Speaker Calls for Closer Iran-Vietnam Trade Ties
TEHRAN (Tasnim) – Iranian Parliament Speaker Ali Larijani said Iran and Vietnam’s business people should be informed of the economic capacities of the two countries as part of efforts to boost bilateral trade.
Iran Serious in Replacing US Dollar with Euro in Transactions: Official
TEHRAN (Tasnim) – Governor of the Central Bank of Iran (CBI) Valiollah Seif said the country’s cabinet members plan to approve a plan to replace the US dollar with euro in transactions with foreign countries.
Iran Unifies Market Exchange Rates to Halt Currency Slide: CBI Chief
TEHRAN (Tasnim) – Governor of the Central Bank of Iran (CBI) Valiollah Seif said the country has unified its official and open market exchange rates as the Iranian rial plunged to an all-time low against the US dollar.
Iran Eyes Energy Cooperation with Brazil
TEHRAN (Tasnim) – Iran’s foreign minister highlighted the opportunities available for Tehran and Brasilia to broaden their bilateral economic relations, saying Iran supplied the South American country’s energy demands in the past and can now work with it in the oil and gas industry.
Iran Forms Special Task Force on Currency Slide: Official
TEHRAN (Tasnim) – Spokesman for the Iranian Administration Mohammad Baqer Nobakht said a special task force has been set up at the behest of President Hassan Rouhani to control the country’s currency market as the Iranian rial hit a record low against the US dollar.
Iran, Senegal Resolved to Boost Economic Cooperation: Zarif
TEHRAN (Tasnim) – Iranian Foreign Minister Mohammad Javad Zarif, who is in Senegal on the first leg of a four-nation tour of Africa and South America, participated in a joint economic meeting between the Islamic Republic and the Western African country.
$21bln of Capex to Be Spent on Iran’s Oil Projects by 2021: Global Data
TEHRAN (Tasnim) – Almost $21 billion in capital expenditure (capex) will be spent by Iran on oil projects between 2018 and 2021 to ensure that production grows to around 4.9 million barrels per day in 2021, according to leading market research and analysis firm GlobalData.
Iranian Bank Cards to Be Activated in Russia, Turkey: Minister
TEHRAN (Tasnim) – Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari said Iran and Russia have agreed to link their bank card systems in a bid to boost the trade ties between the two countries.
Iran Oil Ministry: Iraq to Blame for Delay in Oil Swap
TEHRAN (Tasnim) – Iran’s Oil Ministry linked a 4-month delay in the implementation of an oil swap deal with Iraq to the Arab country’s unpreparedness and technical problems.
Iran China’s Main Trading Partner in Middle East: Official
TEHRAN (Tasnim) – Chairman of Iran-China Joint Chamber of Commerce Asadollah Asgaroladi said the Southeast Asian country is now the biggest trading partner of the Islamic Republic.
Russia Says to Use National Currencies in Oil Deals with Iran, Turkey
TEHRAN (Tasnim) – Russian Energy Minister Alexander Novak said his country plans to use national currencies in its oil trade activities with Iran and Turkey.
Russia's Rosneft Sets Sight on Oil, Gas Projects in Iran's Zagros Region: Document
TEHRAN (Tasnim) – Russia's state-controlled oil giant Rosneft is interested in oil and gas projects in Iran’s western region of Zagros, after signing a deal last year to do business in the country, an official document showed on Friday.
Qatar Says Too Early to Exit OPEC Oil Cuts
TEHRAN (Tasnim) – OPEC and its allies should maintain oil supply curbs to guarantee healthy price levels which will allow increased investment in the industry and help avoid a big supply and price shock in the long run, OPEC member Qatar said.
Oil Gains on US Crude Drawdown, Easing of Tension in US-China Spat
TEHRAN (Tasnim) – Oil prices rose on Thursday, buoyed by the US government data showing a surprise drawdown in crude stockpiles and an easing of tensions over a trade row between Washington and Beijing.
Austria’s Oberbank Puts Its Deal with Iran ‘On Hold’ over Trump
TEHRAN (Tasnim) – Oberbank, Austria’s seventh-largest bank, has put projects “on hold” due to the uncertainties surrounding the 2015 nuclear deal between Tehran and world powers, a report said.
Iran, Azerbaijan Inaugurate Joint Car Plant, Railway Project
TEHRAN (Tasnim) – Iran and Azerbaijan on Thursday launched a joint car plant and a railroad connecting Iran’s northern city of Astara to its namesake in the Azerbaijan Republic.
OPEC After Long-Term Cooperation with Other Oil Exporters
TEHRAN (Tasnim) – OPEC is seeking “very long-term” cooperation with other crude exporters, the secretary general of the oil exporting group said on Wednesday.
Iran’s President Reaffirms Support for Knowledge-Based Companies
TEHRAN (Tasnim) – After opening a specialized pharmaceutical plant in Tehran, Iranian President Hassan Rouhani assured the private sector of his administration’s support for knowledge-based projects and research activities contributing to national production.
