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2025-05-28 15:50
Iran, Turkey customs authorities sign cooperation agreement
TEHRAN – The customs chiefs of Iran and Turkey signed a bilateral cooperation agreement during a meeting in which both sides expressed determination to boost trade ties.
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2025-05-28 15:33
Iran's trade with ECO member states hits $27.6b in a year
TEHRAN – Iran’s trade with member states of the Economic Cooperation Organization (ECO) reached 36.2 million tons worth $27.6 billion in the Iranian calendar year 1403 (ended March 19, 2025), according to the Islamic Republic of Iran Customs Administration (IRICA).
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2025-05-28 15:22
Iran-China monthly non-oil trade stands at $1.765b
TEHRAN- The value of non-oil trade between Iran and China stood at $1.765 billion in the first Iranian calendar month of Farvardin (March 21-April 21, 2025), according to data from the Islamic Republic of Iran Customs Administration (IRICA).
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2025-05-27 15:18
ICCIMA hosts OPEC training workshop on engineering services exports
TEHRAN - The first OPEC international training workshop on engineering and technical service exports opened at the place of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) on Tuesday, with a strong call for expanding Iranian companies’ participation in projects funded by the OPEC Fund for International Development. Iranian officials and business leaders presented this opportunity as a catalyst for enhancing the country’s technical service exports and diversifying its sources of foreign currency revenue.
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2025-05-27 15:12
Iran adds 600 MW of solar power, launches major renewable projects in 5 provinces
TEHRAN - Iran installed approximately 600 megawatts (MW) of solar power capacity in the past Iranian year (ending March 2025), marking a fourfold increase over the previous annual average of 150 MW, according to Alireza Parandeh Motlaq, deputy head of the Renewable Energy and Energy Efficiency Organization (SATBA).
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2025-05-27 15:08
Tehran, Tokyo voice readiness to expand trade relations
TEHRAN - In a meeting between the head of Iran’s Trade Promotion Organization (TPO) and a special representative of the Japan External Trade Organization (JETRO), both sides reaffirmed their interest in enhancing bilateral trade relations.
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2025-05-26 15:18
Iran, Iraq emphasize expansion of railway, transit co-op
TEHRAN- During a meeting between Iranian Transport and Urban Development Minister Farzaneh Sadeq and Iraqi Prime Minister Mohammed Shia Al Sudani in Baghdad, the officials emphasized on development of railway and transit cooperation between the two countries.
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2025-05-26 14:55
NIDC completes drilling of 20 onshore oil, gas wells in 2 months
TEHRAN - The National Iranian Drilling Company (NIDC) has completed the drilling and development of 20 onshore oil and gas wells during the first two months of the current Iranian year (March 20 – May 21), according to Shana.
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2025-05-26 14:51
Annual trade surplus with Oman widens as exports rise, imports fall
TEHRAN - Iran’s exports to Oman increased in the previous Iranian year 1403 (March 2024–March 2025), while imports from the Arab country declined, boosting Tehran’s trade surplus with Muscat, according to data from Iran’s Customs Administration.
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2025-05-25 14:04
Transport minister visits Iraq to advance Shalamcheh-Basra railway
TEHRAN - Iran’s minister of transport and urban development has arrived in Iraq to strengthen bilateral transport cooperation, follow up on the Shalamcheh-Basra railway project, and coordinate maximum facilitation for Arbaeen pilgrims.
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2025-05-25 13:58
‘Algeria offers strategic gateway for expanding Iran’s trade with Africa, Europe’
TEHRAN - Algeria’s strategic position as a gateway to both Europe and Central Africa makes it an ideal platform for expanding Iran’s trade ties, said Saeed Zare’ Haghighi, head of Iran’s Trade Office in Algeria.
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2025-05-25 13:52
Train carrying solar panels from China arrives at Iran’s Aprin dry port
TEHRAN - The first train carrying solar panels from China arrived at Iran’s Aprin rail dry port on Saturday, marking a new phase in bilateral trade and renewable energy cooperation.
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2025-05-24 16:09
Sponge iron production rises 7% in a month on year
TEHRAN – Production of sponge iron in Iran rose seven percent in the first month of the current Iranian calendar year, Farvardin (March 21-April21), as compared to the first month in the previous year, As reported, 4.075 million tons of sponge iron was produced in Farvardin of this year, while the figure was 3.807 million tons in the same month of the past year.
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2025-05-24 16:08
‘Government’s strategy for renewable energies development continuously followed up’
TEHRAN- Iranian President Masoud Pezeshkian referred to the government's strategy for expanding renewable energies, and stated that the movement in this direction has begun and is being followed continuously and regularly in daily and weekly government meetings.
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2025-05-24 16:03
President, transport minister inaugurate, launch over 4,000 projects in country
TEHRAN- During an online ceremony at the place of Iran’s Ministry of Transport and Urban Development on Saturday, 4,219 projects in the fields of transportation, housing, and meteorology were inaugurated or launched in the presence of President Masoud Pezeshkian and Transport and Urban Development Minister Farzaneh Sadegh.
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2025-05-23 15:32
Tehran urges ECO members to share water efficiency expertise to tackle regional crises
TEHRAN - Iran’s Agriculture Minister Gholamreza Nouri Ghezeljeh, has called on member states of the Economic Cooperation Organization (ECO) to exchange experiences and strategies to boost water resource efficiency amid growing regional challenges such as climate change and water scarcity.
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2025-05-23 14:53
Iran, Russia advance free trade as Eurasian union finalizes roadmap with Iran
TEHRAN - The Eurasian Economic Union (EAEU) has finalized a roadmap to implement its newly effective free trade agreement with Iran, aimed at boosting direct business engagement and resolving regulatory hurdles.
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2025-05-23 14:39
Iran’s acting economy minister meets Islamic Development Bank president in Algiers
TEHRAN - Seyed Rahmatollah Akrami, Iran’s acting Minister of Finance and Economic Affairs, met with Islamic Development Bank (IsDB) President Muhammad Sulaiman Al Jasser, expressing Tehran’s commitment to deepening bilateral cooperation in pursuit of shared development goals.
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2025-05-21 15:31
Annual honey exports rise 20% despite policy hurdles
TEHRAN – Iran’s honey exports grew by 20 percent in the previous Iranian year (ended on March 20), according to the official in charge of the country’s beekeeping development plan. However, industry leaders warn that policy-related export barriers continue to threaten the sector’s survival.
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2025-05-21 15:24
Parliament backs investment facilitation in energy sector
TEHRAN - A member of Iran’s Parliament Energy Committee said the legislature is committed to easing regulations to attract both domestic and foreign investment in the oil and gas sector.
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2025-05-21 15:20
Iran, Turkmenistan sign roadmap targeting $3b in trade
TEHRAN – Iran and Turkmenistan signed a commercial roadmap on Tuesday aimed at boosting bilateral trade to $3.0 billion.
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2025-05-20 15:12
Iran, Turkmenistan to expand energy cooperation
TEHRAN - Iran’s Oil Minister and Turkmenistan’s Foreign Minister have emphasized deepening bilateral cooperation in the oil and gas sector and discussed avenues to broaden energy collaboration.
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2025-05-20 15:01
Iran offers to share mineral exploration, processing expertise with Afghanistan
TEHRAN - Iran’s Minister of Industry, Mining and Trade Seyed Mohammad Atabak has announced Tehran’s readiness to transfer technical expertise and experience in mineral exploration, extraction, and processing to Afghanistan.
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2025-05-20 14:52
Tehran, Moscow eye $10b trade target amid push for banking, logistics reforms
TEHRAN – Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has called for financial and regulatory reforms to unlock a surge in bilateral trade with Russia, as the two countries seek to deepen economic ties following the signing of a 20-year strategic cooperation pact.
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2025-05-19 11:25
‘IRISL shipped 27m tons of goods in past year despite sanctions’
TEHRAN – The Islamic Republic of Iran Shipping Lines (IRISL) transported 27 million tons of cargo last year, continuing its operations despite Western sanctions, according to the company’s Head Mohammad-Reza Modarres Khiabani.
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2025-05-19 11:25
PEDEC signs key drilling contracts to accelerate development of Aban, Paydar Gharb oilfields
TEHRAN – The Petroleum Engineering and Development Company (PEDEC) has signed two major subsurface drilling contracts aimed at accelerating development of the Paydar Gharb oilfield, a shared reservoir with Iraq, the project manager for the Aban and Paydar Gharb oilfield development announced on Tuesday.
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2025-05-19 11:25
Iran’s power generation capacity growing at 2.2% annually: minister
TEHRAN – Iran's annual power generation capacity growth rate stands at 2.2 percent, significantly lower than the global average of 4.6 percent, Energy Minister Abbas Aliabadi said on Tuesday.
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2025-05-18 12:55
Thermal power capacity set to grow by 4,000 MW ahead of summer peak
TEHRAN – Iran will add over 4,000 megawatts of new thermal power capacity to its electricity grid this summer through the construction of new units, upgrades to gas turbines, and removal of production bottlenecks in existing steam power plants, a senior energy official said.
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2025-05-18 12:55
Tehran to launch two new refineries, three fuel quality projects
TEHRAN – Iran plans to commission two new oil refineries and three fuel quality upgrade projects by the end of the current Iranian year (March 2026), the head of the National Iranian Oil Refining and Distribution Company (NIORDC) announced on Saturday.
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2025-05-18 12:55
Iran designs 6 AI megaprojects to tackle energy imbalance
Tehran – The Information Technology Organization of Iran has launched efforts to address the country’s energy imbalance using artificial intelligence, with six large-scale AI projects designed to support the initiative, according to an IT and AI expert.