December 16, 2018

Number of electricity consumers exceeds 35m

TEHRAN – The number of electricity consumers connected to Iran’s power network has increased by 633,000 in the first seven months of the current Iranian calendar year (March 22 - October 22) to exceed 35 million, IRIB reported on Sunday.
December 16, 2018

Tehran hosting IRAN TRANS EXPO 2018

TEHRAN- The 3rd edition of Iran’s Logistics, Transportation, and Related Industries Exhibition (IRAN TRANS EXPO 2018) kicked off on Sunday at Tehran’s Imam Khomeini Mosalla, the portal of Transport and Urban Development Ministry reported.
December 16, 2018

TSE launches futures contract as an instrument for more risk management

TEHRAN- In a ceremony on Sunday, Tehran Stock Exchange (TSE) officially launched futures contract, a new financial instrument in Iran’s capital market.
December 16, 2018

TSE launches futures contract as an instrument for more market balance

TEHRAN- In a ceremony on Sunday, Tehran Stock Exchange (TSE) officially launched futures contract, a new financial instrument in Iran’s capital market.
December 16, 2018

Forex market to stabilize: fin. min.

TEHRAN- Iranian Finance Minister Farhad Dejpasand announced that domestic foreign currency exchange market is moving toward balance, real rates and stability, IRIB news reported on Sunday.
December 16, 2018

OPEC has shown it can reach deal despite splits: Zanganeh

Iranian Oil Minister Bijan Zanganeh praised OPEC on Saturday for what he said was the producer group’s ability to reach agreement despite intense internal political differences.
December 15, 2018

New IMIDRO head appointed

TEHRAN- Khodadad Gharibpour is appointed as the new deputy industry minister and the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO), IRIB reported.
December 15, 2018

Japanese refiners will resume Iran crude purchases next month

Japanese refiners will start buying Iranian crude oil in January, but will only continue buying until March to make sure they don’t get on the bad side of Washington in case the 180-day sanction waivers are not extended, S&P Global Platts reports, citi...
December 15, 2018

Monthly car output stands at 57,627

TEHRAN- Iranian carmakers manufactured 57,627 vehicles in the eight Iranian calendar month, Aban (October 23-November 21), ISNA reported on Saturday.
December 15, 2018

Over 313m tons of commodities worth $309m traded in IME in a week

TEHRAN- During weekdays ending up to December 13, while, 313,311 million tons (MT) of commodities worth over $309.5 million were traded on Iran Mercantile Exchange, the trading volume and value experienced a growth of 50 and 35 percent, respectively.
December 15, 2018

South Pars daily gas production to reach over 630 mcm by March 2019

TEHRAN- The daily production of gas in Iran’s South Pars gas field will reach over 630 million cubic meters (mcm) by the end of current Iranian calendar year (March 20, 2019), the managing director of Pars Oil and Gas Company (POGC), which is in charge...
December 14, 2018

25 airport development projects under study

TEHRAN- Iran has currently 25 airport development projects under study and 45 ones under implementation throughout the country, Gholam-Hossein Baqerian, a board member of Airports and Air Navigation Company of Iran, told IRNA on Friday.
December 14, 2018

Tehran hosting intl. printing, packing expo

TEHRAN – The 25th international exhibition of printing, packing and related machinery kicked off on Thursday at the Tehran Permanent International Fairground.
December 14, 2018

Sanctions an opportunity to enhance non-oil exports

TEHRAN- Under the condition when the U.S. unilateral sanctions on Iran’s economy has reduced the country’s main source of income i.e. crude oil exports, Iran can turn the sanctions into an opportunity to enhance its non-oil exports as a reliable source...
December 14, 2018

Chabahar port, Iran’s wining card in trade with South Asia, CIS

CHABAHAR- In southeastern Iran, on the Gulf of Oman, there is a port city called Chabahar which is the home for Iran's only oceanic port. Due to its strategic geographical positioning, Chabahar port holds a great significance for Iran both politically ...
December 14, 2018

Iran to deal with CNPC according to contract rights: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said CNPC’s leaving South Pars deal would be a violation of the contract and Iran will act accordingly, IRNA reported.
December 13, 2018

Pistachio production hits 180,000 tons

TEHRAN- Production of pistachio in Iran has reached 180,000 tons since the beginning of current Iranian calendar year (March 21, 2018), according to a director in the Ministry of Agriculture.
December 13, 2018

Iran’s electricity industry needs over $142b to tackle rising demand

TEHRAN – The managing director of Iran’s Power Generation and Distribution Company (known as TAVANIR) said Iran’s power industry needs six quadrillion rials (near $142.8 billion) to keep the country’s electricity infrastructure up with the rising deman...
December 13, 2018

‘Iraq seeking exemption from U.S. sanctions to continue Iran’s gas imports’

TEHRAN- Iraq will send a delegation to the United States seeking an exemption from sanctions against Iran that would allow it to keep importing Iranian gas, Reuters reported quoting Iraqi Prime Minister Adel Abdul Mahdi as saying on Tuesday.
December 13, 2018

Textile exports rise 28% since March

TEHRAN- Exports of textile has witnessed 28 percent increase since the beginning of the present Iranian calendar year (Mach 21, 2018) in comparison with the same time in the preceding year, IRNA quoted an official from Iranian Industry Ministry on Wedn...