July 7, 2018

S. Korea rejects halt in loading Iran’s oil

TEHRAN - The South Korean embassy in Tehran rejected that its country has stopped loading Iranian oil and gas condensate by its tankers in July, IRNA reported on Saturday.
July 7, 2018

‘Trump’s tweets driving oil prices up’

TEHRAN - Iran’s Representative to OPEC Hossein Kazempour Ardebili said U.S. President Donald Trump’s tweet has raised oil prices by at least $10, Shana reported.
July 7, 2018

Passenger car imports down 8% in a year

TEHRAN- Iran’s imports of passenger cars in the past Iranian calendar year (ended on March 20, 2018) show eight percent fall from its previous year, according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).
July 7, 2018

Tehran, Moscow pen banking co-op MOU

TEHRAN- During the 6th meeting of Iran-Russia banking and financial group in Tehran the two sides signed an MOU on expansion of bilateral ties, the official website of the Central Bank of Iran (CBI) reported.
July 7, 2018

Petchem output hits 13.2m tons in a quarter

TEHRAN- Iran produced 13.2 million tons of petrochemical products during the three-month period from the beginning of current Iranian calendar year (March 21), Qodratollah Farajpour, director for production control in National Petrochemical Company (NP...
July 7, 2018

Above $4.6b allocated to prosper domestic production

TEHRAN- According to Iranian deputy finance minister, the government has granted 200 trillion rials (above $4.68 billion) to protect domestic production projects in the present Iranian calendar year (ending on March 20, 2019).
July 7, 2018

Iran, Austria renew energy co-op agreement

TEHRAN – Tehran and Vienna extended the energy cooperation agreement which was signed between Iranian oil ministry and Austria’s energy ministry, Shana reported on Thursday quoting Iranian Deputy Oil Minister for International Affairs and Trading Amir-...
July 7, 2018

Italy’s Fiat “to Be Back in Iran”

The head of Iran’s Association of Automobile and Spare Parts Importers said Italy’s Fiat Chrysler Automobiles plans to resume its activities in Iran. Speaking to the Tasnim News Agency, Meysam Rezaei pointed to Fiat’s recent moves to obtain necessary legal licenses to resume its activities in the country and said the Italian firm has reached […]
July 7, 2018

Iran Launches Major Condensate Project

The Islamic Republic of Iran has launched the second phase of the world’s largest gas condensate refinery in its southern city of Bandar Abbas. The first phase of the project, with 12 million liters per day of gasoline production capacity, came on-line in April 2017. Once fully operational, it will have a processing capacity of […]
July 6, 2018

Russia Begins Work to Electrify Railroad in Iran

Russian Railways has begun works on the electrification of a railway line in Iran, the head of Russian Railways company said. The project, worth $1.2 billion, will electrify a railroad connecting the city of Garmsar near Tehran with Incheboron near the border with Turkmenistan. The length of the Garmsar- Incheboron railway line is 495km. The […]
July 6, 2018

IGAT-6 Gas Pipeline Fully Operational

Iran has fully launched the 6th nationwide gas trunkline (IGAT-6) which bolsters the country’s gas export capacity to Iraq. The National Iranian Gas Company (NIGC) CEO Hamidreza Araqi said a major section of the project came online last calendar year (ended on March 20) and the last 100-km of the project has now come on-stream. […]
July 5, 2018

IIES Explores Energy Modeling with Korean Firm

Iran’s Institute for International Energy Studies (IIES) held a joint round-table with Korea Energy Economics Institute (KEEI) to consider review the energy policies of the two countries including modeling of energy consumption optimization. During the event, IIES Research Deputy Mohammad Mottaghi said the round-table was IIES’s third such event with KEEI. KEEI is Asia’s first and […]
July 5, 2018

UNESCO adds Iranian Sites to World Heritage List

UNESCO has added eight Iranian archeological sites to its World Heritage List. The sites situated in three geographical parts in the southeast of Fars Province: Firuzabad, Bishapur and Sarvestan. These fortified structures, palaces, and city plans date back to the earliest and latest times of the Sassanian Empire, which stretched across the region from 224 […]
July 4, 2018

Tehran, Moscow sign insurance MOU

TEHRAN- In a meeting between Head of the Central Insurance of Iran Abdolnasser Hemmati and Russian National Reinsurance Chief Nikolay Galushin the two sides inked an insurance MOU in Tehran on Wednesday, IRNA reported.
July 4, 2018

Secondary forex market starts operation

TEHRAN- Governor of the Central Bank of Iran (CBI) Valiollah Seif announced about official inauguration of secondary foreign exchange market on Wednesday, IRNA quoted him as saying on the sidelines of the cabinet meeting.
July 4, 2018

Petrochemicals account for 26% of Iran’s non-oil exports

TEHRAN – Petrochemical products account for 26 percent of Iran’s current non-oil exports, IRNA reported on Wednesday quoting an industry official.
July 4, 2018

Over $163m spent on constructing industrial parks

TEHRAN – Iran expended 7 trillion rials (about $163.93 million) for 19 under-construction industrial parks across the country in the last Iranian calendar year (ended on March 20), IRNA reported on Wednesday quoting an industry official.
July 4, 2018

Tehran hosting intl. stationery, engineering expo

TEHRAN – Iran’s capital is hosting the fifth edition of the country’s International Exhibition of Stationery and Engineering (Iran PENEX 2018) at Shahr-e-Aftab International Exhibition Center.
July 4, 2018

Iran Stock Exchange: Current Startup Valuations Are Not Accepted

While a number of leading tech companies in Iran have applied to be listed on the Fara Bourse (an over-the-counter market), the head of Iran's Stock Exchange has expressed his concerns by saying the current startup valuations are not accepted.

The post Iran Stock Exchange: Current Startup Valuations Are Not Accepted appeared first on TechRasa.

July 4, 2018

Trump says No Sanctions Exemption for EU Firms

US President Donald Trump warned European companies that they would face secondary sanctions if they violated US restrictions on doing business with Tehran following Washington’s move to pull out of the Iran nuclear deal. The US president said on Sunday that he would not exempt European companies from Iran-related sanctions, suggesting that EU demands for […]