US Pushes Iraq to Stop Buying Energy From Iran

According to Sputnik, Iraq have to buy energy from Iran otherwise it can support the required electricity of its country. On the other hand Iraq is under pressure of US to stop importing of energy from Iran. Marshall Billingslea, Assistant Secretary for Terrorist Financing in the United States Department of the Treasury, asked Iraq not…

“Oman” a good trading partner for Iran

The evaluation of market shows that a new base for trade is going to be formed in the region which can strengthen Iran exchange system and its foreign trade. It seems that Iranian traders can enumerate Oman as a new headquarters for export of Iranian goods. Iranian authorities are interested in Oman companies’ investment in…

Iranian banks join Russian SWIFT

According to IRNA, Iran’s Financial Electronic Messaging System is prepared to connect to Russia’s Financial Messenger Network (SWIFT) in order to limit bank sanctions. US has restricted Iranian banks’ access to Swift’s financial messenger system to tighten sanctions but Iran tries to make other alternative ways to be connected with the global financial systems. One…

Iran to down imports of industrial goods by $10bn

According to Reza Rahmani, Iran’s minister of industry, the imports of industrial products including machinery and equipment would be down by $10 billion in 2021. He added that Iran plans to “deepen domestic manufacturing and to indigenize the country’s industrial needs”. He continued that over 1,850 industrial units across Iran had already resumed operations and…

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Global Steel Demand on 2020

According to WordSteel, the global steel demand will decrease from +4.2% on 2019 to +1.9% on 2020. If China be excluded from the calculations, steel demand improves from +0.7% to +2.7%. Iran steel demand has reduced 5.5% on 2019 because it was expected that GDP decreases 6.2%! However it seems that Iran steel market will…

USD 400 Billion Investment of China in Iran

Petroleum Economist informed that Tehran and Beijing agreed on USD 400 billion investment of China in oil, gas, petrochemical and transportation industries of Iran. This agreement was signed in 2016 and now Mohammad Javad Zarif, the Iranian Foreign Minister, travelled to China in order to improve this agreement. According to a reliable source in Iran…

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