Russia’s Energy Minister Sergei Tsivilev says the country’s annual trade with Iran has experienced a 16.2% surge to hit $4.8 billion in 2024.
The deputy head of the board of trustees of Iran Pistachio Association has announced a significant increase in pistachio exports in the second half of last year.
In a meeting held by the Organization for Investment, Economic, and Technical Assistance of Iran, foreign investments totaling $7 billion were approved across various sectors.
Government spokesperson Fatemeh Mohajerani says Iran’s exports of oil cannot be stopped despite sanctions imposed against the country.
President Pezeshkian says improper energy consumption is among the primary challenges facing the energy sector and apologizes for the inconveniences caused by energy imbalances and recent power outages.
Deputy Minister of Industry, Mine, and Trade Hossein Farhidzadeh also said this year’s power outages had caused more than $108 million per day in damage to the Iranian industrial sector.
Iran’s oil production capacity is set to rise by 40,000 barrels per day (bpd) following the launch of a desalination plant in the country’s southwest, Oil Minister Mohsen Paknejad has announced.
Iran Airtour, a private airline, is launching direct flights from Tehran to Paris, despite Western sanctions targeting the country’s aviation industry.
Russia’s second largest bank, VTB, has said it is scheduled to convert its Tehran office into a branch.
Iranian government spokesperson Fatemeh Mohajerani says joining the Financial Action Task Force (FATF) can facilitate making investments in the Islamic Republic.