Iran has reported a major increase in its motorbike production in the nine months to late December as local manufacturers seek to ramp up exports to neighboring countries where cheap Chinese products dominate the markets.
Latest figures by the Iranian customs office (IRICA) show that non-oil exports from the country rose significantly in the 10 months to December compared with the same period last year.
Iran aims to meet a target of $6-7 billion in steel exports in the year to March as the country ramps up domestic production amid a tight international market where demand for Iranian steel has kept rising.
Iran’s daily natural gas output has reached over 1 billion cubic meters (bcm), according to a senior official in the National Iranian Oil Company (NIOC).
Iran has taken delivery of five second-hand planes to boost the fleet size of its domestic airlines amid sanctions that have effectively barred the country from purchasing brand new aircraft.
Iran moved up three places in the global ranking of top steel producers to seventh position in November with a total output of 2.9 million metric tons (mt), according to a report published in the local media.
An Iranian Oil Ministry official says the country has halted taking new orders for exports of gasoline as domestic demand for the fuel rises to all-time highs.
Iran’s oil production has reached 3 million barrels per day, Minister of Petroleum Javad Owji says.
Russia’s second largest bank the VTB has launched a first transaction service involving the Russian rouble and Iranian rial, according to reports published in the Russian media.
Iran’s Ports and Maritime Organization (PMO) says it will send a delegation to India within the next week for final talks on India’s long-term presence in Iran’s port of Chabahar.