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Iran Sets Sights on Strengthening All-Out Ties with Africa, Says Pezeshkian
The Third Iran-Africa Economic Cooperation Conference in Tehran aims to strengthen economic ties between Iran and over 50 African nations. President Masoud Pezeshkian announced Iran’s willingness to share advancements in healthcare, trade, and agriculture. The event features specialized panels on critical industries like petrochemicals, mining, and health. Scheduled from April 27 to May 1, it coincides with the Iran Expo 2025, showcasing Iran’s commitment to international trade. Officials emphasized the potential for increasing trade, currently at only 3% of Iran’s exports to Africa. The conference serves as a platform for building lasting partnerships and collaborative opportunities.

President Pezeshkian Explores Innovations at Eurasia Expo 2025 in Tehran
The Eurasia Expo 2025 is a crucial event aimed at enhancing trade and economic cooperation among Eurasian nations and beyond. Featuring over 100 Iranian companies, it also hosts delegations from Russia, Armenia, Kazakhstan, Kyrgyzstan, and Belarus. President Pezeshkian emphasized the expo’s role in boosting Iran’s economic relations within the Eurasian Economic Union. The event provides networking opportunities, workshops, and panel discussions focused on industry trends. As countries collaborate, they aim to foster long-term partnerships and create a robust economic framework. The expo highlights the importance of regional cooperation for mutual growth and prosperity in a changing global market.

Iran and Uzbekistan Set to Sign PTA to Boost Bilateral Trade, Says Chairman
Recent talks between Iran and Uzbekistan have led to significant advancements in bilateral trade, with a Preferential Trade Agreement (PTA) set to be signed at the Joint Economic Cooperation Commission meeting. Samad Hassanzadeh, chairman of the Iran Chamber of Commerce, highlighted the potential to increase trade to over $500 million. The PTA is expected to streamline trade processes and reduce tariffs, enhancing cooperation. Additionally, an upcoming Iran Expo 2025 will showcase Iran’s strengths in various sectors. Both countries are optimistic about collaboration, particularly in textiles and investments, marking a pivotal step towards strengthened economic ties.

Iran and Russia Forge Groundbreaking Gas Swap Agreement: Key Details Revealed by Envoy
Iran and Russia have reached a pivotal agreement on the Rasht-Astara railway project during President Masoud Pezeshkian’s visit to Moscow, with plans to finalize the executive agreement by March 2025. The discussions, led by Pezeshkian and President Vladimir Putin, highlight the railway’s role in enhancing trade and connectivity between the two countries. The project, initially formalized in May 2023, is already underway with weekly coordination meetings between the Iranian and Russian transport ministers. Additionally, progress is being made on a Russian gas transfer deal to Iran, further strengthening their economic partnership.

Iran Cuts Gas Supply to 12 Petrochemical Plants: Impact and Implications Explored
Iran is grappling with a severe winter energy crisis, leading to the suspension of natural gas supplies to 12 petrochemical plants amid soaring residential demand. Ahmad Mahdavi Abhari from the Petrochemical Industry Employers Association stressed the need for a 10% reduction in residential gas consumption to redirect supplies to industries. He urged the government to expedite investment contracts for petrochemical companies and criticized delays by the Ministry of Oil. Oil Minister Mohsen Paknejad indicated that Iran needs $45 billion to enhance gas production and address air pollution. The crisis underscores the necessity for robust energy management and infrastructure investment for economic stability.