Crude output at 6.5 million bpd a must for Iran: Zanganeh

Iran’s oil minister says the country’s crude output has to reach 6.5 million barrels per day (bpd) in the very near future and before global conventions can hamper any increase in production.

Iran to start using domestic coronavirus vaccine in few days

Iran has approved the use of its flagship coronavirus vaccine CovIran Barekat for a public inoculation program that is set to begin in few days.

Iraq to release $125m of frozen funds to Iran for vaccine purchase

The Iraqi government will free $125 million in debt to Iran to pay for Iran’s Covid-19 vaccine order, Iranian Energy Minister Reza Ardakanian said.

Iran tanker held in Indonesia back on its mission

The National Iranian Tanker Company (NITC) says a crude oil tanker that had been held for more than four months off the Indonesian coast is back on its mission after being released by local authorities.

Iran ready to ramp up grain exports to Russia

Iran’s agriculture minister Kazem Khavazi has declared Iran’s readiness to increase grain exports to Russia as he presses for more joint investment schemes between the two countries.

Neighbors top priority in economic ties: Key presidential candidate

Presidential candidate Seyyed Ebrahim Raeisi says he will work, if elected, to promote the country’s economic relations with its neighbors first, and the rest of the world community next, as part of the measures on his agenda to tackle the people’s economic problems.

ICCIMA president, Bulgarian amb discuss boosting economic ties

President of Iran Chamber of Commerce, Industry, Mines and Agriculture (ICCIMA) says Iran and Bulgaria could strengthen their cooperation in automobile parts manufacturing, tourism, food industries and agriculture.

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Bulgarian ambassador to Tehran visits Iran Chamber of Commerce

Ambassador of Bulgaria to Iran Nikolina Kuneva visited Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and held talks with Gholam Hossein Shafei, president of the ICCIMA.

Iran cuts $5.4bn worth of imports by boosting local manufacturing

Figures by Iran’s ministry of industries (MIMT) shows that a campaign to launch local manufacturing for imported goods and machinery helped cut the government’s imports bill by around $5.4 billion in the 18 months to late March.

Iran, EU trade at €1.05 billion in Q1 2021

Iran’s trade with 27 members of the European Union (EU) reached €1.05 billion worth of goods and commodities in the first quarter of 2021, to post a 3.15% decline compared with the previous year’s corresponding period.