Economy

Last year, some 20 million tons of petrochemical products worth $ 13 billion were exported to different markets. Iran's overall petrochemical output in the three-month period stood at 13.2 million tons. Iran has the capacity to produce 63 million tons of petrochemical products and with the completion of semi-complete projects, …

The latest measures taken by the Petroleum Ministry, including those regarding Iran's oil exports and the country's oil diplomacy given the new sanctions imposed on Tehran, were discussed in the Commission session, Najafi Khoshroudi said. As the sanctions mainly aim to reduce Iran's oil exports and create obstructions on the …

'Many countries as well as private companies are dependent on Iran's oil supplying their fuel; therefore, it is their right to decide on buying oil from Iran according to their interests,' a senior member of the Chinese Institute of World Economics and Politics told the Islamic Republic News Agency (IRNA).'The …

In an interview with the Islamic Republic News Agency (IRNA), Muhammad Amin Lasania, who was in Tehran to participate in Iran’s international tiles, ceramic and sanitary exhibition from July 9-12, said that it was a useful visit and helped Pakistani manufacturers to explore the Iranian market. He said that about …

Mauro Conciatori told the Islamic Republic News Agency (IRNA) that Iran and Italy in current situation should try to make new arrangements to save their 5-billion-dollar strong economic cooperation.He made a reference to the US withdrawal from the nuclear deal Washington and other permanent members of the UN Security Council …

Iran's Foreign Minister Mohammad-Javad Zarif will sign the Treaty of Amity and Cooperation with Asean, Bloomberg quoted Ong Keng Yong, Singapore's non-resident ambassador in Tehran, as saying.The treaty will be signed at a meeting of foreign ministers of ASEAN late in July that will be attended by US Secretary of …

Already, furnace oil and other oil products had been offered through stock exchange, so it would be possible to present crude oil as well, Shapour Mohammadi told the Islamic Republic News Agency (IRNA).Referring to the government's plan to sell crude oil via stock exchange, Mohammadi said it seems that the …

The Commodity Exchange announced that the trade will be disrupted until further notice.The gold trade halt by the Commodity Exchange is aimed to check sharp hike in the prices.Each Bahar-e Azadi gold coin was sold beyond 709.56 dollars on the market on Saturday.Consequently, each gold coin for January 2019 delivery …

Ku Shaari made the remarks in an interview with the Islamic Republic News Agency (IRNA).Commenting on the reason behind establishing D8 organization, Ku Shaari said “On 15th of June 15, 1997 the D8 Organization for economic cooperation was established. The idea initiative comes from the [Former] Prime Minister of Turkey …

Takashi Tsukioka told reporters that Japan is poor in natural resources and strongly needs Iran's crude oil, as one of its suppliers.He said this is illogical that Japan to be affected by the US sanctions, and called on Japanese government to ask US to exempt Japan from this prohibition.Tsukioka said …