Shorouk Express BAKU, Azerbaijan, October 18. Oil and gas exploration is currently underway near Azerbaijan’s border and in Iran’s northwestern Ardabil province, Mohyeddin Jafari, Head of the Exploration Department at the National Iranian Oil Company, told local media, Trend reports. Jafari noted that both two-dimensional (2D) and three-dimensional (3D) surveys are being conducted. He pointed…
Shorouk Express BAKU, Azerbaijan, October 15. The Central Bank of Iran (CBI) has released the official exchange rates for foreign currencies as of October 15, Trend reports. According to the rates announced by the CBI, the value of 41 currencies went up, while 3 currencies dropped compared to October 14. The official rate for $1…
Shorouk Express Economy Materials 6 October 2025 09:53 (UTC +04:00) Iran has inaugurated a new section of the Isfahan–Shiraz highway, a key route expected to boost the North–South and East–West International Transport Corridors. The project, valued at about 380 million dollars, is set to shorten travel time by roughly two hours and save…
Shorouk Express Economy Materials 3 October 2025 02:28 (UTC +04:00) East Azerbaijan Province imported 223,000 tons of products worth about $638 million from March 21 to September 22, 2025. Key import sources included Türkiye ($299 million), the UAE ($82.4 million), and China ($81.3 million). Major imports were technical equipment ($92 million), tobacco products…
Shorouk Express BAKU, Azerbaijan, September 28. This evening, at 8:00 p.m. EDT, the United Nations reimposed sanctions and other restictions pursuant to six UN Security Council Resolutions – 1696, 1737, 1747, 1803, 1835, and 1929 – based on Iran’s continuing “significant non-performance” of its nuclear commitments, Trend reports. Their reactivation concludes the snapback process initiated…
Shorouk Express BAKU, Azerbaijan, September 24. A cooperation agreement on the construction of small modular reactor plants in Iran was signed in Moscow between the Atomic Energy Organization of Iran (AEOI) and the Russian Rosatom Company today, Trend reports via the AEOI. The agreement was signed by Iranian Vice President, Chairman of the AEOI Mohammad…
Shorouk Express BAKU, Azerbaijan, September 21. The Central Bank of Iran (CBI) has released the official exchange rates for foreign currencies as of September 21, Trend reports. According to the rates announced by the CBI, the value of 3 currencies went up, while 42 currencies dropped compared to September 20. The official rate for $1…
Shorouk Express Economy Materials 16 September 2025 03:36 (UTC +04:00) During the first seven months of 2025, Azerbaijan exported a total of 738 million kWh of electricity worth $42 million to Russia, Georgia, Iran, and Türkiye, while imports from Russia, Georgia, and Iran reached about 92 million kWh valued at $4 million. …
Shorouk Express Green Economy Materials 6 September 2025 11:45 (UTC +04:00) Iran is advancing the development of the Sohrab oil field in Khuzestan province with strict measures to protect the Hawizeh Marshes, including constructing 8 well pads and installing downhole pumps in 14 wells. Access to paid information is limited If…
Shorouk Express BAKU, Azerbaijan, August 20. Iran and Belarus came together in Minsk today to sign off on a series of cooperation documents, wrapping up their efforts with a joint declaration between the two countries, Trend reports via the official information portal of the Iranian president. The joint declaration was signed by Iranian President Masoud…
