May 6, 2019

2,200 industrial units to back online by Mar. 2020: industry min.

TEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani said 2,200 industrial units will come back to the production cycle by the end of current Iranian calendar year (March 19, 2020), IRNA reported.
May 6, 2019

Brazil seeks to import petrochemicals from Iran: envoy

TEHRAN- Brazil wants to import petrochemical products from Iran as the cost of producing these products is high in the Latin American country, Brazilian Ambassador to Iran Rodrigo de Azeredo Santos stated.
May 6, 2019

Iran, Iraq hold meeting on Joint Trade Committee establishment

TEHRAN – Following the agreements on establishing an Iran-Iraq trade committee, officials from the two sides held a meeting to discuss the issue, the portal of Trade Promotion Organization (TPO) of Iran reported on Sunday.
May 6, 2019

Touraj Dehqani Zanganeh appointed new head of Iran Air

TEHRAN – Touraj Dehqani Zanganeh was appointed as the new managing director of Iran’s National Airline (Iran Air), IRNA reported.
May 6, 2019

India considering new bank to facilitate trade with Iran

TEHRAN - Indian Ambassador to Tehran Gaddam Dharmendra said India is considering a new bank besides UCO bank for undertaking trade with Iran, IRIB reported.
May 5, 2019

‘Iran completely self-sufficient in constructing power plants’

TEHRAN – Iran is completely self-sufficient in constructing any types of power plants, IRIB reported on Sunday, quoting MAPNA Group’s managing director.
May 5, 2019

Iran’s offshore oil production steady: IOOC

TEHRAN – The managing director of Iranian Offshore Oil Company (IOOC) said the country’s offshore oil production hasn’t experienced any reduction and some of the May cargoes have been loaded to be shipped, Bloomberg reported.
May 5, 2019

Persian Gulf Star Refinery’s capacity to reach 540,000 bpd

TEHRAN - Daily processing capacity of Iran’s Persian Gulf Star Refinery is going to reach 540,000 barrels per day (bpd) by the end of the current Iranian calendar year (March 20, 2020), according to the managing director of the refinery.
May 5, 2019

Tehran, Damascus willing to expand customs, trade co-op

TEHRAN- In a meeting between Mehdi Mir-Ashrafi, the head of Islamic Republic of Iran Customs Administration (IRICA), and Samer al-Debes, the Chairman of Chamber of Industry of Damascus and its Countryside, the two sides expressed eagerness for the expa...
May 5, 2019

Iran all set to sell oil in a ‘gray market’

TEHRAN – Iran is mobilizing all its resources to sell its oil in a gray market, countering unjust and illegitimate U.S. sanctions, IRNA quoted Deputy Oil Minister Amir-Hossein Zamaninia as saying on Sunday.
May 5, 2019

Tehran to host intl. stationary, engineering expo in early July

TEHRAN – The sixth edition of Iran’s International Exhibition of Stationary and Engineering is due to be held during July 2-5 at Tehran’s Shahre Aftab International Exhibition Center, IRIB reported.
May 5, 2019

Iran Oil Show 2019: ‘Iran not alone in oil market’

TEHRAN - European exhibitors participating in the 24th International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2019) believe that the recent U.S. pressures for isolating Iran’s economy wouldn’t stop them from trying to find...
May 4, 2019

Digging operation of South Azadegan oilfield’s 10 new wells begins

TEHRAN- Digging operation of ten new wells of South Azadegan oilfield was started sooner than the schedule, the deputy managing director of National Iranian Drilling Company (NIDC) announced.
May 4, 2019

Mega export projects on agenda for identifying target markets

TEHRAN- Iran plans to launch 15 mega export projects to identify more target markets, the acting head of Trade Promotion Organization (TPO) announced on Saturday.
May 4, 2019

U.S. not successful in zeroing Iranian oil exports: Reuters

TEHRAN – Although Iranian oil exports are expected to fall in May but the United States has not been successful in driving Iranian oil exports to Zero, Reuters reported, citing industry sources.
May 4, 2019

Iran has 3rd largest GOR among region’s oil exporters: IMF

TEHRAN - The International Monetary Fund (IMF) in its latest Regional Economic Outlook titled “Regional Economic Outlook: Middle East, North Africa and Central Asia” puts Iran’s Gross Official Reserves (GOR) at $108.3 billion for 2018, marking it the t...
May 3, 2019

Significant annual jump for minerals production, exports

Iranian mining sector witnessed some prominent growth both in production and export during the past Iranian calendar year (ended on March 20, 2019).
May 3, 2019

CBI drafts plans for shielding economy against sanctions

TEHRAN - Central Bank of Iran (CBI) Governor Abdolnaser Hemmati announced on Friday some of CBI plans for neutralizing or relieving the impact of U.S. sanctions on the country’s economy, IRNA reported.
May 3, 2019

Iran’s petrochemical industry unsanctionable: NPC head

TEHRAN – The managing director of Iran’s National Petrochemical Company (NPC) said petrochemical industry is not like oil industry and it is practically unsanctionable.
May 3, 2019

No oil leak, no injury by break-down Iranian oil tanker in Red Sea

TEHRAN- An Iranian oil tanker carrying over one million barrels of oil suffered a malfunction in the Red Sea off the coast of Saudi Arabia.