Press TV

Iran set to increase oil exports despite sanctions: Minister

Iranian Oil Minister Javad Owji says crude oil exports from the country will further increase in the upcoming months despite the growing pressure of the US sanctions on the Iranian energy sector.

Energy

Russia’s Gazprom chief in Tehran for energy talks

CEO of Russia’s state energy company Gazprom Alexey Miller has arrived in the Iranian capital Tehran to hold high-level talks on joint projects between the two countries.

Energy

Iran discovers first lithium reserve

Iran has announced the discovery of its first lithium ore deposit amid extensive exploration activity in the country’s metals and mining sector.

Mine and Industry

Iran’s rial rebounds from historic low

Iran’s rial starts to recoup part of losses it suffered in recent days amid heavier cenbank intervention.

Financial Markets

Iran moves upward to ninth biggest world steel producer in January

Iran has moved up one position to ninth in the world’s ranking of largest steel producers in January, according to figures by World Steel Association (worldsteel).

Mine and Industry

Iran eyes $2bn worth of dairy exports to China by 2025

Iran’s agriculture minister says dairy export to China will amount to $2 billion in the next two years.

Trade

Major Iranian carmaker signs deal for exports to Russia

Iran’s second largest carmaker Saipa has finalized a contract to launch exports to Russia amid efforts by Iranian automotive companies to expand their presence in the Russian car market.

Mine and Industry

Iran raises its oil prices for Asian buyers

Iran has raised the official selling price (OSP) of its Iranian Light crude oil grade for Asian buyers, a report says.

Energy

Iran aluminum output up 17% in 10 months to late January

Iran has reported a significant increase in its production of aluminum amid a broader boom in activity in the country’s metals sector.

Mine and Industry

Iran opens new exchange center as rial hits record low

The Central Bank of Iran (CBI) is launching a new center for exchange of foreign currencies and gold amid efforts to prevent a further decline in the value of national currency the rial.

Financial Markets