Iran using all resources to sell oil in grey market: Official

Tehran says the US sanctions won’t hinder its continued efforts to sale oil in unofficial ’grey market’. Iranian authorities and energy analysts believe Iran would be able to export as much as 600,000 bpd.

Iran opens new steel mill to up annual output by 250k tons

The new company, located in the west of Iran, is supposed to add to the country’s annual steel production, as well as export the crude product to the neighbouring countries of Iraq and Syria.

CBI eyes more SPVs with ‘friendly neighbours’ to counter US sanctions

Iran’s main financial institution has devised a six-point contingency plan to resist possible consequences of the US move no to renew sanctions waivers for clients of Iranian energy.

INSTEX Iranian counterparty ready for ‘coordinated’ trade exchange: CEO

Special Trade and Finance Instrument between Iran and Europe (STFI), called SATMA in Persian, was registered on 22 April in Tehran in a bid to further facilitate Iran-Europe trade in the wake of US sanctions.

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‘India to set trade priorities with Iran to further facilitate bilateral commerce’

New Delhi envoy to Iran Gaddam Dharmendra says India has made good progress in developing Chabahar Port to diversify its trade relations with Iran. He believes two countries need to prioritize items under the sanctions.

Groundwork laid for boosting economic ties with Syria: Iran pres. advisor

Hasan Danaifar, an economic advisro to the Iranian president and head of the Committee for Developing Economic Relations between Iran, Iraq and Syria says there are necessary frameworks to strengthen the trade relations between Tehran and Damascus.

Iran in talks to lease Syrian Mediterranean port: Senior official

Danaifar, a senior economic advisor to the Iranian president as well as secretary of the committee to develop Iran’s economic ties with Iraq and Syria says the negotiations are underway to secure Tehran’s access to the Mediterranean Sea.

‘There is big chance for economic cooperation between Syria, Iran’

President of Damascus Chamber of Industry (DCI) Samer al-Debs believes sanctions that have been imposed on both Iran and Syria are good opportunities for both countries to work more closely than before.

Iran-Syria business forum

Damascus Chamber of Industry President Samer al-Debs, Keyvan Kashefi, President of Iran-Syria joint economic committee, Hassan Danaifar, secretary of the committee to develop Iran’s economic relations with Iraq and Syria, Fahad Darwish, vice president of Syria-Iran joint economic committee as well as Syrian envoy to Iran Mahmoud Adnan led the sixth joint business forum at ICCIMA on 1 May.

Syria in urgent need of raw materials: Damascus Chamber of Industry

The Arab country eyes shedding the dust and rebuilding itself after eight years of a devastating war that has left it in ruins. Iranian raw materials are the most-need items that Damascus needs in reconstruction era.