Following the tragic loss of Ibrahim Raisi during the incident of a chopper crash in May, Iran held a snap presidential election in which Masoud Pezeshkian, a reformist-supported candidate was elected as the 9th president of the Islamic Republic of Iran in the run-off election on July 5.
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Official figures show that pro-reform candidate Masoud Pezeshkian wins about 16.4 million votes, thereby becoming Iran's new president. His conservative opponent Saeed Jalili garnered about 13.5 million votes.
A visit to Russia by Indian Prime Minister Narendra Modi, expected within days, could help dispel worries that New Delhi is getting too close to the West and further away from Moscow, ceding space to China, analysts said.
Figures by the European Union’s statistics agency, Eurostat, show that Turkey resumed importing oil from Iran in March this year nearly four years after it cut shipments to zero to comply with US sanctions on Tehran.
Russia has for the first time sent two trains laden with coal to India via the International North-South Transport Corridor (INSTC), which connects Russia to India via Iran, according to a statement by Russia’s national railway company.
The Iranian National Gas Company (NIGC) and the Russian company Gazprom signed a memorandum of understanding today for gas transfer from Russia to Iran.
Indian imports of Russian coal have declined while U.S. shipments have risen in the three months ending in May, data from coal consultancy Bigmint showed, which traders attributed to Russian supplies becoming less competitive.
The Head of the Atomic Energy Organization of Iran has emphasized that any requests made by the International Atomic Energy Agency (IAEA) must adhere to the legal framework established by the Nuclear Non-Proliferation Treaty (NPT) and the Safeguards Agreement.
The members of the Shanghai Cooperation Organization (SCO) have stressed the need to enhance cooperation in the areas of production, transmission, and consumption of energy.
Iran's gross domestic product (GDP) including oil grew 4.5 percent in the previous Iranian calendar year (ended on March 19), compared to a year earlier, according to the Central Bank of Iran (CBI).
On the sidelines of the Shanghai Cooperation Organization (SCO) meeting in Kazakhstan, Iranian Energy Minister Ali Akbar Mehrabian voiced the readiness of the Islamic Republic of Iran to export technical and engineering services, as well as supply equipment in the energy sector.
China’s Customs Office put the trade exchanges between Iran and China in the first five months of the current year (January to May 2024) at about $6.0 billion.
While at the beginning of the 13th administration taking office, the country’s oil selling capacity stood at 300 thousand barrels per day it rose to 1.8 million barrels per day a year and a half later.
Head of Central Bank of Iran (CBI), Mohammad Farzin, says that Iran has registered the highest rate of economic growth in the region.
The Council of the European Union adopted a decision on 17 June to extend the sanctions imposed by the EU in response to the annexation of Crimea and the city of Sevastopol by the Russian Federation until 23 June next year.
The volume of bilateral trade between Iran and Russia increased by 48 percent during the first quarter of 2024 when compared with corresponding period last year.
Iran joins BRICS mechanism for first year, enriching China-Iran strategic partnership. BRICS Foreign Ministers' Meeting in Nizhny Novgorod, Russia, highlights cooperation.
During the 13th administration in office, the Petroleum Ministry contributed to creation of new businesses by supporting domestic knowledge-based companies.
The official data of the United States show that the country’s trade with the Islamic Republic of Iran has increased by 72 percent in the first four months of this year.
Iranian petroleum minister Jawad Owji cites late president Ibrahim Raisi's demands for increased oil production, exports, investment in oil projects, economic growth, and environmental considerations.
