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Iran can produce oil, gas for next 100 years, NIOC chief says
May 28, 2023 01:16Given the existing reserves in the country, Iran is capable of producing oil and gas for the next 100 years, the managing director of the National Iranian Oil Company (NIOC) said.
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Asian Clearing Union to launch banking system to rival SWIFT
May 25, 2023 01:02Members of the Asian Clearing Union (ACU), a regional banking bloc that seeks easier clearing of payments between its member states, have agreed to launch a system that will rival the SWIFT international payment network.
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Iran's envoy warns of ‘severe’ impacts of unilateral sanctions on civilians
May 24, 2023 06:02A senior Iranian diplomat has warned of the severe consequences of sanctions on civilians, especially women and children, urging an end to unilateral sanctions on countries.
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Russia’s top banker in Tehran to boost mutual trade
May 24, 2023 03:09Governor of the Central Bank of Russia Elvira Nabiullina has held a key meeting with his Iranian counterpart Mohammad Reza Farzin to discuss ways to improve trade payment and settlement services between the two countries.
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Iran, Indonesia sign agreement to boost bilateral trade
May 24, 2023 02:58Iran and Indonesia have signed a preferential trade agreement (PTA) that will allow the two Muslim countries to reduce tariffs on exports and imports of certain goods and products.
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Iranian MPs hail Navy as source of pride after 86th flotilla completes round-the-globe voyage
May 24, 2023 02:31Iranian lawmakers have hailed the country’s 86th naval fleet, which returned to the country last week after a round-the-world voyage, saying the Islamic Republic’s Navy is a source of pride for the nation.
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Russia's energy exports to China will rise 40% this year amid sanctions: Deputy PM
May 23, 2023 10:12Russia's energy exports to China will climb by 40 percent this year, Russian deputy prime minister has said as the two countries seek to further expand ties and avert impacts of persisting US-led sanctions.
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Iran-China trade value exceeds $5 billion in 4 months
May 22, 2023 02:22China’s Customs Office put the value of trade exchanges between Iran and China in the first four months of 2023 (January to April) at over $5 billion.
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Iran eyes economic growth of 8% in its 5-year vision plan
May 22, 2023 02:02Iran has set a target to reach an average economic growth rate of 8% between 2023 and 2028 as part of a new vision plan unveiled by the government.
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Iran’s power output up by 7 GW compared with mid-2021
May 22, 2023 01:41Iran’s Energy Ministry says power generation capacity in the country has risen by 7 gigawatts (GW) since mid-2021 when Iran’s current administrative government took office.