Economy

The landmark nuclear agreement officially called the Joint Comprehensive Plan of Action (JCPOA) was signed between Iran and the world six major powers (US, Britain, Russia, France and China plus Germany) in July 2015 and its official implementation started in January 2016.Prior to the implementation of the nuclear accord, Iran …

There is good interaction between us and international companies, Mohammad Meshkin Fam said on Monday.“At the time of sanctions, the equipment, including the compressors bought from German company Siemens for development of several phases of the South Pars Gas Field were stopped and returned just a few miles away from …

Mehran Khaksari said that construction of the complex has started in partnership with an Iranian investor.'The first phase of the complex will be operational within next six months,' he added.The complex has capacity to process 400 tons of chromites and produce 100 tons of concentrates daily. The complex will create …

Answering IRNA’s question concerning exact figures of import, Tamim said because of imports by several private companies, the exact figures should be calculated.He said that Iran is one of the important countries for Afghanistan in terms of supplying oil and gas.Tamim went on to say that the figure for gas …

Speaking at a local ceremony in Tabriz located in the northeastern province of Azarbaijan on Sunday, the lawmaker noted that due to the nuclear deal, Iran could increase its output from the joint oil and gas fields.He noted that after the nuclear deal, Iran’s revenues from the joint oil fields …

“In spite of strong cultural and political ties and high capacity for cooperation, the two countries' economic and trade level is not desirable,” Shahram Khassi Pour, Iran Chamber of Commerce, Industries, Mines and Agriculture's Director General for Arab and African affairs referring to lack of proportionality in the volume of …

“The level of trade exchanges between Iran and Afghanistan reached two billion dollars over the past year Iranian Calendar (starting at March 21, 2016), Musafer Qoqandi said.According to Qoqandi, this shows a twofold rise in the volume of trade exchanges between the two neighboring nations.“The volume of non-official trade between …

He pointed to signing several contracts to sell Iranian tractors to Zimbabwean sides, and said that Zimbabwe had already expressed readiness to commission assemble line of tractor in the country.The two sides also discussed expansion of bilateral ties in the fields of science, technology, education, mine and agriculture.Erfanian said considering …

'Based on the agreement, 4,900 freight wagons will be built by three local companies with a 100-percent foreign fund plus a 250-million-euro Russian investment,' Babak Ahmadi told reporters on Saturday eveining.'1,100 wagons will also be imported to Iran,' he added, stressing that no import would be allowed in until the …

'Iran's government seeks promoting its economic status and renovation of its ports and commercial fleets, so the country is abundant with special opportunities for German companies,' said Anne Jacobs-Schleithoff in the German investors' meeting in Tehran on Saturday.She pointed to gas and oil infrastructure and transportation as two Iranian sectors …