Category: Economy and markets
Iran’s NIOC, Russia’s Gazprom strike $40b MoU_thumbnail

The document was signed during an online ceremony on Tuesday by NIOC CEO Mohsen Khojastehmehr and Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee. The development of Kish and North Pars gas fields, pressure enhancement of South Pars field, development of 6 oil fields, gas and product swap, completion of LNG projects, construction of […]

IRISL earmarks 300 containers to carry cargo to Russia_thumbnail

With the integrated management of companies under the ownership of IRISL and in line with the goal of playing a role in implementation of goods transportation operations in North-South corridor, Islamic Republic of Iran Shipping Lines started transporting country’s goods to Russia by allocating 300 containers in the first phase. Emphasizing the need for activating […]

Russia becomes India’s second biggest oil exporter_thumbnail

In May Indian refiners received about 819,000 barrels per day (bpd) of Russian oil, the highest thus far in any month, compared to about 277,00 in April, the data showed, according to Reuters. Western sanctions against Russia for launching a special military operation in Ukraine prompted many oil importers to shun trade with Moscow, pushing […]

Iran, Venezuela planning 20-year cooperation map_thumbnail

In an interview with HispanTV, Maduro recalled that Venezuela and Iran have maintained diplomatic relations since the 1950s. However, the process of rapprochement between these countries began to accelerate and strengthen from 2001 under the impulse of Commander Hugo Chavez’s presidency. “The relationship between Venezuela and Iran is a model to follow because it expresses […]

Serbia to start negotiating gas contract with Russia Soon_thumbnail

“What diversification are we talking about? Only in two years will we get the completed [interconnector], the possibility for something to be supplied to Serbia from somewhere, but the question is what will be supplied, we are building the Bulgarian interconnector from our side, the Bulgarians will only announce the tender in coming days, after […]

EU commissioner calls for banning Russian oil_thumbnail

European Commission President Ursula von der Leyen also proposed that Sberbank, Russia’s largest bank, and two other major banks be disconnected from the SWIFT international banking payment system, according to NPR radio website. Von der Leyen said Sberbank holds around 37% of the Russian banking sector, adding that two other major banks in Russia would also […]

Huge ship docks at Caspian port in Gilan province_thumbnail

TEHRAN, May 03 (MNA) – A 5,000-ton ship carrying cooking oil docked in the Caspian port in the northern Iranian province of Gilan on Monday. The ship seems to have arrived from Russia.

Harvesting strawberry in Golestan province_thumbnail

TEHRAN, May 01 (MNA) – Farmers in the Iranian province of Golestan have started harvesting strawberries.  Strawberry is one of the agricultural capacities in Golestan province.

Iran’s Bashmaq border to become intl. logistics crossing_thumbnail

Turning the Bashmaq border in Marivan into international logistics crossing at a national and international level is one of the main goals of Baneh and Marivan’s Free Trade-Industrial Zone, said Hamid-Reza Bita, adding that Bashmaq Border is one of the best transit routes from east to west. He noted that turning the Marivan area into an export […]

Hungary says ready to pay in rubles to Russia: FM_thumbnail

Hungary is ready to pay for Russian gas in rubles, this will not be a violation of EU sanctions, Hungarian Foreign Minister Péter Szijjártó said on Monday, according to Sputnik news agency. The remarks by the foreign minister come a day after the Hungarian government spokesperson Zoltan Kovacs said on Saturday that payment in rubles for Russian […]

Iran’s frozen funds abroad to be released soon_thumbnail

Asked about the release of Iran’s frozen assets in foreign banks, Saeed Khatibzadeh confirmed the news and said that part of Iran’s resources will be released soon. Iranian senior diplomat added that a high-level delegation will travel to Tehran by the end of the week. Earlier on Thursday, some media reported that based on an agreement reached with some countries […]

Iran’s trade value with EAEU hits $5.6bn last year:IRICA_thumbnail

Seyyed Rouhollah Latifi said on Saturday that more than 13,127,000 tons of non-oil goods, valued at $5.643 billion, were exchanged between Iran and EAEU’s member states last year in 1400 (from March 21, 2021 to March 20, 2022), showing a 51 percent growth in terms of weight. Of total 13,127,045 tons of products, valued at […]

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