Iran Chamber Newsroom

Iran’s Q1 oil output up 630,000 bpd YOY: Report

Iran has produced an average 3.23 million barrels per day (bpd) of oil in the first three months of 2024, indicating a year-on-year increase of about 650,000 bpd, according to a recent report by the US Energy Information Administration (EIA).

Energy

Kerman IDEX due to be held on May 13-16

Following efforts by Kerman Chamber of Commerce, the second edition of Kerman IDEX is scheduled to be held in the southern province on May 13-16.

Local Chambers

Iran reports major growth in annual exports to Russia

An official at Iran’s Trade Promotion Organization (TPO) said the country’s export of products to Russia in the previous Iranian calendar year to late March registered a considerable growth both in volume and value.

Trade

Iran plans to supply solar electricity to half of household consumers

Iran has plans to supply half of the household consumers with solar-generated electricity in the middle term, ISNA news agency reported, citing related officials.

Energy

An official at the Iranian Embassy in Afghanistan said that Iran exported over $1.8 billion worth of non-oil products to the neighboring country in the previous Iranian calendar year to late March.

Iran’s non-oil exports to Afghanistan hit $1.8 billion in one year

Trade

Iran’s new PMI data for the fiscal month of Esfand (February 20 – March 19, 2024), released by the country’s Chamber of Commerce, has marked a 10-month high.

Iran’s monthly PMI hits 10-month high

Macro Economy

Iran has lifted all restrictions on domestic airports which were imposed after the country’s harsh response late Saturday to a last week Zionist attack on Iran’s consulate in Damascus. There were reports that Tel Aviv might decide to retaliate.

All Iranian flights back to normal after regional tensions

Iran Economy

Iran has produced more than 635,000 metric tons (mt) of aluminum ingots over the past calendar year to March 19, report suggests.

Iran’s annual aluminum ingot output surges to 635,000 mt

Mine and Industry

“Participation of people in Iranian economy has to be facilitated”

Iran Chamber

The Organization of Petroleum Exporting Countries (OPEC) in its latest report revealed that Iran’s oil production volume increased 28,000 barrels per day in March 2024.

Iran’s oil price, output surge in March 2024: OPEC

Energy

Iran’s cement exports have grown by 12 percent in nearly two years, according to figures by Iran’s Cement Industry Producers Association.

Iran’s cement exports up 12% in nearly two years: Official

Mine and Industry

Iran has exported as much as $2.217 billion worth of goods to India during the past Iranian calendar year to late March, according to an official with Iran’s Trade Promotion Organization (TPO).

Iran’s annual exports to India hit $2.217 billion

Trade

Iran has exported over €36.5 million worth of saffron to Spain in 2023 which shows an 11.4% decline compared to figures from the preceding year, according to a report.

Iran’s saffron exports to Spain down 11.4% YOY

Agriculture and Environment

Iran’s Ambassador to Moscow Kazem Jalali has said that the Islamic Republic is seeking to gain an observer status in the Eurasian Economic Union (EAEU) in the near future.

Iran seeking observer status in Eurasian Economic Union

Trade

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.