April 23, 2018

How an Anti-Waste Challenge went Viral in Iran

By Maysam Bizaer for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. With annual waste generation of more than 16 million tons and over 60 million tons of construction waste, Iran is said to be among the top 10 consumers of plastic in the world with more […]
April 23, 2018

IGTC Gas Transmission Capacity to hit 400 bcm by 2025

The CEO of the Iranian Gas Transmission Company (IGTC) says the company’s gas transmission capacity will cross 400 billion cubic meters per year by 2025. Saeid Tavakoli said the company delivered 226 bcm of natural gas over the first 11 months of the previous Iranian calendar year which ended on March 20. He said the […]
April 23, 2018

Iran won’t award South Pars oil layer development to Total: Zanganeh

TEHRAN – Oil Minister Bijan Namdar Zanganeh said Iran is not going to hand over the development of South Pars oil layer to Total since the French oil giant has taken over Danish Maersk's oil division with which Iran was negotiating the project.
April 23, 2018

Monthly car imports down 77% yr/yr

TEHRAN- The value of Iran’s car imports during the first Iranian calendar month Farvardin (March 21-April 20) fell 77 percent compared to the same month of the past year, IRNA reported on Sunday citing the data released by the Islamic Republic of Iran ...
April 23, 2018

Annual petchem exports exceed $12b

TEHRAN- Iran exported over 22.41 million tons of petrochemical products worth more than $12 billion in the past Iranian calendar year (ended on March 20), IRIB news reported citing the data released by National Petrochemical Company (NPC).
April 23, 2018

NIGC to launch 1,000 KM Gas Pipeline by March 2019

The National Iranian Gas Company (NIGC) has planned to launch 1,000 kilometers of gas distribution pipeline by the end of the current Iranian calendar year which began on March 21. An official with the Gas Engineering and Development Company said on Tuesday that his company, a subsidiary of the NIGC, built 1,000 kilometers of gas […]
April 23, 2018

Aiding Iraq in Reconstruction Iran’s Priority

Aiding Iraq in Reconstruction Iran’s Priority after Daesh Defeat: Defense Minister Iranian Defense Minister Brigadier General Amir Hatami said that following the defeat of the Daesh (ISIL or ISIS) terrorist group in Iraq, Iran’s priority in its cooperation with Iraq now is helping the Arab country in its reconstruction process. In a meeting with Iraqi […]
April 23, 2018

Inflation rate stands at 8.1%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the first Iranian calendar month Farvardin (March 21-April 20) stood at 8.1 percent.
April 22, 2018

Capital Intelligence Corporate to establish office in Iran

TEHRAN- Capital Intelligence Corporate (CI Ratings) intends to establish its office in Iran, the portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) quoted one of the corporate’s senior directors as saying.
April 22, 2018

Less than a month to Persian Gulf Star Refinery’s 2nd phase inauguration

Bandar Abbas – The managing director of National Iranian Oil Products Distribution Company (NIOPDC) said the second phase of Persian Gulf Star Refinery (PGSR), which is hailed as the Middle East’s largest gas condensate processing complex, is due be in...
April 22, 2018

SP phase 14 first platform to start operation in a month

TEHRAN- The first platform of phase 14 of developing South Pars gas field (Iran shares with Qatar in the Persian Gulf) will start operation by the end of current Iranian calendar year (May 21), according to the operator of the phase.
April 22, 2018

ORG’s studies on Caspian Sea oil, gas reserves promising: NIOC

TEHRAN- Norway's ORG Company’s result of studies on four blocks in the Caspian Sea is promising for extraction of oil and gas reserves, according to Gholamreza Manouchehri, the deputy for development and engineering at the National Iranian Oil Company ...
April 22, 2018

Why are Iranians so Hesitant to Migrate out of Telegram?

While there have been many measures taken by the government and other organizations, the migration of users out of Telegram is not going as expected. Here are 3 reasons why the Iranian people are hesitating to migrate from Telegram.

The post Why are Iranians so Hesitant to Migrate out of Telegram? appeared first on TechRasa.

April 22, 2018

Industrial parks export up to $2.2b of goods in a year

TEHRAN- Production units in indusial parks exported $2.18 billion of goods during the last Iranian calendar year (ended March 20, 2018), IRNA quoted Iranian deputy industry minister as saying on Saturday.
April 22, 2018

Will Iran’s Banking Sector Collapse?

By Bijan Khajehpour for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iranian and international experts have opined for some time that Iran’s banking sector is at risk of a financial collapse due to toxic assets. It is no secret that over the past decade all Iranian […]
April 22, 2018

Linglong “gets Cold Feet with Iran Project”

By John Lee. China’s Shandong Linglong Tire Co (Linglong) is reportedly now hesitant about going ahead with a previously announced contract to supply technology to a greenfield tire plant in south-eastern Iran, according to an ERJ source. “They are asking for more time because of pressures by Trump,” the industry insider told ERJ. The contract, […]
April 22, 2018

Supplying gas to 3 remaining power plants to be expedited

TEHRAN- In a meeting with the senior officials on Saturday, Iranian President Hassan Rouhani called on Oil Minister Bijan Namdar Zanganeh to expedite the trend of gas supplying to the country’s power plants.
April 21, 2018

$8b increase in mining, petrochemical exports predicted

TEHRAN- Head of Iran’s Trade Promotion Organization (TPO) predicted that regarding the created capacities, Iran’s exports from mining and petrochemical sectors will witness rises of $1.5 billion and $6.5 billion respectively by the end of the current I...
April 21, 2018

Annual car manufacturing up 13.7%

TEHRAN- Iranian carmakers manufactured over 1.535 vehicles during the past Iranian calendar year 1396 (ended on March 20), with 13.7 percent rise from the figure of its preceding year, Industry Ministry has announced.
April 21, 2018

Currency rate policies & foreign trade

Iranian government, as top officials have announced, is on the process of renovating its foreign currency system via managing domestic foreign currency market, reigning the currency rates, improving cooperation with exchange shops, and reinforcing expo...