Over 50,000 tons of sponge iron exported in a monthOver 50,000 tons of sponge iron exported in a month

TEHRAN- Iran exported over 50,000 tons of sponge iron in the first month of the current Iranian calendar year (March 21-April 20).

It is while the country had exported just 1,000 tons of the product in the first month of the previous year.

Direct reduced iron (DRI), also called sponge iron, is produced from the direct reduction of iron ore (in the fo

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Iran-UAE Joint Chamber to hold general assembly in late-JuneIran-UAE Joint Chamber to hold general assembly in late-June

TEHRAN - The annual general assembly of the Iran-UAE Joint Chamber of Commerce will be held on Monday, June 29 at the place of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA).

As reported by the ICCIMA portal, presenting a report on the performance of the board of directors in the previous Iranian calendar year 1401 (ended

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Iran-Turkmenistan business forum slated for mid-JuneIran-Turkmenistan business forum slated for mid-June

TEHRAN – Mashhad Chamber of Commerce, Industries, Mines and Agriculture, in northeastern Iran, is going to host an Iran-Turkmenistan business forum on June 17, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) announced.

As reported, the event has been organized by the Iran-Turkmenistan Joint Chamber of Commerce,

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Iran adds 15 ships to its merchant fleet in Caspian SeaIran adds 15 ships to its merchant fleet in Caspian Sea

TEHRAN - Iran has added 15 ships to its trade maritime fleet in the Caspian Sea amid growing trade ties with Russia and other countries located to the north of Iran.

As Mehr News Agency reported, the head of Iran’s Ports and Maritime Organization (PMO) has said that expanding Iran’s northern fleet of commercial vessels has become a priority for the

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Iran moving toward turning into gas hub in West Asia: expertIran moving toward turning into gas hub in West Asia: expert

TEHRAN - Iran is moving toward turning into a gas hub in West Asia by resuming imports from Turkmenistan, Shana quoted an energy market expert as saying on Saturday.

According to Hamid Hosseini, any type of energy exchange with neighboring countries promotes Iran’s position in the world’s gas market and increases its share in the gas trade.

The

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OPEC+ wraps up 35th meeting, deciding on 40.46 mb/d of output in 2024OPEC+ wraps up 35th meeting, deciding on 40.46 mb/d of output in 2024

TEHRAN - OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, has decided to adjust the level of overall crude oil production to 40.46 million barrels per day (mb/d) in 2024.

The group which pumps around 40 percent of the world's crude oil, gathered on Sunday for their 35th meeting to decide on new

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