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IRNA

Iran begins gas production at Phase 11 of South Pars: NIOC chief

Iran has begun gas production at Phase 11 of South Pars, the world’s largest gas field, according to the CEO of the National Iranian Oil Company (NIOC).

Energy

Iran extends gas-for-electricity swap deal with Armenia

The National Iranian Gas Company (NIGC) has renewed a contract with Armenia to increase the volume of natural gas exports to the landlocked neighboring country until 2030.

Energy

Iran’s assets in other countries to be released soon: Central bank governor

Two days after official reports about unfreezing Iranian assets in South Korea, governor of the Central Bank of Iran (CBI) says Iran’s funds in some other countries will be released soon.

Iran Economy

Iran’s oil output to hit 3.5 million barrels per day by late September: Official

Iran is expected to produce as much as 3.5 million barrels per day (bpd) by late September despite tough Western sanctions on the country, according to Deputy Oil Minister Mohsen Khojastehmehr.

Energy

Iran wins release of over $10bn worth of blocked funds: Source

A source has revealed that Iran has finally gained access to more than $10 billion worth of its funds that were illegally frozen in bank accounts in South Korea and Iraq because of alleged compliance with US sanctions.

Financial Markets

Iran, BRICS already engaged in practical partnership: FM

Iranian Foreign Minister Hossein Amirabdollahian has said that the practical partnership between Iran and the BRICS group has already begun in transportation cooperation, including the International North-South Transit Corridor (INSTC).

Transportation

Iran’s parliament OKs setting up free trade zone on Afghanistan border

Iranian lawmakers have approved a bill to establish the Dogharoon Special Economic Zone on the Iran-Afghanistan border.

Trade

Iran, Iraq agree to complete Shalamcheh-Basra railway

Iran and Iraq have agreed to continue their bilateral cooperation to establish joint industrial zones and complete the Shalamcheh-Basra railway.

Transportation

Iran capable of transmitting 1 bcm/d of gas to different areas: Official

Iranian Gas Transmission Company (IGTC) is capable of transmitting as much as 1 billion cubic meters per day (bcm/d) of gas to different parts of the country, IGTC managing director announced.

Energy

Official report puts Iran’s four-month foreign trade at $35.5 billion

Iran has exchanged as much as $35.5 billion worth of goods with different world countries in the first four months of the calendar year (March 21 – July 21), according to a recent report by the Islamic Republic of Iran’s Customs Administration (IRICA).

Trade

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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