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National Iranian Oil Company (NIOC) by exploring 4.9 billion barrels liquid hydrocarbon in 2019, is standing on top of oil giants in the world.

Checks worth about 195 trillion rials ($866 million) bounced during the Iranian month to July 21 -- up 4.9% and down 0.8% in terms of volume and value respectively, compared to a month earlier.

Some 10 billion investments have been made in oil and petrochemical industries over the past five months since the beginning of the current Iranian year (started on March 21, 2020), Oil Ministry said on Tuesday.

Iran has seen a major growth in its agricultural sector as output has increased by more than 28 percent in six years ending March 2020.

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei has warned that the country’s economic future should not be tied to developments in other countries, including the November presidential elections in the United States.

US withdrew from the JCPOA in 2018 and can no longer call on its mechanisms, EU foreign policy chief said.

President Hassan Rouhani said on Tuesday that the Iranian government has a plan to supply oil in the energy bourse so that the traders can trade oil in the domestic market.

A Swiss pharmaceutical company has completed the first transaction under a new humanitarian trade channel with Iran, the government in Bern said on Monday.

Iran has found new copper reserves of around 528 million metric tons to become the world’s seventh largest holder of such reserves, says an industry chief.

Iranian Foreign Minister Mohammad Javad Zarif says his department would exhaust all means to have the country’s blocked funds released, adding that China and Oman have been the most supportive in this regard.