December 25, 2018

Iran’s petrochemical plants fully operational during cold season

TEHRAN – With South Pars gas field’s new phases going operational, the required feedstock for all the country’s petrochemical plants will be supplied during the cold season and none of them will stop production, Shana reported quoting an official with ...
December 25, 2018

NIDC completes digging operation of 105 oil, gas wells in 9 months

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 105 oil and gas wells during the first nine months of current Iranian calendar year (March 21-December 21), according to an official with the NIDC.
December 25, 2018

‘Banks’ monthly overdrawn from CBI reduced’

TEHRAN- The governor of the Central Bank of Iran (CBI) announced that Iranian banks’ overdrawn from the CBI financial resources has been decreased in the ninth month of the present Iranian calendar year Azar (November 22- December 21, 2018) in comparis...
December 25, 2018

Rouhani submits $405b budget bill to Majlis

TEHRAN –President Hassan Rouhani presented the administration’s draft of the national budget bill for the next Iranian calendar year 1398, which starts on March 21, 2019, to the Majlis on Tuesday, ISNA reported.
December 24, 2018

3 Iranian plans nominated for WSIS-2019 prize

TEHRAN – Three plans from Iran has been nominated for the World Summit on the Information Society (WSIS) 2019 prizes, IRIB reported on Monday.
December 24, 2018

Near $34m worth of guarantees issued for small industries in 9 months

TEHRAN- Iran’s Small Industries Investment Guarantee Fund announced that guarantees worth 1.426 trillion rials (about $33.9 million) have been issued for the small industries during the first nine months of the current Iranian calendar year (March 21-D...
December 24, 2018

India to officially start operating Shahid Beheshti Port in Chabahar

TEHRAN – Opening an office in Iran on Monday, India Ports Global Limited (IPGL) has officially taken over the operations at phase 1 of Shahid Beheshti Port in Iran’s southeastern port city of Chabahar, IRNA reported quoting director of Iran’s Ports and...
December 24, 2018

External debt down 10.7%

TEHRAN- According to the newest data released by the Central Bank of Iran (CBI), Iran’s debts to foreign lenders in the end of the seventh Iranian month of Mehr (October 22) stood at $10.093 billion, showing 10.7 percent decrease in comparison with the...
December 23, 2018

Real estate deals down 63% in a month

TEHRAN- The number of real estate deals fell 63 percent in the past Iranian calendar month of Azar (November 22-December 21), Tasnim news agency reported on Sunday citing the data released by Roads and Urban Development Ministry.
December 23, 2018

$14b of foreign currency paid for imports of basic goods since March

TEHRAN- The Iranian Industry Minister Reza Rahmani announced that since the beginning of the present Iranian calendar year (March 21, 2018) the government has paid $14 billion of foreign currency at official exchange rate to imports of basic goods.
December 23, 2018

Budget bill sees $5.71b less oil revenues

TEHRAN- The predicted income from sales of crude oil and oil byproducts in the upcoming Iranian year 1398 (starting March 21, 2019) has decreased about 240 trillion rials (about $5.71 billion) in the modified budget bill, from its previous 1.73 quadril...
December 23, 2018

Inflation rate at 18%

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on December 21, which marks the end of the ninth Iranian calendar month of Azar, stood at 18 percent, Tasnim news agency reported on Sunday.
December 23, 2018

South Pars phase 13 last train of refinery comes on stream

TEHRAN- The last train of sweetening refinery of Iran’s South Pars gas field’s phase 13 of development was put into operation, Payam Motamed, the operator of this phase, announced.
December 23, 2018

Iran plans to create new petrochemical hub on Persian Gulf shores

TEHRAN – Iran plans to establish a new petrochemical complex in Hormozgan Province adjacent to Persian Gulf waters, IRNA reported quoting a petrochemical official.
December 22, 2018

Iranian industry min. calls for more economic ties with Turkey

TEHRAN- Iranian Industry Minister Reza Rahmani, who accompanied President Hassan Rouhani in his trip to Turkeys, called for expansion of economic cooperation between Tehran and Ankara during his meetings with the Turkish president, his Turkish counterp...
December 22, 2018

Over 269m tons of commodities worth $285m traded in IME in a week

TEHRAN- During weekdays ending up to December 20, approximately 269,869 million tons (MT) of commodities worth over $285 million were traded on Iran Mercantile Exchange (IME).
December 22, 2018

Next year’s budget bill to be submitted to parliament in 10 days

TEHRAN- The Head of Budget and Planning Organization Mohammad Baqer Nobakht announced on Saturday that the budget bill for the next Iranian calendar year 1398 (starting on March 21, 2019) will be submitted to the parliament on December 30, 2018 or Janu...
December 22, 2018

‘South Pars development phases to be complete by March 2020’

TEHRAN- All development phases of Iran’s South Pars gas field, except for phase 11, will be completed by the end of the next Iranian calendar year (March 20, 2020), Mohammad Meshkinfam, the managing director of Pars Oil and Gas Company (POGC), announce...
December 22, 2018

PMO sign deals, MOUs worth $428m with private sector on ports development

TEHRAN- Iran’s Ports and Maritime Organization (PMO) signed 19 deals and memorandums of understanding (MOUs) worth 18 trillion rials (about $428.5 million) with the country’s private sector on investment making in Iranian commercial ports.
December 22, 2018

Iran ready to meet Turkey’s long-term energy needs

TEHRAN- “Iran is capable of supplying energy to Turkey in the long run,” Iranian President Hassan Rouhani announced in his visit to Turkey on Thursday evening adding that his country will convert U.S.-led sanctions into an opportunity for reinforcing e...