The South Korean Ambassador to Tehran Ryu Jeong-hyun told Tasnim News Agency that his country intends to keep its economic ties with Iran as it keeps negotiating with the US to get sanctions waiver.
South Korea intends to maintain trade with Iran: Ambassador
Products worth $16.5 billion were exported through the gates of the customs department of the Southern province of Hormuzgan in the last Iranian year (ended March 20), of which $2.7 billion were goods produced in the province.
Hormuzgan annual export of non-oil goods hits $16.5b
There are sufficient amounts of foreign currency in Iran, the Central Bank of Iran’s chief said, adding that the CBI has provided $6 billion in financing for imports only in the past two months.
CBI: Iran has ample forex reserves
Iranian Energy Minister Reza Ardakanian and his Russian counterpart, Alexander Novak, agreed to hold the next meeting of the permanent intergovernmental commission on trade and economic cooperation in mid-June.
Iran-Russia economic commission meeting due next month
Oil prices have jumped at the beginning of the trading week after indications emerged from the Organization of the Petroleum Exporting Countries (OPEC) that the body may maintain production cuts until the end of 2019.
Oil prices surge on signs OPEC may extend output cuts by year-end
India’s sudden halting of crude oil imports came as a shock for long-standing strategic partner Iran, but Tehran believes purchases will resume as soon as a new government comes to office in New Delhi, Iranian Ambassador to India Ali Chegeni told ThePrint.
Iran hopes new India gov’t will resume oil purchases: Envoy
Officials from Iran and the Czech Republic signed a memorandum of understanding (MoU) to strengthen economic cooperation in energy, car manufacturing and the rail transport sector.
Iran-Czech Republic to widen economic ties
Iraq backs an extension of the OPEC/non-OPEC production cut agreement, Thamir al-Ghadbhan, the country’s oil minister said on Sunday, while his Kuwaiti counterpart said current prices indicated the market was well-supplied, despite the US tightening sanctions on Iran.
Oil producers support OPEC+ cut extension
Iran is due to offer 10,000 tons of light naphtha, 2,000 tons of heavy naphtha and large cargoes of petrochemical products to domestic buyers through its energy bourse on Sunday, in a direct sale to bypass unilateral US sanctions.
Iran to offer petrochemical products in energy bourse
Governor General of Tehran Province Anoushiravan Mohseni Bandpey and Turkey’s Ambassador to Iran Derya Örs hailed the two countries’ close ties, and discussed ways to ease trade between the two sides.
Iran, Turkey to further facilitate bilateral trade

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