Press TV

Iran to ramp up cooking oil imports to prevent domestic shortages

Iranian agriculture ministry (MAJ) plans to ramp up imports of cooking oil into the country to prevent any shortages that could be caused by the military conflict between Russia and Ukraine.

Trade

Iran offers fourth COVID shot for health workers, vulnerable groups

The Iranian health ministry has mandated the use of a fourth booster coronavirus (COVID-19) vaccine for the elderly and vulnerable groups as well as for frontline health workers.

Society Economy

"Iraq’s energy debt to Iran reduced to over $1 billion"

A senior businessman watching over trade between Iran and Iraq says Baghdad has reduced its unpaid energy bill to Tehran to just over $1 billion from more than $5 billion reported in late 2020.

Energy

Iran pistachio exports down 33% in fiscal 2021-22

Iranian customs office (IRICA) figures show pistachio exports from the country declined by nearly a third in the calendar year to March 20.

Agriculture and Environment

30% of Iran’s last year total exports sent to China

The Iranian customs office (IRICA) says China bought nearly 30% of all Iranian exports in the year to late March as the East Asian country continued to defy US pressure and deepened its trade ties with the Islamic Republic.

Trade

Iran temporarily closes main border crossing with Afghanistan

Iran has temporarily closed its main border crossing with Afghanistan over what authorities described as Afghanistan’s uncoordinated move to build a road along the frontier.

Transportation

IMF forecasts Iran economy to grow by 3% in 2022

The International Monetary Fund (IMF) expects the Iranian economy will continue to grow in 2022 despite continued pressure on the country because of American sanctions and the economic impacts of the coronavirus pandemic.

Macro Economy

Iran imposes 18% tariff on exports of raw steel, cement

Iran’s ministry of trade (MIMT) has imposed a tariff of 18% on exports of raw steel, cement and some key metals to prevent supply shortages and price rises that could cause problems for local industries.

Mine and Industry

Iran’s annual inflation at 40.2% in late March: SCI

The Statistical Center of Iran (SCI) has reported an annual inflation rate of 40.2% for the calendar year to March 20, a decline of 3.8% against the year to March 2021.

Macro Economy

Iran’s largest crude producer increases output by 600,000 bpd

The National Iranian South Oil Company (NISOC), which is the largest oil and gas company in the country in terms of output, says it has increased its production by nearly 600,000 barrels per day (bpd) compared to figures recorded in August.

Energy