TEHRAN - According to the latest report from the World Steel Association, released just hours ago, Iran's crude steel production in January 2025 (December 23, 2024, to February 11, 2025) dropped by 24.1% to 2.2 million tons. Despite this significant decline, Iran remains the world’s tenth-largest steel producer.

TEHRAN - Minister of Communications and Information Technology, Seyed Sattar Hashemi, affirmed Iran’s willingness to elevate bilateral cooperation with Serbia to a strategic level during an official meeting with Serbian President Aleksandar Vučić on Thursday. The meeting took place on the third day of Hashemi’s official visit to Serbia, as reported by Iran’s Ministry of Communications and Information Technology.

TEHRAN - Mahmoud Najafi Arab, President of the Tehran Chamber of Commerce, has hailed the Ministry of Economy’s efforts to secure bank guarantees for an Iranian company operating in Iraq as a significant step forward. He emphasized that Iran could further resolve guarantee issues by leveraging its deposits in countries like Iraq and Qatar, unlocking new opportunities for Iranian firms abroad.

TEHRAN - In a bid to bolster economic ties, Samad Hassanzadeh, President of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), has called for the operationalization of the preferential trade agreement between Iran and Bosnia and Herzegovina.

TEHRAN - The Carpet, Art, and Handicrafts Commission of the Iran Chamber of Commerce recently convened to explore avenues of collaboration between Iran and Japan amidst ongoing sanctions. The meeting emphasized cultural, educational, and environmental initiatives as key areas of focus to strengthen ties between the two nations.

TEHRAN - Judiciary Chief, Hojatoleslam Gholamhossein Mohseni Ejei, emphasized the vital role of tourism in strengthening the country’s economy and creating sustainable employment during a speech at the closing ceremony of the 9th Fajr International Handicrafts Festival (Silver Cypress) on Monday evening. Speaking to attendees, he urged authorities to maximize the potential of the tourism industry to increase foreign currency reserves.

TEHRAN - The CEO of the National Iranian Oil Company (NIOC), Hamid Bord, announced an ambitious plan to increase oil production by 400,000 barrels per day by September 2025. Speaking at the third PetroTech Conference, Bord urged knowledge-based companies to contribute to enhanced oil recovery projects, emphasizing the integration of modern technology into the oil and gas sector.

TEHRAN - The head of Iran’s Mines and Mining Industries Development and Renovation Organization (IMIDRO), Mohammad Aghajanlou, announced the formation of a joint committee between Iran and Russia to implement a cooperation agreement on mining and mineral industries. The committee will include representatives from Iran’s Ministry of Industry, Mine and Trade, IMIDRO, the Geological Survey and Mineral Exploration Organization of Iran, as well as Russia’s Zarubezhgeologia company.

TEHRAN - In a significant milestone for Iran’s oil industry, the CEO of the Pars Oil and Gas Company, Touraj Dehghani, announced that the Gureh-Jask crude oil pipeline project has enabled Iran to export oil without relying on the strategic Strait of Hormuz. Speaking at the third PetroTech conference on Sunday, Dehghani highlighted the project’s technological achievements and its potential as a benchmark for future endeavors.

TEHRAN - The CEO of the Pars Special Economic Zone has announced that gas condensate exports will be halted for the next two years as part of a broader effort to reduce gas flaring and increase domestic processing capacity.