Islamic Republic of Iran will mend and drill Iraqi oil wells in Basra and Zubayr regions. A Memorandum of Understanding (MoU) was inked between National Iranian Drilling Company (NIDC) and Iraqi Osool Al Ayan Company with the aim of drilling and repairing oil wells in Iraq’s southern regions of Basra and Zubayr. Deputy CEO of […]

Vice Chairman of Sulaymaniyah Governorate Chamber of Commerce said that US anti-Iran move will have no effect on the economic ties between Iran and Iraqi Kurdistan region. Trade and business ties between Iran and Kurdistan of Iraq continued despite US imposition of sanctions against Iran, so that bilateral relationship has experienced an ascending trend in […]

 Iran has exported 20,917,000 tons of mineral products, valued at some $3.763 billion, in the first fourth month of current [Iranian calendar] year 1397 (March 21 – July 22). According to a report published by Islamic Republic of Iran Customs Administration (IRICA), Iraq, China and United Arab Emirates (UAE) had a total of 40 percent […]

Turkey’s President Recep Tayyip Erdoğan said Sat. that Turkey was preparing to trade with its top trade partners like China, Russia, Iran and Ukraine and even European countries in local currencies instead of the US dollar. According to Turkey’s Daily Sabah English website, the Turkish president made the remarks while addressing the ruling Justice and […]

 Foreign trade statistics in the first three months of the current Iranian year (March 21-June 21) shows that Islamic Republic of Iran conducted more than $3.1 billion trade exchanges with 11 European countries, accounting for 27.6 percent share of country’s total foreign trade volume. Statistical tables of the Islamic Republic of Iran Customs Administration (IRICA) […]

A Director from Ukraine’s the International Chamber of Commerce ICC said that Ukraine has had about $ 550 million worth of exports to Iran between 2011 and 2017. The barriers to increasing exports and imports between the two countries [of Iran and Ukraine] should be removed,” said an officail from Ukraine’s International Chamber of Commerce (ICC) […]

Beijing consistently opposes policies of unilateral sanctions and intends to continue its trade cooperation with Iran under its international commitments, the Chinese Commerce Ministry said on Thursday. “Iran continues to be China’s important trade partner in Asia. The two countries maintain regular trade relations. In 2017, bilateral trade grew by 19 percent in comparison to 2016 and amounted to $37.1 […]

 Andrey Kortunov, the Director General of RIAC, believes that JCPOA member states should increase trade and economy ties with Iran to preserve the deal. “The countries remaining in the JCPOA have a lot of options to protect the agreement,” said Andrey Kortunov, the Director General of the Russian International Affairs Council (RIAC). The Russian expert […]

The Turkey’s Foreign Minister Mevlüt Çavuşoğlu has said that Turkey will keep its trade relations with Iran despite US pressures. Mevlüt Çavuşoğlu made the remarks in an interview with the Turkish new channel NTV, saying that Turkey will only follow United Nations’ resolutions. In a clear reference to the United States, Çavuşoğlu said that Turkey will […]

TEHRAN- Iran’s non-oil trade with other countries registered a $942 million positive balance in the two-month period from March 21 to May 21. As reported, the country exported $7.739 billion of non-oil products and imported $6.797 billion of non-oil goods during the mentioned period of time. Non-oil exports indicated 22-percent growth and non-oil imports showed […]