August 13, 2019

Nicaragua ready for barter trade with Iran

TEHRAN – Nicaragua’s Minister of Finance and Public Credit has voiced his country’s readiness for barter trade with Iran to mitigate the impact of the U.S. sanctions on the two countries’ trade.
August 13, 2019

U.S. after increasing oil price to $200: lawmaker

TEHRAN - An Iranian lawmaker believes that the United States is trying to sow the seeds of insecurity in the Persian Gulf region to increase oil price to around $200.
August 12, 2019

Flare gas waste to be zeroed in major Iranian oil fields by 2022

TEHRAN – Head of National Iranian South Oil Company (NISOC) said that the country’s southern oil fields will stop wasting flare gas, which is burned during drilling operations, within three years, Press TV reported on Sunday.
August 12, 2019

Over 58m tons of goods loaded, unloaded at Iran’s ports since March

TEHRAN- Over 58 million tons of goods have been loaded and unloaded at ports of Iran since the beginning of current Iranian calendar year (March 21), IRNA reported citing the data released by Ports and Maritime Organization (PMO).
August 12, 2019

Iran’s daily gas output hits 810mcm

TEHRAN – National Iranian Gas Company (NIGC) Dispatching Director Mehdi Jamshidi Dana, said the country’s daily gas production has reached 810 million cubic meters (mcm), Shana reported on Sunday.
August 12, 2019

IRENEX to hold 7th round of heavy crude oil offering

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, IRNA reported.
August 12, 2019

RCUWM governing board to gather in Tehran in early Dec.

TEHRAN – The 10th meeting of the UNESCO Regional Centre on Urban Water Management (RCUWM)’s governing board is slated to be held in Tehran on December 5, IRNA reported, quoting a water official.
August 12, 2019

Iran ready to expand economic co-op with Caspian Sea littoral states

TEHRAN – Iran is ready to expand economic cooperation with all neighboring countries, especially with the Caspian Sea littoral states, deputy industry minister Mohammad-Baqer Ali said in the first Caspian Economic Forum which was held in Turkmenistan’s...
August 12, 2019

Uzbekistan welcomes Iranian investment in its economy

TEHRAN – Uzbekistan’s Prime Minister Abdulla Nigmatovich Aripov said his country welcomes Iranian investors and private sector’s contribution to its economy, Tasnim news agency reported on Monday.
August 12, 2019

NIOC awards development of SP phase 14 to an Iranian company

TEHRAN – National Iranian Oil Company (NIOC) has awarded the development project of the phase 14 of South Pars gas field (in the Persian Gulf) to the Iranian company Petropars Operation and Management Company (POMC), IRNA reported.
August 10, 2019

Auto part makers calling for Industry Ministry’s new policies

TEHRAN- Domestic auto part manufacturers want Industry Ministry to make new policies that facilitate their activities, the secretary of Iranian Auto Part Manufacturers Association told IRNA on Saturday.
August 10, 2019

‘No problem in clearing cargoes at Iranian ports’

TEHRAN - A deputy with the Islamic Republic of Iran Customs Administration (IRICA) said there is no particular problem in clearing cargoes at the country’s ports and all shipments will be cleared unless there are legal obstacles, Tasnim news agency rep...
August 10, 2019

Karoun Power Plant to supply sustainable electricity to Yadavaran Oilfield

TEHRAN – Iran’s Petroleum Engineering and Development Company (PEDEC) plans to connect Yadavaran Oilfield to West Karun Power plant, a measure that will ensure continuous and uninterrupted production of oil in this joint field, Shana reported on Saturd...
August 10, 2019

Paper, cardboard production up 4% in 4 months on year

TEHRAN- Production of paper and cardboard in Iran rose four percent during the first four months of the current Iranian calendar year (March 21-July 22) compared to the same period of time in the previous year, Tasnim news agency reported on Saturday, ...
August 10, 2019

1,100 Iranian SMEs exporting domestic products to global markets

TEHRAN – More than 33,000 small and medium-sized enterprises (SMEs) are currently active in Iran of which 1,100 are exporting their products and services to foreign destinations, head of Iran Small Industries and Industrial Parks Organization (ISIPO) a...
August 10, 2019

Iraq, Iran consider removing dollar from bilateral trade: envoy

TEHRAN- Iraqi Ambassador to Iran Sa’d Javad Qandil said his country and Iran are considering mechanisms to use local currencies in their bilateral trade to reduce reliance on the U.S. dollar, Mehr news agency reported.
August 9, 2019

217 water, electricity projects to be inaugurated by March 2020

TEHRAN- Iranian Energy Minister Reza Ardakanian said on Wednesday that 217 major water and electricity projects will be inaugurated by the end of the current Iranian calendar year (March 19, 2020).
August 9, 2019

VP inaugurates industrial, development projects in northeastern Iran

TEHRAN - Iranian First Vice President Es’haq Jahangiri inaugurated several industrial, infrastructure and development projects in Khorasan Razavi Province in northeastern Iran during a two-day visit to the region.
August 9, 2019

Passenger transport via railway up 4.7% in 4 months on year

TEHRAN - The number of passengers carried on Islamic Republic of Iran Railways (known as RAI) in the first four months of the current Iranian calendar year (March 21-July 22) increased by 4.7 percent on year.
August 9, 2019

‘5-month imports of basic goods rise 69% yr/yr’

TEHRAN - Imports of basic goods recorded at Iran’s ports since the beginning of the current Iranian calendar year (March 21) have increased by 69 percent compared to the similar five-month period last year, IRNA reported, quoting governor of the Centra...