September 8, 2018

Iran joins hand with Russia, Turkey to dump dollar in trade

TEHRAN – Iran has discussed trade in national currencies with Russia and Turkey in order to reduce the impact of U.S. dollar on the three countries’ trade and economies, ILNA reported on Saturday quoting Central bank of Iran (CBI) Governor Abdolnaser H...
September 8, 2018

Japan chamber of commerce prepared to expand trade ties with Iran

TEHRAN- Japan Chamber of Commerce and Industry (JCCI) is ready to develop economic and trade ties with Iran, according to its chairman, Akio Mimura.
September 8, 2018

U.S.-Iran trade sextuples in July

TEHRAN- While the U.S. imposed a new round of sanctions on Iran's trade in precious metals, transactions in U.S. dollar, as well as Iran's auto sector in August and oil exports sanctions are to arrive in the early November, the American Statistical Ass...
September 8, 2018

Iran an influential member of IMO: secretary general

TEHRAN- Iran is one of the most influential members of the International Maritime Organization(IMO) and is always supporting this organizations’ activities, IMO Secretary General Kitack Lim said on Saturday.
September 8, 2018

Plant to Supply Power for 12 Petchem Units

Phase I of Damavand Petrochemical Utility Plant, officially launched this week, generates 648 megawatts of power to be fed to 12 petrochemical facilities operating in Phase II of Asaluyeh Petrochemical Hub, southern Iran. Addressing a press conference on Monday, Mohammad Reza Samiei, managing director of the plant, said the complex is being built to provide […]
September 7, 2018

China’s Iranian crude imports seen to have peaked at 874,000 b/d in Aug.

China's crude imports from Iran are likely to have peaked in August at 874,000 b/d ahead of the looming re-imposition of U.S. sanctions in November, according to S&P Global Platts' trade tracker cFlow.
September 7, 2018

54 Iranian companies attending 60th Damascus Intl. Fair

TEHRAN- Some 54 well-known Iranian companies are taking part at the 60th Damascus International Fair, Iranian ambassador to Syria told IRNA.
September 7, 2018

IMO secretary general to arrive in Tehran today

TEHRAN- International Maritime Organization(IMO) Secretary General Kitack Lim will arrive in Tehran on Saturday to attend a ceremony to mark the 70th anniversary of the establishment of the organization, as announced by the head of Iran’s Ports and Mar...
September 7, 2018

Tehran hosting intl. poultry, livestock exhibition

TEHRAN- The 17th International Exhibition of Poultry, Livestock, Dairy, and Related Industries (IRANPLEX 2018) is being held in the Iranian capital from September 6 to 9, IRIB reported.
September 7, 2018

South Pars platform 14C installed on offshore spot

TEHRAN-Platform 14C of Iran’s South Pars gas field (in the Persian Gulf), which had been loaded at Sadra industrial yard in the southwestern province of Bushehr on September 1, was installed on its designated offshore spot on Wednesday, Shana reported.
September 7, 2018

68,000 production units active in Iran

TEHRAN- Iranian Deputy Industry Minister Mohsen Salehinia said that there are about 80,000 production units in the country, of which 68,000 units are active, IRNA reported.
September 7, 2018

Iran, India push for expanding bilateral co-op in ports, transport

TEHRAN – In a meeting on Thursday, Iranian Transport and Urban Development Minister Abbas Akhoundi and Indian Road Transport and Highways Minister Nitin Gadkari stressed the need for further expansion of mutual cooperation.
September 7, 2018

Iran to Launch Major Urea, Ammonia Project

Iran is to launch Phase III of Pardis Petrochemical Plant which accounts for 65 percent of the country’s ammonia and urea exports. According to the plant’s managing director Hossein Shahryari who was addressing a press conference on Monday, Pardis Petrochemical Complex is the largest supplier of ammonia and urea in Iran and the Middle East […]
September 7, 2018

Iran Commissions its Largest Wind Farm

By John Lee. Iran has reportedly commissioned its  largest ever wind farm. According to Energy Digital, the Sihapoush wind farm, in Qavzin province, is set to have a capacity of 61.2MW and comprise 18 Siemens Gamesa SWT-3.4-108 turbines. It has been fully commissioned by Arian Mah Baad, with EPC being done by local Iranian company […]
September 6, 2018

NISOC signs Major Gas Deals with PGPIC, Maroon Petchem

The National Iranian South Oil Company (NISOC) signed two contracts, totally valued at $1.2 billion, with the Persian Gulf Petrochemical Industries Company (PGPIC) and Maroon Petrochemical Company for gathering associated gases in East Karoon area. The deals was signed on the sidelines of inauguration of some petrochemical projects in Asaluyeh, southern Iran, on Tuesday. The […]
September 6, 2018

Iran Develops Technology to Make Refinery Catalysts

An Iranian petrochemical company achieved the technical know-how to make special catalysts used for gasoline production, making Iran the world’s second producer of such advanced component and helping it earn as much as $60 billion a year in export revenue. According to Jaleel Sobhani, CEO of Iran’s ‘Supplying Petrochemical Industries Part Equipment and Chemical Engineering’ […]
September 5, 2018

Iran to set up pavilion in Energy Expo Minsk 2018

TEHRAN- Iran will set up a pavilion in an energy exhibition which will be held in Minsk, the capital city of Belarus, from October 9 to 12, 2018.
September 5, 2018

TPO to dispatch trade delegation to Oman in early Oct.

TEHRAN- Trade Promotion Organization (TPO) of Iran plans to dispatch a trade delegation to Omani capital Muscat from October 7 to 11, TPO website published.
September 5, 2018

Petrochemical industry, a pillar for Iran’s resilient economy

Inaugurating three major petrochemical projects in Assaluyeh petrochemical zone in southwestern Iran was the headline of almost all Iranian energy related and economic news agencies across the country on Monday.
September 5, 2018

‘Govt. ready to brief MPs about new economic strategies’

TEHRAN- “Government has prepared five new packages and 12 programs to tackle the current economic conditions and is ready to brief the parliament members about them,” government spokesman Mohammad-Baqer Nobakht announced addressing the parliament on We...