ECONOMY Feed Atom

Steel, petrochemicals drive half of Iran’s free trade goals with Eurasia

11 months ago

15 August 2025

2:02 PM

Steel and petrochemicals are expected to account for 50 percent of the objectives set under Iran’s free trade agreement (FTA) with the Eurasian Economic Union (EAEU), Iranian officials said, highlighting the sectors’ pivotal role in boosting exports and activating trade opportunities in the region.

China says Pakistan can extend CPEC to Afghanistan, Iran and beyond

11 months ago

14 August 2025

2:48 PM

Chinese Ambassador Jiang Zaidong suggests Pakistan can expand the China-Pakistan Economic Corridor to Afghanistan and Iran, boosting connectivity and trade, and accelerating the strategic shift from geopolitics to geo-economics.

Tehran, Nairobi to hold 7th joint economic committee meeting

11 months ago

12 August 2025

3:46 AM

Iran and Kenya will hold their seventh Joint Economic Committee meeting from Tuesday for two days in the Kenyan capital, chaired on the Iranian side by the agriculture minister.

Iran resumes direct talks with FATF after 6-year hiatus

11 months ago

10 August 2025

4:03 AM

The Financial Intelligence Center reports that the Financial Action Task Force (FATF) has invited Iran for the first time in six years to lead negotiations.

Unlocking Makran’s potential through synergy of expertise, private sector, government

11 months ago

8 August 2025

12:13 PM

The Makran region, strategically located along the Oman Sea coast, is crucial for Iran's economic and geopolitical stability, offering opportunities for sustainable development, investment, and technical and engineering exports.

Liquefied propane, Iran’s major exported non-oil product in 4 months

11 months ago

6 August 2025

4:16 AM

Liquefied propane was the primary non-oil product exported by Iran in the first four months of the current Iranian calendar year, according to IRICA's head.

Iran’s trade surplus with Pakistan grows as officials call for free trade expansion

11 months ago

3 August 2025

4:49 AM

Iran has a trade surplus with Pakistan, exporting goods at 3.5 times the volume of imports, according to Hamidreza Karbalaei Esmaeili, Deputy for the Indian Subcontinent at Iran's Trade Promotion Organization.

Iran’s economy grew 1.4% in early spring, parliamentary report shows

11 months ago

3 August 2025

4:14 AM

Iran’s economy grew by 1.4 percent in the first two months of the current Iranian year (March 20–May 20, 2025) compared to the same period last year, according to a report published by the Research Center of the Iranian Parliament.

Iran posts $1.078 bln trade deficit in 4 months to late July

11 months ago

1 August 2025

6:53 AM

Iran has posted a trade deficit of just over $1 billion in four months of current Iranian calendar year (started March 21, 2025), registering a 10% drop in value terms over the same period last year, IRICA announced.

IMF doubles Iran’s 2025 growth forecast despite 12-day war with Israel

11 months ago

31 July 2025

7:15 AM

The International Monetary Fund (IMF) has doubled its forecast for Iran's economic growth in 2025 to 0.6 percent, up from 0.3 percent in its previous report, despite the economic and geopolitical fallout from a 12-day war between Iran and Israel earlier this year.

Oil and Gas Investment Fund to help rebuild infrastructure

11 months ago

30 July 2025

5:10 AM

The Iranian Parliament's Energy Committee's Energy Committee head praised the Oil and Gas Investment Fund's crucial role in restoring infrastructure damaged during the 12-day conflict.

Impact of Finalized FTA with Oman: Opportunities for Indian Investors and Local Businesses

12 months ago

28 July 2025

6:59 AM

India’s Commerce Minister Piyush Goyal announced that trade talks with the U.S., EU, and Oman are in advanced stages, with the FTA with Oman nearly finalized and discussions with the U.S. and EU progressing swiftly.

Iran-India 4-month trade stands at $652m

12 months ago

26 July 2025

6:38 AM

The value of trade between Iran and India stood at $652 million in the first four months of 2025, India's Ministry of Commerce and Industry reported.

Italy’s Eni reports 25% drop in second-quarter profit, cuts debt

12 months ago

25 July 2025

7:43 AM

Italian energy group Eni said on Friday its second-quarter earnings fell 25% year-on-year as lower oil prices and a weaker dollar overshadowed a better-than-expected performance at its gas business.

India’s $15 bn oil exports to EU at risk amid new Russia sanctions

12 months ago

21 July 2025

4:58 AM

India's petroleum product exports worth USD 15 billion to the European Union (EU) may be at risk as Brussels moves to restrict imports of Russian crude oil refined in third countries, economic think tank GTRI said.

Germany exports non-oil products worth $454m to Iran in a quarter

12 months ago

21 July 2025

4:35 AM

Germany exported $454 million worth of non-oil products to Iran during the first quarter of the current Iranian calendar year, according to the head of the Islamic Republic of Iran Customs Administration.

Petchem products worth $2.7b exported from Bushehr province in 3 months

12 months ago

21 July 2025

4:29 AM

Petrochemical products valued at $2.7 billion were exported from Bushehr province in the southwest of Iran during the first quarter of the current Iranian calendar year (March 21-June 21), according to a provincial official.

Oil pipeline network to expand beyond 15,000 km as key projects near completion

12 months ago

21 July 2025

4:24 AM

Iran's oil and petroleum products pipeline network is set to surpass 15,000 kilometers after major transmission projects are completed and commissioned.

Iran-Armenia trade approaches $1b as economic, tourism ties grow

12 months ago

20 July 2025

4:28 AM

Bilateral trade between Iran and Armenia has reached nearly $1.0 billion, reflecting deepening economic ties between the two neighbors, according to Iran’s ambassador to Yerevan.

CBI: Iran’s economy grew by 3.1% in year to late March

12 months ago

18 July 2025

5:37 AM

initial economic growth figures released on Wednesday showed that Iran’s gross domestic product (GDP) had increased to 78,443.8 trillion rials (over $301 billion) in the year to March 20.

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Latest News of Oil, Gas and Petrochemical industry

ECONOMY Feed Atom

Steel, petrochemicals drive half of Iran’s free trade goals with Eurasia

China says Pakistan can extend CPEC to Afghanistan, Iran and beyond

Tehran, Nairobi to hold 7th joint economic committee meeting

Iran resumes direct talks with FATF after 6-year hiatus

Unlocking Makran’s potential through synergy of expertise, private sector, government

Liquefied propane, Iran’s major exported non-oil product in 4 months

Iran’s trade surplus with Pakistan grows as officials call for free trade expansion

Iran’s economy grew 1.4% in early spring, parliamentary report shows

Iran posts $1.078 bln trade deficit in 4 months to late July

IMF doubles Iran’s 2025 growth forecast despite 12-day war with Israel

Oil and Gas Investment Fund to help rebuild infrastructure

Impact of Finalized FTA with Oman: Opportunities for Indian Investors and Local Businesses

Iran-India 4-month trade stands at $652m

Italy’s Eni reports 25% drop in second-quarter profit, cuts debt

India’s $15 bn oil exports to EU at risk amid new Russia sanctions

Germany exports non-oil products worth $454m to Iran in a quarter

Petchem products worth $2.7b exported from Bushehr province in 3 months

Oil pipeline network to expand beyond 15,000 km as key projects near completion

Iran-Armenia trade approaches $1b as economic, tourism ties grow

CBI: Iran’s economy grew by 3.1% in year to late March