December 8, 2018

Representatives from 5 Caspian Sea states to meet in Tehran on Monday

TEHRAN- Representatives from five Caspian Sea littoral states are to attend the 4th meeting of Collaboration on Maritime Safety and Security in the Caspian Sea in Tehran on December 10-11, IRNA reported on Saturday.
December 8, 2018

‘Strengthening rial, supplying working capital top priorities of banks’

TEHRAN- In his periodical meeting with directors from state-run and private Iranian banks, the governor of the Central Bank of Iran (CBI) called for the banks to have strengthening the national currency and supplying the working capital of production u...
December 8, 2018

Over 208m tons of commodities worth $214m traded in IME in a week

TEHRAN- During weekdays ending up to December 6, approximately, 208,424 million tons (MT) of commodities worth over $214 million were traded in Iran Mercantile Exchange (IME).
December 8, 2018

1,370 industrial units resume activity since March

TEHRAN- Some 1,370 industrial units that had stopped their activity have resumed their operation since the beginning of current Iranian calendar year (March 21, 2018), Iran’s Industry Minister Reza Rahmani announced.
December 8, 2018

NIMA supplies €6.8b for imports of goods, services

TEHRAN- Since becoming online in early July, Iran’s domestic Forex Management Integrated System (locally known as NIMA) has earned €6.8 billion of foreign currency to be consumed for imports of goods and services into the country, IRIB reported on Satu...
December 8, 2018

Oil’s love triangle ends up with Trump in tears

These days whenever there is talks about oil market three names are inevitably come to surface, the U.S. President Trumps, Russian President Putin and Saudi Crown Prince Mohammed Bin Salman.
December 7, 2018

India to import Iranian oil using rupee payment mechanism: source

India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuters on Thursday, adding that 50 percent of those payments will be used for exporting items to Tehran.
December 7, 2018

Iraq needs 2 years to stop Iranian gas imports: energy official

Iraq needs at least two years to boost the country’s gas production to stop importing Iranian gas used to feed its power stations, a senior Iraqi energy official said on Thursday.
December 7, 2018

OPEC agrees on larger-than-expected oil cut after marathon talks

OPEC finally broke an impasse over production curbs, agreeing on a larger-than-expected cut with allies after two days of fractious negotiations in Vienna.
December 7, 2018

China’s Iran oil imports to rebound in December as buyers use U.S. waivers

China’s Iranian oil imports are set to rebound in December after two state-owned refiners in the world’s largest oil importer began using the nation’s waiver from U.S. sanctions on Iran, according to industry sources and data on Refinitiv Eikon.
December 7, 2018

PMO starts 3 investment projects worth $40.4m in Chabahar

TEHRAN- Iran’s Ports and Maritime Organization (PMO) launched three investment projects worth 1.7 trillion rials (about $40.4 million) in Chabahar port city in southeast of the country on Thursday, IRNA reported.
December 7, 2018

Petchem exports up 32% in 8 months on year

TEHRAN- Iran’s value of petrochemical exports during the first eight months of the current Iranian calendar year (March 21-November 21) rose 32 percent compared to the same period of time in the past year, Tasnim news agency reported citing the data re...
December 7, 2018

Iran, Oman launch 4th direct shipping route

TEHRAN –Iran and Oman launched their fourth direct shipping route to connect Iran’s port city of Jask to the Omani port of Al Suwaiq, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Wednesday citing Iran-O...
December 7, 2018

Next year’s budget bill unveiled

TEHRAN- Head of Iran’s Budget and Planning Organization Mohammad Baqer Nobakht and one of his deputies Hamid Poormohammadi unveiled the budget bill for the next Iranian calendar year (starts on March 21, 2019) in a press conference on Thursday.
December 7, 2018

OPEC agrees on larger-than-expected oil cut

OPEC finally broke an impasse over production curbs, agreeing on a larger-than-expected cut with allies after two days of fractious negotiations in Vienna.
December 7, 2018

Iran at the crossroad of 1398 budget

TEHRAN - A journalist called me the other day and requested my opinion with regard to the next Iranian year 1398 budget that it seems the government considers oil prices will be higher than 50 dollars per barrel. I, in turn, asked a Senior Research Fel...
December 5, 2018

‘Iran able to help S. Africa tackle energy challenges’

TEHRAN- In a meeting with head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), South Africa’s ambassador to Iran announced that regarding the two sides’ trade ties, Iran can assist his country in overcoming its current energy c...
December 5, 2018

Zanganeh leaves Tehran for Vienna to participate in OPEC meeting

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh left Tehran for Vienna on Wednesday afternoon to take part in the 175th Ordinary Meeting of the Organization of the Petroleum Exporting Countries (OPEC), Shana news agency reported.
December 5, 2018

Iran at the crossroad of 1398 budget

TEHRAN - A journalist called me the other day and requested my opinion with regard to the next Iranian year 1398 budget that it seems the government considers oil prices will be higher than 50 dollars per barrel. I, in turn, asked a Senior Research Fel...
December 5, 2018

Isfahan hosting intl. industry, tools, equipment expo

TEHRAN - Iranian city of Isfahan is hosting the 13th International Exhibition of Industry, Tools, and Industrial Cleaning Equipment (ISIEF 2018) during December 4-7 at Isfahan International Exhibition Center, IRNA reported.