News

» Permanent Costa Rican representative to the UN Eduardo Ulibarri says sanctions against Iran, particularly on its oil sector, have had many adverse consequences on the global economy. 2012/04/30

» Iran exported over 132,000 tons of gasoline, worth around $134 million, last year (which ended on March 19), the ISNA News Agency reported. 2012/04/30

» Iran exported 187.4 thousand tons of petrochemicals, worth $218 million, last month (Farvardin, ended on April 19), the Shana News Agency reported. 2012/04/30

» The National Iranian Oil Company (NIOC) has started developing Iran's biggest offshore oil field in the Persian Gulf which is shared with Saudi Arabia. 2012/04/30

» Iran's saffron exports have increased by more than 40 percent over the past Iranian calendar year (ended March 19, 2012), standing at over 130 tons. 2012/04/30

» International Monetary Fund: The International Monetary Fund (IMF) says the Egypt and other Middle East states should look to the Islamic Republic as a model for how to cut subsidies. Iran ventured where few of its regional rivals dared in 2010 when it raised fuel prices. 2012/04/30

» The Securities & Exchange Commission of Pakistan (SECP) has disseminated a letter of the foreign office to the chambers of commerce of the country for taking necessary actions on U.S. sanctions on Iran, said a letter of the SECP on Saturday. 2012/04/30

» China and India are still the two major importers of Iranian crude oil, the National Iranian Oil Company’s director for international affairs said, rejecting some news which claimed China has decreased crude imports from Iran. 2012/04/30

» Iran’s Customs Administration says the export of handmade carpets increased about one percent in the last Iranian calendar year (ended March 19, 2012) to hit USD 560 million. 2012/04/30

» US Treasury Secretary Timothy Geithner: US Treasury Secretary Timothy Geithner says the financial crisis in the eurozone plus the Western dispute over Iran’s nuclear energy program, which led to the country’s decision to halt crude exports to some European countries, have jeopardized the US economy. 2012/04/30

» Iran has opened a €100-million credit line for Iranian entities to invest in African nation Tunisia, the Iranian ambassador to Tunisia announced on Saturday. 2012/04/30

» Kyrgyzstan and Tajikistan have announced readiness to import natural gas from Iran, the managing director of the National Iranian Gas Company stated. 2012/04/30

 Commercial Opportunities

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