Economy

A further paradigm shift is anticipated in the role and influence of China, as it delivers on the Belt and Road Initiative (BRI) by leveraging on its successful infrastructure capabilities and the capital strengths of new financing vehicles such as Asian Infrastructure Investment Bank, New Development Bank and the Silk …

The tanker had 80,000 tons (600,000 barrels) of oil on board. The Iranian oil will be carried to Belarusian Mozyr oil refinery later to undergo processing stages, Sergey Mikhailovich Grib, Deputy General Director for Commercial Affairs of Belarusian Oil Company was quoted as saying by Rossiya Segodnya. He said that …

The announcement was made by President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Zubair Tufail.He said that in recent meeting with State Bank of Pakistan (SBP), the governor of the central bank had informed about the signing of the agreement with Iranian authorities for resuming formal banking …

Speaking to a group of officials in Kerman Province, cwnreal Iran, Jahangiri said that once used to be an importerof diesel fuel, Iran has now become a major exporter of the product and will soon turn into an exporter of gas oil, too.Iran's joint oil fields with other countries was …

“This year marks an important year for the country both because of the country’s need to a major economic vibrancy … and of the imminent presidential and rural and city councils’ elections, which are in turn of high importance,” said the Supreme Leader in an address to large groups of …

Sanaie made the remark in an address to a group of Iranian, Russia, Afghan, Tajik, and Azeri citizens on the occasion of Norouz.He said relations between Iran and Russia in almost the past four years have been unprecedented and historical and hoped that President Rouhani’s imminent visit will result in …

“The signing of trilateral agreement on transit from Chabahar port is of paramount importance for Afghanistan, Iran and India,” Rabbani told reporters on Sunday. He also reiterated that an agreement by China, Kyrgyzstan, Tajikistan, Iran and Afghanistan on launching a joint railway was another success for his country’s diplomacy apparatus …

“By opening the wells of platforms of Phase 20 of South Pars and dispatching sour gas to the refinery, gas production from this phase resumed,” Deputy Managing Director of National Iranian Oil Company (NIOC) for development and engineering Gholamreza Manouchehri said. He noted that the enriched sour gas exploited from …

'Afghanistan has reduced its trade exchanges with Pakistan by half, but it is at the same time boosting its economic ties with Iran,” Haqjou said.“The value of Iran-Afghanistan trade balance hit $ 2.579 million in 2015,” he added. Haqjou noted that Afghanistan’s Chamber of Commerce put the value of trade …

The oil industry was nationalized on a day like today 67 years ago during the premiership of late Dr. Mohammad Mossadegh.The colonial powers used to extract and benefit from Iran’s oil industry before nationalization of oil industry in the country.During the 1890s, research and reports were being published that Iran …