Ukrainian trade delegation to sign trade accord with Alborz province
Head of Alborz Chamber of Commerce, Industry and Agriculture Rahim Bana-Moulaei said on Sunday that Ukrainian commercial delegation is due to sign a Memorandum of Understanding with provincial trade partners. He said that Vice-Chairman of Ukraine Chamber of Commerce is due to come to Alborz province on Monday heading a…
Factors influencing hard currency market
Despite the presence of factors governing the forex market that tend to push rates up, there are a number of strong forces emerging to curb further rises in rates. The English-language paper Iran Daily in an opinion piece published on Sunday examines the factors that affect Iran’s forex market. The…
Araqchi calls for ECO interregional co-op
Deputy Foreign Minister for Legal and International Affairs Abbas Araqchi on Sunday underlined the importance of expansion of interregional trade exchange between the member countries of the Economic Cooperation Organization (ECO). Addressing the Twenty-Sixty Meeting of the ECO Regional Planning Council (RPC) that started in Tehran today, Araqchi said Iran…
Iran, Finland discuss cooperation in oil projects
Iranian Deputy Petroleum Minister for International Affairs Amir-Hossein Zamani-Nia and visiting Finnish Minister of Foreign Trade and Development Lenita Toivakka in a meeting here reviewed areas of cooperation in the oil industry in the wake of the removal of sanctions. “Iran has defined and put on the agenda environment-friendly projects…
Veep: Post sanctions economic growth expected
First Vice-President Eshaq Jahangiri said on Sunday that the government is determined to pace up economic growth in the post-sanctions era. Addressing the 12th Iran Petrochemical Forum (IPF), Jahangiri said that the 6th Development Plan will be based on the principles of resistance economy. Jahangiri noted that resistance economy will…
Official: Petrochemical industry needs investment
Making positive developments in petrochemical industry needs increase in investment, head of National Petrochemical Company (NPC) of Iran said here Sunday. Mohammad Hassan Peyvandi made the remarks addressing the 12th annual international Iran Petrochemical Forum (IPF) in Tehran today. Government is capable of making investment in the Persian Gulf and…
Iran to see petrochemical boom soon
Iran will witness a petrochemical boom after the upcoming removal of sanctions, managing director of National Petrochemical Company (NPC) of Iran said here Sunday. Addressing the 12th Iran Petrochemical Forum (IPF) that started in Tehran today, Abbas Sheri Moqaddam announced that the capacity of production of petrochemical products in Iran…
Global economy faces major headwinds, UN says
The world economy stumbled in 2015 and only a modest improvement is projected for 2016-17 as a number of cyclical and structural headwinds persist, says the United Nations World Economic Situation and Prospects (WESP) 2016 report lunched at the UN Headquarters in New York over the weekend. According to the…
Iran bracing for giant leap in petchem industry
Minister of Petroleum Bijan Zangeneh said Iran is planning a giant leap in its petrochemical industry following the removal of sanctions in order to secure the targets set by the country’s Twenty-Year Outlook plan, SHANA reported. “Value of Iran’s petrochemical products is expected to increase to 70 billion dollars, a…
Russia to launch own crude benchmark
Russia announced on Friday that it is planning to launch its own crude benchmark in 2016. Segey Kvartalnov, an advisor from the St. Petersburg International Mercantile Exchange (SPIMEX), told reporters that Russia’s plan to launch its own crude benchmark is meant to enable its domestic oil blends compete with other…
