The removal of international sanctions on Iran in the aftermath of the implementation of Iran’s 2015 nuclear deal with six world powers, dubbed the Joint Comprehensive Plan of Action (JCPOA), once more tempted international companies and foreign investors to step into Iran which sits atop huge oil, gas and petrochemical deposits.
Statistics released by the Russian customs office indicate that Iran's exports to Russia increased 30 percent in 2017, compared to the figure for 2016, said Iran's commercial attaché to Russia on Wednesday.
Iran exported 20 million tons of petrochemical products worth $10.4 billion during March 21, 2017-February 19, 2018, which indicates growth of 108 percent and 130 percent in weight and value, respectively, compared to figures for the same period a year ago.
Chinese exports of steel products may continue to fall this year due to strong domestic demand and reductions in capacity due to environmental commitments, the chairman of state-owned mill Fujian Sangang Group Co Ltd said.
Exports of fine gold from Rssia increased 2,5 times to 56,6 tons (1,82 million oz) last year, compared to 22,4 tons in 2016, according to the Russian State Assaying Chamber under the Ministry of Finance.