April 21, 2019

SPGC to boost annual gas output by 7 bcm

TEHRAN- South Pars Gas Complex (SPGC) plans to increase production of gas by seven billion cubic meters (bcm) in the current Iranian calendar year (which began on March 21, 2019), the managing director of company announced.
April 21, 2019

Trump’s dilemma with Iran: to extend waivers or not!

These days one of the major factors which is affecting the oil market is the U.S. President Donald Trump’s actions and their consequences. The imposition of sanctions on Venezuela, reimposition of sanctions on Iran, comments on Libya, the impact on Sa...
April 21, 2019

Iran, Bulgaria discuss expansion of trade ties

TEHRAN- Iran and Bulgaria explored the ways to expand trade relations during the visit of an Iranian trade delegation to Sofia, the news portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) published on Saturday.
April 21, 2019

Tehran, Baku to strengthen industrial relations

TEHRAN- During the trip of Iranian Industry, Mining and Trade Minister Reza Rahmani to Azerbaijan, the two sides agreed to expand bilateral industry relations, IRNA reported.
April 21, 2019

Japan is talking to U.S. to keep its Iranian oil supply steady: minister

TEHRAN - Japanese Minister of Economy, Trade, and Industry said his country is trying to convince U.S. to keep buying Iranian oil in order to maintain its energy supplies.
April 18, 2019

Korean SMEs “Go Bankrupt” Due to Sanctions on Iran

The chairman of Iran-South Korea Joint Chamber of Commerce said following last year’s move by the US to renew sanctions against the Islamic Republic, some Korean companies went bankrupt. Speaking to Tasnim, Hossein Tanhayee pointed to the 70 percent fall in bilateral trade between Iran and South Korea after the re-imposition of the US sanctions […]
April 17, 2019

Over $1.6b to be allocated for flood compensation

TEHRAN - Head of Iran's Planning and Budget Organization Mohammad Baqer Nobakht announced on Wednesday that at least 70 trillion rials (about $1.66 billion) is going to be allocated for compensating losses incurred to those who have been affected by re...
April 17, 2019

Cutting overhaul period in SP refineries raises output by 7.4 bcm

TEHRAN – The output of South Pars gas refineries (in Southern Iran) is going to increase by over seven billion cubic meters (bcm) by cutting their overhauling period, Shana reported quoting the managing director of South Pars Gas Company (SPGC).
April 17, 2019

Netherlands stresses expansion of agriculture co-op with Iran

TEHRAN- Netherlands Ambassador to Iran Jacques Werner stressed expansion of cooperation with Iran in the field of agriculture, ILNA reported on Wednesday.
April 17, 2019

Possible Iraq-Iran-Syria Rail Line

By John Lee. Iraq, Iran and Syria are reportedly planning to build a railway connecting the three countries. According to media reports, Salib al-Hussaini, the head of the Iraqi Railway Company, has announced a tripartite summit to discuss the project....
April 16, 2019

NIOC in talks with Chinese company for South Pars phase 11 project: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said National Iranian Oil Company (NIOC) is in talks with a Chinese company for completing the South Pars phase 11 project, Mehr news agency reported.
April 16, 2019

Iran to award 5 oil projects to domestic firms in near future

TEHRAN – National Iranian Oil Company (NIOC) is planning to award five oil exploration and development projects to domestic companies, ISNA reported quoting an official with NIOC.
April 16, 2019

Annual copper concentrate output beats forecast

TEHRAN- Production of copper concentrate in Iran during the past Iranian calendar year (ended on March 20, 2019), was five percent more than the planned figure, IRIB reported citing the data released by Iranian Mines and Mining Industries Development a...
April 16, 2019

Iran takes part in Iraq Agrofood Trade Show 2019

The Islamic Republic of Iran is participating at Iraq Agrofood & Plastprintpack Exhibition 2019 with as many as 40 companies.
April 16, 2019

Water resources management discussed between Iran, EU

TEHRAN- In a meeting between the officials of Iranian Energy Ministry and a delegation of Water Sector of European Commission, the two sides discussed the ways for cooperation in water management resources.
April 16, 2019

Iran, Iraq to Set Up 5 Joint Industrial Parks

The Iranian president’s chief of staff said Tehran and Baghdad have agreed to establish five joint industrial parks, including one in Iran’s border province of Kurdistan. Speaking at a meeting on economic development of Kurdistan in the city of Sanandaj on Saturday, Mahmoud Vaezi said Iran and Iraq have devised plans to set up five […]
April 15, 2019

Heavy rainfalls boost Iranian hydropower output by 5GW

TEHRAN – Recent heavy rainfalls in Iran has increased the electricity output of the country’s hydropower plants by up to 5,000 megawatts, IRNA reported on Monday quoting an official with Iran’s Power Generation and Distribution Company (known as TAVANI...
April 15, 2019

‘Over $85b of working capital required to stay productive’

TEHRAN - Iranian industry, mining and trade minister said the country needs 3.6 quadrillion rials (about $85.714 billion) of working capital in order to sustain the domestic production.
April 15, 2019

Iran appointed board member of WFC

TEHRAN- Central Securities Depository of Iran (CSDI) has been appointed as a board member of the World Forum of Central Securities Depositories (WFC), the company’s official website published.
April 15, 2019

Natural disasters insurance fund to be established: CBI governor

TEHRAN- Central Bank of Iran (CBI) Governor Abdolnaser Hemmati announced that a natural disaster insurance fund will be set up in the country, IRIB reported.