TEHRAN – Iranian 1st Vice-President Es’hagh Jahanigiri said on Sat. that the country needs the experiences of other countries across the world if it wants to improve its economic conditions. Speaking at the second Iran’s Economy Conference currently underway in Tehran, Es’hagh Jahanigiri said that “whenever the enemies of the Iranian nation want to threaten Iran, […]

The economies of Iran and China complement each other, Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari said, stressing that the target of an average annual trade of $60 billion is within reach. In a meeting with chairman of China’s private sector chamber of commerce in Tehran on Wednesday, Shariatmadari stressed the need for […]

TEHRAN- Iran exported $495.827 million worth of pistachio during the first eight months of the current Iranian calendar year (March 20-November 21), Tasnim reported on Monday citing customs 8-month data. The country’s weight of exported pistachio stood at 59,744 tons during the mentioned time span, indicating an 18 percent fall from the figure of last […]

TEHRAN – The average daily production of gasoline in Iran during the first eight months of the current Iranian calendar year (March 21- November 21) reached 74.4 million liters to register an eight-percent rise compared to last year’s eight month output. The country’s refineries produced 68.8 million liters per day of gasoline during last year’s […]

TEHRAN – Iran’s nominal capacity to produce electricity has reached about 78,000 megawatts (MW) following the connection of a number of power plants to the country’s national grid over the past two weeks. The country’s overall nominal capacity to generate electricity has increased by 381 MW over the past two weeks, reaching 77,987 MW. During […]

TEHRAN – The first phase of Shahid Beheshti Port in Chabahar, southeastern Iran, will be inaugurated by early December with an estimated investment of $1 billion. Mohammad Rastad, managing director of Ports and Maritime Organization (PMO), announced that the inauguration ceremony will be attended by President Hassan Rouhani, top officials from 27 countries, as well […]

Energy scholar at the Middle East Institute, Rauf Mammadov believe Global economy will benefit from economic integration of Iran, Russia and Azerbaijan in the important region located on crossroads of China’s One Road, One Belt Policy. Tripartite meeting of the Iran, Russia and the Republic of Azerbaijan’s leaders was held in Tehran on Nov 2. […]

TEHRAN – Austrian ambassador in Tehran expressed his country’s willingness for increasing the volume of trade with Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Wednesday. Stefan Scholz made the remarks in a meeting with Gholam-Hossein Shafeie, head of ICCIMA in Tehran. In the meeting, Shafeie mentioned Iran […]

TEHRAN- Iranian businessmen are exploring expansion of trade and exports opportunities in Philippines, Malaya Business Insight reported on Monday. Oil, fertilizer, coal, and cement are the fields of interest. The governments of Iran and the Philippines are exploring the possibility of sourcing crude oil from the former which would be refined in a third country […]

TEHRAN – The price of Iran’s light crude oil in the week ended on November 3 rose $2.59 to stand at $60.04 per barrel, IRIB reported on Sunday. The country’s light oil price was reported $50.39 on average since the beginning of 2017 until November 3. According to the report, Iran sold its heavy crude […]