


Iran Exporting Crude Oil to 17 Countries: Oil Minister
TEHRAN (Tasnim) – Iran’s oil minister said that the country is currently exporting crude oil to 17 countries, including some in Europe.

Iran-Turkey Trade Hits $2.3 Billion in 5-Month Period
TEHRAN (Tasnim) – The trade exchanges between Iran and Turkey in the first five months of 2024 (January to May) reached $2.3 billion, registering a five percent growth compared to last year’s corresponding period.

Iran ELECOMP Exhibition 2024 Kicks Off in Tehran
TEHRAN (Tasnim) – The 27th Iran International Electronic, Computer & E-Commerce Exhibition entitled “Iran ELECOMP 2024” was launched at the Tehran Permanent International Fairgrounds on Saturday in the presence of Iran’s Minister of Communications and Information Technology (ICT) Issa Zarepour.

Iran Exports $50 Million of Handwoven Carpets in One Year: Official
TEHRAN (Tasnim) – The CEO of the National Union of Handwoven Carpet Cooperatives of Iran said $50 million of the handwoven carpets were exported from the country in the last Iranian calendar year (March 21, 2023 to March 19, 2024).

Iran World’s 7th Largest Crude Oil Producer in 2023
TEHRAN (Tasnim) – Iran was the 7th largest crude oil producer in the world in 2023, according to the British IE Institute.

Iran Seeking to Establish 16 Pharmaceutical Factories Overseas: Official
TEHRAN (Tasnim) – The chairman of the Board of Directors of the Iranian Syndicate of Pharmaceutical, Chemical and Pharmaceutical Packaging Manufacturers said negotiations are ongoing with foreign countries for the construction of factories abroad to produce pharmaceuticals.

Iran Becoming A Gas Hub in Region
TEHRAN (Tasnim) – Officials at Iran's Oil Ministry during the administration of the late Iranian President Ebrahim Raisi have taken a major step to turn the country into the gas hub in the region after signing a memorandum of understanding between Tehran and Moscow for gas supply from Russia to Iran

Iran's Oil Output Rises by 60%: Oil Minister
TEHRAN (Tasnim) – Iran's oil minister said that the country’s oil production volume has risen by 60 percent over the three past years, namely during the administration of the late President Ebrahim Raisi that assumed office in August 2021.

Iran-Russia MoU on Gas Transfer to Serve Bilateral Ties, Regional Interests: Acting President
TEHRAN (Tasnim) – A memorandum of understanding (MoU) signed between Tehran and Moscow on potential transfer of Russian gas to the Islamic Republic would help to boost bilateral ties and serve the interests of the two sides and the region, Iran’s acting president said.

Iran Ranks 4th in Attracting FDI in West Asia: Economy Minister
TEHRAN (Tasnim) – The Islamic Republic of Iran ranks fourth in West Asia in attracting Foreign Direct Investment (FDI) after the United Arab Emirates, Saudi Arabia and Turkey, an official said.

Iran’s Internet Bandwidth Doubles in 3 Years: ICT Minister
TEHRAN (Tasnim) – Iran’s minister of communications and information technology (ICT) said the country’s internet bandwidth has doubled since August 2021.

IsDB to Offer €700 Million Credit to Iran
TEHRAN (Tasnim) – The Islamic Development Bank (IsDB) is offering Iran a credit line worth €700 million following the negotiations made and reimbursement of arrears of the Iranian government at the bank.

Over 500 Wagons Added to Iran Rail Fleet
TEHRAN (Tasnim) – A total of 558 brand-new and overhauled wagons were added to the rail fleet of Iran.

Talks Ongoing for Release of Iran’s Blocked Assets in Bahrain
TEHRAN (Tasnim) – Banking officials from Iran and Bahrain started negotiations regarding the release of the blocked assets of the Central Bank of the Islamic Republic of Iran and other Iranian banks in Bahrain.

Tehran, Moscow Ink MoU on Gas Supply: Iran Oil Minister
TEHRAN (Tasnim) – Iranian oil minister revealed the signing of a memorandum of understanding (MoU) between Tehran and Moscow on the supply of Russian gas to Iran.

Iran’s Non-Oil Exports Up 40% in One Year: IRICA
TEHRAN (Tasnim) – The Islamic Republic of Iran Customs Administration (IRICA) said the country’s export of non-oil commodities registered a 40 percent hike in the previous Iranian calendar year (ended March 19, 2024).

Iran Foreign Exchange Revenues Rise $4 Billion in 3 Months: CBI
TEHRAN (Tasnim) – The figures of the Central Bank of Iran showed that the country's foreign exchange reserves increased by 4 billion dollar in the first quarter of the current Iranian calendar year (March 19 to May 22, 2024).

Iran’s Generation of Electricity Up 13.5% during President Raisi’s Administration
TEHRAN (Tasnim) – Statistics indicate that Iran’s generation of electricity during the administration of the late President Ebrahim Raisi registered a 13.5 percent growth, with Iran generating more electricity than industrialized countries like the UK and Italy.
