May 29, 2019

India seeking to resume oil imports from Iran

TEHRAN – India is planning to resume oil imports from Iran and the new government is going to hold talks with Iran in order to discuss ways of getting around U.S. sanctions like paying in national currencies.
May 29, 2019

India is still Iran’s priority for developing Farzad B field: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said India is still the top option for awarding Farzad B gas field development project, Mehr news agency reported on Wednesday.
May 28, 2019

Iran’s renewable power generation capacity reaches 724 MW

TEHRAN – The capacity of Iran’s renewable power plants has reached 724 megawatts (MW) and 416 MW capacity of new power plants are under construction, the portal of Iranian Energy Ministry (known as PAVEN) reported.
May 28, 2019

Chabahar Port’s loading, unloading of goods rise 30% in 2 months

TEHRAN- Loading and unloading of commodities in Iran’s southeastern port of Chabahar during the first two months of current Iranian calendar year (March 21-May 21) rose 30 percent compared to the same period of time in the past year, IRIB reported quot...
May 28, 2019

Iran’s 4-month crude steel output up 6% yr/yr: WSA

TEHRAN- Production of crude steel in Iran stood at 8.388 million tons during the first four months of 2019, indicating six percent rise from 7.917 million tons in the same period of time in 2018, according to the latest data released by the World Steel...
May 28, 2019

Iran to hold 3 specialized exhibitions in Iraq by June 21

TEHRAN – Three specialized Iranian exhibitions are due to be held in Iraq during the current Iranian month of Khordad (May 22-June 21), the portal of Trade Promotion Organization (TPO) reported quoting the Iranian commercial attaché to Iraq.
May 28, 2019

Rouhani invited to attend GECF meeting in Equatorial Guinea

TEHRAN – Equatorial Guinea (EG) president has officially invited his Iranian counterpart President Hassan Rouhani to attend the 5th meeting of the Gas Exporting Countries Forum (GECF), Shana reported.
May 28, 2019

Capital market optimistic about integrated forex market

TEHRAN- Iranian capital market’s experts are optimist about launching the integrated forex market, as this market promotes the performance of domestic industries which will lead to positive performance of the capital market, IRNA reported on Tuesday qu...
May 27, 2019

Tehran to host intl. railway exhibition in early-June

TEHRAN- Over 170 Iranian and foreign companies from Russia, Turkey, China, Italy, and Latvia are to take part in Iran’s 7th International Exhibition of Rail Transportation, Related Industries and Equipment, dubbed RAILEXPO 2019, IRIB reported on Sunday.
May 27, 2019

NIDC completes digging operation of 7 oil, gas wells in 2 months

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 7 oil and gas wells during the two-month period from March 21 to May 21, according to an official with the NIDC.
May 27, 2019

‘EGFI to sign co-op MOUs with foreign partners soon’

TEHRAN – Head of Export Guarantee Fund of Iran (EGFI) said EGFI is due to sign memorandums of understanding (MOU) for cooperation with some foreign partners in near future, IRIB reported on Sunday.
May 27, 2019

China is Trump’s “safety valve” in disrupted oil market

In the past few weeks the oil market has been witnessing great volatility, as the quivers of the U.S.-China trade war once again hit the fragile market.
May 27, 2019

Uzbekistan eager for expansion of trade ties with Iran: envoy

TEHRAN - Uzbekistan Ambassador to Tehran Bakhodir Abdullaev said his country is eager for expansion of mutual economic ties with Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
May 27, 2019

Iran, India launch new direct shipping route

TEHRAN –Iran and India launched their third direct shipping route to connect Iran’s port city of Qeshm to the Indian port of Kandla, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Sunday.
May 27, 2019

No blackout if people cooperate, Iran’s energy minister says

TEHRAN – Iranian Energy Minister Reza Ardakanian said we could manage to pass through the summer peak period without any power outages if people manage their consumption, Tasnim reported on Monday.
May 25, 2019

Producers to be more supported, encouraged

The current Iranian calendar year of 1398 is named as the year of "Pickup in Production" by Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei.
May 25, 2019

NIMA will not be omitted: CBI governor

TEHRAN- Central Bank of Iran (CBI)’s governor dismissed the news that the domestic Forex Management Integrated System (locally known as NIMA) would stop activity, IRIB reported.
May 25, 2019

TEDPIX rises 20% in 2 months

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) has increased 36,509 points or 20.4 percent to 215,169 during the first two months of current Iranian calendar year (March 21-June 21), IRIB reported.
May 25, 2019

Issuance of industrial unit establishment permits rises 16% in a year

TEHRAN- Issuance of permits for setting up industrial units in Iran increased 16 percent in the past Iranian calendar year (ended on March 20, 2019), IRNA reported citing the data released by the Ministry of Industry, Mining and Trade.
May 25, 2019

Monthly aluminum ingot output at over 20,000 tons

TEHRAN- Iran produced 20,400 tons of aluminum ingots during the first month of current Iranian calendar year (March 21-April 21), IRNA reported on Saturday.