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IRNA

Iran’s crude output up by 350k barrels per day in 2023

Data from the International Energy Agency (IEA) show that Iran’s crude oil output has increased by about 350,000 b/d since the beginning of 2023 in spite of US-led sanctions targeting the country’s oil sector.

Energy

Iran-China trade hits $6.5 billion in 5 months

The value of bilateral trade between Iran and China reached $6.5 billion during the first five months of 2023, Chinese customs data says.

Trade

Iran parliament approves Nikbakht as new agriculture minister

Lawmakers in the Iranian parliament have voted to approve Mohammad Ali Nikbakht to lead the country’s Ministry of Agriculture Jihad (MAJ).

Iran Economy

Iran, Uzbekistan plan to increase annual trade to $3 billion

Iran and Uzbekistan have set a target for doubling the volume of bilateral trade in the first step and then increasing it to hit $3 billion, according to Iran’s President Ebrahim Raeisi.

Trade

Iran aluminum output at over 112k mt in April-May

Iran’s four aluminum smelters have produced 112,767 metric tons (mt) of aluminum ingots in the first two months of the Iranian calendar year (starting on March 21, 2023).

Mine and Industry

Iran, Nicaragua sign major cooperation documents

Iran and Nicaragua have signed major cooperation documents as part of President Ebrahim Raisi’s visit to the Latin American country.

Trade

Germany imports Iranian oil despite sanctions

Germany has imported a major petroleum shipment from Iran for the first time in five years, according to the latest data by Eurostat, the statistical office of the European Union.

Energy

Iran’s steel output at 30.6 million mt in 2022: Worldsteel

Iran produced as much as 30.6 million metric tons (mt) of steel in 2022 to remain the world’s 10th largest steel producer, according to a recent update by the World Steel Association (worldsteel).

Mine and Industry

Iran’s trade with neighbors rises 14.5% YOY in year to March

Official figures published by the Iranian finance ministry show that trade exchanges between the Islamic Republic and its neighboring countries rose by 14.5% in value terms in the last Iranian calendar year 1401 (March 21, 2022-March 20, 2023) compared to the year before.

Trade

Iran’s tax revenues up 45% YOY in March-May

Iran’s National Tax Administration (INTA) collected as much as 880 trillion rials ($1.762 billion) of taxes in the first two months of the current Iranian calendar year (March 21 – May 21), according to INTA chief Mohammad Hadi Sobhanian.

Macro 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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