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Iran’s Exports to Eurasian Markets Surge 22% in Just 10 Months, Reports Official
At the Iran Eurasian Expo in Tehran, significant growth in Iranian exports to the Eurasian Economic Union (EAEU) was announced. From March 2024 to January 2025, over 4 million tons of goods valued at over $1 billion were exported, reflecting a 27% increase in weight and 22% in value for non-oil commodities. Notably, Russia imported over 2 million tons from Iran, with 49.2% growth in weight and 54.5% in value. The expo showcased Iranian products, emphasizing the strengthening economic ties with EAEU countries and indicating a promising future for trade expansion and cooperation.
Iran’s Foreign Trade Soars to $117 Billion in Just 11 Months, Reports IRICA
Iran’s non-oil foreign trade has shown notable growth, with trade volume reaching 176.102 million tons during the first 11 months of the Iranian calendar year, a 9.2% increase from the previous year. The total value of non-oil trade was $53.376 billion, while imports surged by 19% in weight and 5.6% in value. Key exports included natural gas ($6.6 billion) and liquefied propane ($3.3 billion). This growth reflects Iran’s efforts to diversify its economy and reduce reliance on oil. The government aims to expand trade relations with neighboring countries, enhancing economic stability and employment opportunities.
Iran and Armenia Strengthen Ties: Boosting Energy Cooperation for a Sustainable Future
In a recent meeting, Mohammad Sadegh Azimifar, CEO of Iran’s NIORDC, and Armenian Economy Minister Gevorg Papoyan discussed enhancing oil product trade and energy cooperation between Iran and Armenia. Emphasizing Armenia’s interest in high-quality Iranian liquefied gas (LPG), they explored various collaboration opportunities, including infrastructure development for LPG and natural gas supply, joint investments, and efficient use of regional logistics. The discussions aimed to bolster Armenia’s energy security and diversify its energy sources. Both leaders acknowledged the mutual benefits of their partnership, marking a significant step towards achieving sustainable energy solutions and improved regional energy stability.
Iran Sees Jet Fuel Consumption Surge by Over 6% Year-on-Year Through March
Iran’s civil aviation sector is showing resilience despite ongoing international sanctions, as reported by the head of the Aviation Refueling Department. In the year leading up to March 20, over 1.572 billion liters of jet fuel were supplied, an increase of nearly 100 million liters from the previous year, supporting 212,886 flights. Daily fuel consumption rose by 250,000 liters to approximately 4.308 million. However, the Iranian government plans to end subsidies for jet fuel to save nearly $1 billion annually, raising concerns about potential cost increases for airlines and passengers. Despite challenges, demand for air travel in Iran remains strong.
Iran’s Roads Minister Strengthens Transport Cooperation with Iraq During Key Visit
Iran’s Minister of Roads and Urban Development, Farzaneh Sadegh, visited Iraq to bolster transportation ties, focusing on the Shalamcheh–Basra railway and improving pilgrimage facilities for the upcoming Arbaeen event. Welcomed by Iraq’s Deputy Minister of Transport, Sadegh plans to meet with top officials, including the Prime Minister, to discuss cooperation, the status of bilateral relations, and logistical challenges for pilgrims. The railway project aims to enhance travel and trade between the nations. Sadegh’s visit underscores their commitment to strengthen cultural and economic connections through improved transport infrastructure, benefiting both countries in the long term.
US and Ukraine Forge Strategic Minerals Agreement: Treasury Department Announces Key Partnership
The “United States-Ukraine Reconstruction Investment Fund” has been announced to strengthen economic ties between the US and Ukraine, focusing on recovery following ongoing challenges. The fund, structured as a 50/50 partnership, will primarily target mineral, oil, and gas projects crucial for Ukraine’s infrastructure. Its financing will come from direct investments, future US aid, and revenue from new mineral licenses, without imposing debt obligations on Ukraine. Ukraine will contribute 50% of royalties from future licenses. This initiative underscores the importance of international collaboration for economic stability and energy security, reinforcing the strategic alliance between the two nations.
