Economy of Iran

Greece to be the first EU country to buy crude oil from Iran since trade sanctions lifted

Hellenic Petroleum, Greece’s largest refinery, has struck a deal to buy oil from the National Iranian Oil Company in the first sale of Iranian crude oil to a European country since trade sanctions were lifted. The long-term agreement announced on Friday said that deliveries are to begin immediately.

Turkish exporters' high hopes for Iranian market

Turkish exports may rise between 8 and 10 percent with the end of sanctions on neighboring Iran following its nuclear deal with world powers, the head of the Turkish Exporters' Assembly (T?M) said on Jan. 20 in a press meeting.

Key sectors for Turkish companies in Iran are automotive, clothing, textiles, machinery, furniture and chemicals, said T?M President Mehmet Büyükek?i.

'Good political relations may effect economic cooperation,' Iranian envoy says

Iran's ambassador to Turkey, Ali Reza Bikdeli, has given his assessment on both the Iranian economy and the future of Turkey-Iran cooperation in the fields of economy, energy and trade after the removal of U.N.-led sanctions on the country, in an interview with the Hürriyet Daily News.