December 15, 2019

Iranian bank to fund NIORDC’s project for manufacturing dual-fuel cars

TEHRAN – Iran’s Mellat Bank has signed a memorandum of understanding (MOU) with the National Iranian Oil Refining and Distribution Company (NIORDC) to fund manufacturing dual-fuel vehicles for the country’s public transportation fleet, IRNA reported....
December 14, 2019

NISOC presents list of 7,500 products required to be domestically manufactured

TEHRAN – National Iranian South Oil Company (NISOC) has released a list of 7500 equipment items needed in the country’s oil industry, to be manufactured by domestic producers, Shana reported.
December 14, 2019

Zahedan-Chabahar railway to be completed by Mar. 2021

TEHRAN- The railroad which is to connect Zahedan, the capital city of Iran’s southeastern province of Sistan-Baluchestan, to Chabahar, a strategic port city in the province, will be completed by the end of the next Iranian calendar year (March 2021), t...
December 14, 2019

Istanbul hosts Iran-Turkey business forum

TEHRAN – Turkey’s Foreign Economic Relations Board (locally known as DEIK) hosted an Iran-Turkey business forum in which the two sides discussed issues pertaining to bilateral trade.
December 14, 2019

Small-scale petchem plants, huge potentials for a brighter future

TEHRAN – Having the world's second largest gas reserves, Iran has a great potential for expansion of its petrochemical industry which is playing a great role in the country’s economy.
December 14, 2019

Preferential trade with Eurasia exceeds $194m in a month

TEHRAN - Head of Islamic Republic of Iran Customs Administration (IRICA) says the value of Iran’s preferential trade with Eurasian countries has reached $194.2 million since the trade agreement with the Eurasian Economic Union (EAEU) was implemented on...
December 14, 2019

Worth of trades at IME hits $785m in a week

TEHRAN- During weekdays ended on December 12, approximately 633,059 tons of commodities worth over $785 million were traded at Iran Mercantile Exchange (IME).
December 14, 2019

Int. transportation exhibition to kick off in Tehran tomorrow

TEHRAN- The fourth edition of Iran’s International Exhibition of Transportation, Logistics and Related Industries will kick off at Tehran's Imam Khomeini Grand Prayer Campus (Mosalla) on Sunday, IRIB reported.
December 13, 2019

Iran’s 8-month steel ingot production up 5% yr/yr

TEHRAN – The output of Iran’s major steel ingot producers reached 17.424 million tons in the first eight months of the current Iranian calendar year (March 21-November 22), indicating a five percent increase compared to last year’s same period.
December 13, 2019

Russian contractor starts work at power plant south of Iran

TEHRAN- Iranian officials say a Russian contractor is taking over at a major power plant south of the country which is expected to be built through finances provided by Moscow.
December 13, 2019

Caspian Sea oil exploration operations underway

Tehran – Managing Director of Khazar Exploration and Production Company (KEPCO), a subsidiary of National Iranian Oil Company which handles exploration operation in the Caspian Sea region in Northern Iran, said exploration operations are underway in th...
December 13, 2019

‘17 foreign countries eager for investment in Chabahar Port’

TEHRAN - The Director General of Ports and Maritime Department of Sistan-Baluchestan Province said 17 countries have expressed willingness for contribution to development of Chabahar Port in southeastern Iran, Tasnim news agency reported.
December 13, 2019

IFX hits record high of 4,392 points

TEHRAN- IFX, the main index of Iran's over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), hit a record high of 4,392 points in the past Iranian calendar week (ended on Friday), IRNA reported.
December 13, 2019

Iran, Uzbekistan stress all-out expansion of economic ties

TEHRAN – Iran, and Uzbekistan emphasized the expansion of relations in all economic areas during the two countries’ 13th Joint Economic Committee meeting in Tashkent on Thursday, the Iranian Industry Ministry’s news portal Shata reported.
December 13, 2019

Iran, Uzbekistan stress expansion of all-out economic ties

TEHRAN – Iran, and Uzbekistan emphasized the expansion of relations in all economic areas during the two countries’ 13th Joint Economic Committee meeting in Tashkent on Thursday, the Iranian Industry Ministry’s news portal Shata reported.
December 13, 2019

NIOC inks exploration research deals with 2 universities

TEHRAN - National Iranian Oil Company (NIOC)’s Exploration Directorate signed deals with two major universities for geological studies of the potential oil reserves in the west and northwestern Iran (Azarbaijan Province), Shana reported.
December 11, 2019

CBI governor meets with Iranian bankers

TEHRAN – The Governor of the Central Bank of Iran (CBI) held talks with the managing directors of the country’s banks in a CBI’s periodic meeting, IRIB reported on Tuesday, citing CBI public relations office.
December 11, 2019

‘No need for red meat imports this year’

TEHRAN – Managing Director of Iran’s Central Union of Animal Farmers says there is no need for imports of red meat this year (ends on March 19, 2020), due to surplus production, IRNA reported on Wednesday.
December 11, 2019

Chabahar-Muscat ferry line to resume operation

TEHRAN – A direct ferry line between Iran’s Chabahar port and Oman capital is planned to resume operation within a month, IRNA reported on Wednesday, quoting a deputy with the Ports and Maritime Department of Sistan-Baluchestan Province (where Chabahar...
December 11, 2019

3000MW to be added to Iran’s power generation capacity by March 2020

TEHRAN – Iranian Energy Minister Reza Ardakanian says the country’s power generation capacity is going to be increased by 3000 megawatts (MW) by the end of the current calendar year (March 19, 2020).