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Major leap in China’s imports of Iran oil

TEHRAN (ISNA)- The latest market figures have revealed a major leap in China’s imports of crude oil from Iran over the past month. Figures reported by Reuters show that China imported 2.02 million tons of Iranian oil in November or 491,100 barrels per day (bpd). The figure marks an increase of 45.2 percent [...]

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Iran’s energy minister due in Armenia for joint economic commission

TEHRAN (ISNA)- Iranian Energy Minister Hamid Chitchian left for Armenia to take part in the 13th joint economic commission meeting between Iran and Armenia. He is accompanied by a delegation of senior managers of Energy Ministry as well as water and power industry. Chitchian plans to meet with Armenian energy and environment officials [...]

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Gazprom officials meet in Iran for gas cooperation

TEHRAN (ISNA)- Senior managers of Russian state-owned gas giant, Gazprom met in Tehran on Wednesday with the aim of gas cooperation between Iran and Russia. The first joint coordination meeting between National Iranian Gas Company (NIGC) and Russian Gazprom started in Tehran on Wednesday. The two sides plan to discuss grounds for agreements [...]

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Iran, Algeria vow to deepen cooperation in various fields

TEHRAN (ISNA)- Iran and Algeria signed 9 Memoranda of Understanding (MoU) in their second economic cooperation commission meeting, said Iranian Ambassador to Algeria Reza Ameri. He said that the two sides agreed to establish a joint banking committee to investigate the existing problems, adding the committee would start working soon. The meeting was [...]

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Iran exports $2 bln nut annually

TEHRAN (ISNA)- Iran exports over $2 billion nut to 50 countries annually. The clients are Germany, US, France, Italy, England, Spain, Sweden and Norway. Iran produces 200.000 tons of pistachio, 160.000 tons of 150.000 tons of walnut, 1.200 million tons of date, 35.000 tons of dried fig, 50.000 tons of almonds, 330.000 tons [...]

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India-Iran trade ties not to be influenced by recent regional developments

TEHRAN (ISNA)- Head of Iran-India Chamber of Commerce Ebrahim Jamili said that recent developments would not overshadow Iran-India ties. Indians are after further economic ties with Iran due to their need to Iran’s market and transit opportunity. “What has happened in the region will not influence Iran-India ties. Indians are now strengthening ties [...]

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Iran more open to US firms than past

TEHRAN (ISNA)- Speculations have emerged in international media that the opening of the doors to Iran’s huge consumer market will be much wider to US businesses than before under a nuclear agreement that Iran has made with the P5+1. Most US firms have been unable to do business with Iran over the past [...]

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Minister: Iran will not harm oil market

TEHRAN (ISNA)- Minister of Petroleum Bijan Zangeneh said Iran has no intention to disrupt the oil market with its planned production increase when sanctions are lifted. Officials have said Iran will ramp up production by 500,000 barrels per day (bpd) immediately after the sanctions are removed and raise it to 1 million bpd [...]

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IME monthly trade value hits $589 mln

TEHRAN (ISNA)- Iran Mercantile Exchange (IME) traded 1,420 KT of various commodities worth over $589 million in spot and secondary markets in December 2015. According to the report from IME International Affairs and PR, 1,420 KT of different commodities were traded in domestic and export trading floors including 814 KT of various commodities [...]

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Denmark seeks to develop renewable energy industry in Iran

TEHRAN (ISNA)- Iranian Energy Minister Hamid Chitchian announced an offer by Denmark to develop renewable energy industry in Iran and build a wind-turbine manufacturing factory in the country. Chitchian made the announcement following his Monday meeting with visiting Danish Foreign Minister Christian Jensen at the Energy Ministry. “The Danes have offered investment for [...]

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