July 13, 2019

NIOC to offer 2m barrels of condensate at IRENEX in 8th round

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of gas condensate at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.
July 13, 2019

‘Iran’s foreign trade not determined by INSTEX’

TEHRAN – The acting head of Iran’s Trade Promotion Organization (TPO) said Europe’s Instrument in Support of Trade Exchanges (INSTEX) is only a channel for trade with Europe and technically it is not determining the country’s foreign trade, Tasnim news...
July 13, 2019

Iran indigenizes monitoring systems in gas transmission

TEHRAN – Head of National Iranian Gas Transmission Company (NIGTC) announced that Iranian experts have achieved the know-how for producing vibration monitoring and protection systems for gas transmission lines.
July 13, 2019

Over $452m worth of commodities traded at IME in a week

TEHRAN- During weekdays ending up to July 11, approximately, 402,145 million tons (MT) of commodities worth over $452 million were traded at Iran Mercantile Exchange (IME).
July 13, 2019

Iraq seeks participation of Iranian companies in energy projects

TEHRAN – Iran’s Energy Industries Engineering and Design Company (EIED) hosted a meeting on Friday in which a delegation comprised of representatives of Iraq’s chambers of commerce discussed collaboration of Iranian companies in Iraq’s oil and gas proj...
July 13, 2019

Third platform of South Pars phase 14 installed on offshore spot

TEHRAN- Platform 14B of Iran’s South Pars gas field (in the Persian Gulf) was installed on its designated offshore spot on Saturday, Public Relations Department of Pars Oil and Gas Company, which is in charge of developing the gas field, announced.
July 12, 2019

‘Banking, transportation are main challenges in Iran-Malaysia trade’

TEHRAN - Malaysian Ambassador to Iran Datuk Rustam Yahaya said banking relations and transportation are the main challenges facing Iran and Malaysia in the way of boosting economic relations, the portal of Iran Chamber of Commerce, Industries, Mines an...
July 12, 2019

‘Neighboring countries willing to expand economic ties with Iran’

TEHRAN- Saying that Iran’s neighboring countries are eager for the expansion of economic and trade ties with the Islamic Republic, Iranian deputy minister of industry, mining and trade put emphasis on the necessity of boosting ties with the neighbors.
July 12, 2019

Iran exports €25m of pistachio to EU countries in 4 months

TEHRAN- According to the data released by European Union’s statistics agency Eurostat, the union’s member states have imported €25.4 million of pistachio from Iran during the first four months of 2019.
July 12, 2019

Iran, Brazil seeking barter trade in face of U.S. sanctions

TEHRAN –Secretary of Iran-Brazil Chamber of Commerce said the two countries are seeking to establish bartering systems in order to keep their trade afloat during the sanctions era, ILNA reported.
July 12, 2019

Iran 90% self-sufficient in renewables equipment

TEHRAN – Head of Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) said on Thursday that currently 90 percent of the equipment used in the country’s renewable power plants are manufactured inside the country.
July 12, 2019

Ports’ vital role in combatting sanctions

While Iran is combatting the U.S. unilateral sanctions on its economy, the country’s ports as the major gates of exports and imports play some significant role in this combat. This role makes all-out support to ports and more development of them seriou...
July 12, 2019

Iran, Syria agree to jointly manufacture passenger cars

TEHRAN – Iran and Syria signed an agreement for joint manufacturing of passenger cars, Fars news agency reported.
July 12, 2019

Tehran, Muscat stress expansion of transportation ties

TEHRAN - Iranian Industry, Mining and Trade Minister Reza Rahmani met with Oman's Minister of Transport and Communications Ahmed Mohammed Salem Al-Futaisi in Muscat and emphasized the need for strengthening transport and infrastructure cooperation betw...
July 10, 2019

‘$5b of non-oil revenues injected to NIMA since March’

TEHRAN – Iran’s non-oil exporters injected $5 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), IRNA reported, quoting an official with the...
July 10, 2019

Monthly non-oil exports from PSEEZ up 23% yr/yr

TEHRAN- Non-oil exports from Pars Special Economic Energy Zone (PSEEZ) in Iran’s southwestern port city of Assaluyeh exceeded 1.574 million tons in the past Iranian calendar month of Khordad (May 22-June 21), rising 23 percent compared to the same mont...
July 10, 2019

IDRO, domestic companies ink MOU on 10m-ton steel project

TEHRAN- Iran’s Industrial Development and Renovation Organization (IDRO) signed a memorandum of understanding with a consortium of seven domestic companies on production of 10 million tons of steel in Persian Gulf Mining and Metal Industries Special Ec...
July 10, 2019

Over $395m of foreign investment projects ratified in 2 months

TEHRAN - Iran’s Industry, Mining and Trade Ministry has approved 14 new foreign investment projects, worth $395.868 million during the first two months of the current Iranian calendar year (March 21-May 21), IRNA reported.
July 10, 2019

Iran to offer 3-year oil future contracts to foreign buyers

TEHRAN - Iran is going to offer up to three-year oil future contracts for certain international buyers in an effort to offset the impacts of U.S. sanctions on its oil exports, Shana reported.
July 10, 2019

Iran completely self-sufficient in upstream oil equipment

TEHRAN - Managing director of Iran’s Oil Industries Engineering and Construction Company (OIEC) said currently all the necessary equipment for the oil industry’s upstream sector are produced inside the country, IRIB reported.