July 29, 2019

NIDC digs 41 oil, gas wells in 4 months

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 41 oil and gas wells during the first four months of the current Iranian calendar year (March 21-July 22), ISNA reported.
July 29, 2019

Private sector operates two third of Iran’s thermal power plants: report

Over two third of Iran’s thermal power plants are owned and operated by the country’s private sector, Press TV reported on Sunday, citing a report released by Iran’s Energy Ministry.
July 29, 2019

SATBA to fully support exports of renewable electricity

TEHRAN - Head of Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) said the organization has mobilized all necessary resources to support the exports of electricity generated from renewable sources especially solar power plant...
July 29, 2019

Tehran City’s real estate deals down 64.6% in a month on year

TEHRAN- The number of real estate deals in Tehran City fell 64.6 percent in the fourth Iranian calendar month of Tir (June 22-July 22), compared to the same month in the past year, IRIB reported citing the data released by Central Bank of Iran (CBI).
July 29, 2019

Iran, Iraq ink MOU to develop Islamic financial instruments

TEHRAN - Iran’s Securities and Exchange Organization (SEO) on Monday signed a memorandum of understanding (MOU) with Iraq Securities Commission for cooperation in developing Islamic financial instruments and establishing joint investment funds.
July 28, 2019

Over 197,000 cars manufactured in a quarter

TEHRAN- Iranian carmakers manufactured 197,777 vehicles during the first three months of the current Iranian calendar year (March 21-June 21), IRNA reported citing the data released by Industry, Mining and Trade Ministry.
July 28, 2019

Bank loans to industrial, mining sector up over 41%

TEHRAN - Banks and credit institutions provided the industrial and mining sector with 300 trillion rials (about $7.14 billion) worth of loans in the first two months of the current Iranian year (March 21-May 21), registering a 41.5 percent rise year-on...
July 28, 2019

Overhaul operations at South Pars platforms to wrap up by late-Sep.

TEHRAN - Managing Director of Pars Oil and Gas Company (POGC), Mohammad Meshkinfam said all of the South Pars gas field’s platforms will go through overhaul operations by the end of summer (September 22).
July 28, 2019

Integrated forex market to start operation by mid-August

TEHRAN- Central Bank of Iran (CBI) plans to launch an integrated forex market in the country by mid-August, IRIB reported.
July 28, 2019

Iran’s steel ingot output up 5.6% in H1: WSA

TEHRAN- Production of steel ingots in Iran stood at 12.78 million tons during the first half of 2019, showing 5.6 percent rise compared to the first half of 2018, according to a report released by World Steel Association (WSA).
July 28, 2019

Iran’s renewable power generation capacity reaches 760 MW

TEHRAN - The capacity of Iran’s renewable power plants has reached 760 megawatts (MW), Press TV reported on Saturday, citing Iranian Energy Ministry’s news portal (known as PAVEN).
July 28, 2019

Iran’s huge energy subsidies: supporting or battering the economy?

In one of its latest reports dubbed “World Energy Outlook 2018”, the International Energy Agency (IEA) has allocated a section to fossil-fuel subsidies. The IEA has gathered the information regarding different countries’ fossil-fuel consumption subsidi...
July 28, 2019

Iran ConFair 2019 running in Tehran

TEHRAN – The 19th edition of Iran’s International Exhibition of Building and Construction Industry (Iran ConFair 2019) kicked off at Tehran Permanent International Fairgrounds on Sunday.
July 28, 2019

Modares Khiabani appointed new head of IRISL

TEHRAN- Mohammadreza Modares Khiabani was appointed as the new head of Islamic Republic of Iran Shipping Lines (IRISL), replacing Mohammad Saeedi, Tasnim news agency reported on Sunday.
July 28, 2019

Commodities worth $309m traded at IME in a week

TEHRAN- During weekdays ending up to July 25, approximately, 258.145 million tons (MT) of commodities worth over $309 million were traded at Iran Mercantile Exchange (IME).
July 27, 2019

Govt.’s 4 strategies to compensate for budget deficit approved

TEHRAN- Iranian government’s four suggested strategies to compensate for budget deficit were approved during a session of Supreme Council of Economic Coordination presided by President Hassan Rouhani on Saturday, Fars news agency reported.
July 27, 2019

Reviving small mines on agenda

Establishment of high-capacity industrial units recently in Iran indicates the need for the supply of more minerals as feedstock for these units.
July 27, 2019

TCCIMA voices Iran’s readiness for bolstering trade with Belarus

TEHRAN –Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) has voiced Iran’s readiness for boosting trade ties with Belarus, TCCIMA portal reported.
July 27, 2019

Iran to increase commercial attachés in region

TEHRAN – Iran’s new deputy industry minister in trade affairs, Hossein Modares Khiabani, said following the government’s policies for increasing the country’s trade with the neighbors, 10 new commercial attachés are going to be sent to neighboring coun...
July 27, 2019

China still ships in Iranian oil despite U.S.’s tougher stance: report

TEHRAN – China is still importing oil from Iran despite the U.S.’s reimposition of the sanctions on the country, Bloomberg reported on Friday citing official customs data. The Asian country imported 855,638 tons (about 209,000 barrels per day) of crud...