I ran traded 1,188 tons of non-oil commodities worth $6.65 million with Zimbabwe in the last fiscal year that ended March 20, 2019, to register a 41.53% and 1.97% decline in tonnage and value respectively compared with the year before, latest data released by the Islamic Republic of Iran Customs Administration show.

Iran’s exports to Zimbabwe stood at 317 tons worth $221,700, down 74.38% and 68.28% in tonnage and value respectively year-on-year.

TEHRAN, May 25 (MNA) – The volume of non-oil trades between Iran and China amounted to $8.8 billion in the first four months of 2019, according to the data released by the Chinese customs.

The figure indicates a 32% decline compared with the corresponding period of last year, during which the trade between the two countries stood at around $13 billion.

According"...

TEHRAN, May 25 (MNA) – The phases 2 and 3 of the South Pars are producing their products with their highest capacity using internal capabilities and via indigenizing the equipment, Manager of the second refinery of South Pars Mehdi Gerami Shirazi announced on Saturday.

He added that at present 60 million cubic meters of sweet gas is being produced daily in phases 2 and 3 of the South Pars.

'At"...

TEHRAN, May 25 (MNA) – In line with improving monetary transparency, instructions for offering oil at Iran Energy Exchange (IRENEX) have been prepared, Iranian Oil minister Bijan Zanganeh announced on Saturday.

“Regarding that offering oil and condensates at IRENEX are included in this years’ regulations, explicit instructions for the issue have been prepared by the oil ministry,” Zanganeh said.

“The"...

Washington has exempted Baghdad from some of its unilateral sanctions against Tehran, allowing Iraq to continue importing energy from Iran, according to the US envoy to Baghdad.

Baghdad can now buy energy from Iran, US charge d’affaires Joey Hood told reporters on Wednesday, Iran’s Press TV reported.

The waiver will allow Iraq to continue buying gas and electricity"...

TEHRAN – Following the visit of Iranian President Hassan Rouhani to West Azarbaijan Province, 119 gas supply projects worth about $14.8 million were started or inaugurated across the province, Shana reported on Wednesday.

According to Hassan Montazer Torbati, the managing director of National Iranian Gas Company (NIGC), the projects include the inauguration or beginning of gas supply operations to 34 villages, 69 industrial units, 14 pressure"...

TEHRAN – The 10th round of National Iranian Oil Company (NIOC)’s light crude oil offerings at Iran Energy Exchange (IRENEX) ended on Tuesday with no sales, ILNA reported.

As reported, in this round two million barrels of crude oil was offered at the base price of $67.28, and unlike the previous rounds, this time the least amount of sales was reduced to 1,000 barrels so that the buyers wouldn’t need high banking guarantees and the"...

TEHRAN, May 22 (MNA) – Vice President of Iran Electrical Industry Syndicate Payam Bagheri said that the country enjoys high capability and capacity to become an electricity hub in the region, the issue of which is considered as a strategy for supplying sustainable power.

He made the remarks on Wednesday in an interview with IRNA and added, “turning Iran into a regional electricity hub is a legal obligation which has been reiterated in"...

TEHRAN, May 21 (MNA) – Iranian Energy Minister Reza Ardakanian and his Russian counterpart Alexander Novak discussed on Monday the priority investment projects in different energy sectors.

During a phone conversation, the ministers, as the co-chairmen of the Russian-Iranian permanent intergovernmental commission on trade and economic cooperation, discussed the implementation of priority investment projects in the framework of bilateral cooperation,"...

TEHRAN – Deputy director of Iran’s Ports and Maritime Organization (PMO) said crude oil loadings and exports from the country’s ports has not been halted and the exports are ongoing just like before, ILNA reported on Saturday.

“Perhaps the destinations of oil cargoes from our ports have changed but the legal exports are ongoing,” Hadi Haqshenas said.

The"...