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EghtesadOnline: Iran accounts for less than 1% of the global trade of halal products, according to the Leader of the Islamic Revolution’s representative in the Agriculture Ministry. “The global halal market turnover amounts to around $4 trillion per year, yet Iran’s share in this market is meager. Iranians account for 4-5% of the world’s Muslim […]
TEHRAN, Feb. 14 (MNA) – Due to US sanctions, some Italian banks have reportedly closed or imposed restrictions on accounts held by Iranian citizens. The situation has put some people in a delicate financial situation. According to Euronews sources, the Italian branch of ING Direct Bank sent a letter to Iranian customers several months ago demanding […]
TEHRAN, Feb. 14 (MNA) – According to the latest report of OPEC, Iran produced 2.086 million barrels of crude oil per day in the first month of 2020. The figure shows a decrease of 9,000 barrels compared to December 2019. According to the same report, OPEC members produced 28.859 million barrels of crude in January 2020, […]
TEHRAN, Feb. 09 (MNA) – Iran’s foreign trade volume with Eurasian Economic Union (EAEU) surpassed $1 billion since implementation of Free Trade Agreement (FTA) between Iran and Eurasia. The Director General of Islamic Republic of Iran Customs Administration (IRICA) for Intl. Affairs Hossein Kakhaki made the remarks on Sun. in Eurasia and Export-Transit Conference, held […]
EghtesadOnline: The Iranian Oil Pipeline and Telecommunication Company has supplied close to 100 billion liters of crude and petroleum products nationwide since March 2019, managing director of the company said. “Oil and derivative supplies to different regions between March to December last year included gasoline, diesel, jet fuel and kerosene,” Qasem Arabyar Mohammadi was quoted […]
Tehran, Feb 3, IRAN – Petroleum Minister Bijan Zangeneh announced here on Monday that Iran will agree the Organization of Petroleum Exporting Countries (OPEC) to hold emergency meeting only if member states are ready to reduce output. Speaking to reporters in Tehran, Zangeneh said that Iran seeks OPEC member states to reduce output for Iranian […]
TEHRAN (Tasnim) – The last platform of Phase 14 of Iran’s giant South Pars gas field was held in place by Iranian technicians on Saturday. At the beginning of a 10-day period marking the anniversary of victory of the Islamic Revolution, Iran Marine Industrial Company (SADRA), a subsidiary of the Islamic Revolution Guards Corps, installed […]
EghtesadOnline: Isfahan Oil Refining Company in central Isfahan Province has launched a sulfur granulation unit with a capacity of 300 tons a day. This is in line with policies to reduce environmental pollution and upgrade the quality of refined products, the Oil Ministry news agency Shana reported. Built at a cost of $6.7 million, the […]
TEHRAN, Jan. 26 (MNA) – Head of Islamic Republic of Iran Customs Administration (IRICA) Mehdi Mirashrafi announced on Sunday that the value of imports and exports in the first 10 months of the present year, ending January 20, stood at $27 billion. “Iran exported 115 million tons of goods in the said time, at the value […]
Tehran (ISNA) – Iran’s deputy Minister of Ministry of Industry, Mine and Trade said, the current statistic of non-oil export is a miracle, given US sanctions against Iran’s economy. Hossein Modarressi Khiabani said, “Statistics indicate that Iran’s non-oil export since the beginning of the Iranian year has exceeded $32 billion which proves a very positive […]