August 20, 2019

Iran to repair Afghanistan’s power plant turbines

TEHRAN - Iran is going to repair two turbines at Afghanistan’s power plants in the near future, head of Iran Power Plant Repairs Company, Einollah Salehi, said.
August 20, 2019

Tehran, Moscow in talks to set up Caspian Sea ferry line

TEHRAN - Tehran is in talks with Moscow over plans to establish a ferry service across the Caspian Sea that would link Iran with Russia’s Dagestan, RT reported.
August 20, 2019

Shalamcheh-Basra railway project to start soon: RAI head

TEHRAN - Managing Director of the Islamic Republic of Iran Railways (known as RAI) said Shalamcheh-Basra railway project will be commenced in the upcoming months, IRNA reported.
August 20, 2019

Iran, Turkmenistan to establish direct shipping route

TEHRAN – Iran and Turkmenistan have reached an agreement for establishing a direct shipping route between the two countries, ISNA reported on Monday, quoting the Iranian Transport and Urban Development Minister Mohammad Eslami as saying.
August 20, 2019

Iran to open business center in Ghana

TEHRAN - Iran is set to open a permanent exhibition of its products in Accra, the capital of Ghana in September, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
August 20, 2019

New records marked in Iran’s electricity sector: minister

TEHRAN – Iranian Energy Minister Reza Ardakanian said the country’s electricity sector has witnessed new records in production, exports and consumption management during the current calendar year (started on March 20), IRNA reported on Sunday.
August 18, 2019

Over €840m allocated to support domestic auto parts manufacturers

TEHRAN - The industry ministry has allocated €844 million to support the country’s auto parts manufacturers, director general of the industry ministry’s automotive and transportation industries office said.
August 18, 2019

Sinopec still negotiating to develop Iran’s Yadavaran oilfield

TEHRAN – Managing director of Iran’s Petroleum Engineering and Development Company (PEDEC) has said the company is still negotiating the second phase of Yadavaran oilfield’s development project with China's Petroleum and Chemical Corporation, known as ...
August 18, 2019

Iran-Bulgaria business forum slated for late-August

TEHRAN – An Iran-Bulgaria business forum is due to be held on August 24 in Tehran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
August 18, 2019

Iran-Syria joint chamber of commerce to recruit members

TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has published an announcement, inviting capable private companies to join Iran-Syria joint chamber of commerce’s founding board.
August 18, 2019

Development of upstream oil sector atop agenda: Zanganeh

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh has said that the development of the upstream oil sector in collaboration with universities and research institutions is the ministry’s top priority in the current Iranian calendar year, 1398 (March 2...
August 18, 2019

630,000 tons of goods exported to Iraq via Mehran border

TEHRAN – Iran exported 630,000 tons of goods to neighboring Iraq through Mehran border in the first four months of the current Iranian calendar year (March 21-July 21), Mehr news agency reported, quoting a customs official as saying on Sunday.
August 17, 2019

$1.5b allocated for job creation in rural areas

TEHRAN - Presidential chief of staff Mahmoud Vaezi said on Wednesday that the government has allocated $1.5 billion for job creation in the country’s rural areas, IRIB reported.
August 17, 2019

Preferential trade agreement with D-8 to take effect in 2 months

TEHRAN – Deputy director of Iran’s Trade Promotion Organization (TPO) said an agreement on preferential trade with the members of D-8 Organization for Economic Cooperation has been reached and it will take effect in the next two months.
August 17, 2019

IRENEX to hold 6th round of heavy oil offering on Wednesday

TEHRAN- Unlike previous offerings, the sixth round of National Iranian Oil Company (NIOC)’s heavy crude oil offering at Iran Energy Exchange (IRENEX) is due to be held on Wednesday, IRNA reported.
August 17, 2019

Bangladesh private sector seeking enhanced co-op with Iran

TEHRAN – Bangladesh’s commercial attaché in Iran said his country’s private sector is seeking to boost cooperation with the Iranian counterpart, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
August 17, 2019

Iran, Afghanistan considering energy projects in border areas

TEHRAN – Iran and Afghanistan are considering realization of 16,000 megawatts potential of renewable energy projects in border areas, IRNA reported.
August 17, 2019

Russia eyes Iran’s Chabahar to transit goods

TEHRAN – Russia is seeking to use Iran’s Chabahar port in order to transit goods to other countries especially to the Indian subcontinent, Tasnim reported, quoting Sergei Milushkin, managing director of Astrakhan Special Economic Zone in Russia, as say...
August 17, 2019

Iranian heavy crude oil price rises $1.77 per barrel in July: OPEC

TEHRAN- Iranian heavy oil price increased $1.77 in July, according to OPEC’s latest monthly report published on Friday.
August 16, 2019

NISOC to offer 3 new contracts for developing oil reservoirs

TEHRAN – National Iranian South Oil Company (NISOC) has finalized three new development packages worth 39 trillion rials (about $928.5 million) for developing southern oil reservoirs, IRNA reported, quoting an oil official as saying.