Press TV

US reviewing sanctions waiver on Iran fuel sales to Afghanistan

The administration of US President Joe Biden is reportedly reviewing a 2018 sanctions waiver, which allowed Afghanistan to purchase Iranian gasoline and gasoil.

Trade

Iran plans to cut sugar imports with increased domestic output

An official at the Iranian agriculture ministry (MAJ) says domestic output of sugar would be enough to meet some 70% of the country’s demand for the produce in fiscal year to March 2020.

Trade

Iran earns $9bn from petrochemicals exports in one year

A senior official at Iran’s National Petrochemical Company (NPC) says exports of petrochemicals were responsible for a fourth of all non-crude shipments exported from the country in the year to late March.

Energy

Iran eyes $5bn rise in non-oil exports in H2 fiscal year

Iran’s minister of trade Reza Fatemi Amin says non-crude exports from the country could surge by $5 billion in the second half of the calendar year to late March.

Trade

Iran plans to raise petrochemical production

Iran will connect eight more petrochemical complexes to its state-of-the-art ethylene transfer pipeline as the country seeks to increase production and create more jobs in the petrochemical sector.

Energy

Iran posts $1.263bn trade surplus for month to late August

Iran’s customs office (IRICA) has posted a trade surplus of $1.263 billion for the calendar month to August 22 as sales to China accounted for a bulk of the rise in the shipments.

Trade

Iran lifts ban on tire exports to ease oversupply

Iranian tire manufacturers have been allowed to start exports of their products for a first time in years as market authorities seek to ease a domestic oversupply.

Mine and Industry

Minister says sanctions deprived Iran of $100bn in oil revenues

New Minister of Petroleum Javad Owji says the "tyrannical" US sanctions have deprived Iran of 1.8 billion barrels of oil exports and more than $100 billion of revenues.

Energy

Iran-UAE trade tops $7.3bn in 5 months

The value of trade between Iran and the United Arab Emirates reached $7.3 billion in the five months to July 22, according to figures by Iran’s customs administration (IRICA).

Trade

Nearly 15% of Iranians have social media businesses: Poll

A major poll conducted in Iran shows that almost 20 percent of people in the country are using social media services for business purposes.

Society Economy