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Press TV

Iran, Turkey sign accords for Pakistan, China railway link

Iran and Turkey have signed three documents to expand transnational rail services linking them to Pakistan, Afghanistan and China, an official says.

Transportation

Iran’s steel exports in December up 35% yoy

Iran exported 35 percent more of its steel products in the calendar month to late December compared to the similar month in 2019, shows a report, as the country’s trade of lucrative metals starts rebounding after months of reduced activity because of the pandemic.

Trade

OPEC+ output boost insignificant: Zanganeh

Iranian Oil Minister Bijan Namdar Zanganeh says a Tuesday decision by an international grouping of oil producers known as OPEC+ to slightly narrow supply cuts agreed for January would not have a significant impact on global prices.

Energy

Iran spent $15.5m on masks imports in 8 months

Iran spent $15.5 million on imports of various types of face masks to control the spread of the coronavirus in the 8 months to late November before becoming a net exporter of the protective item in later months of 2020, shows a report.

Society Economy

Iran to quarantine travelers from UK

Iran has ordered quarantine measures affecting travelers who arrived from the United Kingdom over the past two weeks amid reports that a new variant of the coronavirus has been circulating in the European country.

Transportation

Iran starts drilling work at South Pars largest phase

Iranian domestic energy companies have started drilling for natural gas at a major gas field in the Persian Gulf where operations had stalled indefinitely two years ago after foreign energy giants left the filed under US pressure.

Energy

Iran to add 5,000 new buses to its urban transportation systems

The Iranian government has approved funds needed to supply 5,000 new buses to urban transportation systems across the country to help ease congestion and crowding in cities that are believed to fuel the spread of the coronavoirus pandemic.

Transportation

Iran copper exports down 63% YoY in 7 months to October

Iran has seen its exports of copper products decrease significantly in the seven months to late October this year, shows a report, as curbs imposed at borders because of the coronavirus pandemic hits the country’s trade of the lucrative metal.

Mine and Industry

Iran reports $118 million trade surplus for October-November

Iran’s customs office (IRICA) says the country’s balance of trade turned positive for first time this calendar year in the month to late November.

Trade

Iran launches three major oil projects

Iran has launched three major oil projects with an investment amounting to $1.25 billion as the country presses ahead with plans to expand its massive energy sector.

Energy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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