Iranian, Croatian banks seek to ease transactions

TERHAN- An Iranian banking delegation visiting Croatia investigated removal of banking impediments between the two countries to ease mutual trade with their Croatian counterparts, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Wednesday.

Iran’s oil revenue surpasses $23b since March

TEHRAN – Iran’s oil revenues from crude oil and gas condensate exports exceeded $23 billion since the beginning of current Iranian calendar year (March 21, 2017), IRIB news reported on Wednesday.

French companies planning long-time co-op on projects in Iran

TEHRAN- Yve-Thibault de-Silguy, the vice President of France’s largest employer federation MEDEF, announced that besides trade transactions, French companies are planning constant cooperation with Iranians in Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Tuesday.

By Mahnaz Abdi

Foreign finance a post-sanction necessity?

The implementation of Iran’s nuclear deal in January 2016 lifted a majority of sanctions against the country. Among the most important removed sanctions were those on the Central Bank of Iran (CBI), the oil industry, shipping lines and commercial aviation industry.

Iran, Russia set to boost transport, energy ties

TEHRAN – The Industrial Development and Renovation Organization of Iran (IDRO) and Russian Trade and Economic Development Council (RTEDC) signed an agreement in Tehran on Tuesday to expand cooperation in rail, oil and gas, renewable energies, and auto industries.

PwC to help Iranian companies invest in other countries

TEHRAN- PricewaterhouseCoopers’ (PwC) Auditor and Tax Consultant Jens Rönnberg, in a meeting at Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) on Monday, announced that the multinational professional services network is ready to support Iranian companies to invest in different countries, TCCIMA Public Relations Department announced.

By Mahnaz Abdi

Iran Plast foreign exhibitors’ participation up 21%

TEHRAN- The number of foreign exhibitors has increased 21 percent in the 11th International Exhibition of Plastics, Rubber, Machinery and Equipment of Iran (Iran Plast 2017) from the previous edition of the event, Iran’s National Petrochemical Company (NPC) Managing Director Marziyeh Shahdaei announced in a press conference on Monday.

Oil Ministry announces priorities

TEHRAN – Developing joint oil and gas fields while paying especial attention to environmental protection are among the main priorities of the Iranian Oil Ministry for the next four years.

Several credit lines expected to be opened for Iran soon: CBI governor

TEHRAN - Central Bank of Iran (CBI) President Valiollah Seif said that Iran expects several credit lines to be opened for the country in near future, IRNA reported on Sunday.

Ukrainian president, PM back expansion of ties with Iran

TEHRAN- "Ukraine’s president, prime minister, and minister of energy back development of bonds with Iran," the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) quoted the eastern European country’s Deputy Minister of Energy and the Coal Industry Galina Karp as saying on Friday.

Iran-Bulgaria business forum slated for early Oct.

TEHRAN – An Iran-Bulgaria business forum is scheduled to be held at Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)’s building in Tehran on October 3, ICCIMA portal reported.

French trade delegation to visit Iran on Sept. 19

TEHRAN – A high-ranking French trade delegation is due to visit Tehran on September 19 to explore avenues of mutual cooperation.

Foreign debt surpassed $9b: CBI

TEHRAN – The latest report published by the Central Bank of Iran (CBI) puts the country’s foreign debt at $9.12 billion by end of the fourth month of the Iranian calendar year, Tir (July 22, 2017).

Iran secures $10 billion Chinese funding

TEHRAN- China’s CITIC Trust signed a 10-billion-dollar deal with five Iranian banks on Thursday to fund development and production projects in Iran, the official website of Central Bank of Iran (CBI) reported.

Plane purchase deals unfazed by Congress vote, Iran says

TEHRAN - The recent voting of the U.S. Congress to block sales of commercial aircraft to Iran will have no effect on the plane purchase deals already signed by Iran and international companies, head of the Civil Aviation Organization of Iran Ali Abedzadeh said on Friday.

Iran’s August oil output at 3.828m bpd: OPEC

TEHRAN- According to OPEC’s latest monthly report published on September 12, oil production in Iran stood at 3.828 million barrels per day (bpd) in August, falling 5,000 bpd from 3.833 million bpd in July, based on secondary sources.

Iranian, Ukrainian chambers of commerce sign co-op MOU

TEHRAN- Ukrainian Chamber of Commerce & Industry (UCCI) and Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) signed a cooperation MOU during an Iran-Ukraine business forum in Ukraine, the portal of ICCIMA reported on Monday.

Brazilian market open to high-quality Iranian products

TEHRAN - Brazilian Deputy Minister of Agriculture, Livestock and Food Supply Eumar Novacki said his country’s market welcomes high quality Iranian products, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)’s portal reported.

Iran signs deals to reconstruct power lines in Syria 

TEHRAN - Iran has signed a number of agreements with Syria to reconstruct power plants and electricity transmission lines in the war-torn neighboring country, the caretaker of the Iranian energy ministry Sattar Mahmoodi said on Tuesday.

Afghanistan seeks speedy development of Iranian port

Afghanistan's foreign minister asks India to expedite development of a strategic port in Iran to bolster a trade route for land-locked Central Asian countries that would bypass Pakistan.

Iran sells crude oil at $50.93 per barrel in a week

TEHRAN- Iran sold its light crude oil at $50.93 per barrel in the week ended on September 1, with seven cents decrease from its previous week, IRNA reported on Saturday.

Britain thinking of Iran’s market after Brexit: Iranian envoy

TEHRAN- In a meeting with Chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafeie, Iran’s Ambassador to London Hamid Baeidinejad said that since Britain is due to leave the EU, it is looking for new markets including Iran’s lucrative one.

Annual dairy output to exceed 10m tons by Mar. 2018

TEHRAN- Iran’s annual dairy production is anticipated to reach over 10 million tons in the current Iranian calendar year (which ends on March 20, 2018), ISNA reported on Sunday quoting Deputy Agriculture Minister Hassan Rokni as saying.

By Mahnaz Abdi

Iran’s first data vending agreement signed with Inforex

TEHRAN- The first ever data vending deal in the Iranian capital market was signed between Iran Financial Center (IFC) and Greece’s Inforex S.A. data vendor company on Sunday.

Iran to increase oil output to 4.5m bpd within 5 years

TEHRAN - Iran is planning to increase its oil production to 4.5 million barrels per day (bpd) within five years, Shana reported quoting National Iranian Oil Company (NIOC) Managing Director Ali Kardor as saying on Sunday.

Iranian, Venezuelan private sectors investigate further economic co-op

TEHRAN- Representatives from Iranian and Venezuelan private companies and firms studies avenues of boosting mutual economic and trade cooperation in Venezuela on Thursday.

Imports from U.S. drops 51% in 7 months: ASA

TEHRAN- Iran’s imports from the United States dropped 51 percent during the first seven months of 2017 and reached $48.1 million, compared to the same period in the preceding year.

Iran’s gas export up 64% in 5 months yr/yr

TEHRAN- Iran exported over five billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), a 64 percent rise from 3.2 bcm in the same period of time last year, according to a gas official.

Economic growth touches 7% in 3 months yr/yr

TEHRAN- According to the latest data released by Statistical Center of Iran (SCI), the country’s economic growth was seven percent, including oil revenues, for the first three months of the current Iranian calendar year (March 21-June 21, 2017).

By Mahnaz Abdi

Iran's 1st flare gas recovery deal inked with France

TEHRAN- The National Iranian Oil Company (NIOC) signed the first deal on flare gas recovery and utilization with a consortium comprising France’s Sofregaz Company and Iran’s Sanat Sazeh Samin Company in Tehran on Wednesday.