June 11, 2019

PBO publishes general outlines on budget bill amendment

TEHRAN- Iran’s Planning and Budget Organization (PBO) has published a report titled “Budget Amendment Outline” including 23 major policies with cutting budget’s direct dependence on oil income as the major approach, IRIB reported on Monday.
June 11, 2019

Forouzan oilfield’s F18 platform deck installed

TEHRAN – Installation operation of the topside deck in Forouzan oil field’s F18 platform completed on Monday, Shana reported quoting the head of Iranian Offshore Oil Company (IOOC).
June 11, 2019

Tehran City’s real estate deals down 36.5% in a month on year

TEHRAN- The number of real estate deals in Tehran City fell 36.5 percent in the past Iranian calendar month of Ordibehesht (April 21-May 21), compared to the same month in the past year.
June 11, 2019

Iran-Slovakia business forum slated for late-June

TEHRAN – An Iran-Slovakia business forum is scheduled to be held at Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)’s building in Tehran on June 25, ICCIMA portal reported.
June 11, 2019

Petchem sanctions, political theatrics: NPC head

TEHRAN- Imposition of sanctions by the U.S. on Iran’s petrochemical sector is some political theatrics which will not impact Iran’s petrochemical output and exports much, National Iranian Oil Company (NPC) Head stated.
June 11, 2019

Iran inks MOU with Iraqi Kurdistan to boost bilateral trade

TEHRAN – Iranian Secretariat of Free Zones High Council signed a memorandum of understanding with Importer and Exporter Union of Iraqi Kurdistan region for expansion of economic relations between Iranian free zones and the Kurdistan region.
June 11, 2019

‘Iran-Japan Joint Chamber of Commerce to be set up soon’

TEHRAN- Iran-Japan Joint Chamber of Commerce will be opened in Tehran in near future, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Chairman Gholam-Hossein Shafeie announced.
June 10, 2019

How to manage country without oil: Parl. Research Center

TEHRAN – In its recent report, the Research Center of the Iranian Parliament has discussed ways to reach a non-oil economy, the one which is not dependent on oil revenues.
June 10, 2019

Omani airline launches Muscat-Tehran route

TEHRAN - Oman’s SalamAir launched a direct flight route between Muscat and Tehran on Sunday, Tasnim reported.
June 10, 2019

Iran hosting 18th Caspian Sea littoral states ICBC meeting

TEHRAN - The 18th meeting of the International Council of Business Cooperation (ICBC) of the Caspian Sea littoral states kicked off on Monday in the northern city of Sari, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIM...
June 10, 2019

350MW to be added to Iran’s power generation capacity

TEHRAN - With three new power plant units going operational this week, the country’s power generation capacity is going to be increased by 350 megawatts (MW), Tasnim reported on Sunday, quoting an energy official as saying.
June 10, 2019

160 foreign companies to attend Iran Agrofood 2019

TEHRAN- The 26th International Exhibition of Food, Food Technology and Agriculture of Iran (Agrofood 2019), due to be held on June 18-21 at the Tehran Permanent International Fairgrounds, will be hosting 160 foreign companies, IRIB reported.
June 10, 2019

Iran ready to establish new petchem hub

TEHRAN – The National Petrochemical Company (NPC) signed a memorandum of understanding with the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) for establishing a new petrochemical complex in Hormozgan Province adja...
June 9, 2019

Over 18,000 smart electricity meters installed across Tehran

TEHRAN – Some 18,650 smart electricity meters have been installed across Tehran for large-scale electricity consumers, IRIB reported citing the portal of Iranian Energy Ministry (known as PAVEN).
June 9, 2019

NIOC to offer 2m barrels of light crude oil at IRENEX on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.
June 9, 2019

‘Iran among 8 advanced countries in railway signaling technology’

TEHRAN - The head of Islamic Republic of Iran Railways (known as RAI) announced that Iran is currently among top eight countries regarding the technology of railway signaling systems, IRIB reported.
June 9, 2019

Iran doesn’t intend to leave OPEC despite tensions: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the country doesn’t have any plans to leave OPEC despite the tensions that some fellow-members are creating in the organization, Shana reported on Saturday.
June 9, 2019

Non-oil exports hit $8.4b in 2 months, up nearly 9% yr/yr

TEHRAN – The value of Iran’s non-oil exports reached $8.4 billion in the first two months of the current Iranian calendar year (March 21-May 21), up 8.9 percent compared to the last year’s same period, IRNA reported on Sunday quoting the acting head of...
June 8, 2019

“Redundant” sanctions vs. “resilient” economy

As the United States sanctioned Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) on Friday, many analysts and officials believe them to have no significant impact on the country’s economy in a broad sense.
June 8, 2019

NIOC sells 1.085m barrels of oil, condensate in 17 offerings at IRENEX

TEHRAN- National Iranian Oil Company could sell 1.085 million barrels of crude oil, both light and heavy, and also gas condensate through 17 offerings at Iran Energy Exchange (IRENEX) during the past seven months since offering these products kicked of...