August 7, 2018

Gasoline output rises 50% in 4.5 months yr/yr

TEHRAN- Gasoline production in Iran has risen 50 percent since the beginning of current Iranian calendar year (March 21) compared to the same period of time in the previous year, according to the managing director of National Iranian Oil Products Distr...
August 7, 2018

Over $442m of state-owned shares divested in 4.5 months

TEHRAN- Iranian Privatization Organization (IPO) has offered 19.473 trillion rials (about $442.5 million) of state-run shares to the private sector since the beginning of the present Iranian calendar year 1397 (March 21), IRIB reported on Monday.
August 7, 2018

Intl. metallurgy expo running in Isfahan

TEHRAN – The 10th International Exhibition of Steel, Metallurgy, Foundry, Machinery and Related Industries of Iran (Metalex Isafahan 2018) kicked off at Isfahan International Exhibitions Center in the central city of Isfahan on Monday.
August 7, 2018

Tehran hosting 900 companies in intl. building expo

TEHRAN- Hosting 900 Iranian and foreign companies, the 18th edition of Iran’s International Exhibition of Building and Construction Industry (Iran Confair 2018) kicked off in Tehran on Monday.
August 7, 2018

Caspian States start Neighbourhood Watch for the Environment

Caspian littoral states agree to start neighbourhood watch for the environment Littoral countries to the Caspian Sea have made a groundbreaking commitment to evaluate the likely impact that development projects will have on the environment in each other’s states. High-level representatives from Azerbaijan, Iran, Kazakhstan, the Russian Federation and Turkmenistan today signed the Environment Impact […]
August 6, 2018

Details of currency rules unveiled

TEHRAN – The Central Bank of Iran (CBI)’s new foreign currency package, approved by the Cabinet on Sunday evening, would come into effect on Tuesday, CBI governor announced in a televised interview on Sunday night.
August 6, 2018

Iran’s TPO to cooperate with ITC on near $8m of joint projects

TEHRAN – Managers and representatives of International Trade Center (ITC) met with Mojtaba Khosrotaj, the head of Iran’s Trade Promotion Organization (TPO), on Saturday to discuss joint projects.
August 6, 2018

Non-oil exports to Europe up 11% in 4 months yr/yr

TEHRAN- The value of Iran’s non-oil exports to European countries during the four-month period from March 21 to July 22 rose 11 percent compared to the same period of time in the previous year, IRNA reported.
August 6, 2018

Digging operation of 53 oil, gas wells conducted in 4 months

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 53 oil and gas wells during the first four months of current Iranian calendar year (March 21-July 22), according to an official with the NIDC.
August 6, 2018

Saffron exports rise 56% in a quarter on year

TEHRAN- Iran exported $76.5 million of saffron during the first quarter of current Iranian calendar year (March 21-June 21) with 56 percent rise from the figure of the same time span in the previous year, Trade Promotion Organization (TPO) announced.
August 6, 2018

EU “Struggles to Counter US Sanctions on Iran”

European efforts to protect businesses investing in Iran from US sanctions risk leaving executives with the tough choice of whether to obey EU or American rules. The EU is finalizing its plans to mitigate the punitive measures as the Trump administration prepares to impose a new wave of sanctions next month and in November, the […]
August 6, 2018

Iran Offers India Oil Cargo Insurance, Ships

Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second-biggest oil client. Several refiners in Asia, Iran’s key market for oil sales, are gradually reducing the amount of […]
August 5, 2018

5 new ATR aircrafts land in Tehran

TEHRAN- Five new ATR-72600 passenger aircrafts landed in Tehran's International Mehrabad Airport on Sunday morning just before renewed U.S. sanctions go into effect, IRNA reported.
August 5, 2018

Tehran, Islamabad may resume negotiations on IP gas project next month

TEHRAN - Iran and Pakistan may start a new round of talks on how to advance on the IP gas line project in September, The News of Pakistan reported citing a senior official at the country’s Petroleum Division.
August 5, 2018

South Pars daily gas production to increase 100mcm by March 2019

TEHRAN- Daily production of gas in Iran’s South Pars gas field (in the Persian Gulf) will be increased by 100 million cubic meters (mcm) by the end of current Iranian calendar year (March 20, 2019), according to the managing director of Pars Oil and Ga...
August 5, 2018

2 mining projects worth $60m put into operation in southeastern Iran

TEHRAN- Two iron ore concentrate production units at the total value of 2.66 trillion rials (about $60.5 million) were inaugurated in the presence of the Iranian Industry Minister Mohammad Shariatmadari in Zarand County in southeastern province of Kerm...
August 5, 2018

Joining FATF to Be ‘Very Dangerous’ for Iran

An American writer said it would be “very dangerous” for Iran to join the Financial Action Task Force at this time, noting that the European parties of the JCPOA would withdraw from the nuclear agreement if Iran refuses to join the international watchdog. “Well, it is very clear that the accusations and threats are a […]
August 5, 2018

Iran Lodges Complaint against Sanctions on Carpets

The head of Iran National Carpet Center (INCC) deplored the US sanctions on hand-woven Persian carpets as a breach of international protocols and said the Islamic Republic has filed complaints against the embargoes. “Hand-woven Persian carpet belongs to the Iranian nation and is part of the national, cultural and intellectual identity of the Iranian people,” […]
August 4, 2018

Iran Air to receive 5 ATR planes today at Mehrabad

TEHRAN- Iran’s flag-carrier Iran Air announced on Saturday it was to receive five new planes from Franco-Italian planemaker ATR on Sunday, a day before the renewal of U.S. sanctions.
August 4, 2018

Iran approves new forex policies

TEHRAN- The Supreme Council for Economic Coordination reviewed and approved Central Bank of Iran (CBI)’s new general foreign currency policies as well as solutions to accelerate fighting corruption in domestic economy, Fars news agency reported on Satu...