TCCIMA to dispatch trade delegation to Belarus in late-July

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) is going to dispatch a trade delegation to Belarus capital city of Minsk on July 23, TCCIMA portal reported.

‘Tehran, Ankara working on mechanism to bypass U.S. sanctions’

TEHRAN- Iran and Turkey are working on a financial mechanism channel to bypass the U.S. unilateral sanctions, Iran’s Ambassador to Turkey Mohammad Farazmand announced.

‘Over $476m allocated to renovating 1000 wagons, locomotives in a year’

TEHRAN- The head of Islamic Republic of Iran Railways (known as RAI) announced that 20 trillion rials (about $476.1 million) has been allocated to renovation of 1000 passenger and freight wagons and also locomotives through benefitting from domestic capabilities in the current Iranian calendar year (began on March 21), IRIB reported on Saturday.

Iran, Ukraine discuss more co-op between chambers of commerce

TEHRAN- In a meeting between Gholam-Hossein Shafeie, the head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), and Serhii Burdyliak, Ukraine’s ambassador to Iran, the two sides explored the ways for boosting cooperation between the two countries’ chambers of commerce, ICCIMA news portal published.

BY: Ebrahim Fallahi

‘$8b allocated to supply basic goods in 2 months’

TEHRAN – Central Bank of Iran (CBI) has allocated $8 billion for importing basic goods in the first two months of the current Iranian calendar year (March 21- May 21), Deputy Minister of Industry, Mining and Trade told Tehran Times on Saturday.

Monthly sponge iron output up 14% year on year

TEHRAN- Production of sponge iron in Iran rose 14 percent during the first month of current Iranian calendar year, Farvardin (March 21-April 20), compared to the same month in the past year, IRNA reported.

Iran, Tajikistan seeking expansion of water, energy tie

TEHRAN – Iran and Tajikistan are exploring avenues of cooperation in water and energy sectors, IRNA reported quoting Iranian energy minister as saying on Friday.

IRENEX to hold offering of 2m barrels of gas condensate on Monday

TEHRAN- Offering two million barrels of gas condensate produced in Iran’s South Pars gas field will be held at Iran Energy Exchange (IRENEX) on Monday, Shana reported.

Rezaee says Iran will surely overcome U.S. economic blockade

TEHRAN – Mohsen Rezaee, secretary of the Expediency Council, has voiced certainty that Iran will finally defeat the economic blockade imposed by the United States.

20 new petchem projects to go operational in Iran by 2022: NPC

TEHRAN – Iranian oil ministry plans to complete 20 prioritized petrochemical projects across the country by the end of the Iranian calendar year of 1400 (March 2022), IRIB reported quoting the head of National Petrochemical Company (NPC).

TEDPIX gains 9,308 points in a week

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) increased 9,308 points or 4.3 percent to 224,447 during the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, Tasnim news agency reported.

Nearly 400,000 tons of basic goods unloaded at Shahid Rajaee Port in 2 months

TEHRAN- Nearly 400,000 tons of basic commodities have been unloaded at Iran’s largest container port, Shahid Rajaee, during the two-month period from the beginning of current Iranian calendar year (March 21), Director General of Ports and Maritime Department of Hormozgan Province Allah-Morad Afifipour announced.

Annual exports from free zones at $17b

TEHRAN- The value of domestically-made products exported from Iran’s free zones stood at $17 billion in the past Iranian calendar year (ended on March 20, 2019), according to an official with Iran’s Free Zones High Council.

Iran, China call for expansion of economic ties

TEHRAN - Iranian Finance and Economic Affairs Minister Farhad Dejpasand received the Chinese Ambassador to Tehran Pang Sen on Thursday to discuss trade and to pay gratitude for the ambassador’s efforts during his five-year mission in Iran.

Asia's imports of Iranian oil surge to 9-month high

TEHRAN - Asia's imports of Iranian oil in April hit a record nine-month high as buyers rushed to ship in purchases before their waivers from U.S. sanctions on Iran expired in May, Reuters reported on Friday citing data from government and trade sources.

China’s Iranian oil intakes skyrocket in April: report

TEHRAN – China has significantly increased its imports of Iranian crude in the last month before the expiration of U.S. sanctions waivers, Sputnik reported on Thursday citing Business Times.

HK disparages U.S. warnings on violating Iranian sanctions

TEHRAN – Hong Kong has dismissed U.S. threats of penalty for receiving an oil vessel which carries Iranian oil to the autonomous city, Sputnik reported on Thursday.

CERAFAIR 2019 to kick off in Tehran in late June

TEHRAN - The 26th International Tile-Ceramic and Sanitary ware (CERAFAIR 2019) is due to be held during June 30-July 3 at Tehran International Permanent Fairgrounds, IRIB reported on Tuesday.

Iran to launch 2 air taxi lines by March 2020

TEHRAN–Iranian Transport Ministry is planning to launch two air taxi lines by the end of the current Iranian calendar year (March 19, 2020), IRIB reported quoting an official with the ministry.

Monthly non-oil exports from PSEEZ up 32% yr/yr

TEHRAN- Non-oil exports from Pars Special Economic Energy Zone (PSEEZ) in Iran’s southwestern port city of Assaluyeh reached 1.967 million tons in the past Iranian calendar month of Ordibehesht (April 21-May 21), rising 32 percent compared to the same month in the past year, according to a customs official.

By Mahnaz Abdi

Integrated forex market to fill gaps created by NIMA

In early July 2018, Iran launched Forex Management Integrated System, locally known as NIMA, to allow the exporters of non-oil commodities to sell their foreign currency earnings to importers of consumer products.

Iran self-sufficient in wheat production for 4th consecutive year

TEHRAN- For the fourth year in a row, Iran’s wheat harvest is enough to make it self-sufficient in the strategic crop, Press TV quoted an official as saying on Tuesday.

Russia’s Gazprom still considering participation in Iran’s energy projects

TEHRAN – Russia is still evaluating potential participation in Iran’s energy projects, Tass reported quoting the company’s deputy chief executive officer.

India seeking to resume oil imports from Iran

TEHRAN – India is planning to resume oil imports from Iran and the new government is going to hold talks with Iran in order to discuss ways of getting around U.S. sanctions like paying in national currencies.

India is still Iran’s priority for developing Farzad B field: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said India is still the top option for awarding Farzad B gas field development project, Mehr news agency reported on Wednesday.

Iran’s renewable power generation capacity reaches 724 MW

TEHRAN – The capacity of Iran’s renewable power plants has reached 724 megawatts (MW) and 416 MW capacity of new power plants are under construction, the portal of Iranian Energy Ministry (known as PAVEN) reported.

Chabahar Port’s loading, unloading of goods rise 30% in 2 months

TEHRAN- Loading and unloading of commodities in Iran’s southeastern port of Chabahar during the first two months of current Iranian calendar year (March 21-May 21) rose 30 percent compared to the same period of time in the past year, IRIB reported quoting a deputy at Iran’s Ports and Maritime Organization (PMO).

Iran’s 4-month crude steel output up 6% yr/yr: WSA

TEHRAN- Production of crude steel in Iran stood at 8.388 million tons during the first four months of 2019, indicating six percent rise from 7.917 million tons in the same period of time in 2018, according to the latest data released by the World Steel Association (WSA).

Iran to hold 3 specialized exhibitions in Iraq by June 21

TEHRAN – Three specialized Iranian exhibitions are due to be held in Iraq during the current Iranian month of Khordad (May 22-June 21), the portal of Trade Promotion Organization (TPO) reported quoting the Iranian commercial attaché to Iraq.

Rouhani invited to attend GECF meeting in Equatorial Guinea

TEHRAN – Equatorial Guinea (EG) president has officially invited his Iranian counterpart President Hassan Rouhani to attend the 5th meeting of the Gas Exporting Countries Forum (GECF), Shana reported.