Economy

'The United Kingdom government and other European partners have been very clear that we will continue to work with Iran on trade matters; we are very keen to continue to build trade relations between the UK and Iran,' the Director of the Department for International Trade in British Embassy in …

A senior US energy official has told The Wall Street Journal that Washington expects China to buy up much of the oil others won't due to the threat of US sanctions. Beijing, according to the official, will likely make the purchases through the same bank it used during the previous …

'Chabahar Free Trade Zone has recorded achievements by launching manufacturing projects with the aim of increasing national product and employment,' secretary of Iran's Free Zones High Council Morteza Bank told the Islamic Republic News Agency (IRNA) on Tuesday evening.Referring to large steel and petrochemical plants in Chabahar, he said that …

Speaking in an interview with Russian media ‘Interfax’ on Tuesday, Mikhail Ulyanov expressed opposition to unilateral sanctions imposed by US on Iran.Preserving Iran oil exports will bring stability to world oil market in sanction era, he said.During the latest such meeting in Vienna on July 6, the participants 'outlined a …

The three-dollar plunge in the oil prices has also been due to the fall of the cost of dollar and modifying the previous forecasts about economic growth in some countries, including India. The US retreat from its former threats to fully sanction Iran's oil exports has reduced concerns of the …

'Today, the (European) Council has endorsed the update of the blocking statute annex on the nuclear deal with Iran,' Federica Mogherini told reporters in Brussels at a meeting with the EU foreign ministers.She said the European Parliament gave its consent to the statute two weeks ago, AFP reported.The 'blocking statute' …

'Europe is fully ready for cooperation with Iran on trade, transit and revenue generation,' Austria's Ambassador to Tehran Stefan Scholz said in a meeting attended by European envoys residing in Tehran.Knowledge management and joint learning play vital roles in the cooperation, he said, adding that all the tools for cooperation …

Phunchok Stobdan who formerly served as Indian Ambassador Extraordinary and Plenipotentiary to the Republic of Kyrgyzstan, in an exclusive interview with the Islamic Republic News Agency (IRNA) commented on India’s possible reaction to the US demand to reduce its oil imports from Iran to zero.“There is little doubt that India …

The Committee on Forestry (COFO) which is the highest body of Food and Agriculture Organization (FAO) on forestry is holding its 24th session on July 16-20 in Rome.Representatives from 120 countries are attending the international FAO forestry session.Khalili Aqaei, Deputy Minister of Agriculture represents the Islamic Republic of Iran in …

In the letter addressed to the Saudi Minister of Energy, Industry and Mineral Resources Khalid A. Al-Falih, he said ratifications in the 174TH OPEC summit are very important indicating the commitments of the members to OPEC's goals.In the summit, all sides vowed to remain committed to OPEC's quota, Zangeneh said. …