Over 2,000 foreigners to visit Iran Expo 2024

Iranian Industry, Mining, and Trade Minister has said over 2,000 traders and businesspersons from various countries are expected to visit the 6th International Export Potential Exhibition of the Islamic Republic of Iran, dubbed Iran Expo 2024,

“High-ranking officials of 70 countries have been invited to visit the sixth exhibition of Iran’s export capabilities -Iran Expo 2024,” Abbas Aliabadi said.

The exhibition will be inaugurated on April 27 and run through May 1, 2024, the minister said.

Noting that the first edition of the Iran Expo was held in 2013, Aliabadi predicted that more than 2,000 foreign traders and merchants from various countries would participate in the latest edition of the exhibition.

This exhibition will cover seven major groups of commodities including food industries, agriculture and fisheries, handwoven carpets, handicrafts and tourism, medicine, medical equipment and chemical products, building industry, technical and engineering services, and also the petrochemical group.

Promoting trade and economic relations with other countries, booming production, propelling the business environment of the private sector to the international arena, and creating a new trade and economic discourse with various countries have been cited as the main aims of holding the exhibition.

 

NATO losing proxy war against Russia

Lately the British media (Telegraph and Guardian) reported allegations that Russia was using chemical weapons against Ukrainian troops and, as if that was not bad enough, the Russian military was also endangering the biggest nuclear power plant in Europe.

Former CIA officer John Kiriakou discusses these reports and concludes that the incidents are false-flag operations orchestrated by Western sponsors of the Ukrainian regime. Kiriakou says it is the CIA that has a notorious track record of engaging in dirty tricks when its operations are going badly.

And, to be sure, the NATO proxy war in Ukraine against Russia is going very badly indeed. Russia has the military upper hand, while the NATO-backed Kiev regime is facing collapse.

A defeat for Washington and its NATO partners in Ukraine would be a political disaster for the Western powers. Hence they are getting desperate.

This explains the upsurge in Western media reports that Russia has started to use chemical weapons and that Russia is endangering the nuclear power plant at Zaporozhye, Europe’s largest civilian nuclear power station.

The latter insinuation by the Western media is particularly absurd. Russia took control of the Zaporozhye Nuclear Power Plant in March 2022.

It should be obvious that the NATO-backed regime is the perpetrator of nuclear terrorism yet the Western governments, media and the UN’s International Atomic Energy Agency all adopt a shameful ambiguity about the perpetrator. The Western sponsors are covering up for a nuclear terrorist regime in Kiev because the Western governments are fully complicit in the terrorism.

John Kiriakou points out that the same playbook was used in Syria. When the Syrian Arab Army was gaining the military upper hand against NATO-sponsored jihadi mercenaries trying to overthrow the Syrian government, the Western media then reported alleged chemical weapons attacks by the Syrian army.

That resulted in the United States, Britain, and France launching air strikes against Syria. It turned out that the chemical weapon attacks were false flags conducted by the CIA and MI6-trained proxies.

Now that the NATO powers are losing the war in Ukraine against Russia – a war that they have invested in on an unprecedented colossal scale – the reaction is to repeat the false flag playbook as a desperate way to create a chemical or radiological disaster to justify an escalation of the war, perhaps by direct NATO intervention.

It does not matter to the Western warmongering elite that the safety of the planet is being recklessly jeopardized.

The same Western warmongering ruling establishments have fomented world wars and countless other wars costing tens of millions of lives. Their criminal recklessness knows no bounds.

John Kiriakou was jailed by the US government for two years after he blew the whistle on the CIA’s torture program. He now works as an independent journalist and commentator and has gained worldwide respect for his integrity and truth-telling.

 

 

 

 

Iran-Russia Rasht Astara Railway

Tehran and Moscow are finalizing the draft of a contract for the implementation of the agreement to construct the Rasht-Astara Railway.

In a meeting held between Deputy Minister of Russian Railways Sergey Pavlov and Iran’s Ambassador to Russia Kazem Jalali, the two sides emphasized compiling the contract for the implementation of the agreement to construct the Rasht-Astara Railway.

During the meeting, the two sides explored avenues for the development of transportation within the framework of the International North-South Transport Corridor (INSTC).

In addition, the two sides examined the trend of bilateral cooperation regarding the construction of the Rasht-Astara Railway with the framework of the INSTC, according to the website of Iran's Ministry of Roads and Urban Development.

The Deputy Minister of Russian Railways acknowledged during the meeting that transporting containerized cargo from the eastern side of the INSTC registered a 400 percent growth through ‘Sarakhs’ and ‘Incheh boroun’ customs in the first quarter of the current year (January-March) compared to the same period last year.

Talks are ongoing between Tehran and Moscow to determine the tariff for transporting chemical fertilizer and coal from Russia to Iran, the United Arab Emirates and India, Pavlov added.

Iran and Russia, both under harsh Western sanctions, on May 17 inked an agreement on the long-stalled construction of a railway connecting the northern Iranian cities of Rasht and Astara.

Spanning 162 km, the railway is a crucial element of the INSTC. The corridor integrates road, rail, and sea transportation, facilitating the movement of goods between Russia and India via Iran.

Through a video conference, Iranian President Ebrahim Raisi and his Russian counterpart Vladimir Putin addressed the ceremony in Tehran where the two countries' transport ministers signed the agreement.

Raisi thanked Putin and the Russian government for their involvement in the initiative and referred to it as an "important strategic step" in bilateral cooperation that will benefit all countries involved in the INSTC. Putin, for his part, called the occasion a "landmark moment for the entire global transport infrastructure."

According to this agreement, the Russian Federation will invest 1.6 billion euros in this railway route.

Iran has been a key player in the INSTC and stands to benefit greatly from its full realization. As reported by Amwaj media, the Raisi government has seemingly banked significantly on transit becoming a top revenue generator. But Iran stands to gain from the project in more ways.

The operationalization of the corridor could mean improved relations between Iran and India, aligning New Delhi more closely with Tehran’s regional interests.

A vital element of the INSTC, the Rasht-Astara railway project has been stalled for years due to costs, engineering, and logistical complications.

Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei stressed the importance of completing the stretch of the railway in his July 2022 meeting with Putin in Tehran.

VTB's new office in Tehran is part of Iran and Russia's ongoing efforts to connect their banking systems.

The two countries signed an agreement on January 29 to link their inter-bank messaging systems.

Due to Western sanctions, both countries have been cut off from SWIFT—a leading Belgium-based financial messaging service.

Both Iran and Russia are looking to reap the potential economic benefits of increased transit amid Western sanctions.

The Raisi government seeks to mitigate the adverse effects of sanctions through de-dollarization of trade and the establishment of direct banking and payment channels outside the international banking system.

 

Middle East can't afford more conflicts

Saudi Foreign Minister Prince Faisal bin Farhan reaffirmed on Tuesday that the Middle East cannot afford further conflict, amid heightened tensions between Iran and Israel.

Addressing a joint press conference with his Pakistani counterpart Ishaq Dar in Islamabad on Tuesday during his official visit to Pakistan, leading a high-level delegation, Prince Faisal urged all parties to prioritize de-escalation.

Prince Faisal and Dar called for immediate ceasefire in the Gaza Strip. While regretting the failure of the international community to ensure ceasefire in Gaza, both leaders demanded its immediate enforcement, opening of a humanitarian corridor and averting of famine that was leading to a catastrophe.

Prince Faisal said that a ceasefire in the Gaza Strip, which has been besieged for months due to the Israeli war, has become a necessity.

He said international efforts aimed at achieving a ceasefire in Gaza have been wholly insufficient. He emphasized the need for intensified efforts to alleviate the suffering of Palestinians in Gaza and stressed the urgency of implementing an immediate ceasefire.

Prince Faisal called for an immediate end to the killings and sufferings of the people of Gaza. Palestinians were already living in an unstable region leading to a catastrophe in Gaza and ‘there is no need for further confrontation’, he said adding that ‘de-escalation should be everybody’s priority.

Prince Faisal said that so far more than 33,000 people had been killed in Gaza. “They are now facing a famine like situation and starving to death as the international humanitarian aid is not getting in. It is a complete failure of the international community,” he observed.

Terming the situation unacceptable, the Saudi minister said there was no justification to it. In reality, he said, the two United Nations resolutions regarding immediate ceasefire in Gaza had not seen implementation. Efforts were seen after six Western aid workers were killed but not when 33,000 Palestinians died which showed the double standards, he regretted.

On his part, Dar said Pakistan and Saudi Arabia shared the same feelings on Gaza, while calling upon the international community to help end the genocide.

“The world conscience must wake up and enforce an immediate and unconditional ceasefire to ensure unimpeded humanitarian aid. More Palestinians should not be killed due to starvation,” he said, and demanded for a global probe into the crimes committed against humanity in Gaza.

Prince Faisal and Dar reiterated the need to build up and convert the bilateral strong partnership into a strategic partnership and further promote economic cooperation for the mutual benefit of the two countries.

Prince Faisal termed his meetings with the Pakistani leadership very productive. He emphasized the importance of strategic partnership between the two countries and expressed commitment for strengthening of investment.

“The Saudi delegation was impressed with the proactive and business focused approach of the Pakistani side. There were significant investment opportunities in Pakistan, and termed their visit ‘very positive on their perspective’, which would lay the groundwork for future ventures.”

The Saudi minister also emphasized the need to tap the untapped potential in Pakistan. “We should continue to work closely for the economic progress and regional security with historic bilateral cooperation,” he added.

Saudi foreign minister leads high-level delegation to Pakistan

Saudi Arabia’s Foreign Minister Prince Faisal Bin Farhan arrived in Pakistan on Monday for a two-day official visit, aimed at bolstering economic ties and advancing mutual interests.

Leading a distinguished delegation, the foreign minister is joined by several key figures, including the Minister of Environment, Water and Agriculture, Eng. Abdulrahman Al-Fadhli; Minister of Industry and Mineral Resources, Bandar Al Khorayef; Advisor at the Royal Court Mohammed Al-Tuwaijri; and Assistant Minister of Investment, Eng. Ibrahim Al-Mubarak, among other senior officials from the Ministry of Energy, the Public Investment Fund, and the Saudi Fund for Development.

The delegation's visit follows a recent meeting between Crown Prince and Prime Minister Mohammed Bin Salman and Pakistani Prime Minister Shehbaz Sharif in Makkah, underscoring a commitment to expedite a previously discussed US$5 billion investment package.

Discussions during this visit will focus on enhancing bilateral cooperation across diverse sectors, including significant investments in Pakistan’s Reko Diq mining project, which involves one of the largest undeveloped reserves of copper and gold in the world.

The Saudi delegation is set to engage in comprehensive talks with Pakistani leaders, including the president, the prime minister, the foreign minister, and other key stakeholders.

These discussions are expected to cover a wide range of topics such as agriculture, trade, energy, minerals, IT, and transport.

Kuwait: Sheikh Ahmad to form government

Kuwait Emir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah assigned Monday Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah as prime minister.

Sheikh Mishal tasked the former oil minister with forming a new government, state media reported, after the latest parliamentary polls in the Gulf state.

The Emir, in an Emiri Order, assigned Sheikh Ahmad to form a government to submit the names of the ministers to be appointed.

The Emir instructed the prime minister to inform the National Assembly and stated that the order will take effect once published in the official gazette.

"Today an Emiri order was issued appointing Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah as prime minister and assigning him to nominate members of the new Cabinet," the Kuwait News Agency said.

The move comes just a few months into the reign of Sheikh Mishal and less than two weeks after Kuwait's third parliamentary vote in as many years saw the opposition maintain its majority.

The outgoing prime minister Sheikh Mohammad Sabah Al-Salem Al-Sabah refused to take up the position again amid ongoing tussle between the government and the 50-member National Assembly, according to AFP.

Sheikh Ahmad, the 71-year-old new prime minister, served as oil and information minister from 2009 to 2011 and has recently been head of the crown prince's court with a ministerial rank.

He earned a bachelor's degree in finance, banking and investment from the University of Illinois

Iranian oil output and price improve

The Organization of Petroleum Exporting Countries (OPEC) in its latest monthly report has said that Iran’s oil production volume increased by 28,000 barrels per day (bpd) to 3.188 million BPD in March 2024 and heavy oil price also increased by US$3.0 during this period.

The OPEC total crude oil production volume reached 26.604 million bpd in March 2024, showing a 3,000 bpd increase as compared to a month before.

According to this report, the price of each barrel of Iran’s heavy crude oil in March 2024 reached US$83.48 BPD.

The average oil price of OPEC in March 2024 reached US$84.22, showing an increase of US$2.99 BPD.

Back in January, a report released by the US Department of Energy stated that Iran has been the top OPEC member in terms of production increase in 2023, with an increase of 330,000 bpd.

The US Energy Information Administration (EIA) affiliated with the Department of Energy mentioned in its latest report that the total oil production of Iran was estimated at 2.87 million bpd at the end of 2023. Iran’s oil production was 2.54 million bpd in 2022.

The figures show that total OPEC oil production was 26.89 million bpd in 2023 which shows 630,000 barrels fall year on year. OPEC produced 27.52 million bpd in 2022.

This report has put Iran's oil production in the last month of last year at 3.17 million bpd. Iran was the third-largest OPEC producer after Saudi Arabia and Iraq in December 2023.

The 330,000-bpd increase in Iran’s 2023 oil production indicates that sanctions have been ineffective on Iran's oil industry.

Earlier in June 2023, Bloomberg reported that the production and export of Iranian oil in 2023 reached record highs since the country came under US sanctions more than five years ago.

The report published in late June 2023 stated that Iran was shipping the highest amount of crude in almost five years despite US sanctions.

Bloomberg cited energy analysts as saying that Iran’s oil exports have surged to the highest level since the US unilaterally re-imposed sanctions on the country in 2018.

A Reuters report, also said in June last year Iranian crude shipments continued to rise in 2023 with higher shipments to China, Syria, and Venezuela. The report quoted consultants, shipping data, and a source familiar with the matter.

A large chunk of Iran’s crude oil goes to China which is the world’s major importer of energy. Several European customers including Germany, Spain, and Bulgaria also imported oil from Iran.

Iran has not released official figures about its oil exports over the past years amid efforts to evade Washington’s sanctions.