Economy

Iran to export oil through Makran

Tehran (ISNA) – Jask Oil and Gas Export Terminal will be activated before March 20, 2020 and Iran’s oil will be exported through Makran, Iranian Oil Minister, Bijan Namdar Zangeneh announced.
Happened over 2nd week of March;

Trading commodities worth over $714 million on IME

Tehran (ISNA) - During weekdays ending up to March 14, approximately 624,721 MT of commodities worth over $714 million were traded on Iran Mercantile Exchange.
Iran bannes Boeing 737 Max

Tehran (ISNA) – Following the fatal accident of Ethiopian Airlines crash on Sunday, Iran announced that it has banned Boeing 737 Max jets.
Iranian mechanism of INSTEX to be registered soon

Tehran (ISNA) – Special Trade and Financial Instrument (STFI) designed as Iran’s mechanism for Instrument in Support of Trade Exchanges (INSTEX) is due to be registered soon in Tehran, Governor of Iran’s Central Bank, Abdolnaser Hemmati announced.
Isfahan, Tehran to host Iran-Russia economic cooperation joint assembly

Tehran (ISNA) – The 15th Iran-Russia economic cooperation joint assembly will be held June 16 in Isfahan and Tehran in three days.
Iran’s Economy Minister to visit Baku

Tehran (ISNA) - Iran’s Minister of Economy and Finance, Farhad Dejpasand will visit Azerbaijan.
Iran’s exports in industry section reach $14billion

Tehran (ISNA) – Iran’s exports in industry and mine sections have reached $14 billion and $970.2 million respectively during first 9 months of current Iranian fiscal year.
China, Iraq Iran’s biggest trade partners

Tehran (ISNA) – China is Iran’s biggest and main trade partner with $8.3 billion, followed by Iraq with $8.2 billion, Iran Customs Administration’s head, Mehdi Mirashrafi said.
Iran’s exports to Azerbaijan increase by 73 pct

Tehran (ISNA) - Iran's ambassador to Azerbaijan Javad Jahangiri announced on Sunday, Iran registered a 73 percent increase in its exports to Azerbaijan.
Maku to join European railway

Tehran (ISNA) – Maku Free Zone Organization’s deputy for infrastructure and construction announced that a feasibility study deal for Aras -Maku railway has been signed.
Iran’s exports to Pakistan set new record

Tehran (ISNA) – Iran’s trade attaché in Pakistan informed of unprecedented growth in Iran’s export to Pakistan, saying, “Our export to Pakistan has reached $1.19 billion during first 10 months of current Iranian fiscal year”.
Despite sanctions, Iran's oil exports rise in early 2019: sources

Tehran (ISNA) - Iran’s exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry sources, as some customers have increased purchases due to waivers from U.S. sanctions.
In President’s presence;

3rd phase of Persian Gulf Star Refinery opens

Tehran (ISNA) – Iranian President, Hassan Rouhani opened 3rd Phase of Persian Gulf Star Gas Condensates Refinery on Monday on the second day of his visit to Hormozgan Province.
Iran joins gasoline, petrol exporters

Tehran (ISNA) - Deputy of Iran’s Oil Minister, Alireza sadeghabadi announced that gasoline and petrol is already being exported.
Iran, Azerbaijan to export co-produced Dena vehicle to Ukraine

Tehran (ISNA) - Iran’s major car manufacturer Iran Khodro (IKCO) is scheduled to export Dena vehicle co-produced by Azerbaijan, to Ukraine, according to an IKCO top official.
Russia, Iran give up dollar in settlement payments

Tehran (ISNA) - Moscow and Tehran have given up the dollar in settlement payments and plan to shift completely to national currencies, with euro to be used if there are no other options, Russia’s ambassador to Iran, Levan Dzhagaryan said in an interview with TASS.
Iran, Iraq discuss settlement of Baghdad’s debts to Tehran over gas, electricity imports

Tehran (ISNA) - Governor of Iran’s Central Bank, Abdolnaser Hemmati hold preliminary banking negotiations with his Iraqi counterpart.
Iran recoverable oil reserves at 160bn barrels

Tehran (ISNA) - Iran’s Minister of Petroleum, Bijan Zangeneh said Tuesday the country’s recoverable oil stood at 160 billion barrels.
Japan's JXTG starts first loading of Iranian crude oil after US sanctions waiver

Tehran (ISNA) - Japan's largest refiner JXTG Nippon Oil & Energy started loading of Iranian crude oil from Monday, almost three months after the US sanctions waiver was granted.
South Korean companies to resume Iranian gas condensate purchase

Tehran (ISNA) – Two major South Korean oil companies are to resume buying Iran gas condensates in February.
Up to 7000 German firms eager to trade with Iran: German official

Tehran (ISNA) - Up to 7,000 German business enterprises are estimated to seek continued trade with Iran, says the managing director of the German-Iranian Chamber of Commerce, following the launch of a payment vehicle that enables continued European trade with the Islamic Republic irrespective of unilateral sanctions by the United States.
Happened over the last week of January;

A growth of 11% on IME’s trading volume

Tehran (ISNA ) - During weekdays ending up to January 31, while 561,786 MT of commodities worth over $547.6 million were traded on Iran Mercantile Exchange, the trading volume and value experienced growth of 11 and 5 percent, respectively.
Syria, Iran set up non-dollar payment channel

Tehran (ISNA) - Iran and Syria have enabled their banks to conduct transactions in their local currencies and non-dollar foreign currencies, lifting a key hurdle to their trade and investment.
Japan's Cosmo Oil resumes Iranian oil imports

Tehran (ISNA) - Cosmo Oil has started loading its first Iranian crude oil cargo, the latest Japanese refiner to resume import of Iranian oil more than two months after the US sanctions waiver was granted, a source with direct knowledge of the matter told S&P Global Platts Monday.
Iran’s industrial export grows 13%

Tehran (ISNA) – Iran’s industrial export has grown 13 and 6 percent respectively in value and weight during first 9 months of the current Iranian fiscal year (started March 21, 2018), comparing to the same period last year.
Happened over 4th week of January;

Trading over 502 thousand tonnes of various commodities on IME

Tehran (ISNA) - During weekdays ending up to January 24, approximately 502,106 MT of commodities worth over $523.8 million were traded on Iran Mercantile Exchange.
Iran ranked 10th in world steel production in 2018: WSA

Tehran (ISNA) - Iran ranked 10th among crude steel producers last year with 25 million tons of production, according to figures released by World Steel Association (WSA).
Japan’s Iran oil loading to continue through March

Tehran (ISNA) - Japanese refiners will continue to lift oil from Iran through March after receiving a waiver from U.S. sanctions on crude imports in November, Takashi Tsukioka, president of the Petroleum Association of Japan (PAJ) said.
Iran-Switzerland payment channel ready to launch

Tehran (ISNA) – Iran-Switzerland independent payment channel is ready to launch and its operational details have been announced, Chairman of Iran-Switzeland Joint Chamber of Commerce, Sharif Nezam-Mafi announced.
Exploratory well of Minoo Island reaches oil: Zanganeh

Tehran (ISNA) – The exploratory well, drilled in Iran’s Minoo Island has reached oil, Iranian Oil Minister, Bijan Namdar Zangeneh announced on Wednesday.