January 14, 2019

Hydroelectric power plants’ capacity to hit 10,500 GWh by March 20

TEHRAN- Electricity generation capacity of the hydroelectric power plants in the country will reach 10,500 gigawatt hours (GWh) by the end of the current Iranian calendar year (March 20, 2019), the director of Iran’s Hydroelectric Power Plants Manageme...
January 14, 2019

India’s monthly oil imports from Iran up 9.4% in Dec.

TEHRAN- India imported 302,000 barrel per day (bpd) of oil from Iran in December 2018, an increase of 9.4 percent from November, ship tracking data reviewed by Reuters showed.
January 14, 2019

3rd round of offering oil at IRENEX on Jan. 21

TEHRAN-National Iranian Oil Company (NIOC) will offer one million barrels of light crude oil at Iran Energy Exchange (IRENEX) for the third time on January 21, IRNA reported on Monday.
January 13, 2019

Order registration period extended

TEHRAN- Iranian deputy industry minister informed of an agreement between his ministry and the Islamic Republic of Iran Customs Administration (IRICA) on extension of order registration period for importing goods from three months to six months, the po...
January 13, 2019

Investments in industrial sector doubled in 8 months

TEHRAN- According to the data released by the Iranian industry minister, during the first eight months of the present Iranian year (March 21- November 21, 2018), some 384.36 trillion rials (about $9.15 billion) of investments have been made in domestic...
January 13, 2019

Industrial, energy projects worth $436m inaugurated

TEHRAN - Iranian First Vice-President Es’haq Jahangiri inaugurated major industrial and energy projects worth 18.33 trillion rials (about $436.4 million) in Kashan County, central Iran, on Sunday, IRNA reported.
January 13, 2019

First platform of South Pars phases 22-24 starts operation

TEHRAN- The first platform of phases 22-24 of South Pars gas field starts operation, Farhad Izadjou, the operator of these phases, announced.
January 13, 2019

Iran has been and will remain a frontier in OPEC: Barkindo

TEHRAN - OPEC Secretary-General Mohammad Barkindo has stressed the important role of Iran as one the founders of OPEC saying that Iran will always be a frontier in the future of the organization.
January 13, 2019

Iran’s oil market facing the new sanctions era; what to expect

After an expected hiatus in Iran’s oil exports to some of the country’s main customers following the reimposition of the U.S. sanctions, once again the country’s old buyers are coming back to take advantage of the 180-day window which has been presente...
January 12, 2019

Tehran to host doors, windows exhibition in late Jan.

TEHRAN – The tenth edition of Iran’s Doors and Windows Technology International Exhibition (Do-WinTech 2019) is due to be held on January 23-26 in Tehran, IRIB reported.
January 12, 2019

India to continue shipping in Iranian oil

TEHRAN - India's Ministry of External Affairs announced that the country will continue importing Iranian oil using the U.S. granted waiver, Sputnik reported on Friday.
January 12, 2019

Iran’s daily gas output hits 800mcm: NIGC managing director

TEHRAN- In a press conference on Saturday, the managing director of National Iranian Gas Company (NIGC) announced that daily production of gas in the country has reached 800 million cubic meters (mcm).
January 12, 2019

Budget review committee to submit report on budget bill in a month

TEHRAN- Iranian parliament (Majlis)’s ad hoc budget review committee will submit its report on the administration’s proposed budget bill for the next Iranian calendar year (starting March 21, 2019) to the parliament within a month, IRIB reported on Sat...
January 12, 2019

Details of establishing intl. bourse in free zones announced

TEHRAN- Advisor to the head of Iran Securities and Exchange Organization (SEO) announced the details of the establishment of the international bourse in the country’s free zones, IRNA reported on Saturday.
January 12, 2019

Minerals, mining exports at $7.2b in 9 months

TEHRAN- The value of Iran’s minerals and mining exports stood at $7.2 billion during the first nine months of the current Iranian calendar year (March 21-December 22, 2018), showing a one-percent growth from the figure of the same period of time in the...
January 11, 2019

WB predicts 1.1% GDP growth for Iran in 2020, 2021

TEHRAN- The World Bank (WB) predicts a 1.1 percent growth of gross domestic product (GDP) for Iran in 2020 and 2021.
January 11, 2019

Tehran hosting 3 international expos

TEHRAN- The Iranian capital is simultaneously hosting three international exhibitions along with a domestic one from January 11 to 14 at the Tehran Permanente International Fairground, IRNA reported on Friday.
January 11, 2019

‘S. Korea expected to restart Iran’s oil imports in late Jan. or early Feb.’

TEHRAN- South Korea is expected to restart imports of Iranian crude oil in late January or early February, Reuters reported quoting the head of South Korea’s SK Innovation, which owns the country’s biggest oil refiner SK Energy, as saying on Wednesday....
January 11, 2019

Imports of milk powder permitted temporarily

TEHRAN- The Iranian agriculture minister announced that imports of milk powder is allowed temporarily for processing and re-exporting the product, Tasnim news agency reported on Friday.
January 11, 2019

Iran, Iraq stress expansion of energy ties

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh and his Iraqi counterpart Thamir Ghadhban met on Thursday to discuss expansion of bilateral ties in energy sector. Heading a high-ranking delegation, Zanganeh was welcomed by Ghadhban in Baghdad, Sha...