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0148 GMT August 12, 2022

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Iran non-oil trade up 31% in 11-month period

Iran non-oil trade up 31% in 11-month period
Economic Desk
Tehran, Moscow, Baku to hold meeting on transit, customs services
The Iranian ambassador to Baku unveiled plans for a trilateral meeting of Iran, Russia and Azerbaijan for talks on transit and customs affairs.
Iran revives long-delayed LNG project despite U.S. sanctions
Iran has revived a major liquefied natural gas (LNG) project that was delayed for years because of U.S. sanctions on the Iranian petroleum sector.
Communications ministers of Iran, Kazakhstan stress expansion of ties
The Iranian minister of communications and information technology and the Kazakh minister of digital development, in a meeting in Nur-Sultan City, emphasized the need for broadening mutual cooperation.
Iran’s six-month exports to U.S. up 16-fold
The value of Iran’s exports to the United States increased 16-fold in the first half of 2022 compared to the figure for the corresponding figure for 2021.
Russian oil pipeline flows set to resume after Hungary settles transit bill
Russian oil flows halted to parts of Europe should resume after Hungarian group MOL paid transit fees owed to Ukraine, officials and a minister said, providing a temporary solution to the latest disruption of Russian energy supplies.
Iran-Hungary five-month trade rises 44.8%
Iran’s trade with Hungary reached $19.35 million in the first five months of 2022, registering a 44.8 percent increase, year-on-year, according to data released by the Hungarian Central Statistical Office.
Power plant repairs cost Iran $135m in three months: Report
Iran spent more than $135 million on critical repair work needed in power plants in the country in the three months to late June amid efforts to boost grid reliability and to prevent power cuts in household and manufacturing sectors over the warn summer months.
U.S. consumer price growth unchanged for July
U.S. consumer prices did not rise in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for Americans who have watched inflation climb over the past two years.
Iran makes first import order using cryptocurrency: Report
Iran made its first official import order using cryptocurrency this week, Tasnim News Agency reported on Tuesday, a move that could enable the Islamic Republic to circumvent U.S. sanctions.