Tag: Economy
Iran, Iraq trade level “on trajectory growth”: Chairman
TEHRAN, Oct. 26 (MNA) – An official at Iran-Iraq Joint Chamber of Commerce says that Iran’s trade relations with Iraq remain robust and nonstop in spite of temporary closure of the border between the two countries.
Output from 3 western oilfields exceeds contractual target
TEHRAN – Daily oil production from Iran’s East Paydar, Cheshmeh Khosh and Dalpari fields has risen to 127,000 barrels, exceeding the 120,000-barrel daily target set under a contract with a Russian company, the head of the Petroleum Engineering and Development Company (PEDEC) said on Monday.
Agricultural output rises despite water cuts, reduced cultivated area
TEHRAN – Iran’s agricultural production reached 137 million tons in the past crop year despite a 15 billion-cubic-meter reduction in water allocated to the sector, a deputy agriculture minister said.
New copper, gold mines set to begin production next year
TEHRAN – Iran’s Mines and Metals Development Company has more than doubled estimated reserves across 14 mineral exploration areas, with development work at selected copper and gold deposits expected to begin next year after exploration is completed, its chief executive said.
Iran, Turkey explore trade opportunities, export potential
TEHRAN – Iran and Turkey should strengthen trade ties by identifying competitive Iranian export products, assessing market demand and verifying potential buyers, Iran’s commercial attaché in Turkey said at a seminar on bilateral trade opportunities and challenges.
Trade flows continue despite temporary border closures, higher logistics costs
TEHRAN – Goods continue to enter Iran despite restrictions on transport routes, with shipments being redirected through alternative corridors when individual routes are disrupted, a trade official said.
GECF ministerial meeting opens in Moscow ahead of leaders’ summit
TEHRAN – The 28th ministerial meeting of the Gas Exporting Countries Forum (GECF) opened in Moscow on Monday, bringing together representatives of member states to discuss gas market developments, energy security and ways to strengthen cooperation.
Energy markets unlikely to return to pre-war levels in 2027
TEHRAN, Oct. 26 (MNA) – The head of the International Energy Agency (IEA) says he does not expect energy markets to return in 2027 to where they were before the US-Israel war on Iran began in late February.
Oil prices could rise to $150 a barrel if war on Iran resumes
TEHRAN, Oct. 25 (MNA) – The chairman of Energy Commission at the Iranian parliament has predicted that the rising oil prices could go up to over 150 pbd if the war on Iran resumes.
Iran, Russia gas agreement near finalization: Acting oil min.
TEHRAN, Oct. 25 (MNA) – Hamid Bovard, caretaker head of the Iranian oil ministry, said Sunday broad agreements on gas exchange between Iran and Russia had reached the final stages.