Non-oil exports up 15.5% in a quarter on year

TEHRAN- Iran exported $11.618 billion of non-oil products during the three-month period from March 21 to June 21, with 15.5 percent rise from $10.052 billion in the same time span of the past year, according to Islamic Republic of Iran Customs Administration (IRICA).

Russia to finance €1.2b railway project in Iran

TEHRAN- The €1.2-billion project for electrification of Garmsar–Incheboron railway in Iran was officially inaugurated on Monday, IRIB reported.

Iran exports over 2.61m bpd of oil, gas condensate in June

TEHRAN- Iran exported over 2.61 million barrels per day (bpd) of oil and gas condensate in June, Shana news agency reported on Monday.

$24.4m of state-run shares divested since March 21

TEHRAN- Iranian Privatization Organization (IPO) has offered 1.02 trillion rials (about $24.4 million) of state-run shares to the private sector since the beginning of the present Iranian calendar year 1397 (March 21, 2018), IRIB reported on Monday.

Iranian, S. Korean customs officials discuss co-op

TEHRAN- Heads of Islamic Republic of Iran Customs Administration (IRICA) and Korea Customs Service conferred on mutual business collaboration and removal of trade barriers on the sidelines of Annual World Customs Organization (WCO) meeting in the Belgian capital on Saturday, IRIB news reported.

Iran set to let private sector to export oil to confront U.S. sanctions

TEHRAN - In a move to beat U.S. sanctions, Iran will let private companies to export crude oil, First Vice President Eshaq Jahangiri announced on Sunday.

Unilateral production rise would breach OPEC’s deal: Zanganeh

TEHRAN- Any unilateral measure to boost oil output above OPEC's current limits would breach the producer group's recent deal, Iranian Oil Minister Bijan Zanganeh said Saturday in a letter to OPEC President Suhail Mohamed Al Mazrouei.

Tehran to host Iran Compressor 2018 conference

TEHRAN- The second edition of Iran Compressor Conference (ICC) is to be held at Research Institute of Petroleum Industry in Tehran on July 17-18, IRIB reported on Saturday.

Iran now policy commission member at WCO

TEHRAN- Iran is accepted as a member of World Customs Organization (WCO) Policy Commission regarding the vote of the international body members at the ongoing 132nd WCO meeting in Brussels, IRNA reported on Saturday.

By Mahnaz Abdi

Lower end price main target in production: industry min.

“Our main target in the field of production is reducing the end price of products in the current year, which is the year of Support for Iranian Products”, Iranian Industry, Mining and Trade Minister Mohammad Shariatmadari announced in a press conference on Saturday.

460 foreign companies attending Agrofood 2018

TEHRAN- The 25th International Exhibition of Food, Food Technology and Agriculture of Iran (Agrofood 2018) became operational on Friday with participation of 460 foreign and 760 domestic companies at the Tehran Permanent International Fairgrounds, IRIB reported.

Rouhani inaugurates major gasoline production unit

TEHRAN – The second phase of Iran’s Persian Gulf Star Refinery (PGSR), which was inaugurated by President Hassan Rouhani on Thursday, adds 12 million liters of Euro-5 quality gasoline to the country’s total output of the product.

Iran’s oil exports to Asia hit 8-month high

TEHRAN-Iran’s exports of crude oil to major Asian customers in May rose to the highest in eight months, government and ship-tracking data showed.

Persian Gulf Star Refinery’s 2nd phase to come online today

TEHRAN – The second phase of Iran’s Persian Gulf Star Refinery (PGSR), which is hailed as the Middle East’s largest gas condensate processing complex, is going to be inaugurated officially today, Tasnim news agency reported.

Japan, S.Korea seeking waivers from U.S. sanctions on Iran’s oil

TEHRAN – As Iran’s two major oil buyers, Japan and South Korea are in talks with the U.S. in order to get waivers over U.S. sanctions on Iran for buying crude oil from the country.

‘Cutting Iran’s oil from market by Nov. impossible’

TEHRAN- Eliminating Iran’s oil from the global market by November as demanded by the U.S. is impossible, an Iranian oil official told Tasnim news agency on Wednesday.

Govt. aims to strengthen national currency

TEHRAN- Government spokesman Mohammad Baqer Nobakht on Tuesday said that the government’s main target is increasing the value of national currency, rial, however, the job will not be fulfilled without the support of the Iranian nation.

Kharg oil terminal's capacity to increase by 700,000 bpd in 2 years

TEHRAN – Iran’s Kharg Island oil terminal capacity for receiving, storing and exporting of oil is set to increase by 700,000 barrels per day (bpd) in two years, IRNA reported on Tuesday quoting an oil official.

Iran’s non-oil exports rise 15.5% in 3 months yr/yr

TEHRAN- Iran could export $11.6 billion of non-oil goods during the first three months of the current Iranian calendar year (March 21-June 21, 2018), showing an annual increase of 15.5 percent, Iranian economy minister announced in a press conference on Tuesday.

Iran to create secondary currency market by next week

TEHRAN- Iran will set up a secondary currency market by the next week, Central Bank of Iran (CBI) Governor Valiollah Seif announced on Monday.

Digging operation of 43 oil, gas wells conducted in 3 months

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 43 oil and gas wells during the first quarter of current Iranian calendar year (March 21-June 21), according to an official with the NIDC.

Iran’s 1st intl. gas exhibition slated for early Sep.

TEHRAN – Iran’s first international gas exhibition (IRGS 2018) is due to be held at Shahr-e-Aftab Complex in Tehran during September 1-4.

Steel products export up 129% in 2 months yr/yr

TEHRAN- Iran exported 413,000 tons of steel products during the two-month period from March 21 to June 21, with 129 percent rise from the figure of the same time span in the past year, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced.

Tehran hosts intl. conference on transportation, logistics

TEHRAN – The second edition of Iran’s International Conference on Export Transportation and Logistics was held at Tehran Permanent International Fairgrounds on Sunday.

‘New imports ban to thwart $10b of foreign currency outflow’: MP

TEHRAN- Implementation of the newly set ban on imports of 1,339 kinds of goods into Iran is expected to prevent outflow of $10 billion foreign currency, IRIB news quoted the chairman of Majlis (the Iranian parliament) economic committee as saying in a TV interview on Saturday.

'Iran-China economic ties to hike'

TEHRAN- Iran-China economic relations will improve regardless of third-party countries’ internal rules, Spokesman of the Chinese Ministry of Commerce Gao Feng told IRNA on Saturday.

By: Ebrahim Fallahi

The aftermath of OPEC’s decision on rising output

The members of the Organization of the Petroleum Exporting Countries (OPEC) reached a consensus on Friday to increase their crude output in order to address concerns over rising oil prices, however the group didn’t give any clear information regarding the amount and allocations of the rise. Now, the question is how this decision is going to project in the oil market?

TCCIMA agricultural committee chairman becomes a board member of ISOA

TEHRAN- Kaveh Zargaran, the chairman of the Agricultural Committee at the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA), became a board member of International Sunflower Oils Association (ISOA).

Iran will find other ways to overcome sanctions: Zanganeh

TEHRAN- Saying that Iran doesn’t believe buyers of its oil will get waivers from the U.S. government, Iranian Oil Minister Bijan Namdar Zanganeh said his country will find other ways to overcome sanctions.

Tehran, Dushanbe discuss Iranian companies’ contribution to Tajikistan’s road-building projects

TEHRAN- In a meeting between Iranian energy minister and Tajikistan's transport minister in Dushanbe, the two sides discussed the issue of Iranian companies’ presence in the road-building projects in Tajikistan.