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Iran’s oil exports to Asian clients up 61%
Aug 31, 2016 13:06Latest figures show a major rise in Iran’s oil exports to Asia in a yet another indication that the country is moving faster toward its goal a to reach pre-sanctions production levels.
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Iran, Pakistan agree to ditch dollar
Aug 31, 2016 11:42Iran and Pakistan have signed an agreement to re-establish banking relationship and carry out trade transactions in local currencies.
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Iran, Russia ink $1 billion oil rig deal
Aug 28, 2016 08:45Russian shipbuilder Krasnye Barrikady and an Iranian company have signed a deal worth $1 billion to build five offshore drilling rigs for oil and gas exploration in the Persian Gulf.
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Iran’s foreign trade exceeds $35.8bn in 5 months
Aug 23, 2016 15:51Iran says its foreign trade income has surpassed $35.817 billion during the first five months of the current Iranian calendar year (started March 20).
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Turkey awaits Iran okay for huge power deal
Aug 23, 2016 11:44Iran and Turkey’s Unit International have concluded negotiations on $3 billion of investment to build 5,000 megawatts of power capacity, awaiting the government’s go-ahead in Tehran to seal the deal.
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German exports to Iran soar in H1
Aug 22, 2016 12:29Official figures show that Germany’s exports to Iran soared in the first half of 2016 after a series of US-engineered sanctions that had been in place against the Islamic Republic for several years were eventually lifted.
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Russia holds tender for Iran power plant job
Aug 18, 2016 14:56Russia has announced a tender for the development of a key thermal power plant in Iran thus taking the project it was awarded last year one more step toward materialization.
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China seals deals to award loans to Iran
Aug 18, 2016 10:05Iran says it has signed two memorandums of understanding (MoUs) with two major Chinese banks to provide loans for its key development projects.
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Oil exports in Iran at 2.1 m/bpd in June
Aug 17, 2016 15:56Iran says its exports of crude oil reached 2.1 million barrels per day (m/bpd) in June. Yet, a top official in Tehran says the figure is still at least 0.4 m/bpd less than the average volume of oil exports of the country before the US-engineered sanctions were imposed against it.
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Persian carpets recapture US market
Aug 16, 2016 11:43Iran’s prized rug trade is getting a boost from the lifting of sanctions, with exports to the US reclaiming the lost ground in a big way.