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IRNA

Iran’s oil output unchanged at 2.65mn bpd in March

Iran’s oil output in March remained unchanged at 2.65 million barrels per day (bpd), compared to the previous month, according to the International Energy Agency (IEA).

Energy

Iran determined to ditch US dollar in trade: CBI governor

De-dollarization is a strategic policy pursued by the Central Bank of Iran (CBI), says CBI Governor Mohammadreza Farzin.

Financial Markets

Iran’s petroleum output does not match reserves: Minister

Iran’s current oil and gas production does not match the country’s recoverable reserves, Iranian Oil Minister Javad Owji has said.

Energy

Iran’s foreign trade hits $6.7 billion in month to late April

Iran’s trade exchanges with different world countries reached $6.7 billion in the first month of the current Iranian calendar year (March 21 – April 20), according to figures by the country’s customs office.

Trade

Transit through INSTC more than quadruples

The International North-South Transit Corridor (INSTC) has witnessed a whopping surge in cargo transit after its marine route via the Caspian Sea became operational by Khazar Sea Shipping Lines Company (KSSLC), according to the company’s managing director.

Transportation

Iran, Russia banks set to link messaging systems: Ambassador

Iranian Ambassador to Russia Kazem Jalali has said that Iran and Russia have begun pilot linking of their banking messaging systems and will finalize the scheme soon.

Financial Markets

Iranian minister acknowledges resumption of trade ties with Riyadh

Iran and Saudi Arabia have seemingly resumed trade ties after a thaw of diplomatic relations between the two countries, Iranian Minister of Industry, Mine, and Trade Reza Fatemi Amin said on Tuesday.

Trade

Iran’s largest gas field recruits nearly 3,000 new workers

As many as 2,970 local people were recruited in South Pars Gas Field in southern Iran, the country’s largest gas reserve and one of the largest in the world, over the past Iranian calendar year to March 21, a local official said.

Energy

Moscow welcomes Iran’s presence in Russia’s dairy market

Russia welcomes the active contribution of Iranian companies to the fish and dairy market of the European country, a Russian official said.

Mine and Industry

Iran announces major cabinet reshuffle

Iran’s Government Spokesman Ali Bahadori Jahromi says that the head of the Planning and Budget Organization and the agriculture minister have been replaced in a reshuffle in the economic team of the cabinet.

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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