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2025-05-16 16:07
Iran, EAEU implement free trade agreement, slashing tariffs
TEHRAN - Iran and the Eurasian Economic Union (EAEU) have officially implemented a comprehensive free trade agreement, significantly reducing customs tariffs and expanding market access for both sides.
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2025-05-16 16:04
Gas pressure boosting project in South Pars launched
TEHRAN - Iran has officially launched its long-anticipated gas pressure boosting project at the South Pars field, the country’s largest natural gas reservoir, with energy officials emphasizing the need for strict timelines and private sector coordination to ensure its success.
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2025-05-16 15:58
Pezeshkian inaugurates over $140m in projects during Kermanshah visit
TEHRAN - President Masoud Pezeshkian inaugurated more than 70 trillion rials (over $140 million) worth of projects during a two-day visit to Kermanshah Province, as part of his sixth provincial tour since taking office.
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2025-05-14 15:15
Iran’s envoy in Oman: private sector well-positioned to enter Omani market
TEHRAN – Iran’s Ambassador to Oman Mousa Farhang says the Arab country’s economic ecosystem is favorable for Iranian private sector companies, encouraging firms to begin with smaller-scale projects to establish a foothold in the Omani market.
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2025-05-14 14:38
South Korea offers housing development expertise to Iran, eyes joint urban projects in 2025
TEHRAN – South Korea is ready to share its successful housing development experience with Iran, the country’s ambassador to Tehran said, citing lessons learned from South Korea’s rapid population growth and housing crisis in the 1980s.
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2025-05-14 14:36
Iran eyes high-value exports to China, leverages Chinese e-commerce platform
TEHRAN - Iran aims to boost exports of higher value-added goods to China and facilitate the sale of Iranian products through a Chinese online platform, the head of the country’s Trade Promotion Organization (TPO) said.
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2025-05-13 14:24
Iran, Russia launch 2nd phase of card payment network integration
TEHRAN - Iran and Russia have officially launched the second phase of a card payment network integration project, enabling Russian tourists and businesspeople to make purchases at retail outlets across Iran using the Russian “Mir Pay” application.
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2025-05-13 14:13
Iran, Turkmenistan target 30% growth in bilateral trade
TEHRAN - The head of the Iran-Turkmenistan Joint Chamber of Commerce says the two countries are aiming to increase bilateral trade by 30 percent, following the first-ever exhibition of Turkmenistan’s export capabilities in Iran — an event driven entirely by private sector investment.
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2025-05-13 11:16
By Mahnaz Abdi
Monthly trade balance in Iran’s free trade zones positive
TEHRAN - Iran’s Free Zones High Council announced that the trade balance of the country's free trade zones was $41.463 million positive in the first Iranian calendar month Farvardin (March 21-April 21).
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2025-05-12 14:42
Uzbek PM promises tax, customs exemptions for Iranian investors amid growing economic ties
TEHRAN – Uzbek Prime Minister Abdulla Aripov announced on Sunday that Iranian investors operating in Uzbekistan will be exempt from taxes and customs duties, as he highlighted the presence of over 210 joint Iranian-Uzbek factories currently operating in the country.
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2025-05-12 14:39
Iran, Qatar customs officials agree to boost cooperation
TEHRAN – The head of Qatar’s General Authority of Customs met with the head of Iran's Customs Administration and other senior Iranian customs officials in Tehran on Sunday to discuss ways to expand bilateral cooperation and share experiences aimed at facilitating and developing trade.
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2025-05-12 14:26
Niger welcomes imports of Iranian mineral products: envoy
TEHRAN – Niger’s Ambassador to Iran Seydou Zetau Ali said his country welcomes imports of mineral and mining industry products from Iran and is keen for the Islamic Republic to play a concrete role in Niger’s mining sector.
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2025-05-11 14:39
Tehran, Tashkent aim for $2b in bilateral trade
TEHRAN – Senior officials from Iran and Uzbekistan convened in Tehran for the 16th session of the two countries’ Joint Economic Committee, aiming to expand bilateral ties and boost trade to $2 billion annually.
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2025-05-11 12:29
Over 427km of gas pipelines launched in a year
TEHRAN – Iran has brought 427 kilometers of gas pipelines online in the previous Iranian year 1403 (ended on March 20), with a total investment of €360 million, significantly boosting the country’s gas transmission capacity and infrastructure, according to Behnam Mirzaei, acting head of the Iranian Gas Engineering and Development Company.
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2025-05-11 12:00
Petchem projects worth $6b to be inaugurated by next March
TEHRAN – As announced by the head of Iran’s National Petrochemical Company (NPC), 15 petrochemical projects worth $6 billion will be put into operation in the country by the end of current Iranian calendar year (March 20, 2026).
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2025-05-10 14:55
Iran to boost South Pars daily gas output by up to 15 mcm this winter
TEHRAN – Iran plans to increase daily gas production from the South Pars Gas Complex by 10 to 15 million cubic meters (mcm) this winter as part of an early overhaul strategy to prepare for rising seasonal demand, the company’s head said on Saturday.
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2025-05-10 14:54
Annual liquid fuel supply to power plants rise 40%
TEHRAN – Iran delivered 21.8 billion liters of liquid fuel to power plants in the previous Iranian year 1403 (ended in late March), marking a 40 percent increase compared to the previous year, a senior oil official said on Saturday.
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2025-05-10 14:45
Iran restarts Caspian Sea drilling after 3-decade hiatus
TEHRAN - Iran’s Oil Minister has ordered the resumption of exploratory drilling in the shallow waters of the Caspian Sea, ending a 30-year pause in operations.
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2025-05-09 15:06
Over 2,200 companies attend West Asia's biggest oil industry gathering in Tehran
TEHRAN - Iran's oil industry, a key economic driver, is showcasing its latest achievements at the 29th International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2025) in Tehran, where over 2,200 domestic and international companies have convened.
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2025-05-09 14:49
Iran sees Turkmenistan partnership as gateway to regional gas trade
TEHRAN – Iran's National Gas Company is ramping up efforts to attract foreign investment and expand energy ties with neighboring countries, with a senior official saying closer cooperation with Turkmenistan could pave the way for broader regional gas trade.
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2025-05-09 14:34
Iran, China sign deal on coal-to-gas technology cooperation
TEHRAN – Iran’s Research Institute of Petroleum Industry (RIPI) and a major Chinese firm called Keyon have signed a memorandum of understanding to collaborate on coal-to-natural gas conversion technologies, officials said on Thursday.
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2025-05-07 15:37
Iran's monthly non-oil trade reaches $5.8b
TEHRAN – Iran’s non-oil foreign trade reached $5.8 billion in the first Iranian calendar month of Farvardin (March 21-April 21, 2025), with raw gold topping the list of imports at $583 million, according to data from the Islamic Republic of Iran Customs Administration (IRICA).
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2025-05-07 14:34
Iran, Pakistan seek stronger trade ties via Chabahar-Gwadar link
TEHRAN - In a meeting held at the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA), senior representatives from Pakistan’s Gwadar Chamber of Commerce and Tehran officials discussed expanding bilateral trade through deeper port cooperation between Gwadar and Chabahar.
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2025-05-07 14:28
Iran, Tajikistan to expand cooperation on standards
TEHRAN – Iran and Tajikistan signed a roadmap to implement a memorandum of understanding (MOU) on standardization, aiming to deepen bilateral cooperation in technical and quality assessment fields.
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2025-05-06 15:27
Daily gasoline output hits 120m liters
TEHRAN – Iran has ramped up its gasoline production to 120 million liters per day in the second Iranian calendar month of Ordibehesht (started on April 21), up from 107 million liters the previous month, even as the country’s refining industry reports a dramatic collapse in profitability, a senior industry official said on Tuesday.
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2025-05-06 15:25
Thermal power generation rises 10% ahead of peak summer demand
TEHRAN – Iran has increased its thermal power generation capacity by 10 percent compared to last year, as the country braces for record-breaking electricity demand this summer, a senior energy official said.
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2025-05-06 15:21
‘Expo 2025 spurs interest in Iran’s investment potential’
TEHRAN – The 2025 edition of Iran’s Expo has drawn strong interest from international visitors and created new opportunities for long-term business partnerships, according to a senior official from the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).
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2025-05-05 14:11
Tehran Chamber of Commerce hosts Iran-China business development forum
TEHRAN - The Iran-China Business Development Forum convened at the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA), with the participation of China’s ambassador to Iran, the head of Iran’s Trade Promotion Organization (TPO), the chair of the Iran-China Parliamentary Friendship Group, and senior officials from the Tehran Chamber.
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2025-05-05 13:52
Monthly auto output inches up
TEHRAN – Iran’s three major carmakers produced a total of 46,703 vehicles in the first Iranian calendar month of Farvardin (March 21-April 20), showing a modest increase from 45,916 units in the same month last year, according to data published on the Codal system.
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2025-05-05 13:52
Iran seeks strategic trade partnerships with Afghanistan to boost regional stability
TEHRAN - Strengthening economic cooperation between Iran and Afghanistan will contribute to regional stability and create a framework for sustainable partnerships, a senior Iranian trade official said on Sunday.