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Threefold Rise in Iran’s Non-Oil Exports to the Americas

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Iran traded 203,123 tons of non-oil commodities worth $53.99 million with the Americas during the first Iranian month (March 21-April 20) to register an 86.25% growth in tonnage and 41.04% decline in value compared with last year’s same month. Latest data released by the Islamic Republic of Iran Customs Administration show Iran’s exports totaled 197,762 tons worth $32.87 million during ... Read More »

Iran’s Non-Oil Trade With Asia-Pacific States Exceed $3.4 Billion

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Iran traded 8.46 million tons of non-oil commodities worth $3.46 billion with the member states of United Nations’ Asia-Pacific region during the first Iranian month (March 21-April 20) to register a 3.29% rise in tonnage and 16.71% decrease in value compared with last year’s same month. Latest data released by the Islamic Republic of Iran Customs Administration show Iran’s exports ... Read More »

Iran sticks to ‘Look to the East’ doctrine amid frustration with Europe

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Britain, France, Germany and the European Union — the European signatories to the Joint Comprehensive Plan of Action (JCPOA) — have offered little beyond frustration to Iran, which had been expecting them to provide the promised economic dividends of the accord in the face of US pressure that has been mounting since President Donald Trump’s withdrawal from the deal in ... Read More »

IRAN OPPOSES MOVING OIL PRODUCER GROUP’S NEXT MEETING

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LONDON- Iran has told OPEC that it opposes delaying the oil producer group’s next meeting, setting the scene for another fight with fellow members as US sanctions put Tehran under unprecedented economic pressure with its oil exports down to just a trickle. Iranian Oil Minister Bijan Zanganeh, in a letter seen by Reuters, said he disagreed with an OPEC proposal ... Read More »

BRICS Account for 35% of Iran’s Non-Oil Trade

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Iran traded 4.62 million tons of non-oil commodities worth $1.71 billion with BRICS nations during the first Iranian month (March 21-April 20), registering a 48.02% rise in tonnage and 11.15% decline in value compared with last year’s same month. Latest data released by the Islamic Republic of Iran Customs Administration show Iran’s exports totaled 3.94 million tons worth $886.08 million ... Read More »

On Iranian Oil Import, A US Warning To India, China

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WASHINGTON: Any efforts to import Iranian crude oil beyond the accepted levels negotiated from November to May will be sanctioned, the US has warned, amidst reports that India and China were seeking ways to buy oil from Tehran. US President Donald Trump last month refused to give waivers to countries like India from buying oil from Iran, in an attempt ... Read More »

Saudi Arabia asks nations to respond to Iran with ‘firmness’

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JIDDAH, Saudi Arabia — Saudi Arabia’s foreign minister says Muslim nations must confront recent attacks blamed on Iran with “all means of force and firmness.” Ibrahim al-Assaf made the comments early Thursday at a meeting of foreign ministers of the 57-nation Organization of Islamic Cooperation in Jiddah ahead of a series of summits in the kingdom. Al-Assaf said the alleged ... Read More »

China Chugs Iranian Oil Ahead of U.S. Sanctions Return

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China’s inflow of Iranian crude oil surged to a five-year high in April as the world’s biggest oil importer engorged itself ahead of the return of U.S. sanctions against the Middle Eastern country earlier this month. Oil imports from Iran hit 3.24 million tons for the month of April, up 41% year-on-year, according to data from China’s General Administration of ... Read More »

U.S. Warns Hong Kong to Avoid Tanker in Breach of Iran Sanctions

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The U.S. warned Hong Kong that it could face penalties if it does business with an oil tanker headed for the city that allegedly violated sanctions on Iran. Washington wants to put China and the autonomous city on notice that it will aggressively and consistently enforce its Iran sanctions, a senior U.S. official said on Tuesday, speaking on condition of ... Read More »

China’s Saudi Oil Imports Jumps After Waiver On Iranian Oil Sanction Expires

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China’s purchase of Saudi crude oil jumped 43 percent on the year in April to an average 1.53 million barrels per day compared to 1.07 million barrels per day in April last year. Independent refiners continued to import more on Saudi as the sanctions on Iranian oil continues. Imports of Saudi and Russian oil increased after the waivers to purchase ... Read More »

Iran-China non-oil trade hits $8.8b in four months

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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 to the charts and numbers, Iran’s share of non-oil exports to China during the period reached $6 billion, which indicates a 20% decline year-on-year. China’s exports to Iran during the January-April period ... Read More »

Iran’s Non-Oil Trade With Mexico Declines

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Iran traded 3,158 tons of non-oil commodities worth $5.86 million with Mexico in the last fiscal year that ended on March 20, 2019, registering a 97.97% and 83.84% 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 Mexico stood at 2,907 tons worth ... Read More »

Iran says ready to connect Pakistan’s Gwadar to Iran’s Chabahar port

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TEHRAN, : Iran says it is ready to connect Pakistan’s Gwadar port to Iran’s Chabahar port to promote trades, Press TV reported on Friday. The proposal was put forward by Iranian Foreign Minister Mohammad Javad Zarif upon his arrival in Pakistan’s capital Islamabad on Thursday. “I’ve come here with a proposal for the government of Pakistan for connection between Chabahar ... Read More »

Russia may have designs on Iran’s trade with Syria

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When Russian Deputy Prime Minister Yuri Borisov paid a visit recently to Damascus to meet with Syrian President Bashar al-Assad, the trip fueled speculation about Russia’s future trade role in Syria and whether it might challenge Iran’s dominance. Borisov is also co-chair of the Russian-Syrian Commission on Trade, Economic, Scientific and Technical Cooperation. The April 20 visit also spurred more ... Read More »

Iran Registers $255m in Non-Oil Trade Surplus With Neighbors

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Tehran : Iran traded 3.66 million tons of non-oil commodities worth $1.84 billion with its 15 neighboring countries in the first month of the current fiscal year (March 21-April 20) to register a 12.75% and 13.63% decline in tonnage and value respectively compared with the same period of last year. Latest data released by the Islamic Republic of Iran Customs ... Read More »

Iran exports 49,578 tons of non-oil stuff to Nepal

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TEHRAN: Iran has exported 49,578 tons of non-oil commodities to Nepal worth $12.77 million in the last fiscal year (ended March 20, 2019). The exports register a 2,236.25% and 3,114.84% hike in tonnage and value, respectively compared with the year before, the latest data released by the Islamic Republic of Iran Customs Administration show. Iran exported urea, bitumen, float glass ... Read More »

Iran’s Non-Oil Trade Volume With Lebanon Up 122%

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Iran traded 44,668 tons of non-oil commodities worth $79 million with Lebanon during the last fiscal year (ended March 20, 2019) to register a 122.44% growth in tonnage and 38.23% decline in value compared with the year before, data released by the Islamic Republic of Iran Customs Administration show. Iran’s exports to Lebanon stood at 41,056 tons worth $66.43 million, ... Read More »

Iran accuses US of ‘unacceptable’ escalation in tensions

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TOKYO: Iran accused the United States Thursday of an “unacceptable” escalation of tensions and said Tehran was showing “maximum restraint” despite Washington’s withdrawal from a nuclear deal with world powers. Tensions were already high after President Donald Trump walked away a year ago from the accord, which eased international sanctions in return for curbs on Iran’s nuclear program. But tensions ... Read More »

Tanker unloads Iranian fuel oil at China port after near five-month trek

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Iran : A tanker carrying Iranian fuel oil in violation of U.S. sanctions has unloaded the cargo into storage tanks near the Chinese city of Zhoushan, according to ship tracking data on Refinitiv Eikon. The discharging of the nearly 130,000 tonnes of Iranian fuel oil onboard the tanker, the Marshal Z, confirmed by a representative of the oil storage terminal, ... Read More »

Iran’s Non-Oil Trade Surplus With African States Crosses $500m

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Iran traded 2.17 million tons of non-oil commodities worth $776.04 million with the member states of African states in the last Iranian year (ended March 20, 2019) to register a 21.93% and 26.26% decline in tonnage and value respectively compared with last year’s corresponding period. Latest data released by the Islamic Republic of Iran Customs Administration show Iran’s exports totaled ... Read More »