IRNA

Iran’s Q1-3 steel output hits 22.1 million mt

Iran has produced as much as 22.1 million metric tons (mt) of steel in the first nine months of 2023, showing a 0.6% decline compared to last year’s corresponding period, according to World Steel Association (worldsteel).

Mine and Industry

Iran eyes buying shares of New Development Bank

Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari has said that Iran is seeking to buy shares of the New Development Bank (NDB) – formerly known as BRICS Bank – which he said would allow Iran to take loans from the bank for exports of techno-engineering services.

Iran Economy

Iran underscores trade with Belarus in national currencies

Iranian First Vice President Mohammad Mokhber has termed using the national currencies in Iran and Belarus trade exchanges as one of the significant tools in strengthening the economies of the two countries.

Trade

Iran, Russia discuss transportation cooperation

Senior officials from Iran and Russia have explored ways for more enhanced cooperation between the two countries on infrastructure and transportation areas.

Transportation

Iran plans to launch $15 billion worth of oil, gas projects within months

Iranian Oil Minister Javad Owji has said that 75 important oil and gas projects worth $15 billion will be inaugurated by the end of the current Iranian calendar year (March 19, 2024).

Energy

Official expects Iran-Belarus trade to hit $400 million in two years

Head of Trade Promotion Organization of Iran (TPO) Mehdi Zeighami has expressed hope that the annual trade between Iran and Belarus will reach as much as $400 million within the next two years.

Trade

Iran receives $43 mln in damages from US government

Iran says it has received $43 million in damages from the United States under Case No. A15 of the Iran-United States Claims Tribunal.

Iran Economy

Kyrgyzstan says in talks with Iran over oil supply to refinery

Kyrgyzstan plans to relaunch its Zhongda oil refinery in the city of Kara-Balta within two years, using oil provided by Iran, Russia and Kazakhstan, Kyrgyz Chairman of Cabinet of Ministers Akylbek Japarov has said.

Energy

“Iran, Russia carrying out 90% of bilateral trade in national currencies”

The share of national currencies in commercial transactions between Russia and Iran has increased to 90 percent, according to the head of Russia’s Federation Council Committee on the Budget and Financial Markets.

Financial Markets

Russian cargo in Iranian port for transshipment to Saudi Arabia

A Russian cargo train has reportedly arrived in the port city of Bandar Abbas in southern Iran where the cargo is to be transshipped aboard ships to continue its journey to Saudi Arabia.

Transportation