TEHRAN - Iran’s Deputy Oil Minister and Managing Director of the National Petrochemical Company, Hassan Abbaszadeh, said that the plastic crisis is a global responsibility, but its burden must be shared in proportion to each country’s contribution and technological capabilities.

TEHRAN - The second International Conference on Cooperative Economics was held in Tehran with the participation of senior government officials, international organizations, and foreign ambassadors. The event highlighted the pivotal role of cooperatives in driving social and economic justice, sustainable development, and environmental protection.

TEHRAN - The managing director of Iran’s National Petrochemical Company (NPC) announced that in the first year of the 14th government, the country produced 32 million tons of petrochemical products. Of this total, 13 million tons worth $5.5 billion were exported, while 7 million tons valued at $4 billion were sold in the domestic market.

TEHRAN - Energy Minister, Abbas Aliabadi, told parliament that the country’s most pressing challenge in the water and electricity sectors is fundamentally economic. Addressing lawmakers during an open session of the Majles, he said structural financial imbalances have prevented timely payments to contractors and investors, discouraged new capital formation, and fueled inefficient growth in consumption.

TEHRAN - The head of the Iran-China Chamber of Commerce has dismissed reports that Iranian oil revenues are blocked in China, stressing that trade between the two countries continues to grow despite U.S. sanctions.

The administration launched dozens of infrastructure, industrial, educational, and service projects across the country.

TEHRAN - Iran recorded exports worth $16.55 billion during the first four months of the current Iranian year, according to official figures released by the Trade Promotion Organization of Iran (TPO). Although export volumes grew slightly compared with the same period last year, the overall value of exports fell by more than five percent, highlighting ongoing challenges in the country’s foreign trade sector.

TEHRAN - Minister of Agriculture Jihad, Gholamreza Nouri, announced that around 60 percent of the country’s food requirements are currently being produced domestically through the efforts of farmers, producers, agricultural stakeholders, and nomadic communities. The remainder, he said, is supplied through imports and trade.

TEHRAN - The Iranian Steel Producers Association and the Uzbekistan Metallurgy Association have signed a memorandum of understanding (MoU) to expand cooperation in the iron and steel industry.

TEHRAN - President Masoud Pezeshkian, emphasizing the vital role of industrialists as the pioneers of sustainable development and economic security, underscored the necessity of institutional cooperation to confront energy challenges and provide comprehensive support for industrial actors. He declared that addressing the energy problems of industries remains the government’s foremost priority.