Author: Steven Sahiounie

The Philippines and Russia are actively exploring the potential for a mutually beneficial partnership in the realm of oil product supply. The Philippines has expressed its interest in procuring oil products from Russia and intends to address this matter during the upcoming Trade and Economic Commission meeting in October. This was conveyed by the Philippine Ambassador to Russia, Igor Bailen, during an interview with RIA Novosti at the Eastern Economic Forum (EEF). “As far as I know, there have been no deliveries of oil products yet. But there is definitely such an interest. There are certain issues we are now addressing. I hope that…

The US and Saudi Arabia are discussing strategic investments in African metal resources, signaling a move to secure a competitive edge in the global metal markets. The United States and Saudi Arabia plan to purchase large amounts of metals in Africa to aid their “green” energy transitions, The Wall Street Journal said on Sunday. The newspaper, citing people informed on the matter, said a Saudi State-backed enterprise will invest $15 billion in several African countries, including the Democratic Republic of Congo, Guinea, and Nambia. American companies are then expected to be awarded rights to buy some of the extracted metals, WSJ said. The US…

Morteza Shahmirzaei went on to say that the completion of the value chain and the creation of added value are the key factors in the development of the petrochemical industry with the aim of taking optimal advantage of investment opportunities. He said the development of technology in the downstream sector is among NPC’s policies, continuing that focusing on the transfer of technology through indigenizing and broadening domestic technical know-how is one of the principles of forming value chain, SHANA reported. The IranPlast International Exhibition, as the biggest event of the country’s supplementary and midstream industries of the petrochemical sector, can…

The direct shipping route will be aimed at frequenting Chabahar, Iran’s only oceanic port located on the Sea of Oman, and to help activity increase in the trade gateway, the IRISL said in a statement. The statement added that the route from Chabahar Port’s Shahid Beheshti Terminal and Nhava Sheva Port in India will reduce the transportation time between Iran and India to five days and will offer very competitive prices to the businesses. “It is expected that it can have a major impact on the expansion of trade and strengthening the regional and extra-regional position of the port of…

Kazem Jalali called the purchase of a portion of stocks of Russia’s Solyanka Port ‘important and positive’ and stated that non-dredging of the Volga River is one of the main obstacles ahead of maritime transport and transit. Although the relations between Iran and Russia have faced many ups and downs in recent years, these relations have been ‘friendly and amicable’ and reached the ‘strategic level’, he emphasized. Some 53 percent of stocks of Solyanka Port in the Russian Federation is possessed by the Islamic Republic of Iran Shipping Lines (IRISL) Group, he said, adding that the IRISL has invested more than…

More than 90 domestic and foreign manufacturers and suppliers of fabrics active in various fields attended the fair to showcase their latest products and achievements. Fabric production units from different provinces and cities, including Tehran, Isfahan, Yazd, Alborz, Kashan, and other cities, are displaying their latest products and designs in the exhibition. Backing domestic textile and fabric manufacturing and industrial units has been cited as the main aim behind organizing the exhibition. In addition to the participation of domestic companies in this prestigious event, representatives of fabric manufacturing companies from China, Korea, Italy, and other countries are present at the exhibition. The…

Russia and Türkiye are aiming to increase annual trade turnover to $100 billion  Ruble trade settlements between Türkiye and Russia jumped by 230% in the first seven months of the year compared to the same period in 2022, the Aydinlik news outlet reported on Wednesday, citing official statistics. Export and import transactions between the two countries amounted to the equivalent of $700 million between January and July 2023. Total export settlements in rubles equated to $428 million, while import payments in the Russian currency reached $267 million, figures showed. The number of export contracts surged by 181%, while import…

Single voting day elections were held throughout Russia on September 8-10 Belarusian President Alexander Lukashenko has congratulated his Russian counterpart, Vladimir Putin on the successful holding of the single voting day, the press service of the Belarusian leader said on Sunday. “Belarusian President Alexander Lukashenko congratulated Russian President Vladimir Putin on the successful holding of the important event for Russia’s political life – the single voting day,” it said, “The landslide victory of representatives of the United Russia political party at the elections of heads of Russian regions, members of legislative and local representative bodies indicates a wide support for…

The Russian Central Election Commission has decryption keys from all the five time zones Voting is over in all Russian regions, decryption keys to the results of remote electronic voting obtained, head of the Russian Central Election Commission (CEC) Ella Pamfilova said on Sunday. “Voting is now over everywhere, we have decryption keys from all the five time zones,” she said. Source: TASS

Syria affirmed that the US and its tools of terrorist organizations and militias continue to violate Syrian sovereignty and plunder the country’s wealth and strategic resources, and demanded thatAmerican officials be held accountable for the looting and that the American administration be obliged to compensate for them, end the illegal presence of American forces, and return the lands it occupies and the oil and gas fields to the Syrian state. The Ministry of Foreign Affairs and Expatriates sent a letter to the Secretary-General of the United Nations and the President of the Security Council, demanding that they put an end…