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Iran Chamber Newsroom

Iranian crude to be put on stock sale for fifth time

Iran’s state oil company NIOC launched another round of oil sales on IRENEX although the third and fourth offers failed to find any potential buyers. So far, only one million barrels of oil have been sold through energy stock market.

Energy

Iran, Turkey agree to speed up lorries entrance at Bazargan border

Officials from Bazargan-Gurbulak border customs have reached an agreement to clear hundreds of cargo trucks on a daily basis to upgrade their economic ties to up to 30 billion dollars as Iran looks more towards its neighbors in the face of unilateral US sanctions.

Trade

Iran non-oil exports to regional countries show double-digit rise in 10 months

The increases are a clear sign that Iran is looking more to strengthen its economic relations with its neighbours, especially with those it shares borders, in the wake of intensified unilateral US sanctions.

Trade

Iran, India, Afghanistan to celebrate Chabahar Day on 26 February

The port is Iran’s only exit way to international waters passing through the Sea of Oman. New Delhi has rapidly been developing the strategic port in a bid to export its commodities to Afghanistan bypassing Pakistan.

Transportation

Iran exports to Russia up 36% in 2018

Tehran has been eyeing a bigger share of the Russian market by increasing its exports to the country which has led to a hike in their bilateral trade.

Trade

South Korea restarts Iranian oil imports before waiver window shuts down

The world’s fifth-largest crude importer won a six-month waiver in November from U.S. sanctions on Tehran’s oil exports, but did not immediately start imports, mainly due to payment and insurance issues.

Energy

Russia to join INSTEX as ruble replaces dollar in Tehran-Moscow trade

The special purpose channel was launched late January as part of the European Union efforts to help Iran enjoy the economic dividends of the nuclear deal that’s been jeoperdised by the US walkout last May.

Trade

Iran external debt down over 12% to $10.03bn

Although the figures show a downward move, experts believe it’s a not a good new per se as it could mean how small a country’s economy is or its inability to borrow from international lenders.

Macro Economy

Tehran tells Beirut to trade in Lebanese pound

Iran’s trade relationships with Lebanon are not very significant compared with Syria or Iraq. Foreign Minister Zarif’s recent visit to the Middle Eastern country has been aimed at pushing economic cooperation.

Trade

Iran sits at UN TIR Executive Board for second time

Irans representative has been chosen for the second time as a member of the TIR Executive Board (TIRExB). TIR Convention, signed in 1975 in Geneva, facilitates goods transit between 76 countries that have joined it. The Convention cover Europe, Central Asia, Middles East and even South America.

Transportation

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.

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