Foreign Minister Mohammed Javad Zarif said the United States is trying to "bring Iran to its knees" and overthrow its government by seeking to thwart its international oil trade.
Foreign Minister Mohammed Javad Zarif said the United States is trying to "bring Iran to its knees" and overthrow its government by seeking to thwart its international oil trade.
North Korean Vice Foreign Minister Pak Myong Guk, accompanied by a delegation, departed from Pyongyang over the weekend for a visit to Non-Aligned Movement member states Syria and Iran, state media announced.
Leader of Islamic Revolution Ayatollah Seyyed Ali Khamenei on Monday visited the 32nd Tehran International Book Fair that is underway at Imam Khomeini Mosalla (prayer ground) in central Tehran until May 4.
Iran should not agree to engage in direct dialogue with the United States under the current circumstances, as there is no merit or purpose in doing so, two senior officials said.
"Some people simplistically say that we should hold talks with America, but I believe there is no point in talking to them as they have set 12 conditions for Iran, including putting an end to uranium enrichment," Parliament Speaker Ali Larijani said on Monday.
In abandoning the international 2015 Iran nuclear deal, US President Donald Trump and his top aides have touted the reimposition of economic penalties on Iran as part of a "maximum pressure" campaign to force a change in a wide range of Iranian behavior.
Privately funded power plants will continue to struggle with low profit margins in the months ahead unless government-affiliated Power Generation, Distribution and Transmission Company (Tavanir) buys their electricity at higher prices, secretary of the Electricity Industry Syndicate said Monday.
"The government buys each kilowatt of power from power stations at 700 rials (0.5 cent). This rate has not increased in the past four years whereas operating and maintenance costs have climbed at least three times," Parviz Ghiaseddin was quoted as saying by Barq News.
Talks are underway with the Energy Ministry, he said, but no final decision has been made about new prices.
Oil prices fell on Monday, extending a slump from Friday that ended weeks of rallying, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of US sanctions against Iran.
The US sanctions on Iran’s oil sector has had no influence on petrochemical exports because the mechanism defined for exporting petrochemicals differs from crude oil export, the secretary general of Association of Petrochemical Employers Unions said.
“Petrochemical exports continue as usual and with new petrochemical plants coming on stream later this year, this industry will show higher output numbers along with increase in exports,” IRNA quoted Ahmad Mahdavi-Abhari as saying.
With the completion of petrochemical plants, namely Marjan in Asalouyeh, the first phase of Bushehr Petrochemical Complex and Kaveh Methanol Company in Bushehr Province, Iran’s annual petrochemical output will surpass 63 million tons.
Bushehr Nuclear Power Plant in the southern namesake city that was temporarily shut down for technical overhaul has restarted operation, head of the plant said.
Iran’s economy is expected to shrink for the second consecutive year and inflation could reach 40%, an International Monetary Fund’s senior official said, as the country copes with the impact of tighter sanctions imposed by the United States.
The Eighth Iran-Turkey Transportation Commission was held in Tehran on April 28-29.
Iran traded 4.04 million tons of non-oil commodities worth $2.09 billion with the five member states of the Eurasian Economic Union, namely Russia, Kazakhstan, Armenia, Kyrgyzstan and Belarus, in the last Iranian year (ended March 20, 2019).
The statistics indicate a 22.96% and 34.08% increase 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 1.55 million tons worth $607.43 million during the year, indicating a 0.07% and 0.14% decrease in tonnage and value respectively year-on-year.
Imports stood at 2.49 million tons worth $1.48 billion, up 0.53% and 0.73% in tonnage and value respectively YOY.
The 8th Conference on Monetary Policies and Banking & Production Challenges was held Monday to explore the root causes of the lingering economic challenges in Iran.
The event was organized by Donya-e-Eqtesad Media Group -- the parent company of Financial Tribune, at Rayzan International Conference Center in northeast Tehran.
Amid uncertainty over's oil import possibilities from Iran after May 2 when the waivers to US sanctions on Iran are withdrawn, India’s state-run IDBI bank has stepped-up efforts in this direction by creating Iran trade processing cells in three Indian cities.
A three-day rally of classic cars will be held in Tehran from Wednesday to Friday.
Iran Khodro Powertrain Company, affiliated to the country’s major automaker Iran Khodro (IKCO), has signed a research and development agreement with Islamic Azad University to use academic potentials for boosting the key sector.
In the last fiscal year (ended March 20, 2019), a total of 955,923 cars and commercial vehicles were produced in Iran, indicating a 37.8% year-on-year decline.
Data released by the Industries Ministry show that during the 12 months to March 20, a total of 891,786 cars were made in the country, 38.2% lower than 1,442,598 units made a year earlier.
Commercial vehicle production also registered a 31.1% year-on-year decline. During the period, 64,137 trucks, buses, minibuses and pickups were produced, significantly lower than the previous year’s 93,158 units.
The daily average car production in Iran dropped to 2,443 from 3,952 YOY. The number of commercial vehicles rolling out of Iranian factories per day also dipped to 175 from 255 in the previous year.
Visiting Turkish Minister of Transport and Infrastructure Mehmet Cahit Turhan met with Iran’s Information and Communication Technology Minister Mohammad Javad Azari Jahromi in Tehran on Monday, underlining cooperation in ICT fields.
“We are set to boost our collaboration in the fields of communications,” the Turkish minister was quoted as saying on the ICT Ministry’s website.
Bus, metro and taxi fares in the capital have gone up by 20% after Tehran City Council approved the new rates in a meeting on Sunday.
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