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Iran’s Mazandaran Achieves Milestone: Exports 1 Million Tons of Minerals in Just 9 Months!
Mazandaran province has emerged as a key player in the mineral export sector, with exports reaching 1.101 million tons valued at over $33.18 million from March 21 to December 22, 2024. The main exported minerals include cement, gypsum, and barite stone, primarily to Kazakhstan, Iraq, Russia, and Turkmenistan. Overall, Iran exported approximately 16.190 million tons of minerals worth over $476 million during the same period. This growth highlights Mazandaran’s rich mineral resources and strategic position in international trade, suggesting significant potential for economic development and partnerships as the demand for these resources continues to rise globally.
Iran and Turkmenistan Join Forces to Launch 3rd Power Transmission Line: A New Era of Energy Collaboration!
Iran and Turkmenistan have made strides in energy cooperation during a diplomatic meeting focused on the Mashhad–Marv electricity transmission line. Key figures, including Iran’s Minister of Energy and Turkmenistan’s Foreign Minister, emphasized the urgent need to complete the project, which aims to strengthen bilateral relations in energy and water management. The discussions highlighted historical ties and outlined a roadmap for future collaboration. Both nations expressed a commitment to enhancing cooperation beyond energy, addressing critical areas such as water resource management. This renewed focus on the transmission line signifies a positive development in regional partnerships, essential for sustainable growth.
Russia and Iran Collaborate on Building Advanced Nuclear Power Units
Russian President Vladimir Putin announced significant progress in the Bushehr Nuclear Power Plant (NPP) project in Iran, aiming to enhance energy security and provide cost-effective, eco-friendly electricity. The first unit is successfully operational, with discussions for additional units underway. Notably, 80% of construction is conducted by local Iranian companies, fostering job creation. Putin emphasized that the project strengthens Russian-Iranian cooperation and supports Iran’s economy while transitioning to sustainable energy sources. The Bushehr NPP represents a long-term vision for diversifying Iran’s energy portfolio and aligns with global efforts to combat climate change through low-carbon nuclear energy solutions.
Tehran’s Countdown Begins: Get Ready for the Biggest Exhibition of the Year!
The International Oil, Gas, Refining and Petrochemical Exhibition will be held in the capital from May 7 to May 10, showcasing innovations in the energy sector and fostering connections among over 2,000 Iranian and foreign companies. Following a recent conference on investment opportunities in Iran’s oil sector, the exhibition emphasizes “Investment in the Oil Industry: A Guarantee of Economic Growth and Development.” Iran’s oil industry, crucial for economic development, requires an estimated $250 billion in investments over the next eight years. This event aims to revitalize interest and investment, highlighting Iran’s potential in the global energy market.
Iran Sees 18% Surge in Non-Oil Exports Over 10 Months, Reports IRICA
Iran’s non-oil commodity exports surged by 18% in the first ten months of the current Iranian calendar year, reaching $47 billion, according to Foroud Asgari, head of the Islamic Republic of Iran Customs Administration. Despite facing sanctions, Iran imported $56 billion worth of non-oil goods, indicating robust international trade engagement. Notably, Khuzestan province contributed 19.2 million metric tons of goods valued at $6.2 billion. This growth in non-oil exports is crucial for Iran’s economic resilience and diversification efforts, fostering job creation and strengthening trade relations while mitigating the impact of sanctions on its oil sector.
Iran’s Central Bank Shatters Records with Soaring Gold Auction Sales!
The Central Bank of Iran (CBI) has achieved significant success in its recent gold auction, where 1.257 metric tons of gold bars were sold, exceeding the previous record of 567 kilograms. This auction generated around 110 trillion rials (approximately $120 million) and reflects Iran’s strategy to bolster gold reserves amid economic challenges and US sanctions. Since January, the CBI has sold 17.845 metric tons of gold, valued at over 1,000 trillion rials. Additionally, nearly one million gold coins have been sold in recent auctions, signaling strong investor interest as Iran seeks to stabilize its economy and currency.