November 29, 2019

Iran to develop Middle East’s largest gas storage facility

TEHRAN - National Iranian Gas Company (NIGC) has awarded the development project of Shourijeh gas storage facility in the northeastern Khorasan Razavi Province to an Iranian company based on a build-operate-transfer (BOT) contract, IRNA reported on Fri...
November 29, 2019

Iran’s representative at GECF calls on members to counter U.S. actions

TEHRAN – Iranian Oil Ministry’s representative at the 5th Summit of the Gas Exporting Countries Forum (GECF), which kicked off in Malabo, Equatorial Guinea on November 25, called on all members to stand against U.S.’s unilateralism, Shana reported.
November 29, 2019

IFX rises 80% since March

TEHRAN- IFX, the main index of Iran's over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB) has risen 80 percent since the beginning of current Iranian calendar year (March 21, 2019), Tasnim news agency reported on Friday.
November 29, 2019

TEDPIX gains 6,233 points in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), has increase 6,233 points, or 2.08 percent, to 311,230 during the five working days of the past Iranian calendar week (Saturday to Wednesday), Tasnim news agency reported.
November 27, 2019

President inaugurates major development projects in northwestern province

TEHRAN- Iranian President Hassan Rouhani inaugurated several development projects in Tabriz, the capital city of the northwestern province of East Azarbaijan on Wednesday, IRNA reported.
November 27, 2019

Russia to loan Iran $2.8b upon previous agreements

TEHRAN – Iranian Energy Minister Reza Ardakanian said Russia, which has already provided Iran with $2.2 billion of facilities, is going to give another $2.8 billion to fulfill a late-2015 agreement for a $5-billion loan.
November 27, 2019

Iranian, South Korean cooperatives explore avenues of mutual co-op

TEHRAN – The second edition of Iran-South Korea Joint Seminar on Cooperatives Affairs was held at Tehran’s Milad Tower Conference Hall on Wednesday, in which the two sides explored avenues of mutual cooperation.
November 27, 2019

Establishing Iran-EAEU trade office in Yerevan a serious step for trade ties

TEHRAN- Setting up Iran-EAEU trade office in Yerevan is a serious measure for broadening trade ties between Iran and Eurasian Economic Union (EAEU), the president of Armenia Chamber of Commerce and Industry said on Wednesday.
November 27, 2019

Oil income to account for %7 of Iran’s revenue next year

TEHRAN- Iran’s oil sale will account for just seven percent of the country’s income in the next Iranian calendar year (begins on March 20, 2020), according to Head of Iran's Plan and Budget Organization (PBO) Mohammad Bagher Nobakht.
November 27, 2019

Domestic production to save Iran $10b in 2 years

TEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani said that relying on domestic production will save $10 billion for the country in the next two years, IRIB reported.
November 27, 2019

Iran generates 4.405b Kwh of electricity from renewables since March

TEHRAN- Electricity generated from renewable resources has reached 4.405 billion kilowatt hours (Kwh) in Iran since the beginning of current Iranian calendar year (March 21, 2019), IRNA reported citing the data released by Iran’s Renewable Energy and E...
November 26, 2019

‘Iranian companies prioritized for reconstructing Syria’

TEHRAN- Syrian minister of public works and housing said that his country puts the top priority on Iranian companies for implementing reconstruction projects in Syria, IRNA reported.
November 26, 2019

‘Lack of “futures”, main barrier in the way of IRENEX success’

TEHRAN – Nearly a year after National Iranian Oil Company (NIOC), for the first time, decided to offer crude oil and gas condensate at Iran Energy Exchange (IRENEX) as a new strategy to relief the pressures of the U.S. sanction, unfortunately no more t...
November 26, 2019

Doubling non-oil exports to neighbors atop agenda: PBO head

TEHRAN - Head of Iran’s Planning and Budget Organization (PBO) says the government is seeking to double the value of non-oil exports to the neighboring countries in the next Iranian calendar year (March 2020-March 2021), Press TV reported.
November 26, 2019

Iran to set up pavilion in IDF Oman in mid-Feb. 2020

TEHRAN- Iran will set up a pavilion in Oman’s Interior Design Furnishing Expo (IDF Oman) which will be held in Muscat from February 11 to 13, 2020, Trade Promotion Organization of Iran (TPO) published on its official website on Tuesday.
November 26, 2019

Intl. Iranian downstream oil industry expo slated for Feb. 2020

TEHRAN – Iran Oil, Gas and Petrochemical Products Exports Union (OPEX) is going to hold the first international exhibition of Iranian oil, gas and petrochemical industries downstream sector (Intl. Iran Downstream Show) during February 2-4, 2020 at Tehr...
November 26, 2019

Intl. Iranian oil industry downstream expo slated for Feb. 2020

TEHRAN – Iran Oil, Gas and Petrochemical Products Exports Union (OPEX) is going to hold the first international exhibition of Iranian oil, gas and petrochemical industries downstream sector (Intl. Iran Downstream Show) during February 2-4, 2020 at Tehr...
November 26, 2019

Tehran, Yerevan stress expansion of bilateral trade under Iran-EAEU agreement

TEHRAN- During a meeting between the head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM) and Armenian ambassador to Iran the two sides emphasized the need to preserve and expand trade relations between Iran and Armenia under a...
November 25, 2019

Manufacturing of home appliances rises in H1 yr/yr

TEHRAN – Domestic manufacturing of home appliances in the first six months of the current Iranian calendar year (March 21-Spetember 22) has experienced a significant rise compared to the same period last year, Mehr NEws Agency reported.
November 25, 2019

Exports by SMEs up $450m in 6.5 months yr/yr

TEHRAN - Iranian small and medium-sized enterprises (SMEs) exported $1.49 billion worth of commodities since the beginning of the current Iranian calendar year (March 21) up to October 7, $450 million more than the figure for last year’s same period.