Economy

The United States granted Turkey and other countries import waivers in early November. Turkey said it was permitted to take 3 million tonnes a year, equivalent to about 60,000 barrels per day (bpd), under the waiver, Reuters reported.Turkey used to import about 200,000 bpd of Iranian crude before Washington announced …

Speaking during a press conference, Masoud Polmeh said that due to the US threats, some foreign insurance companies offer their services just until the commercial ships enter the Iranian waters. He said that with the experiences of the past sanctions on the country, two insurance companies located in Kish and …

Abdolhashem Hassannia made the remarks during a meeting in Tehran with Afghanistan’s ambassador to Tehran. He urged both Iranian and Afghan officials to promote transportation cooperation, construct the second Milak Bridge and activate multilateral international corridors. Hassannia noted that development of the Iranian southeastern Port of Chabahar can play a …

The document was signed by the deputy head of the Chamber of Commerce of the two countries during India-Iran Business Forum in New Delhi, India on Tuesday.The Iran-India Business Forum was held in New Delhi with the presence of businessmen and entrepreneurs.The agreement was signed by the two economic bodies …

Dejpasand told the Islamic Republic News Agency (IRNA) that final result of the studies made by the expert team will be announced in due time.Central Bank of Iran (CBI) has proposed slashing four zeros from rial on January 5 and presented its proposal to the government, Dejpasand said hoping that …

'State-run Bharat Petroleum Corp will import 1 million barrels of Iranian oil in February after a gap of three months, with the nation’s overall purchases from Tehran remaining at 9 million barrels,' Reuters quoted three informed sources as saying.'BPCL and Hindustan Petroleum Corp will lift 1 million barrels each of …

Addressing a conference on Kermanshah province’s capacities, he described Iraq as a good market, adding that the market is located in the neighborhood of Kermanshah province and this is a good capacity for the province.“Iraq will never reach production stage in the petrochemical sector by the next ten years,” he …

Head of Iran Concrete Institute Mostafa Ahmadvand said on Monday that Iran and Iraq are located around the fault lines in the Middle East.Regional Meeting of International Institute of Concrete in Middle East and North Africa attended by representatives of 15 countries opened on January 6 and is to end …

According to the statement, issued by Indian shipping ministry, India officially took responsibility for part of Chabahar port in Sistan-Baluchestan Province. The statement reads that based on the trilateral agreement, signed on December 24, 2018, Indian government officially assumed responsibility for part of Chabahar port. Previously representatives from India, Iran …

Referring to the history of Iran-India political and economic relations in recent years, especially after Joint Comprehensive Plan of Action (JCPOA), Ali Chegini emphasized, 'The bilateral dimension of the visit is very important because a group of 70 members of chambers of commerce, important companies and businessmen will accompany FM …