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Press TV

Iran’s oil exports to China hit historic record in August: Report

Iran’s exports of oil to China hit an all-time record in August despite continued US pressure on the country, according to a report published in the local media citing data from a major international energy data company.

Energy

Iran’s steel exports up 36% YOY in March-June

Iran’s exports of steel rose significantly in the four months to late July this year with China being responsible for more than a third of purchases, according to figures by state-run metals and mining company IMIDRO.

Mine and Industry

Petrochemicals account for over 30% of Iran’s exports

Petrochemicals accounted for over 30% of Iran’s non-oil exports in the calendar year to late March, according to a senior industry figure who says overseas sales could further increase with more government support and better pricing mechanisms for feedstock.

Mine and Industry

Iran’s largest gasoline supplier reports 15% rise in output

Iran’s largest gasoline supplier has ramped up output by 15% this year compared to levels seen in 2022 amid a rising demand for fuel in Iran that has been exacerbated by smuggling activity across the borders.

Energy

15 new EV charging stations launched in Tehran to expedite electrification of transport

Iran’s ministry of industry (MIMT) has launched 15 new electric vehicle (EV) charging stations in the capital Tehran as part of a rapid process to electrify transport in the city.

Transportation

Iran says disputed gas field with Kuwait ’not a big problem’

Iran believes a dispute with neighboring Kuwait surrounding a gas field in the Persian Gulf is not a big problem as a senior diplomat says the issue can be resolved given the good relations that exist between the two countries.

Energy

Iran’s annual inflation rate drops 0.8% in August

Figures by the Iranian government’s statistics agency the SCI show the headline inflation rate in the country fell slightly in the calendar month to August 22.

Macro Economy

Iran’s seven-month trade with China at $8.54 billion

Iran-China trade had reached $8.54 billion in the first seven months of 2023, according to latest data by the Chinese Customs Authority.

Trade

Iran’s wheat output reaches milestone of 10 million mt

Iran’s ministry of agriculture says this year’s domestic wheat purchases have reached a milestone of 10 million metric tons (mt).

Agriculture and Environment

Report reveals more details of unblocking Iranian funds in South Korea

The process to unblock Iran’s funds in South Korea that have started under an emerging prisoner swap deal between Iran and the US would take at least four weeks, according to a report published by a local Iranian news agency.

Iran Economy

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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