Iran seeks to connect its Persian Gulf to the Mediterranean Sea through road and rail links that go through Iraq. The groundwork has been laid for the construction as Tehran has signed several agreements with Damascus and Baghdad.
The two countries eye expansion of trade ties through a corridor that connects Black Sea with the Caspian Sea.
India imported about 5 percent more oil from Iran in the last fiscal year through March as companies raised purchases ahead of US sanctions against Tehran from November, preliminary tanker arrival data obtained from shipping and industry sources showed.
The two countries’ mutual trade has fallen to less than 100 million dollars under the current US sanctions. But, deputy ICCIMA for international affairs says there is a huge potential to raise the trade to one billion dollars.
Iran National Research and Education Network (SHOA, in Persian) won on Wednesday an important prize as an E-Science project at the World Summit On the Information Society in Geneva, Switzerland.
The International Federation of Red Cross and Red Crescent, the UN and the German Red Cross have opened payment channels to raise funds to help those heavily affected by the devastating floods in vast swathes of Iran.
Three weeks of intense rainfalls, deadly flash floods and colossal damage have made local chambers of commerce to rush to aid those affected by the recent inundation in large parts of Iran.
The plan is part of Iran’s wider approach to promote ties with regional countries. Western neighbours are now the country’s economic priority following the US sanctions.
China International Contractors’ Association (CHINCA) says it wants to invest more in various projects in Iran as trade volume between two countries is eye-catching. He doesn’t detail which sectors are on its list.
One million barrels of the Iranian light crude will be put on sale on IRENEX as the country faces US sanctions on its vital oil sector.