TCCIMA calls for leveraging chambers’ co-op to boost Iran-Belarus economic ties

TEHRAN - Mojtaba Najafi Arab, the head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) and Dmitry Koltsov, the Belarusian ambassador to Iran, discussed avenues for expanding economic and trade relations during a meeting.

Iran, Azerbaijan expand trade ties, boost energy cooperation

TEHRAN – The 16th meeting of the Iran-Azerbaijan Joint Economic Committee commenced in Tehran on Tuesday, where Amin Taraffo, head of the International Affairs Center at Iran’s Transport and Urban Development Ministry, announced a significant boost in trade between the two countries.

NIDC completes drilling of 79 oil, gas wells in 10 months

TEHRAN – The Deputy Director of Drilling Operations at the National Iranian Drilling Company (NIDC) announced that 79 oil and gas wells have been drilled and completed across onshore and offshore regions of the country over the first 10 months of the current Iranian year (March 20-December 21, 2024).

Leader holds meeting with private sector representatives

TEHRAN – Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei held a meeting with private sector representatives at the Imam Khomeini Husseiniyeh on Wednesday, according to Mehr News Agency.

Leader visits “Pioneers of Progress” exhibition

'Using private sector capacities, only way for progress of country'

TEHRAN– Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei visited the “Pioneers of Progress" exhibition, showcasing the latest achievements and capabilities of the private sector, held on Tuesday, January 21, 2025, at the Imam Khomeini Hosseiniyeh.

Iran, China aim to bolster maritime economy, agricultural co-op

TEHRAN – Iran’s Agriculture Minister Gholamreza Nouri Ghezeljeh emphasized the potential for Iran and China to activate a maritime-based economy and foster collaboration in agriculture and food security, creating a vast market for domestic and international customers.

Thermal power plants' output reaches 300m MWh

TEHRAN - A senior official announced that this year, thermal power plants' electricity generation grew by 1.9 percent compared to the previous year, reaching 300 million megawatt-hours (MWh), while fuel consumption increased by just 0.7 percent.

Gas injection into national network hits new record high

TEHRAN – Iran has set a new daily record of 876 million cubic meters (mcm/d) in gas injection into the national grid, according to Saeid Tavakoli, Deputy Oil Minister and the head of the National Iranian Gas Company (NIGC).

Iran exports non-oil goods worth $1.4b to India in 9 months

TEHRAN – Iran exported non-oil commodities valued at $1.4 billion to India during the first nine months of the current Iranian calendar year (March 20-December 21, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.

Iran's non-oil exports to South Korea surge 180% in 2024

TEHRAN - According to a report by the Iran-South Korea Joint Chamber of Commerce, Iran's non-oil exports to South Korea surged by 180 percent in 2024, reaching $8.609 million.

Export of farmed caviar rises 112% in 9 months on year

TEHRAN – Naser Karami-Rad, Director-General of the Office for the Restoration and Conservation of Genetic Aquatic Resources at Iran's Fisheries Organization (IFO), announced a 112 percent increase in the country's official exports of farmed caviar during the first nine months of the current Iranian calendar year 1403 (March 20 – December 20, 2024), compared to the total exports of the previous year.

Tehran, Moscow reach agreements on rail, air, sea, and road transport

TEHRAN - Iran's Transport and Urban Development Minister outlined key agreements between the presidents of Iran and Russia, covering rail, air, sea, and road transport for both goods and passengers.

Iran strengthens role in Tajikistan’s water and energy projects

TEHRAN – Iran's Energy Minister announced plans to facilitate the export of Iran’s engineering and technical services to Tajikistan, emphasizing the active involvement of Iranian engineers in the country's water and power projects.

Iran-Russia monetary agreement implemented, bank networks connected

TEHRAN - The Governor of Central Bank of Iran (CBI), who accompanied Iran's president on a visit to Russia, announced the implementation of the Iran-Russia monetary agreement and the integration of the Mir and Shetab card payment networks.

Iran retains position as OPEC’s third-largest oil producer: report

TEHRAN – According to OPEC’s first report of 2025, Iran maintained its position as the organization’s third-largest oil producer in December 2024, with an average daily production of 3.314 million barrels.

High potential for trade expansion between Iran, Canada

TEHRAN – The head of the Iran-Canada Business Association emphasized the significant opportunities for expanding trade relations between the two countries, citing Iran's potential to export technical expertise to North America.

Iran opens trade center in Minsk

TEHRAN – Iran’s Trade Center in Minsk, Belarus, was inaugurated during a visit by Mohammad Atabak, Iran’s Minister of Industry, Mines, and Trade.

Iran-Russia trade reaches $1.9b in 9 months

TEHRAN - Iran’s Customs Administration (IRICA) has reported that non-oil trade between Iran and Russia reached 3.447 million tons of goods, valued at $1.902 billion, during the first nine months of the current Iranian year (March 20- December 20, 2024), IRIB reported.

High-level Iranian trade delegation visits Tajikistan to strengthen economic ties

TEHRAN - A high-ranking Iranian trade delegation, comprising members of Iran’s Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and led by Chamber Head Samad Hassanzadeh, departed Tehran for Dushanbe, the capital of Tajikistan, on Tuesday, January 14.

Iran’s 9-month non-oil export to UAE stands at $5.3b

TEHRAN – Iran exported non-oil commodities valued at $5.3 billion to the United Arab Emirates (UAE) during the first nine months of the current Iranian calendar year (March 20-December 21, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.

French company offers jet fuel to Iranian airlines

TEHRAN - The head of Iran's Civil Aviation Organization has announced that a French company is prepared to sell jet fuel to Iranian airlines, despite higher costs.

Industry minister to attend Iran-Belarus Joint Economic Committee meeting

TEHRAN - Iran's Minister of Industry, Mining and Trade Mohammad Atabak will lead an economic delegation to Minsk, Belarus, on January 15 to participate in the 17th Iran-Belarus Joint Economic Committee meeting.

Makran petrochemical hub receives €10 billion investment

TEHRAN - The head of Negin Makran Petrochemical Development Company announced that approximately €10 billion has been invested in the third petrochemical hub at Negin Makran in Chabahar. This investment aims to establish petrochemical complexes and complete the methane gas value chain, ensuring that raw petrochemical exports will cease upon completion of the hub’s phases.

Iran, Turkey pave the way for $30b in bilateral trade

TEHRAN - Hossein Pirmoazzen, deputy head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), announced the preparation of a memorandum of understanding (MOU) to establish a joint Iran-Turkey Chamber of Commerce and Industries following the visit of an Iranian trade delegation to Ankara.

70 companies partaking in Iran steel structures exhibition

TEHRAN - More than 70 domestic and foreign companies are showcasing their latest products, achievements, and services at the second International Exhibition of Steel Structures, Related Engineering Industries and Services (Iran Steel FAB).

Chinese ambassador highlights Khuzestan's unique potential in solar power production

TEHRAN – The Chinese Ambassador to Iran Cong Peiwu emphasized Khuzestan Province's unique potential in various sectors, including solar power generation, and its capacity to leverage renewable energy for electricity production.