A Reuters report on Tuesday said the Biden administration is unlikely to take any dramatic sanctions action on Iran's oil exports after Iran’s response to Israel, due to worries about boosting oil prices and angering top buyer China.
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The value of trade between Iran and the European Union (EU)’s member states reached €380 million in January, according to the data released by the European Union's statistics office Eurostat.
Shares of Jio Financial Services rose as much as 5% on Tuesday, a day after the company entered into a new joint venture with BlackRock to set up a wealth management and broking business in India.
Iran has exported $2.217 billion worth of goods to India during the past Iranian calendar year (ended on March 19), according to an official with Iran’s Trade Promotion Organization (TPO).
India has ordered companies to operate underutilized gas-based power plants in May and June and import coal-based plants until October 15 to meet high electricity demand.
The economy ministers of more than 30 African countries are expected to take part in the second Iran-Africa summit which is scheduled to be held in Tehran on April 26.
The provision of foreign exchange funds for the Oil Ministry’s projects in collaboration with the Central of Bank of Iran (CBI) will be put on the agenda, said Oil Minister Javad Owji on Wednesday.
A number of Iranian lawmakers hailed the 13th administration’s performance in the energy sector.
Iran’s trade with neighboring Iraq registered a 30 percent growth in the previous Iranian calendar year (March 21, 2023 to March 19, 2024), according to an official with Iran’s Trade Promotion Organization (TPO).
Iran’s Plan and Budget Organization (PBO) chief posted on X, formerly known as Twitter, that the country’s 5.4 percent economic growth in 2023 reported by the International Monetary Fund (IMF) was the second-highest rate in the world.
The trade exchanges between Iran and Turkey in the first two months of 2024 reached $930 million, showing a one percent increase compared to the same month last year.
Oil exports in the previous Iranian calendar year, which ended on March 19, fetched the country $35.87 billion, said the Islamic Republic of Iran Customs Administration (IRICA) head on Tuesday.
Rise in oil prices does not contribute to improvement of economic growth, said the Iranian government’s economic spokesman on Tuesday.
The China Customs has announced that the trade exchanges between Iran and China stood at more than $2.8 billion from January to February 2024.
The presidents of Iran and Türkiye stressed following up and implementing agreements, as well as fulfilling commitments to strengthen the political, economic and cultural relations as much as possible, secure benefits, increase unity and integrity among the Islamic Ummah.
Iranian Ambassador to Russia Kazem Jalali met and held talks with Elvira Sakhipzadovna Nabiullina current head of the Central Bank of Russia.
Iran has earned $15 billion from exporting some 52 billion cubic meters (bcm) since 2017, said the deputy oil minister.
Canadian oil shipments to Los Angeles hit the highest in four years this month ahead of the formal launch of the expanded Trans Mountain pipeline that is expected to boost export volumes further.
The U.S. said on Tuesday it does not support a Pakistan-Iran gas pipeline project from going forward and cautioned about the risk of sanctions in doing business with Tehran.
A bright future is awaiting Iran’s oil industry, said the Parliament’s Energy Committee vice-chairman on Sunday.