News
2025-07-09
Iran has become OPEC's second-largest refiner..
With a refining capacity of 2,237,000 barrels per day and a 16% share in OPEC, Iran ranks second among OPEC countries. According to Oil Desk, the Secretariat of the Organization of the Petroleum Exporting Countries (OPEC) published its 60th annual statistical bulletin for 2025 last week.
2025-07-09
China Condemns US Trade Pressure, Signals Tough Response to Supply Chain Deals.
China condemned Washington’s latest tariff threats as aggressive economic bullying, vowing decisive countermeasures against any country that aids the United States in targeting Chinese supply chains.
2025-07-09
Iran’s annual production of caviar rises by 17%.
Iran’s caviar production increased by 17%, rising from 21.6 to 25.1 metric tons (mt) in the past Iranian year (March 21, 2024, to March 20, 2025), according to a senior official at the Iran Fisheries Organization.
2025-07-09
Overhaul operations of 11 South Pars platforms completed.
Pars Oil and Gas Company (POGC) has successfully completed major overhauls on 11 offshore platforms in the South Pars gas field, as operations continued without interruption during a recent 12-day regional conflict, according to the managing director of the company.
2025-07-09
Iran’s quarterly non-oil export to Iraq hits $1.905b.
Iran exported non-oil commodities valued at $1.905 billion to Iraq during the first quarter of the current Iranian calendar year (March 21-June 21), according to the head of the Islamic Republic of Iran Customs Administration (IRICA).
2025-07-09
Iran ranks as OPEC’s second-largest oil refiner.
Iran has become the second-largest oil refiner among OPEC member states, with a daily refining capacity of 2.237 million barrels — accounting for 16 percent of OPEC’s total and 2.1 percent of global refining capacity, according to the latest OPEC Annual Statistical Bulletin.
2025-07-08
Launch of Rail Transit between China and the Kaveh Special Economic Zone.
The Director of Customs of the Kaveh Special Economic Zone: Matali announced the activation of rail transit between China and the Kaveh Special Economic Zone and stated: "This measure is a major step in strengthening the railway economy and developing Saveh County. It will make the Kaveh...
2025-07-08
Trump issues 10% tariffs warning over BRICS policies.
US President Donald Trump has threatened to impose an additional 10% tariff on countries supporting policies being pursued by the BRICS grouping.
2025-07-08
SEO unveils new stabilization package amid market recovery.
Iran’s Securities and Exchange Organization (SEO) is rolling out a revamped stabilization package aimed at improving liquidity and investor confidence following recent market volatility, the Tehran Stock Exchange (TSE) chief said on Monday.
2025-07-08
Iran to offer $360m in private mining investment packages by Mar. 2026.
Iran will offer 30 mining investment packages worth a combined 180 trillion rials (approximately $360 million) to the private sector by the end of the current Iranian year (late March 2026), a senior official said on Monday.
2025-07-08
Iran exports nearly 9b cubic meters of natural gas in 2024.
Iran exported nearly 9.0 billion cubic meters of natural gas in 2024, maintaining a steady presence in regional energy markets despite shifting global dynamics and a competitive export landscape, the Organization of the Petroleum Exporting Countries (OPEC) said.
2025-07-07
Iran's 5-Point Proposal for the ECO Vision 2035.
President: The full text of the President's address at the Economic Community of Northern Ireland (ECO) Summit in the Republic of Azerbaijan is as follows:
2025-07-07
Laws supporting free zones must not be subject to arbitrary interpretation or measures.
Head of the faction for the supervision of free zones and special economic zones in the Islamic Consultative Assembly: Saeed Rahmatzadeh Pashtiri stated that laws supporting free zones are not properly implemented, specifying that laws providing benefits for these zones are sometimes not...
2025-07-07
Iran-UAE quarterly non-oil trade stands at $5.478b.
The value of non-oil trade between Iran and the United Arab Emirates (UAE) stood at $5.478 billion during the first quarter of the current Iranian calendar year (March 21-June 21), according to the head of the Islamic Republic of Iran Customs Administration (IRICA).
2025-07-07
Solar power plants to be built next to dams.
Referring to the government's policy of developing solar power plants in the country, the director of the engineering office of the Iranian Water and Power Resources Development Management Company said: "Based on this, the construction of solar power plants next to dams has been put on...
2025-07-02
The Eurasian market has been opened to 7,000 Iranian products.
The complete list of over 7,000 tariff items benefiting from the Eurasian Economic Union's free trade privileges with Iran has been published.
2025-07-02
Private investment in renewables fully backed by government: energy minister.
Iran’s Energy Minister Abbas Aliabadi said the government fully supports private sector investment in renewable energy, as the country continues expanding its solar power infrastructure to address long-standing imbalances in the electricity sector.
2025-07-02
Iran’s non-oil exports near $11.7b in Q1.
Iran exported $11.655 billion worth of non-oil goods in the first quarter of the current Iranian calendar year (March 21–June 21), according to Faroud Asgari, deputy economy minister and head of the Islamic Republic of Iran Customs Administration (IRICA).
2025-07-01
Equipment for 5-kilowatt power plants to be allocated to each province by next week.
Deputy Minister of Energy and Director of SATBA: Equipment for 5-kilowatt power plants, with a total capacity of 4 megawatts, will be allocated to each province by next week, he announced. The equipment for these plants will be installed at sensitive and key points in each province, upon...
2025-07-01
WTO warns of "serious disruption" to trade order.
The World Trade Organization (WTO) said Tuesday that global merchandise trade will stagnate by the end of the year amid unprecedented unilateral tariff measures and political uncertainty.
2025-07-01
Iran says foreign trade remains stable amid regional tensions.
Iran’s foreign trade activities remain on track despite recent regional tensions, with no interruptions to services for traders and exporters, the head of the Trade Promotion Organization (TPO) said on Monday.
2025-07-01
Iran rises to 9th place among global steel producers.
Iran has moved up to ninth place among the world’s top steel producers, surpassing Brazil, according to the latest report by the World Steel Association
2025-06-30
Turkey to resume flights to Iran.
Turkey's flag carrier, Turkish Airlines, announced on Saturday that it will resume flights to Iran starting Monday, June 30, following a temporary suspension earlier this month due to security concerns.
2025-06-30
WTO Crucial for Resolving Global Trade Tensions, Says Italian Economist.
The escalating global tariff tensions, spearheaded by the United States, must be resolved through the World Trade Organization (WTO) to ensure fairness and stability, according to Italian economist Mario Tirelli.
2025-06-30
Gas exports begin from 3rd sweetening train of South Pars phase 14 refinery.
Iran has begun gas exports from the third sweetening train of the Phase 14 refinery at the South Pars gas field, marking a significant expansion in the country’s production and export capacity. The milestone follows the recent commissioning of the refinery’s fourth sweetening train, which...
2025-06-29
Pres. Pezeshkian advocates for implementing Iran-Eurasia FTA.
President Masoud Pezeshkian emphasized the significance of implementing the free trade agreement (FTA) between Iran and the Eurasian Economic Union (EAEU) as a crucial step towards enhancing economic relations in the region.
2025-06-28
Iran's oil production uninterrupted despite tensions.
Despite the recent days of heightened tensions following Israeli’s imposed war, Iran's daily oil output has continued without disruption and all oil installations remain operational, National Iranian Oil Company (NIOC) said.
2025-06-28
The Importance of Artificial Intelligence in Tomorrow's Job Market.
Workers' Representative on the Supreme Labor Council: Artificial intelligence will certainly transform some traditional jobs. It acts more as a complementary tool than a complete substitute for human resources.
2025-06-28
70,000 tons of goods left the country's ports in a single day / Continued freight transport in the country.
According to the latest statistics published by the Road Administration, approximately 70,000 tons of goods were transported from the country's ports by the national road fleet, demonstrating the continuity and sustainability of customs clearance and the movement of goods.
2025-06-28
Free zones were required to prepare specific support measures for economic actors.
Following the recommendations of the Secretary of the Supreme Council of Free Zones and Special Economic Zones, the general managers of free zones were required to use their legal authority to develop and implement specific support measures for economic actors, producers, and investors in each zone.
2025-06-28
Launching the East-West Corridor will generate three to four times the country's oil revenue.
The Managing Director of the Mako Free Trade Zone said: Planning and designing investment packages have begun since the beginning of the year.
2025-06-15
Iran agrees with Oman, Pakistan to export goods using PTA: Industry min.
The Iranian minister of industry, mine and trade says that his ministry has agreed with Oman and Pakistan for exporting goods using the preferential tariff arrangements.
2025-06-15
Iran, Kazakhstan reach agreements on economic, trade, logistics co-op.
The 20th session of the Iran-Kazakhstan Joint Economic Committee was held in Astana, the capital of Kazakhstan, with the participation of Gholamreza Nouri Ghezeljeh, Iran’s Minister of Agriculture and head of the Iranian delegation.
2025-06-15
Iran, Serbia sign exhibition cooperation agreement.
During an official visit by an Iranian delegation to Serbia for the 2027 Belgrade International Expo Planning Summit, Iran and Serbia signed a memorandum of understanding (MOU) aimed at enhancing bilateral cooperation in the exhibition sector.