May 21, 2019

Development projects worth $1b inaugurated

TEHRAN- Iranian President Hassan Rouhani launched and inaugurated some development, service, and infrastructure projects worth 44.65 trillion rials (about $1.063 billion) in West Azarbaijan Province.
May 21, 2019

Iran, Russia discuss holding 15th Joint Economic Committee meeting

TEHRAN – Iranian Energy Minister Reza Ardakanian and his Russian counterpart Alexander Novak discussed issues pertain to the two countries 15th Joint Economic Committee meeting over phone, IRIB reported on Tuesday.
May 21, 2019

‘All necessary measures taken to launch organized forex market’

TEHRAN- Iranian finance and economic affairs minister announced that all necessary measures have been taken for launching an organized forex market, IRNA reported.
May 21, 2019

Chabahar exemption from sanctions really contributory for Afghan, Indian economies?

Despite what it appears at first glance, the U.S. is not going to help the people of Afghanistan through what is called “Chabahar Port’s exemption from sanctions”, but it in fact increases the transit costs of their commodities by imposing sanctions on...
May 21, 2019

Offering oil at IRENEX to continue: Zanganeh

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said National Iranian Oil Company (NIOC) will continue the process of offering crude oil at Iran Energy Exchange (IRENEX), IRIB reported.
May 21, 2019

Iran, Czech Republic ink MOU on industrial co-op

TEHRAN – Iran’s Industrial Development and Renovation Organization (IDRO) and the Czech Republic’s ministry of industry and trade signed a memorandum of understanding (MOU) on industrial cooperation between the two countries.
May 20, 2019

Fishery output anticipated to reach 455,000 tons by March 2020

TEHRAN- Iran’s annual fishery output is anticipated to reach 455,000 tons in the current Iranian calendar year (ends on March 19, 2020), according to a deputy at Iran’s Fishery Organization.
May 20, 2019

CBI issues directive on re-injection of export income

TEHRAN – Central Bank of Iran (CBI) has unveiled a directive package which provides the country’s exporters with guidelines about how they should re-inject their foreign currency incomes into the country’s economy, Tasnim news agency reported on Monday...
May 20, 2019

Iranian trade delegation to visit Austria in June

TEHRAN- Iran-Austria Joint Chamber of Commerce is going to dispatch a trade delegation to Austria in June, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
May 20, 2019

‘Foreign investors still interested in Iran’s petchem industry’

TEHRAN - Iranian National Petrochemical Company (NPC)’s director for investment said despite U.S. pressures, foreign investors are still eager for participation in Iran’s lucrative petrochemical industry, IRIB reported.
May 20, 2019

4 South Pars platforms go through overhaul operations

TEHRAN – Platforms of phases 4 and 5 as well as 10 and 16 of the South Pars gas field (which Iran shares with Qatar in the Persian Gulf) have gone through overhaul operation successfully, Shana reported on Sunday.
May 19, 2019

RIPI to produce a wide range of downstream catalysts

TEHRAN- Iran’s Research Institute of Petroleum Industry (RIPI) has it on the agenda to produce various types of catalysts used in the oil industry’s downstream operations, Shana reported quoting an official with the institute.
May 19, 2019

NPC calls for accelerating completion of prioritized projects

TEHRAN - The managing director of Iran’s National Petrochemical Company (NPC) has stressed the need for accelerating the completion process of prioritized petrochemical projects across the country, Shana reported.
May 19, 2019

Azar oil field’s total output reaches 20,000 million barrels

TEHRAN – Cumulative oil extraction from Azar oilfield has reached 20 million barrels since it began operation in March 2017, IRNA reported on Sunday.
May 19, 2019

TPO to hold 1st meeting of Iran-neighbors joint economic committees

TEHRAN- Iran’s Trade Promotion Organization (TPO) will hold the first meeting of the chairmen of the country’s joint economic committees with its neighboring countries on Monday, Mohammadreza Modoudi, the acting head of TPO, announced.
May 19, 2019

Turkey wants removal of barriers in trade with Iran: Turkish envoy

TEHRAN- Turkish ambassador to Iran said his country wants the barriers in the way of trade with Iran to be removed, IRNA reported.
May 19, 2019

Iran calls for exploiting private sectors’ capacities in trade with Czech Republic

TEHRAN - Mohammadreza Modoudi, the acting head of Iran’s Trade Promotion Organization (TPO), called for using the potentials of the Iranian and Czech private companies for expanding mutual trade, the portal of TPO reported.
May 19, 2019

Oil loadings from Iranian ports ongoing as before: PMO

TEHRAN – Deputy director of Iran’s Ports and Maritime Organization (PMO) said crude oil loadings and exports from the country’s ports has not been halted and the exports are ongoing just like before, ILNA reported on Saturday.
May 19, 2019

Over $3b allocated to supply basic goods in 2 months

TEHRAN – Iranian Finance and Economic Affairs Minister Farhad Dejpasand said the government has allocated over $3 billion for importing basic goods since the beginning of the current Iranian calendar year (March 21), IRIB reported.
May 19, 2019

Iraq “has Contingency Plans” for Iranian Gas

By John Lee. Oil Minister Thamer Ghadhban (pictured) has reportedly said on Thursday that Iraq has contingency plans in place to cope with any stoppage of Iranian gas imports. His comments come as the US increases sanctions pressure on Iran. According to Reuters, Ghadhban added that he hopes no such disruption will take place. (Source: […]