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Iranian, Portuguese SMEs to use INSTEX to expand business ties

Although Portugal was the 75th destination of Iranian exported products, businessmen from this European country have traveled to Iran to expand business relations between the two countries as the creation of INSTEX has seemingly breathed new air into Iran’s trade with Europe.

Trade

Japan to continue Iran oil purchase: envoy

Japan has been one of the eight countries that have been exempted from the US sanctions to be able to buy energy from Iran. Tokyo says it’s willing to import Iranian crude but needs an extension of its waiver.

Energy

Top Iranian business delegation attends joint Syria-Iran business forum

Gholam Hossein Shafei, President of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) headed a high-level Iranian business delegation to attend a joint business forum between Syria and Iran that was held in Dama Rose Hotel in Damascus on 29 January.

Photo Gallery

Post-war Syria, Iran’s golden investment opportunity

Allies since the onset of Iran’s Islamic Revolution of 1979, Tehran and Damascus have developed their ties, mostly political, over the years. Economic relations have been put on the back burner for years, but now Syria’s open-door policy for Iranian firms is a gold opportunity that mustn’t be missed.

Trade

Iran opens 3rd phase of Persian Gulf Star refinery to become self-sufficient gasoline producer

The Persian Gulf Star gas processing plant is the most modern and the largest project of its kind in Iran and the largest in the world that has been developed to not only help country stop importing gasoline but also turn into a potential exporter of this product.

Energy

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