China's March Iran oil imports rise 6% from a month ago

TEHRAN - China’s imports of Iranian crude oil increased by six percent from the previous month, Reuters reported on Thursday citing customs data.

By Ebrahim Fallahi

‘U.S. sanctions doesn’t affect Iraq’s energy ties with Iran’

TEHRAN – Deputy prime minister of Iraq for energy affairs said the U.S. decision on ending waivers on Iran sanctions does not affect Iraq’s energy ties with Iran since the country does not import oil from Iran, IRNA reported on Friday.

Minerals, mining export at $9.2b in a year

TEHRAN- The value of Iran’s minerals and mining industries’ exports stood at $9.226 billion in the past Iranian calendar year (ended on March 20, 2019), IRNA reported on Tuesday citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

‘Forex reserves enough to stabilize domestic market amid U.S. pressures’

TEHRAN - Central Bank of Iran (CBI) Governor Abdolnaser Hemmati said the country’s foreign currency reserves are enough to stabilize the country’s forex market after U.S. ended the waivers for Iranian oil buyers.

Turkey reluctant to replace Iranian oil under U.S. pressure

TEHRAN - Turkey is not willing to replace Iranian oil with those from Saudi Arabia and the United Arab Emirates as the U.S. has offered, Bloomberg reported on Wednesday quoting the Turkish Foreign Minister as saying at a reception in Ankara.

Iran Oil Show 2019 to kick off in early May

TEHRAN- The 24th Iran International, Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2019) is due to kick off on May 1 at Tehran Permanent International Fairgrounds.

S. Korea to dispatch delegation to U.S. for talks on Iran oil sanctions

TEHRAN – South Korea is planning to send a high-ranking delegation to Washington this week for follow-up talks on a U.S. decision on ending the sanctions waivers for the country and seven other importers of Iranian oil.

By Haniyeh Sadat Jafariyeh

IME suitable platform of economic prosperity

Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei has named the current Persian Year, 1398, as the ‘Year of Boosting Domestic Production’, calling on all officials to make the issue of production the pivot of their activities.

CBI governor discusses expansion of banking ties with Iraqi officials

TEHRAN- Central Bank of Iran Governor Abdolnaser Hemmati met some Iraqi senior officials during a visit to Baghdad to explore the ways for the expansion of banking relations between the two countries, IRIB reported.

S. Korea to continue negotiations with U.S. over Iran sanctions

TEHRAN- Following the U.S. announcement on Monday regarding the end of exemptions from sanctions on Iranian oil imports, South Korean foreign ministry said in a statement that the government has been negotiating with the U.S. at all levels to extend the waiver, and that it will continue to make every effort to reflect Seoul's position until the May deadline.

TSE issues 128% more trading codes yr/yr

TEHRAN- The number of trading codes issued at Tehran Stock Exchange (TSE) rose 128 percent in the past Iranian calendar year (ended on March 20, 2019) compared to its previous year, TSE Head Ali Sahraei announced.

Iran, Pakistan stress expansion of trade ties

TEHRAN- During an Iran-Pakistan business forum held at Tehran on Monday the two sides emphasized the necessity of using all available opportunities to expand bilateral trade relations.

Trade at TSE, IFB up 80% in a year

TEHRAN- The value of trades at Tehran Stock Exchange (TSE) and Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), rose 80 percent during the past Iranian calendar year (ended on March 20, 2019), head of Iran’s Securities and Exchange Organization (SEO) announced.

Plastic products main item exported to Iraq

TEHRAN- Iranian commercial attaché to Iraq named plastic products as the major goods Iran exports to its neighbor Iraq, Tasnim news agency reported on Sunday.

China’s Bank of Kunlun to continue co-op with Iran

TEHRAN- Directors of China’s Bank of Kunlun announced that the bank will continue cooperation with Iran, Mehr news agency reported.

Iran says U.S. can’t realize “Zero Iran oil” plan

TEHRAN – Following reports that the U.S. is planning to end the waivers on Iranian oil sanctions, a source with the Iranian oil ministry said Washington cannot drive Iranian oil exports to zero.

SPGC to boost annual gas output by 7 bcm

TEHRAN- South Pars Gas Complex (SPGC) plans to increase production of gas by seven billion cubic meters (bcm) in the current Iranian calendar year (which began on March 21, 2019), the managing director of company announced.

Trump’s dilemma with Iran: to extend waivers or not!

These days one of the major factors which is affecting the oil market is the U.S. President Donald Trump’s actions and their consequences. The imposition of sanctions on Venezuela, reimposition of sanctions on Iran, comments on Libya, the impact on Saudi Arabia and OPEC decision making, are just some of the scenarios in which Trump is the lead actor.

Iran, Bulgaria discuss expansion of trade ties

TEHRAN- Iran and Bulgaria explored the ways to expand trade relations during the visit of an Iranian trade delegation to Sofia, the news portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) published on Saturday.

Tehran, Baku to strengthen industrial relations

TEHRAN- During the trip of Iranian Industry, Mining and Trade Minister Reza Rahmani to Azerbaijan, the two sides agreed to expand bilateral industry relations, IRNA reported.

Japan is talking to U.S. to keep its Iranian oil supply steady: minister

TEHRAN - Japanese Minister of Economy, Trade, and Industry said his country is trying to convince U.S. to keep buying Iranian oil in order to maintain its energy supplies.

Over $1.6b to be allocated for flood compensation

TEHRAN - Head of Iran's Planning and Budget Organization Mohammad Baqer Nobakht announced on Wednesday that at least 70 trillion rials (about $1.66 billion) is going to be allocated for compensating losses incurred to those who have been affected by recent floods in the country.

Cutting overhaul period in SP refineries raises output by 7.4 bcm

TEHRAN – The output of South Pars gas refineries (in Southern Iran) is going to increase by over seven billion cubic meters (bcm) by cutting their overhauling period, Shana reported quoting the managing director of South Pars Gas Company (SPGC).

Netherlands stresses expansion of agriculture co-op with Iran

TEHRAN- Netherlands Ambassador to Iran Jacques Werner stressed expansion of cooperation with Iran in the field of agriculture, ILNA reported on Wednesday.

Iran to award 5 oil projects to domestic firms in near future

TEHRAN – National Iranian Oil Company (NIOC) is planning to award five oil exploration and development projects to domestic companies, ISNA reported quoting an official with NIOC.

Annual copper concentrate output beats forecast

TEHRAN- Production of copper concentrate in Iran during the past Iranian calendar year (ended on March 20, 2019), was five percent more than the planned figure, IRIB reported citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Iran takes part in Iraq Agrofood Trade Show 2019

The Islamic Republic of Iran is participating at Iraq Agrofood & Plastprintpack Exhibition 2019 with as many as 40 companies.

Heavy rainfalls boost Iranian hydropower output by 5GW

TEHRAN – Recent heavy rainfalls in Iran has increased the electricity output of the country’s hydropower plants by up to 5,000 megawatts, IRNA reported on Monday quoting an official with Iran’s Power Generation and Distribution Company (known as TAVANIR).

‘Over $85b of working capital required to stay productive’

TEHRAN - Iranian industry, mining and trade minister said the country needs 3.6 quadrillion rials (about $85.714 billion) of working capital in order to sustain the domestic production.

Iran appointed board member of WFC

TEHRAN- Central Securities Depository of Iran (CSDI) has been appointed as a board member of the World Forum of Central Securities Depositories (WFC), the company’s official website published.