Press TV | Iran Chamber Newsroom

South Pars Phase 11 to begin gas production in winter

Iran will be able to extract natural gas from a difficult gas field in the Persian Gulf where development works have stalled for nearly five years because of American sanctions on the country, according to a senior official in the Iranian Oil Ministry.

Energy

Iran, Turkey begin talks on 25-year gas supply deal

Iran and Turkey have agreed to start negotiations on a new gas exports deal that will allow increased supply of natural gas from Iran to Turkey for a period of 25 years starting in 2026.

Energy

Iran’s exports to EU in May at €102 million

Figures by the European Union’s statistics agency (Eurostat) show Iran’s exports to EU countries rose significantly in May.

Trade

Iran’s domestic wheat purchases exceed 5 million tons

Iran’s purchases of domestically-grown wheat have exceeded five million metric tons in the harvesting season that began in early April, a sign the country has been successful in its plans to ensure food security at a time of increased uncertainty in the global markets because of the war in Ukraine.

Agriculture and Environment

Iran’s Bank Melli, Russia’s Sberbank sign MoUs to boost cooperation

Iran’s largest lender Bank Melli has signed some major memoranda of understanding (MoUs) with Russia’s largest bank, Sberbank, amid efforts by Iran and Russia to boost their banking and trade ties.

Financial Markets

South Korea says will unfreeze Iranian funds once nuclear deal is restored

South Korea has repeated its position on the return of more than $7 billion of Iranian funds blocked in the country because of American sanctions on Tehran as a top diplomat says the funds will be repatriated once Iran and world powers agree to revive a 2015 nuclear deal, known as the JCPOA.

Trade