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IRNA

China imports record high oil from Iran

China has posted a record high in oil sales from Iran, according to a Reuters report.

Energy

Iran’s six-month shrimp exports up 22% YOY

Iran has exported some 13,500 tons worth $60 million of shrimp in the first six months of the Iranian calendar year (March 21 – September 22), according to a person with the knowledge of the matter.

Iran Economy

Official puts Iran’s oil production at 3.4 million bpd

The spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters’ Union says Iran’s oil production has increased to 3.4 million barrels per day (bpd), despite US sanctions aimed at curbing oil exports and the associated revenue to Iran’s government.

Energy

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

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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