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Iran, India Settle Problems in Contract on Developing Chabahar Port: PMO Chief
The chief executive of Iran’s Ports and Maritime Organization (PMO) on Wednesday announced the settlement of the problems in a contract inked between Iran and India for developing the strategic Chabahar Port, saying that only a paragraph of…
Iran’s SAIPA to Export 120,000 Cars to Russia: CEO
The CEO of SAIPA Auto Making Company, Iran’s second-largest car manufacturing company, said a contract has been inked for exporting 120,000 passenger and commercial vehicles to Russia.
Mohammad Teymouri pointed to his visit to Russia’s car…
Iran’s Oil Output, Exports Surge in August Despite US Sanctions
ran’s oil production and exports jumped in August despite the US sanctions, according to consultants and companies that track tanker shipments.
Analysts said the higher exports appear to be the result of Iran’s success in evading US…
BRICS Expansion Will Strengthen OPEC+, Provide More Leverage: US Economist
The recently-announced BRICS expansion will strengthen the Organization of the Petroleum Exporting Countries Plus (OPEC+) and give BRICS nations more leverage in negotiations on the global stage, a US economist said on Friday.
"The BRICS…
OPEC Oil Output Rises in August as Iran Hits 2018 High: Report
OPEC oil output rose in August as Iranian supply rose to its highest since 2018, a Reuters survey found on Thursday, despite ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance to support the market.
The Organization…
Inauguration of SP Phases 11, 14 Outcome of Reliance on Iranian Experts: NIGC Chief
The inauguration of phases 11 and 14 of the South Pars gas field, promotion of energy diplomacy, and increase in gas and condensate exports despite the sanctions are indicative of the Oil Ministry’s reliance on Iranian experts and managers’…
Islamabad-Tehran-Istanbul Transport Corridor ‘Giant Leap in Boosting Regional Trade’
The chairman of the Pakistan-China Joint Chamber of Commerce & Industry (PCJCCI) said the Pakistan-Iran-Turkey Road Transport Corridor is a giant leap in regional trade.
China and Pakistan Economic Corridor (CPEC) and Belt and Road…
Iran World’s 8th Largest Steel Producer in H1 2023
Iran became the eighth largest steel supplier in the world in the first half of 2023 as the country kept increasing its output despite supply and price hike in international markets caused by the Ukraine War.
Figures from the World Steel…
Iran-China Trade Exchanges Exceed $8.5 Billion in 7 Months
The trade exchanges between Iran and China in the first seven months of the current year reached $8.540 billion, with China’s export of products to Iran accounting for $6 billion of it.
Iran and China exchanged $8.540 billion worth of…
Iran Exports €48 Million Pistachio to Europe in H1 of 2023
The Statistical Office of the European Union (Eurostat) said Iran exported €48 million worth of pistachio to the European Union in the first six months of 2023 (January-June), showing a 39 percent decline compared to same period of last…