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Iran Business Related News
Cabinet approves €2b finance for 4 power plant, railway projects
TEHRAN – Iranian cabinet approved €2b finance proposed by Planning and Budget Organization (PBO) for implementation of four power plant and railway projects, IRNA reported.
Energy minister to visit Moscow for pursuing Russia’s $5b loan to Iran
TEHRAN- Iranian Energy Minister Reza Ardakanian said that he will leave Tehran for Moscow on Thursday to follow up the issue of Russia’s allocation of $5 billion of loan for implementation of development projects in Iran.
‘Lack of roadmap, main problem for Iranian producers’
TEHRAN – Head of Iranian Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) believes lack of a comprehensive roadmap and planning to be the main problem of the country’s productive sector, IRNA reported.
Leader urges domestic producers not to wait for sanctions to end
TEHRAN – Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei called on the country’s producers to solely rely on their own capabilities to boost the country’s economy and not to wait for U.S. sanctions to end.
3 platforms of South Pars to be installed by Mar. 2020
TEHRAN- Three platforms of South Pars gas field (Iran shares with Qatar in the Persian Gulf) are planned to be installed at their designated offshore places by the end of current Iranian calendar year (March 19, 2020), Shana reported.
Next year’s budget bill envisages nearly $23b for Tehran Province
TEHRAN- The governor general of Tehran Province said the budget bill for the next Iranian calendar year (starts on March 20, 2020) has envisaged 9.62 trillion rials (about $22.9 billion) for Tehran Province, IRNA reported.
Drinking water to be supplied to 1,124 villages by Mar. 2020
TEHRAN – Iranian Energy Minister Reza Ardakanian announced that drinking water will be supplied to 1,124 villages throughout the country by the end of current Iranian calendar year (March 20, 2020), IRNA reported.