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Tehran and Baghdad Forge New Partnership: MoUs Signed to Boost Oil Cooperation
Iraq’s Deputy Prime Minister for Energy Affairs Hayan Abdul-Ghani Al-Sawad met with Iranian Oil Minister Mohsen Paknejad in Baghdad to enhance bilateral energy cooperation. Their discussions led to the signing of several Memoranda of Understanding (MoUs) focused on collaboration in the oil and gas sectors, aiming to exchange expertise and promote joint projects. Both ministers emphasized ongoing collaboration, infrastructure development, and improving market access to bolster energy security. Paknejad’s visit highlighted the deep cultural ties between the nations, with a commitment to strengthen relations in the evolving energy landscape, benefiting both economies significantly.
Iran’s Foreign Minister: Evading Sanctions Enhances Tehran’s Negotiating Strength
At a recent conference in Shiraz, Iranian officials, led by Abbas Araghchi, emphasized the significance of economic diplomacy and good neighborliness in fostering commercial relationships amidst ongoing sanctions. Araghchi outlined the Foreign Ministry’s role in supporting Iranian businesses by identifying non-sanctioned trade opportunities and countering economic restrictions. He asserted that U.S. sanctions have not succeeded in undermining the resilience of the Iranian people, noting that the U.S. has acknowledged there are no new sanctions to impose. The conference aimed to enhance trade relations and explore new markets, highlighting Iran’s strategy to strengthen economic diplomacy and overcome external challenges.
Iran Prepares for Major Trade Event: Optimism Soars for Economic Growth!
The Iran Expo, a key platform for manufacturers, exporters, and investors, aims to boost non-oil exports and showcase Iran’s diverse industries despite ongoing sanctions. This 7th edition of the exhibition features business matchmaking sessions and panel discussions on global market trends, attracting thousands of entrepreneurs. The event coincides with indirect U.S.-Iran negotiations, raising hopes for improved trade relations. Highlighting its technological advancements, Iran Expo serves as a vital opportunity for knowledge-based companies to present innovative products and forge international partnerships. Ultimately, the exhibition seeks to diversify Iran’s economy and strengthen its position in the global marketplace.
Pakistan’s Embassy Showcases Culture and Innovation at Kish Expo 2025!
The Embassy of Pakistan in Tehran made a significant impact at Kish Expo 2025, showcasing the nation’s business development capabilities, cultural heritage, and tourism potential. Held on Kish Island, the expo served as a platform for international engagement, emphasizing economic partnerships and cultural exchange. Pakistan highlighted sustainable tourism initiatives, investment opportunities, and its diverse culture through various exhibits. The event facilitated networking and discussions, paving the way for future collaborations. Overall, the embassy’s participation aimed to bolster Pakistan’s visibility in the global market and attract foreign investment, reinforcing its commitment to international cooperation and economic diplomacy.
Iran Boosts Vital Gas Production by Partnering with Local Firms Amid Sanctions
Iran has signed a $17 billion contract with domestic firms to enhance gas production at the South Pars field, the world’s largest, in response to ongoing gas shortages. Despite having the second-largest natural gas reserves, Iran faces significant production declines due to inadequate infrastructure and a lack of foreign investment since the US withdrew from the JCPOA. The new contract involves pressure-boosting measures but experts warn that it may only slow production decline rather than halt it. Iran plans to build smaller platforms for gas extraction, but lacks experience in this area, raising concerns about future gas supply stability.