Tehran
OPEC+

OPEC+ set to ease record oil cuts from August

OPEC and allies such as Russia will ease record oil supply curbs from August as the global economy slowly recovers from the coronavirus pandemic, Saudi Energy Minister Prince Abdulaziz bin ...
oil

Iran, Iraq discuss boosting oil cooperation

Iranian Oil Minister Bijan Namdar Zangeneh and his Iraqi counterpart Ihsan Abdul Jabbar discussed ways to promote cooperation between the two neighbors in the oil industry. In a telephone conversation, ...
Iraq

Iran’s priority in Iraq must be economic cooperation; Expert

A member of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICC), Ali Shariati told ILNA on Tuesday that Iran's priority in ties with Iraq must be the growth in ...
Export

Export Guarantee Fund of Iran increases capital by $200m

Export Guarantee Fund of Iran (EGFI) has increased its capital by $200 million, IRNA reported on Sunday, quoting the head of the fund. According to Afrouz Bahrami, after the mentioned ...
Copper

Copper projects worth over $950m inaugurated

Four development projects worth 40 trillion rials (about $952.3 million) were inaugurated in the copper sector of Kerman Province in the southeast of Iran on Thursday, Shata news reported. As ...
Transport

Transport Fallout from COVID-19 Estimated at $495 Million

Iran’s transportation sector has sustained an estimated loss of 80,000 billion rials ($495 million) following the outbreak of coronavirus, an official with the Ministry of Roads and Urban Development said.  ...
free trade

Iran to launch 5 new free trade zones

The Iranian parliament has approved plans for launching five new free trade zones (FTZ) in the north and east of the country. The parliament on Monday allowed the government to ...
Coronavirus

Update on Iran’s Border Crossings Amid Coronavirus Outbreak

Spokesman of the Islamic Republic of Iran Customs Administration Rouhollah Latifi has given the latest account of Iran's commercial exchanges through border crossings with neighboring countries, as the outbreak of ...
Mining

Mining sector accounts for 25% of Iran’s annual non-oil income

Iran’s Deputy Industry Mining, and Trade Minister Darioush Esmaili said the mining sector accounted for 25 percent of the country’s non-oil revenues in the past Iranian calendar year (ended on ...
Steel Production

With Over 17 Million Tons, MSC Tops Steel Production

With 17.22 million tons of output, Mobarakeh Steel Company had the largest share of steel production in Iran in the last fiscal year that ended on March 19, 2020. The ...
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