Press TV

Iran, Armenia sign barter trade deal

Iran and Armenia have signed a barter trade deal after opening a large Iranian trade center in the Armenian capital Yerevan.

Trade

Report puts Iran’s annual imports of cooking oil at $4.3 billion

Iran’s imports of cooking oil and oil seeds reached some $4.329 billion in the calendar year to late March, according to a report which shows that the country has a long way to go to become self-sufficient in production of those commodities.

Agriculture and Environment

Iran seeking to enter into payment arrangements with OIC countries

Iran is seeking to set up independent payment systems with Muslim countries to avoid sanctions that hamper regional and international trade.

Financial Markets

Iran’s six-month customs revenues up 39% YOY

Iran’s customs office (IRICA) says its revenues rose significantly in the first half of the calendar year that started in late March.

Iran Economy

Iran building 2,800 kilometers of new railways

A senior official in Iran’s transportation ministry says the country is building some 2,800 kilometers of new railways.

Transportation

Iran’s largest petcehm company eyes 15% increase in output

Iran’s largest petrochemical company the PGPIC aims to increase its annual output by more than 15% this calendar year despite the continued pressure of US sanctions on the country’s petroleum industry.

Mine and Industry

Iran’s five-month tax revenues at $6.88 billion

Figures released by the Iranian National Tax Administration (INTA) show that the country earned more than $6.88 billion in tax revenues in the five months to August 21.

Macro Economy

Iran reports major increase in exports to Iraq

Iran has reported a major increase in exports to Iraq as authorities hope trade with the neighboring country could experience a record in the calendar year to March.

Trade

Iran to speed up Janja copper mining project in southeastern Sistan and Baluchistan

Iran is planning to speed up Janja copper mining project in its southeastern Sistan area, near the border with Afghanistan.

Mine and Industry

Iran’s five-month trade with neighbors up 16% YOY

Iran’s trade with 15 neighboring countries, including with states it shares maritime borders, rose by 16% in the five calendar months to late August.

Trade