August 16, 2019

Industry ministry to revive 2,000 idle production units

TEHRAN – Iranian Industry, Mining and Trade Ministry plans to revive 2,000 idle production units by the end of the current Iranian calendar year (March 20, 2020), IRIB reported.
August 16, 2019

3rd platform of SP phases 22-24 loaded

TEHRAN- Platform SPD-23, which is the third platform of the phases 22, 23, 24 of South Pars gas field (in the Persian Gulf) development project was loaded at Sadra yard in the southwestern province of Bushehr on Wednesday.
August 16, 2019

Tehran hosting intl. poultry, livestock exhibition

TEHRAN- The 18th International Exhibition of Poultry, Livestock, Dairy, and Related Industries (IRANPLEX 2019) is being held in the Iranian capital from August 15 to 18, IRIB reported.
August 16, 2019

CBI sees stable currency market after turbulent year

TEHRAN – Governor of Central Bank of Iran (CBI) said the currency market is moving toward stability and predictability after a year of turmoil, IRNA reported.
August 16, 2019

21 new power plants to go operational by March 2020

TEHRAN – Iranian Energy Minister Reza Ardakanian said 21 new power plant projects worth 210 trillion rials ($5 billion) will go operational by the end of the current calendar year (March 20, 2020) to add 3000 megawatts (MW) to the country’s power gener...
August 16, 2019

Iranian section of Khaf-Herat railroad to be built by March 2020

TEHRAN – Transport and Urban Development Deputy Minister Abbas Khatibi said construction of the Iranian section of the Khaf-Herat railway will be completed by the end of the current Iranian calendar year (March 20, 2020).
August 16, 2019

Iran, Russia, Azerbaijan to set up INSTC working group

TEHRAN – In a meeting on Thursday, transport ministries of Iran, Russia and Azerbaijan agreed to form a working group in order to activate the International North–South Transport Corridor (INSTC).
August 14, 2019

Khani named new Iranian Privatization Organization head

TEHRAN – Davoud Khani was appointed as the new managing director of Iranian Privatization Organization (IPO), IRIB reported on Wednesday.
August 14, 2019

TSE main index surpasses 261,000 points

TEHRAN- Tehran Stock Exchange (TSE) main index (TEDPIX) gained 4,352 points on Wednesday to reach 261,441, IRIB reported.
August 14, 2019

SZOGPC self-sufficient in manufacturing, repairing oil industry equipment

TEHRAN - South Zagros Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has manufactured or repaired the 521 items needed in the oil and gas industry. SZOGPC’s operations director, Seyed Mahmoud Mirbagheri said on Tuesd...
August 14, 2019

Over €6.5b of non-oil income injected to NIMA since March

TEHRAN - Iran’s non-oil exporters injected €6.68 billion of their revenues into the Forex Management Integrated System, locally known as NIMA, since the beginning of the current Iranian calendar year (March 21) up to August 11.
August 14, 2019

NIOC research directorate to conduct 25 major projects

TEHRAN – Head of the National Iranian Oil Company (NIOC) Research and Technology Directorate said his office is going to conduct 25 major research projects worth nearly 700 billion rials (about $16 million).
August 14, 2019

Non-oil exports up 45% in weight

TEHRAN - Head of the Trade Promotion Organization (TPO) of Iran has said the country’s non-oil exports rose by 45 percent in terms of weight during the first three months of the current Iranian calendar year (March 21-June 21) compared to the same peri...
August 14, 2019

North Yaran oilfield to increase output

TEHRAN – Installing the second Electric Submersible Pump (ESP) in the well No.4 of the North Yaran oilfield is going to increase the field’s output by 1,000 barrels per day (bpd), Shana reported on Wednesday.
August 13, 2019

Non-oil exports from PSEEZ up 2% yr/yr

TEHRAN - Non-oil exports from Pars Special Economic Energy Zone (PSEEZ) in Iran’s southwestern port city of Assaluyeh reached 17.8 billion tons since the past Iranian calendar month of Shahrivar (started August 23, 2018), up to date, registering a two-...
August 13, 2019

Iran’s H1 exports to Germany hit €110m

TEHRAN – Iran exported nearly €110 million (about $123 million) worth of commodities to Germany in the first six months of 2019, Reuters reported on Monday, citing data from Germany’s Federal Statistics Office.
August 13, 2019

Over 800 production units start operation in industrial parks

TEHRAN – Some 820 new production units went operational in industrial parks across the country during the first three months of the current Iranian calendar year (March 21–June 21), IRIB reported, quoting deputy director of the Iran Small Industries an...
August 13, 2019

Iran’s daily gasoline output exceeds 100m liters

TEHRAN - Gasoline production in Iran has exceeded 100 million liters per day, according to the chairman of the Association of Iranian Refining Companies.
August 13, 2019

Iran, Tajikistan call for facilitating energy co-op

TEHRAN - Iranian Energy Minister Reza Ardakanian discussed energy cooperation with Tajikistan's ambassador to Iran, Nizamuddin Zahedi, on Tuesday.
August 13, 2019

Tehran, Ashgabat discuss expansion of trade ties

TEHRAN – Head of Iran Chamber of Commerce Industries, Mines and Agriculture (ICCIMA) held talks with Turkmenistan’s Minister of Trade and Foreign Economic Relations on Monday to discuss avenues of economic cooperation.