May 25, 2019

Italy eager for co-op with Iranian auto part makers

TEHRAN – Auto part makers from Italy have expressed readiness for cooperation with their Iranian counterparts, Mehr news agency reported on Friday.
May 25, 2019

Afghanistan’s oil ministry denies rumors of stopping oil imports from Iran

TEHRAN - Afghanistan ministry of oil and gas rejected reports claiming that the country has stopped crude imports from Iran, Fars news agency (FNA) reported.
May 25, 2019

Iran’s petchem feedstock supply capacity to rise 15m tons

TEHRAN – Iranian petrochemical industry’s feedstock capacity is going to increase by 15 million tons, Shana reported quoting the head of National Petrochemical Company (NPC).
May 24, 2019

CBI’s new directive on re-injection of export income requires amendment

Central Bank of Iran (CBI) unveiled a directive package on Monday which provides the country’s exporters with guidelines about how they should re-inject their foreign currency incomes into the country’s economy.
May 24, 2019

Inflation rate at 34.2%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on May 21, which marks the end of the second Iranian calendar month of Ordibehesht, stood at 34.2 percent, IRIB reported.
May 24, 2019

Iran, Russia explore ways of expanding railway co-op

TEHRAN - Saeed Rasouli, the head of Islamic Republic of Iran Railways (known as RAI), met with Russian Railways (RZD) Vice President Alexander Misharin in Tehran to discuss ways of expanding cooperation, the RAI website reported.
May 24, 2019

Iran’s 4-month non-oil exports to China stands at $6b

TEHRAN- Iran’s value of non-oil exports to China reached $6 billion in the first four months of 2019, down 20 percent compared to the same period last year, Tasnim reported on Friday, citing the Chinese customs data.
May 24, 2019

NIOC to offer 2m barrels of heavy crude at IRENEX in late May

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at the base price of $64.23 at the international ring of Iran Energy Exchange (IRENEX) on May 28, Shana reported.
May 24, 2019

U.S. grants Iraq waiver to continue importing energy from Iran

TEHRAN – U.S. has granted Iraq waiver to continue buying gas and electricity from Iran until the end of June, Press TV reported, quoting Joey Hood, chargé d’affaires of the U.S. Mission in Iraq, as saying on Wednesday. “Iraq has an exemption from the...
May 24, 2019

From Bazaar to Bourse

On 20th May 2019, the Shana news agency reported that NIOC on the instructions of the Ministry of Petroleum will undertake, pursuant to the current Iranian year budget law, a sales programme of six million barrels per month of Iranian Light and Heavy C...
May 22, 2019

‘Near $13b paid for development projects in a year’

TEHRAN - Head of Iran Planning and Budget Organization (PBO) Mohammad Baqer Nobakht said the government paid 543.99 trillion rials (about $12.952 billion) for the country’s development projects in the past Iranian calendar year (ended on March 20, 2019...
May 22, 2019

‘Integrated forex market to be launched in a month’

TEHRAN- The chairman of the Economic Committee of Majlis announced that an integrated forex market will be launched in the country by the end of current Iranian calendar month of Khordad (June 21), IRNA reported.
May 22, 2019

TEDPIX gains 10,700 points in a month

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) increased 10,700 points or 5.24 percent to 215,092 during the past Iranian calendar month of Ordibehesht (April 21-May 21), Tasnim news agency reported on Wednesday.
May 22, 2019

10th round of oil offering at IRENEX ends with no sales

TEHRAN – The 10th round of National Iranian Oil Company (NIOC)’s light crude oil offerings at Iran Energy Exchange (IRENEX) ended on Tuesday with no sales, ILNA reported.
May 22, 2019

Annual exports from Hormozgan Province at $16.5b

TEHRAN- Commodities worth $16.5 billion were exported from Hormozgan Province in south of Iran during the past Iranian calendar year (ended on March 20, 2019), head of the province’s Industry, Mining and Trade Department announced.
May 22, 2019

119 gas supply projects inaugurated, commissioned by Rouhani

TEHRAN – Following the visit of Iranian President Hassan Rouhani to West Azarbaijan Province, 119 gas supply projects worth about $14.8 million were started or inaugurated across the province, Shana reported on Wednesday.
May 22, 2019

Mining sector in Iran needs €18b investment: IMIDRO

TEHRAN – The head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said the country’s mining sector currently requires 18 billion euros of investment, IRNA reported.
May 21, 2019

Over $10m allocated for water, wastewater study projects in Tehran

TEHRAN – Iranian energy ministry has allocated 432 billion rials (about $10.07 million) for conducting water and wastewater study projects in the capital city of Tehran, IRIB reported citing the portal of energy ministry.
May 21, 2019

Iran electricity issue: should we expect blackouts again?

In the past decade, constant temperature rising and significant decrease of rainfalls across Iran has put the country in a hard situation regarding electricity supply during peak consumption periods,
May 21, 2019

IRICA to clear basic goods in less than 1 hour: official

TEHRAN - Deputy Director of the Islamic Republic of Iran Customs Administration (IRICA) said following a directive by President Hassan Rouhani, IRICA is providing new facilities for importers of basic goods which makes them able to clear their commodit...