PMO to strengthen maritime economy, transit this year

TEHRAN, Mar. 22 (MNA) – Iran will allocate 154 trillion rials for commercial port investments to accelerate maritime trade and economic growth in 1404 (2025-2026), an official at Ports and Maritime Organization (PMO) announced.

Iran’s mining exports up 1.2% in 11-month period

TEHRAN, Mar. 19 (MNA) – Iran’s mining exports rose slightly year on year in the 11 months of the current Iranian calendar year (March 212, 2024 to February 18, 2025) to reach a total of $12.599 billion.

Iran’s free trade pact with EEU to come into force in May

TEHRAN, Mar. 18 (MNA) – The Free Trade Agreement (FTA) between the Islamic Republic of Iran and the Eurasian Economic Union (EAEU) will come into effect on May 15.

Iran aims to collect 16bcm APG by end of 7th Development Plan

TEHRAN, Mar. 17 (MNA) – Iran’s Oil Minister Mohsen Paknejad stated that burning associated petroleum gas (APG) signifies the waste of the country’s natural resources.

Iran increases minimum wage for workers by 45%

TEHRAN, Mar. 17 (MNA) – Iran has increased its minimum wage by nearly a half amid efforts to cushion the impacts of inflation on the lives of millions of workers in the country.

Iran reports new record in cargo transit

TEHRAN, Mar. 17 (MNA) – Iran has reported a new record in international cargo transit via its territory amid efforts by the government to increase its revenues from transit fees and boost economic and trade relations with regional countries.

Iran aims to become energy hub in region: Veep

TEHRAN, Mar. 16 (MNA) – Iran's First Vice President Mohammadreza Aref stated that Iran is striving to become a regional energy hub, emphasizing that achieving that goal is a top priority for the administration of President Masoud Pezeshkian.

ISPA:

Iran’s mild steel output down 6.7% y/y in 11-month period

TEHRAN, Mar. 16 (MNA) – Iran’s production of mild steel fell by 6.7% year on year in the 11 months to February 18, causing a loss of nearly $1 billion in export revenues, according to figures by the Iranian Steel Producers Association (ISPA).

Iran's central bank reports record sales in its gold auctions

TEHRAN, Mar. 16 (MNA) – The Central Bank of Iran (CBI) has reported a record sale in its last round of gold auctions held in the calendar year ending March 20.

President Pezeshkian announces Iran-Eurasia FTA

TEHRAN, Mar. 15 (MNA) — Iranian President Masoud Pezeshkian on Saturday announced the implementation of Free Trade Agreement (FTA) between Iran and Eurasian Economic Union and its member states.

Permit to buy gas from Iran still valid: Iraqi official

TEHRAN, Mar. 15 (MNA) – An advisor to the Iraqi prime minister has said that the United States has still not cancelled sanctions waiver for Baghdad to purchase Iranian gas.

Iran’s oil exports cannot be stopped: Govt. spokeswoman

TEHRAN, Mar. 15 (MNA) — Iranian Government Spokeswoman Fatemeh Mohajerani says that Iran’s exports of oil cannot be stopped despite sanctions imposed against the country.

Russia using Crypto in Chinese , Indian Oil Trade: Source

TEHRAN, Mar. 15 (MNA) – Russia is using cryptocurrencies in its oil trade with China and India to dodge Western sanctions, Reuters reported Friday, citing four sources with direct knowledge of the matter.

IEA sees global oil market surplus for 2025

TEHRAN, Mar. 15 (MNA) — The International Energy Agency (IEA) has said global oil supply could exceed demand by around 600,000 barrels per day in 2025.

Chinese state refiners cut oil imports from Russia

TEHRAN, Mar. 15 (MNA) – Some state-controlled Chinese refiners have reduced purchases of Russian oil loadings for March as they assess the risks of dealing with sanctioned entities.

Iran’s non-oil export to Armenia increases 21%

TEHRAN, Mar. 14 (MNA) – The value of Iran’s non-oil export to Armenia increased by 21 percent during the first ten months of the current Iranian calendar year (March 20, 2024-January 19, 2025).

Iran reacts to new US sanctions against Oil Minister

TEHRAN, Mar. 14 (MNA) – Iran has strongly condemned new US sanctions against Oil Minister Mohsen Paknejad and some entities and vessels involved in the country's crude exports as a testament to Washington's "infringement of the law and hypocrisy."

US sanctions Iranian oil minister, ships, other entities

TEHRAN, Mar. 13 (MNA) – The United States imposed sanctions on Thursday on Iran's oil minister Mohsen Paknejad and some Hong Kong-flagged vessels that are part of a shadow fleet that helps disguise Iranian oil shipments.

IRISL reports record high in TEU activity

TEHRAN, Mar. 12 (MNA)- Islamic Republic of Iran Shipping Line Group (IRISL) has reported a major rise in its handling of the twenty-foot equivalent unit (TEU) containers in the current calendar year compared to the year that ended in late March 2024.

Iran, Turkey discuss pathways to $30 billion trade goal

TEHRAN, Mar. 12 (MNA) – Officials from Iran and Turkey explore mechanisms to achieve the target of $30 billion in trade.

Iran begins gas production from first infill well at S Pars

TEHRAN, Mar. 12 (MNA) – Iran started gas production from its first infill well at South Pars, the country’s largest gas field in the Persian Gulf, increasing supply to meet growing energy demand.

Trump threatens Canada once again

TEHRAN, Mar. 11 (MNA) – President Donald Trump on Tuesday threatened a sharp escalation in the budding trade war with Canada in retaliation for Ontario’s export surcharge on US electricity.

From May 29 to June 1;

20th International Auto Parts Exhibition to be held in Tehran

TEHRAN, Mar. 11 (MNA) – The 20th International Exhibition of Auto Parts, Accessories, and Assemblies will be held from May 29 to June 1, 2025, at Tehran’s Permanent International Fairgrounds.

Iran rejects reports of ceasing Iranian oil vessels: FM spox

TEHRAN, Mar. 10 (MNA) – The spokesperson for Iran's Foreign Ministry dismissed claims made by a foreign media outlet regarding the halting of Iranian oil tankers, describing them as fabricated, false, or biased reporting.

Iran's 1st infill drilling well project comes on stream in SP

TEHRAN, Mar. 10 (MNA) –The first well of a 35-well infill drilling project in the South Pars field has been commissioned, according to the CEO of Pars Oil and Gas Company (POGC).

Report:

Sanctions tangling, not stopping China’s Iran oil trade

TEHRAN, Mar. 09 (MNA) – A Western media report has said that the newly intensified sanctions against Iran are not going to stop Iranian oil exports to China but they are just squeezing the trade.

Iran awards $17bn contracts to boost pressure in South Pars

TEHRAN, Mar. 09 (MNA) – Iran has awarded some $17 billion worth of contracts to domestic companies for a major pressure-boosting project in South Pars, the world’s largest gas field that straddles the maritime border between Iran and Qatar.

Pezeshkian acknowledges energy challenges, calls for unity

TEHRAN, Mar. 08 (MNA) – President Masoud Pezeshkian acknowledged on Saturday that Iran faced a difficult winter but praised the efforts of the oil, energy, and interior ministries for helping the nation navigate the challenges.

Iran, Belarus stress developing tourism, aviation industry

TEHRAN, Mar. 08 (MNA) – Officials from Iran and Belarus emphasized the need for expanding cooperation in the fields of tourism and aviation industry.

Iran’s non-oil exports hit a record high in 11 months

TEHRAN, Mar. 08 (MNA) – An official at Iran’s House of Industry, Mine and Trade has said that Iran’s export of non-oil goods in the first 11 months of the current Iranian calendar year (started March 21, 2024) hit a record high.