Press TV

Lifting Iran sanctions to ease global energy crisis: Minister

Iranian Oil Minister Javad Owji says removing sanctions from Iran’s hydrocarbon sector would be key to resolving a global energy crisis that has affected supplies in many Western countries.

Energy

Iran to accept tourists soon as COVID restrictions ease

An Iranian government minister says the country will resume issuing tourism visas soon as it seeks to end a 19-month suspension caused by the spread of the coronavirus pandemic.

Macro Economy

Economic Cooperation Organization launches key road corridor via Iran

Iran’s customs office (IRICA) says a key road corridor operating under the auspices of the Economic Cooperation Organization (ECO) that links Pakistan to Turkey via Iran has been launched on a pilot basis.

Transportation

Traders press for lifting of Iran’s ban on rice imports

Traders are urging the Iranian government to lift a seasonal ban on rice imports amid a reported shortage that has caused prices of the domestic rice crop to soar.

Trade

Iran’s exports up 61% in H1 fiscal year

Iran’s customs office (IRICA) says that exports from the country rose by 61% in value terms in the first half of the calendar year that started in late March.

Trade

Iran’s five-month home appliance output up 8.7%

Figures by Iran’s ministry of industries (MIMT) shows home appliances production in the country kept growing at a robust rate in the first five months of the current calendar year to reach over 2.61 million units.

Mine and Industry

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