IRNA

Iran, Saudi Arabia take initial measures for oil cooperation: Official

In the wake of the normalization of ties between Iran and Saudi Arabia, the two countries are taking the initial measures for oil cooperation, according to an Iranian deputy oil minister.

Energy

Official says Iraq has fully settled gas debt to Iran

Iraq has completely settled an overdue debt to Iran for its gas imports from the country, according to an Iranian deputy oil minister.

Energy

Iran’s Q1 auto output at 325k: Official

Iran produced some 325,000 cars in the first three months of the current calendar year (March 21 – June 21), according to a senior official with the country’s Ministry of Industry, Mine and Trade (MIMT).

Mine and Industry

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