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  • Iran-Spain Today 19:46

    First Iran-Spain joint oil, gas task force due in early-May

    TEHRAN – Iran and Spain are due to establish their first ever oil and gas task force on the sidelines of the 23rd Iran International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2018) on May 7.

  • LPG Today 19:43

    Iran seeking new LPG customers

    TEHRAN- Iran is seeking new target markets for the export of its liquefied petroleum gas (LPG), according to Iranian Gas Commercial Company (IGCC) Managing Director Mohammad-Ali Barati.

  • Riyal Curreccy Today 19:37

    By Mahnaz Abdi

    Tehran, Ankara moving to dump dollar in trade

    Iran’s financial system has intensified its efforts to establish ties with a number of countries based on the national currencies, as the U.S. sanctions against the country have complicated transactions in dollars.

  • Dollar 2018-04-18 18:36

    Iran replaces dollar with euro in financial reporting

    TEHRAN- The Iranian cabinet on Wednesday ordered all state-run organizations and companies to replace U.S. dollar with euro in reporting their financial statements, IRNA reported.

  • International Monetary Fund (IMF) 2018-04-18 18:35

    IMF sees Iran’s GDP growth at 4% in 2018

    TEHRAN - The International Monetary Fund (IMF) in its latest World Economic Outlook titled “Cyclical Upswing, Structural Change” predicted a four-percent real gross domestic product (GDP) growth for Iran in 2018, down 0.3 percent from 4.3 percent in 2017.

  • Rastad 2018-04-18 18:34

    By Mahnaz Abdi

    PMO to reduce port, maritime tariffs noticeably in current year

    TEHRAN- Iran’s Ports and Maritime Organization (PMO) will reduce tariffs on maritime and port activities significantly in the current Iranian calendar year (begins on March 21), the organization’s managing director, Mohammad Rastad, announced in a press conference on Wednesday.

  • Mining sector exports 2018-04-17 20:20

    Mining sector exports $9b in a year

    TEHRAN- Iranian Deputy Industry Minister Mehdi Karbasian announced that during the past Iranian calendar Year 1396 (ended March 20, 2018) exports of domestic mining sector stood at $9 billion, IRNA reported.

  • Industrial-permits 2018-04-17 20:13

    Noticeable rise in establishment, exploration, operation permits issuance

    TEHRAN – The number of establishment, exploration and operation permits issued during the last Iranian calendar year (March 2017- March 2018) increased significantly compared to its preceding year, the Iranian Ministry of Industry, Mining and Trade’s news portal (Shata) reported on Monday.

  •  freeways 2018-04-16 21:29

    1,100 kilometers of freeways inaugurated in a year

    TEHRAN- About 1,100 kilometers of freeways were inaugurated in Iran during the pat Iranian calendar year (ended on March 20), according to Kheirollah Khademi, the managing director of Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC).

  • Iran, Austria 2018-04-16 21:28

    Expansion of rail transport co-op stressed by Iran, Austria

    TEHRAN – A 10-member Austrian trade delegation visited Tran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) on Sunday to discuss expansion of cooperation between the two countries in rail transport, TCCIMA portal reported.

  • Zarif 2018-04-16 20:09

    Zarif embarks for Dushanbe to attend ECO ministerial meeting

    TEHRAN- Iranian Foreign Minister Mohammad Javad Zarif left Tehran for Tajikistan on Monday to take part in the Economic Cooperation Organization (ECO) 23rd meeting of Council of Ministers (COM) in the Tajik capital of Dushanbe the next day, IRNA reported.

  • بازار دلار 2018-04-15 21:01

    By Mehrnoosh Aryanpour

    Dollars for…donuts: when the craze for FX simply gets out of control

    The other week’s slide in the rial to a new record low, posted as 56,800 per dollar, according to the Financial Tribune last week, shows just how maniacal the market’s thirst for hard currency has become. But instead of following the herd and asking, “where can I get some dollars to hoard?”, the better questions to ask are instead:

  • Non-oil Exports 2018-04-15 20:56

    Iran’s annual non-oil exports anticipated to hit $55b by Mar. 2019

    TEHRAN- Iranian deputy industry, mining and trade minister predicted that the country’s annual exports of non-oil products will reach $55 billion in the current Iranian calendar year (ends on March 20, 2019), ISNA reported on Sunday.

  • South Pars 2018-04-15 20:50

    Platforms of SP remaining phases to be completed by next March.

    TEHRAN- Building the platforms of the remaining phases of Iran’s South Pars gas field, except for phase 11, will be completed by the end of current Iranian calendar year (March 20, 2019), according to the managing director of Pars Oil and Gas Company (POGC), which is in charge of developing the field.

  • Iran, Azerbaijan 2018-04-14 20:20

    Iran, Azerbaijan ink MOU to exchange electricity

    TEHRAN - Iran and Azerbaijan signed a memorandum of understanding on Thursday based on which Iran will import 180 megawatts (MW) electricity from Azerbaijan during summer (starting from June 1).

  • PKN Orlen 2018-04-14 20:03

    Poland’s biggest refinery joins Iranian crude oil buyers

    TEHRAN – Following Lotos, Poland’s biggest oil refiner PKN Orlen has joined the buyers of Iranian crude oil, receiving a 130,000-ton shipment of Iranian crude at the Baltic seaport of Gdansk, Reuters reported.

  • Iran’s oil output 2018-04-14 20:03

    Iran’s oil output up 3,300 bpd in March: OPEC

    TEHRAN- According to OPEC’s latest monthly report published on April 13, Iran’s oil production, based on secondary sources, stood at 3.814 million barrels per day (bpd) in March, up 3,300 bpd from that of February.

  • Lukoil 2018-04-11 19:41

    Russia's Lukoil expected to sign deals in Iran within 3-4 months

    TEHRAN - Russia's oil-producing giant, Lukoil is expected to sign contracts in Iran within the next 3-4 months to develop two Iranian oil fields, Sputnik reported on Wednesday quoting the company’s chief executive.

  •  oil industry 2018-04-11 19:40

    By: Ebrahim Fallahi

    Iranian oil industry’s achievements in past year

    TEHRAN – The Iranian oil industry witnessed several turning points passing through the previous Iranian calendar year (which ended on March 20), stabilization of the country’s oil output in the range of 4 million barrels per day (bpd), exporting a record 2.6 million barrels of oil and gas condensate per day, and reaching a record high in production from joint fields of South Pars and West Karoun, are among the most important developments in the oil industry during the past year.

  • Zanganeh 2018-04-11 19:39

    Issues with India over Farzad B gas field resolved: Zanganeh

    TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Iran and India have resolved issues regarding Iran’s Farzad B gas field, IRNA reported.

  • Nobakht 2018-04-10 19:43

    Government’s income at $39.8b in a year

    TEHRAN- Iranian government spokesman Mohammad Baqer Nobakht put the government’s income at 1.675 quadrillion rials (about $39.88 billion) in the past Iranian calendar year.

  •  Iran, Qatar 2018-04-10 19:42

    Port, maritime co-op discussed between Iran, Qatar

    TEHRAN- In a meeting in Tehran on Monday, Iran’s Ports and Maritime Organization (PMO) Head Mohammad Rastad and Qatar Ports Management Company CEO Abdulla Al-Khanji explored the possible areas for cooperation between the two countries’ port and maritime sectors.

  • NITC’s fleet 2018-04-10 19:34

    NITC’s fleet renovation to continue

    TEHRAN- National Iranian Tanker Company (NITC)has demolished four of its oil tankers in the past Iranian calendar year (ended on March 20) in line with renovating its fleet, Shana news agency quoted Nasrollah Sardashti, the company’s managing director, as saying on Tuesday.

  • Czech 2018-04-09 20:52

    Iran-Czech business forum due in late Apr.

    TEHRAN- Iran-Czech business forum will be held on April 24 at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), the portal of ICCIMA reported on Monday.

  • Gasoline 2018-04-09 20:48

    Daily gasoline output to increase 12m liters in 4 months

    TEHRAN- Gasoline production in Iran will increase 12 million liters within the next four months, Oil Minister Bijan Namdar Zanganeh announced on Monday.

  • Achilbay Ramatov 2018-04-09 20:47

    Uzbekistan poised to boost commercial ties with Iran

    TEHRAN- Uzbek First Deputy Prime Minister Achilbay Ramatov announced his country’s readiness on Monday for boosting commercial ties with Iran, IRNA reported.

  • mining projects 2018-04-08 21:20

    $1.5b of new mining projects to be inaugurated in a year

    TEHRAN- Iranian Deputy Industry Minister Mehdi Karbasian announced that $1.5 billion of new mining and related industries projects will be inaugurated by the current Iranian yearend (March 20, 2019).

  • Iran-Brazil business forum 2018-04-08 21:16

    Zarif to attend Iran-Brazil business forum

    TEHRAN- Iran’s Foreign Minister Mohammad Javad Zarif, who began his visits to several African and South American countries at the head of a politico-economic delegation on Sunday, will attend Iran-Brazil business forum on Tuesday, IRNA reported.

  • foreign currency 2018-04-08 21:08

    By Haniyeh Sadat Jafariyeh

    Foreign currency jump rears ugly head in domestic production, exports

    The new Iranian year, which began on March 21, has been named by Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei as the year of “Support for Iranian Products”. In general, supporting national products is expected to improve the level of Iran’s exports, however, regarding the current conditions at domestic foreign exchange market, puts the idea under some disputations.

  • SME 2018-04-07 20:06

    Annual exports of SMEs at $2.3b

    TEHRAN- A top official from Iran Small Industries and Industrial Parks Organization (ISIPO) announced that domestic small and medium-sized enterprises (SME) could export 2.3 billion of goods during the previous Iranian calendar year 1396 (ended March 20, 2018), IRNA reported on Saturday.