exports of Technical and Engineering Services to Syria 01 Jan 2025

No Exports of Technical and Engineering Services to Syria

TEHRAN - Ali Naqavi, head of the Technical and Engineering Services Commission at the Iran Chamber of Commerce, detailed the latest developments in Iran’s export of technical and engineering services. He emphasized that despite the country’s significant potential in this sector, actual exports fall drastically short.

Iran-Pakistan Trade Opportunities Discussed 01 Jan 2025

Iran-Pakistan Trade Opportunities Discussed

TEHRAN - The Head of Iran’s Trade Promotion Organization (TPO), alongside senior officials, emphasized strengthening trade ties with Pakistan during a meeting focused on export opportunities in sectors such as oil, gas, petrochemicals, polymers, and plastics.

Iran to reassess FATF bill at Expediency Council, says Pezeshkian 01 Jan 2025

Iran to reassess FATF bill at Expediency Council, says Pezeshkian

Iranian authorities will once again review the Financial Action Task Force (FATF) bill at the Expediency Council, President Masoud Pezeshkian announced in response to concerns raised by members of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) regarding obstacles for economic actors.

Opportunity for 2.5-Fold Growth in Trade with the Eurasian Union 31 Dec 2024

Opportunity for 2.5-Fold Growth in Trade with the Eurasian Union

TEHRAN - The head of Iran’s Trade Promotion Organization (TPO), Mohammad Ali Dehghan Dehnavi, announced that a preferential trade agreement between Iran and the Eurasian Economic Union (EAEU) over the past five years has paved the way for a 2.5-fold increase in trade with member countries.

Iran appoints new representative to OPEC 31 Dec 2024

Iran appoints new representative to OPEC

Iranian Oil Minister Mohsen Paknejad has appointed Ali Mohammad Mousavi as Iran’s governor to the Organization of the Petroleum Exporting Countries (OPEC).

$80b Expected to Be Transacted  in Commercial Currency Market 31 Dec 2024

$80b Expected to Be Transacted in Commercial Currency Market

TEHRAN - The Governor of the Central Bank of Iran announced that transitioning all official foreign exchange needs to the commercial currency market is feasible. He estimated that with the launch of the commercial forex system, nearly $70 to $80 billion in transactions could take place in this market annually.