Today News
  • petchem Yesterday 15:11

    Petrochemical sector stays on track despite conflict, eyes annual targets

    TEHRAN – Iran’s petrochemical industry remains committed to achieving its development goals for the current year, despite disruptions caused by a 12-day conflict triggered by Israeli airstrikes, a senior official said.

  • south azadegan Yesterday 15:00

    Iran boosts oil output by 38,000 bpd at South Azadegan field

    TEHRAN – Iran has increased crude oil production by 38,000 barrels per day (bpd) at its South Azadegan oilfield over the past 10 months, following the successful drilling and completion of 17 wells, the head of Petropars, the company developing the field, said.

  • renewables Yesterday 14:55

    Tehran to launch capital’s largest solar power plant amid national renewables push

    TEHRAN – Iran’s largest solar power plant located in central Tehran is nearing completion and will soon come online as part of a sweeping national push to expand renewable energy, a senior official said.

  • oil 2025-07-16 17:16

    Iran’s heavy crude price rises 9.2% in June: OPEC

    TEHRAN – The price of Iran’s heavy crude oil climbed by $5.88, or 9.2 percent, in June compared to May, reaching $69.13 per barrel, according to OPEC’s latest monthly report.

  • thermal 2025-07-16 14:48

    Thermal power capacity in Iran surpasses 77,000 MW

    TEHRAN – Iran's thermal power generation capacity has exceeded 77,000 megawatts following the addition of new units to the national electricity grid, according to a statement released on Tuesday by the Thermal Power Plant Holding Company (TPPH).

  • masrour 2025-07-16 13:23

    Govt. to launch international exchange as free zones signal interest in shareholding

    TEHRAN – Iranian government is in the final stages of launching its long-anticipated international exchange, with several free trade zones expressing readiness to become shareholders, according to Reza Masrour, Secretary of the Free Trade and Special Economic Zones High Council.

  • africa 2025-07-15 14:53

    Exports to Africa jump 85% in spring, trade surplus more than doubles

    TEHRAN – Iran’s exports to African countries rose 85 percent in the first quarter of the current Iranian year (March 21- June 21) compared to the same period last year, while its trade surplus with the continent surged by 113 percent, a senior official at Iran’s Trade Promotion Organization (TPO) said on Tuesday.

  • bank 2025-07-15 14:39

    Bank lending rises 43% in Q1, households receive quarter of total loans

    TEHRAN – Iran’s banking system issued 1.776 quadrillion rials (about $35.5 billion) in loans during the first quarter of the current Iranian year (March 21 – June 21), marking a 42.8 percent increase compared to the same period last year, according to data released by the Central Bank of Iran (CBI) on Tuesday.

  • ports 2025-07-15 14:20

    Iran’s ports handle 53m tons of cargo in Q1

    TEHRAN-Iran’s ports handled a total of 53 million tons of cargo during the first quarter of the current Iranian calendar year (March 21-June 21), according to a report published by the country’s Ports and Maritime Organization (PMO).

  • Iran-China 2025-07-14 15:41

    Iran an important partner in One Belt, One Road initiative: China Railway general manager

    TEHRAN- The general manager of China State Railway Group Company, known as China Railway (CR), considered Iran an important partner in the "One Belt, One Road" initiative and emphasized the need for coordination to stabilize prices and facilitate customs processes in the Southern Corridor.

  • copper cathode 2025-07-14 14:21

    Annual copper cathode production increases 1.7%

    TEHRAN- Production of copper cathode in Iran increased by 1.7 percent in the past Iranian calendar year 1403 (ended on March 20), Tasnim news agency reported.

  • solar farms 2025-07-14 14:02

    Solar power plants with capacity of 11.5 MW put into operation in Khorasan Razavi

    TEHRAN- Solar power plants with the capacity of 11.5 megawatts (MW) were put into operation in Khorasan Razavi province, in the northeast of Iran, on Monday morning.

  • renewables 2025-07-13 16:26

    Top economic council approves incentives for renewable energy expansion

    TEHRAN — Iran's Supreme Economic Coordination Council, chaired by President Masoud Pezeshkian, has approved new financial incentives to support the private sector's involvement in renewable energy development, particularly the purchase, production, and installation of solar panels.

  • mine 2025-07-13 16:19

    Nearly 600 mines revived in one year, hitting record high

    TEHRAN — Iran restored or expanded nearly 600 mines in the past Iranian calendar year (ended late March 2025), marking the highest annual performance since the launch of the country's small-scale mining revitalization program, the head of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) said on Sunday.

  • free zone 2025-07-13 16:00

    Iran plans fundamental change in free trade zones to boost trade, productivity

    TEHRAN — Iran is set to implement a major restructuring of its free trade zones in a bid to revive their role in regional commerce and national economic development, said Reza Masrour, secretary of the Free and Special Economic Zones High Council.

  • industry 2025-07-12 13:20

    Industry Ministry unveils production support package

    TEHRAN – The Iranian Ministry of Industry, Mining and Trade has unveiled a production support package focused on sustaining industrial output, particularly for sectors affected by the recent war. Deputy Minister of Mining and Mineral Industries Vajiollah Jafari, said the package has been designed around two key pillars, with special assistance allocated to units damaged by the conflict, including access to foreign currency and financial resources.

  • mining 2025-07-12 13:20

    IMIDRO sets $893m domestic production target for mining, mineral industries

    TEHRAN – Iran’s state-owned mining development agency, IMIDRO, has announced a target of $893.2 million in foreign currency savings through domestic production in the mining and mineral industries during the current Iranian year ending March 2026.

  • solar 2025-07-12 13:20

    Govt. eyes 3,000 MW renewable energy capacity by Mar. 2026

    TEHRAN – Iran's push to expand renewable energy capacity is gaining momentum, with Energy Minister Abbas Aliabadi unveiling a new 100-megawatt renewable energy project and expressing hope that total installed capacity will exceed 3,000 megawatts by the end of the current Iranian year (March 2026).

  • Iran-Turkey trade 2025-07-11 13:20

    Iran exports non-oil goods worth $937m to Turkey in a quarter

    TEHRAN- Iran exported non-oil commodities valued at $937 million to Turkey during the first quarter of the current Iranian calendar year (March 21-June 21), according to the head of the Islamic Republic of Iran Customs Administration (IRICA).

  • economy 2025-07-11 13:14

    CBI praised for ensuring economic security during 12-day conflict

    TEHRAN – A senior member of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said the rapid allocation of foreign currency for essential imports played a vital role in maintaining economic security during the recent 12-day conflict, praising the Central Bank of Iran (CBI)’s performance in stabilizing markets and preventing panic.

  • oil 2025-07-11 13:10

    Iran leads global oil output growth with 13% rise in 2024

    TEHRAN – Iran recorded the highest increase in crude oil production among all countries in 2024, boosting its daily output by 374,000 barrels, while top producers like Saudi Arabia and Russia saw significant declines, according to the latest OPEC statistics.

  • brics 2025-07-09 15:06

    Iran urges easier admission of new members to BRICS Development Bank

    TEHRAN – Iran’s Central Bank delegation at a BRICS finance summit in Brazil called for simplifying the admission process for new members to the New Development Bank (NDB), while emphasizing the bank’s role in financing infrastructure and sustainable development projects.

  • Iran-Pakistan trade 2025-07-09 14:47

    Iran exports non-oil products valued at $420m to Pakistan in a quarter

    TEHRAN- Iran exported non-oil commodities valued at $420 million to Pakistan during the first quarter of the current Iranian calendar year (March 21-June 21), according to the head of the Islamic Republic of Iran Customs Administration (IRICA).

  • paknejad 2025-07-09 14:39

    Iran warns energy producers must not be targeted, citing threat to global stability

    TEHRAN – Iran’s Oil Minister Mohsen Paknejad warned that military aggression against energy-producing nations violates international law and threatens global stability, urging a commitment to peace and cooperation to ensure secure and sustainable energy supply.

  • SP 2025-07-08 15:19

    Overhaul operations of 11 South Pars platforms completed

    TEHRAN - Pars Oil and Gas Company (POGC) has successfully completed major overhauls on 11 offshore platforms in the South Pars gas field, as operations continued without interruption during a recent 12-day regional conflict, according to the managing director of the company.

  • Iran-Iraq trade 2025-07-08 15:06

    Iran’s quarterly non-oil export to Iraq hits $1.905b

    TEHRAN- Iran exported non-oil commodities valued at $1.905 billion to Iraq during the first quarter of the current Iranian calendar year (March 21-June 21), according to the head of the Islamic Republic of Iran Customs Administration (IRICA).

  • oil 2025-07-08 14:48

    Iran ranks as OPEC’s second-largest oil refiner

    TEHRAN - Iran has become the second-largest oil refiner among OPEC member states, with a daily refining capacity of 2.237 million barrels — accounting for 16 percent of OPEC’s total and 2.1 percent of global refining capacity, according to the latest OPEC Annual Statistical Bulletin.

  • stock 2025-07-07 13:46

    SEO unveils new stabilization package amid market recovery

    TEHRAN — Iran’s Securities and Exchange Organization (SEO) is rolling out a revamped stabilization package aimed at improving liquidity and investor confidence following recent market volatility, the Tehran Stock Exchange (TSE) chief said on Monday.

  • mining 2025-07-07 13:21

    Iran to offer $360m in private mining investment packages by Mar. 2026

    TEHRAN — Iran will offer 30 mining investment packages worth a combined 180 trillion rials (approximately $360 million) to the private sector by the end of the current Iranian year (late March 2026), a senior official said on Monday.

  • gas 2025-07-07 13:21

    Iran exports nearly 9b cubic meters of natural gas in 2024

    TEHRAN — Iran exported nearly 9.0 billion cubic meters of natural gas in 2024, maintaining a steady presence in regional energy markets despite shifting global dynamics and a competitive export landscape, the Organization of the Petroleum Exporting Countries (OPEC) said.