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  • IME 2018-01-01 19:53

    By Mahnaz Abdi

    Guaranteed price for wheat to elevate agriculture

    Following the successful implementation of the plan for offering barley and corn in Iran Mercantile Exchange (IME) at guaranteed price instead of the guaranteed purchase of these grains by the government, which brought satisfaction for both farmers and the government, Iran carried out this plan also for wheat.

  • Morteza Bank 2018-01-01 19:52

    Majlis economic committee to study creating new free zones

    TEHRAN- The bill on establishment of eight new free trade-industrial zones and 12 new free economic zones will be discussed by Iranian parliament (Majlis)’s economic committee within the next two weeks, Morteza Bank, the secretary of Free Zones High Council, announced.

  • Iran Oman 2018-01-01 08:41

    Direct shipping route inaugurated between Iranian, Omani ports

    TEHRAN- A direct shipping route between Iran’s southwestern Khorramshahr Port and Oman’s northern Sohar Port was officially inaugurated as the first cargo vessel left Iran for Oman on Sunday.

  • non-oil-trade 2018-01-01 08:30

    Iran’s non-oil trade up 11% in 9 months yr/yr

    TEHRAN- The value of Iran’s non-oil trade with foreign partners reached $69.21 billion during the first nine months of the current Iranian calendar year (March 21- December 21), up $7.637 billion or about 11 percent from the same period last year.

  • Nobakht 2017-12-31 22:13

    830,000 jobs to be created by Mar.2019

    TEHRAN- Government spokesman Mohammad Baqer Nobakht announced that the government will create 830,000 job opportunities by the end of the next Iranian calendar year (March 20, 2019), IRIB news reported on Sunday.

  • market 2017-12-31 22:13

    By Haniyeh Sadat Jafariyeh

    Official statistical figures vs. Iranians’ economic conditions

    According to the latest report released by the Statistical Center of Iran (SCI), in the first half of the current fiscal year (March 21-September 22), the country’s economy grew by 5.6 percent, while the figure, without taking into account oil production, stood at 6 percent, compared to last year's corresponding period. The state-run body also put the inflation rate for the 12-month period ended on the last day of the ninth Iranian calendar month of Azar (December 21) at 8 percent, compared to the same period in the preceding year.

  • South Pars 2017-12-31 22:11

    SP platform 14A to be installed on Jan. 10

    TEHRAN- Platform 14A of Iran’s South Pars gas field (in the Persian Gulf) is projected to be installed on its designated offshore spot on January 20-22, according to the operator of South Pars phase 14 development plan.

  • Conglomerate output 2017-12-31 09:05

    Conglomerate output up 26% in 8 months on year

    TEHRAN – Iran’s conglomerate production increased by 26 percent in the first eight months of the current Iranian calendar year (March 21-November 21) compared to last year’s same time span, IRNA reported on Saturday.

  • light oil price 2017-12-31 08:57

    Iranian light oil price rises 13 cents in a week

    TEHRAN- Iran’s light crude oil price rose 13 cents in the week ended on December 22 to settle at $63.36 per barrel, Shana reported on Saturday.

  • annual steel output 2017-12-30 21:58

    Over $25b needed to reach 55mt annual steel output: minister

    TEHRAN – Iran’s Industry, Mining and Trade Minister Mohammad Shariatmadari said over $25.6 billion is needed to reach the country's 55 million-ton steel capacity envisaged in Iran’s 1404 (March 2025-March 2026) Outlook Plan.

  • ATR airplanes 2017-12-30 21:57

    Iran Air receives 2 ATR airplanes

    TEHRAN- Iran’s national flag-carrier Iran Air received two of its ordered twin-engine turboprop purchased from the European plane maker ATR on Saturday, IRNA reported.

  • صف های طولانی پمپ بنزین 2017-12-30 16:46

    By M.A. Saki

    Inexpert views

    These days there are plenty of unprofessional and populist remarks against a plan by the government to increase petrol and diesel prices for the next fiscal year, which starts on March 21, 2018.

  •  Abadan refinery 2017-12-30 08:42

    Sinopec Engineering inks $1.05b refinery upgrading deal in Iran

    TEHRAN – China’s Sinopec Engineering (Group) Co., signed a deal with National Iranian Oil Engineering and Construction Company (NIOEC) to contribute to engineering, procurement and construction of phase II of Abadan refinery upgrading project in Iran.

  • Mansouri oil field 2017-12-30 08:39

    Indonesia’s Pertamina eyeing Iran’s Mansouri oil field development

    TEHRAN - Indonesia's state-owned Pertamina is eyeing contribution to the development of Iran’s Mansouri oil field in April next year, Platts reported quoting the company’s Upstream Director Syamsu Alam.

  • Privatization 2017-12-30 08:38

    Bid to be held on Jan. 8 for divesting $452m of state-owned shares

    TERHRAN- Iranian Privatization Organization (IPO) is to transfer 19 trillion rials (about $452 million) worth of the state-run shares to the private sector on January 8, 2018, IRNA reported on Friday.

  • Iran ships 2017-12-30 07:55

    Iran ships over 1.36m bpd of oil to main Asian buyers in Nov., data shows

    TEHRAN – Iran’s top four Asian buyers - China, India, South Korea and Japan - imported 1.362 million barrels per day (bpd) of Iranian crude oil in November, government and ship-tracking data showed.

  •  rebar exports 2017-12-29 21:07

    Iran to increase rebar exports in 2018: sources

    TEHRAN- Thanks to decrease in domestic demand, Iranian rebar exports will increase in 2018, Platts quoted Iranian industry sources.

  • Jahangiri 2017-12-29 21:00

    First VP inaugurates major industrial projects

    TEHRAN- Iranian First Vice-President Es’haq Jahangiri inaugurated major industrial projects in the northeastern province of Khorasan Razavi on Thursday, Shata news agency reported.

  • Privatization 2017-12-29 20:58

    By Mahnaz Abdi

    Factors slowing down privatization in Iran

    The law on implementation of the general policies of the Article 44 of Iran's Constitution on privatizing state-owned companies was declared in 2006 in a bid to downsize the government and promote the private sector’s role in the national economy.

  • Iran-Turkmenistan 2017-12-28 07:39

    Turkmenistan to host exclusive expo of Iranian goods

    TEHRAN – The 14th exclusive exhibition of Iranian goods and services is due to be held in Turkmenistan’s capital Ashgabat on March 1-3, 2018, the portal of Trade Promotion Organization of Iran (TPO) reported.

  • NITC 2017-12-27 19:54

    Total, Shell lease out Iranian oil tankers

    TEHRAN- National Iranian Tanker Company (NITC) Managing Director Sirous Kianersi said that Total and Shell are among the international companies that have leased out Iranian oil tankers since the implementation of Joint Comprehensive Plan of Action (JCPOA) that lifted the sanctions against Iran in January 2016.

  • Rag-Sefid oilfield 2017-12-27 19:52

    Blaze put out at Rag-Sefid oilfield

    TEHRAN- Fire in the well No. 147 of Rag-Sefid offshore oilfield in Iran’s southwestern Khuzestan Province was put out at Tuesday’s night, Shana news agency reported.

  • gas vs electricity exports 2017-12-27 19:51

    By: Ebrahim Fallahi

    Natural gas vs. electricity exports: question of profitability

    Having abundant energy resources and a great number of power plants, Iran is one of the Middle East’s top energy suppliers which contributes to the region’s electricity supplements both directly through electricity exports and indirectly via exporting natural gas being used as feedstock for the destination countries’ power plants.

  • employment 2017-12-27 09:10

    Budget bill allocates $18b for job creation: spokesman

    TEHRAN – Government spokesman Mohammad Baqer Nobakht has said 750 trillion rials (over $18 billion) from the next year’s national budget is considered to be allocated for creating job opportunities in the country, IRNA reported.

  • Iran carpet exports 2017-12-27 09:08

    Exports of handmade carpets jump 31% in 8 months

    TEHRAN- Iran exported $270 million worth of hand-woven carpets during the first eight months of the current Iranian calendar year (March 21-November 21, 2017) registering a 31 percent rise compared to last year’s same period.

  • inflationa 2017-12-26 21:23

    Inflation rate stands at 10% in Iran: CBI

    TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate for the 12-month period ended on the last day of the ninth Iranian calendar month Azar (December 21) compared to the same period in the previous year hit 10 percent, IRIB news reported on Tuesday.

  • Iran-Russia 2017-12-26 21:23

    Russia’s Eximbank inks unlimited finance deal with Iran

    TEHRAN – Eximbank of Russia signed a deal on Tuesday with four Iranian banks in order to provide them with unlimited funds to implement projects in Iran.

  • car imports 2017-12-26 21:22

    By Mahnaz Abdi

    Government not determined on new car-import regulations

    In late June, the Iranian government shut down the online auto import registration system saying that the import regulations are being revised.

  • Iran-Qatar 2017-12-26 18:32

    Iran, Qatar to facilitate maritime trade

    TEHRAN – Iran and Qatar discussed ways of facilitating maritime trade and cooperating in ports and transport areas, IRIB news reported.

  • Rag-Sefid oilfield 2017-12-26 09:08

    By Mahnaz Abdi

    Rag-Sefid still burning despite killing operations

    A blowout occurs at Rag-Sefid offshore oilfield in Iran’s southwestern Khuzestan Province on October 29. The accident happened when drilling operation was ongoing in depth of 2,403 meters in the well No. 147 of the field. It burnt the drilling rig and killed two persons working for the National Iranian Drilling Company (NIDC).