Tehran, Havana confer on expanding economic ties

TEHRAN – Iranian Finance and Economic Affairs Minister Ehsan Khandouzi held a meeting with Cuba’s Deputy Prime Minister Ricardo Cabrisas Ruiz in Tehran on Tuesday, during which the officials stressed the expansion of economic ties between the two countries.

Afghanistan calls on Iranian firms to develop its mines

TEHRAN – Deputy Industry Mining and Trade Minister Reza Mohtashami-Pour, who traveled to Afghanistan for a two-day visit, said Afghan officials have called on Iranian mining companies to develop the country’s mines.

Iran ready to swap Turkmenistan’s gas to Armenia

TEHRAN – Iranian Oil Minister Javad Oji has expressed the country’s readiness for swapping Turkmenistan’s natural gas to Armenia, Shana reported.

By Mahnaz Abdi

ICOFC to recover 1.5mcf of flare gases per day based on a 4-year plan

TEHRAN- Iranian Central Oil Fields Company (ICOFC) is implementing a major zero-flare project, based on which the company will recover 1.5 million cubic feet (mcf) of flare gases per day based on a four-year plan by the end of the Iranian calendar year 1404 (March 2026), the managing director of the company announced.

By Mahnaz Abdi

Iran’s annual petchem export stands at over $15b

TEHRAN- Iran exported petrochemical products valued at more than $15 billion in the past Iranian calendar year 1400 (ended on March 20), the managing director of National Petrochemical Company (NPC) announced.

TPO dispatches trade delegation to Muscat

TEHRAN - Iranian Trade Promotion Organization (TPO), in collaboration with the Iran-Oman Joint Chamber of Commerce, has sent a trade delegation to Oman as Iranian President Ebrahim Raisi is due to visit the Arab country, the TPO portal reported.

By Mahnaz Abdi

‘IOTC prepared for maximum oil export’

TEHRAN- Iranian Oil Terminals Company (IOTC) is completely prepared for the maximum oil export, the managing director of the company stated.

By Mahnaz Abdi

Iran exports 17 bcm of gas in a year

TEHRAN- Iran exported 17 billion cubic meters (bcm) of gas in the past Iranian calendar year 1400 (ended on March 20), the managing director of National Iranian Gas Company (NIGC) announced.

Direct container shipping lines launched from Chabahar to India, UAE

TEHRAN - Three direct container shipping lines have been launched from Iran’s southeastern Chabahar Port to Nhava Sheva and Kandla ports in India as well as Jebel Ali Port in United Arab Emirate, the portal of Iran’s Ports and Maritime Organization (PMO) reported.

South Pars oil layer output to increase 10,000 bpd

TEHRAN - Managing Director of Iranian Offshore Engineering and Construction Company (IOEC) Mohammadreza Zahiri said that production from South Pars oil layer, which is located in the country’s giant South Pars gas field, is going to increase by 10,000 barrels per day (bpd), Shana reported.

Iran, Pakistan to open 3 new border markets soon

TEHRAN – Head of Iran Trade Promotion Organization (TPO) Alireza Peyman-Pak met with Pakistan's Ambassador to Tehran Rahim Hayat Qureshi on Saturday to discuss the expansion of trade ties, the TPO portal reported.

NIGC invites GECF secretary-general to visit South Pars gas field facilities

TEHRAN – Head of National Iranian Gas Company (NIGC) has invited the secretary-general of Gas Exporting Countries Forum (GECF) to pay a visit to the South Pars gas field facilities in southern Iran, Shana reported.

Iran, Armenia ink co-op MOU in Joint Economic Committee meeting

TEHRAN- Iran and Armenia signed a memorandum of understanding at the end of the two countries’ 17th meeting of Joint Economic Committee in Yerevan on Thursday.

Iran oil show 2022 kicks off

TEHRAN – The 26th International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2022) kicked off at Tehran Permanent International Fairgrounds on Friday.

Tehran, Doha discuss expansion of trade ties

TEHRAN- During a meeting between Alireza Peyman-Pak, the head of Iran’s Trade Promotion Organization (TPO), and Ahmed Ahen, the director of Department of International Cooperation of Qatar’s Ministry of Commerce and Industry, the two sides explored the ways for the expansion of trade relations between the two countries.

Iran's private sector welcomes co-op with UNIDO

TEHRAN - Deputy Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Hossein Selahvarzi has said the Iranian private sector is ready to collaborate with United Nations Industrial Development Organization (UNIDO) on industrial development and digitalization of the economy.

Yerevan hosts 17th Iran-Armenia Joint Economic Committee meeting

TEHRAN - Iranian Energy Minister Ali-Akbar Mehrabian, who traveled to Yerevan to attend the 17th Iran-Armenia Joint Economic Committee meeting, met with Armenian Deputy Prime Minister Mher Grigoryan on Tuesday evening.

Iranian production, industry achievements exhibit held in Tashkent

TEHRAN – An exhibition of Iranian producers and industrialists’ achievements was held in Uzbekistan’s capital city Tashkent during May 9-11, IRNA reported.

Venezuela starts shipping in Iran’s heavy crude oil for refining

TEHRAN - Venezuela has begun shipping in heavy crude oil from Iran to use as feedstock in domestic refineries, Reuters reported on Monday citing documents from Venezuela’s state-run oil company PDVSA.

Petchem revenues expected to increase 17% by Mar. 2023

TEHRAN - National Petrochemical Company (NPC)'s Director of Planning and Development Hassan Abbaszedeh said the annual revenues of the country’s petrochemical sector is expected to increase 17 percent to reach $27 billion in the current Iranian calendar year (ends on March 20, 2023), Shana reported.

Iran eyes increasing exports to Lebanon

TEHRAN - Iranian Deputy Labor, Cooperatives and Social Welfare Minister for International Affairs Hamed Forouzan has said his ministry is ready to promote trade relations with Lebanon and boost exports to the country.

Iranian, Polish steel, metal industries explore ways of expanding ties

TEHRAN – Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) hosted a business forum with a Polish delegation from the country’s Silesia Chamber of Commerce (SCC) on Monday, the TCCIMA portal reported.

Copper cathode production expected to reach 1m tons in 4 years

TEHRAN - Head of Iran Copper Association Bahram Shakouri has said the country is going to increase its copper cathode production from the current 300,000 tons to one million tons by the Iranian calendar year 1404 (starts on March 21, 2025).

IMIDRO defines 30 investment packages for reviving idle mines this year

TEHRAN - Head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Vajihollah Jafari said his organization, which is in charge of a program for reviving idle small mines across the country, has defined 30 investment packages for continuing the implementation of the program in the current Iranian calendar year (started on March 21).

Iran inks 8 MOUs, deals with Latin American countries in oil, agriculture sectors

TEHRAN - During a visit of Iranian Oil Minister Javad Oji to Latin America, four memorandums of understanding (MOUs) and two deals in the field of oil, as well as two MOUs in the field of agriculture were signed, Shana reported.

Iran becomes world’s 20th largest economy despite U.S. sanctions

TEHRAN - In the latest ranking of the world's largest economies by the International Monetary Fund (IMF), Iran is ranked 20th and stands higher than many European countries such as Poland, the Netherlands, Argentina, Switzerland, Belgium, and Austria.

Annual sponge iron export rises 25%

TEHRAN- Iran’s export of sponge iron increased 25 percent in the past Iranian calendar year 1400 (ended on March 20), from its preceding year, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) has announced.

Iran, Indonesia discuss ways to boost mutual trade

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Fatemi-Amin received a high-ranking delegation from Indonesia headed by Deputy Chairman of the Indonesian House of Representatives Coordinator for Industry and Development (Korinbang) Rachmat Gobel on Saturday to explore ways of boosting mutual trade.