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  • Armenia Yesterday 16:00

    Trade co-op discussed between Iran, Armenia

    TEHRAN – Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafeie met with Armenian Economy Minister Vahan Kerobyan on Monday to discuss ways of removing barriers to the expansion of economic cooperation.

  • NISOC Yesterday 15:57

    NISOC inks research agreements with RIPI, Sharif University

    TEHRAN - National Iranian South Oil Company (NISOC) has signed agreements with the Sharif University of Technology and Research Institute of Petroleum Industry (RIPI) for developing scientific and technological cooperation.

  • pipeline Yesterday 14:08

    Over 70% progress achieved in Goreh-Jask pipeline project’s 1st phase

    TEHRAN- The progress of the first phase of Iran’s strategic Goreh-Jask oil pipeline project has surpassed 70 percent, the deputy director of the project in Petroleum Engineering and Development Company (PEDEC) stated.

  • vessel 2021-01-24 12:25

    Domestic company inks $33m deal with PMO to build 5 vessels

    TEHRAN – Iran’s Ports and Maritime Organization (PMO) has signed a deal worth 1.408 trillion rials (about $33.5 million) with a domestic company called SADRA Iran Marine Industrial Company (SIMIC), based on which SIMIC will build five small-scale vessels for PMO.

  • Iranian Industry, Mining, and Trade Minister Alireza Razm Hosseini (R) and Armenia’s Economy Minister Vahan Kerobyan in Tehran on Saturday 2021-01-24 11:46

    Iran, Armenia ink MOU on expansion of trade ties

    TEHRAN – Iran, and Armenia signed a memorandum of understanding (MOU) on Saturday for the expansion of trade ties between the two countries.

  • IPO 2021-01-24 10:42

    Qanbari appointed as new head of IPO

    TEHRAN- Hassan-Ali Qanbari was appointed as the new head of the Iranian Privatization Organization (IPO).

  • IME 2021-01-23 12:54

    IME monthly value of trades increases 7%

    TEHRAN- Over 2,893 tons of commodities worth nearly $1.5 billion have been traded at Iran Mercantile Exchange (IME) during the tenth Iranian calendar month of Dey (December 21, 2020-January 19, 2021).

  • torbati 2021-01-23 12:01

    'Iran’s gas industry nearly self-sufficient'

    TEHRAN - Head of National Iranian Gas Company (NIGC) said the country’s gas industry currently has almost no dependence on foreign sources for meeting its equipment needs, Shana reported.

  • SP 2021-01-23 11:57

    First train of SP phase 14 Refinery to be operational by late Mar.

    TEHRAN - The first train of the phase 14 Refinery of Iran’s South Pars complex is expected to go operational early next Iranian calendar year (begins on March 21), head of Pars Oil and Gas company (POGC) said.

  • Iran-Armenia 2021-01-22 15:07

    Tehran, Yerevan to ink MOU for boosting trade

    TEHRAN - Armenian Economy Minister Vahan Kerobyan arrived in Tehran on Friday to discuss the expansion of trade relations between the two countries.

  • production units 2021-01-22 14:54

    By Mahnaz Abdi

    Lack of liquidity a main hurdle for production units

    In early July last year, the Central Bank of Iran (CBI) instructed the country’s banking network the regulations on financing small and medium-sized enterprises (SMEs) with the aim of smoothing the path of national production and supporting enterprises in order to fulfill the slogan of the current Iranian calendar year (March 2020-March 2021), which is “Surge in Production”, through directing society's liquidity to productive sectors and financing domestic production units, as well as providing the required working capital for the enterprises.

  • oil show 2021-01-22 13:45

    Iran Oil Show running in Tehran

    TEHRAN - The 25th edition of Iran International Oil, Gas, Refining, and Petrochemical Exhibition (Iran Oil Show), which was previously postponed due to the coronavirus pandemic, kicked off at Tehran Permanent International Fairgrounds on Friday.

  • bidboland 2021-01-22 11:23

    Major gas refinery goes operational in southwestern Iran

    TEHRAN – President Hassan Rouhani, on Thursday, officially inaugurated Persian Gulf Bid Boland Gas Refinery in southwestern Khouzestan Province through videoconference.

  • chabahar 2021-01-20 15:48

    CFZO, IFO ink cooperation MOU to promote fishery industry

    TEHRAN - Iran Fisheries Organization (IFO) has signed a memorandum of understanding (MOU) with Chabahar Free Zone Organization (CFZO) to cooperate for promoting fishery activities in Chabahar port.

  • debt 2021-01-20 14:15

    Iran’s foreign debts nearly zero

    TEHRAN - Deputy minister of economic affairs and finance of Iran says the country’s foreign debts are currently very insignificant and nearly zeroed, Tasnim news agency reported on Wednesday.

  • hemmati 2021-01-20 12:26

    Iran urges S. Korea to compensate for 2-year delay in oil payments

    TEHRAN – The Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati has said that South Korean banks must compensate for the damages caused by the two years of delay in freeing Iran’s oil money.

  • russia 2021-01-20 11:25

    Iran, Russia hold webinar on expansion of industrial co-op

    TEHRAN – Iran and Russia’s industrial officials held an industrial-trade webinar on Tuesday for exploring the expansion of cooperation in this sector, especially in the auto industry and shipbuilding, IRNA reported.

  • free zones 2021-01-19 12:36

    Investment in free zones jumps 57%

    TEHRAN- The amount of investment attracted in Iran’s free zones has climbed 57 percent during the first nine months of the current Iranian calendar year (March 20-December 20, 2020), as compared to the corresponding period in the past year, according to Morteza Bank, the secretary of Iranian Free Zones High Council.

  • Ardakanian 2021-01-19 12:22

    Electricity projects worth over $57m put into operation

    TEHRAN – Iranian Energy Minister Reza Ardakanian, on Tuesday, inaugurated six electricity projects worth 2.4 trillion rials (about $57.14 million) in Kerman and Yazd provinces through video conference.

  • railway 2021-01-19 11:07

    Tehran, Baku ink MOU for expanding railway cooperation

    TEHRAN – Iran and Azerbaijan signed a memorandum of understanding (MOU) on Monday for the expansion of railway cooperation, IRIB reported.

  • Bid Boland Refinery 2021-01-19 10:57

    Rouhani to inaugurate Bid Boland Refinery on Thursday

    TEHRAN- President Hassan Rouhani will inaugurate Persian Gulf Bid Boland Gas Refinery through video conference on Thursday, the refinery’s managing director announced.

  • Azerbaijan 2021-01-18 15:31

    Iran, Azerbaijan ink economic co-op MOU

    TEHRAN- The 14th meeting of Iran-Azerbaijan Joint Economic Committee was held on Monday at the place of the Iranian Ministry of Finance and Economic Affairs in Tehran, IRIB reported.

  • CBI 2021-01-18 12:39

    Iran blames EU on INSTEX ineffectiveness

    TEHRAN - Central Bank of Iran (CBI), in response to Germany’s blaming Iran for the ineffectiveness of EU trade channel with the Islamic Republic called INSTEX, said Europeans’ lack of courage is the main cause behind the failure of this financial channel.

  • EAEU 2021-01-18 11:43

    Iranian exports to Eurasia up 30% in 12 months

    TEHRAN – The value of the Iranian exports to the members of the Eurasian Economic Union (EAEU) rose by 30 percent during the 12-month period from October 27, 2019, to October 26, 2020, compared to the preceding 12 months, the Trade Promotion Organization (TPO) of Iran said in a report.

  • facilities 2021-01-18 10:49

    Over $1.7b in loans paid to SMEs, semi-finished projects in 9 months

    TEHRAN- Over 73.93 trillion rials (about $1.76 billion) in loans has been paid for financing the small and medium-sized enterprises (SMEs) and semi-finished projects with the progress of over 60 percent during the first nine months of the current Iranian calendar year (March 20-December 20, 2020), according to the data released by the Industry, Mining and Trade Ministry.

  • chabahar 2021-01-17 14:56

    1st shipment of Indian equipment arrives in Chabahar port

    TEHRAN – The first consignment of Indian equipment for the development of port activities at Iran’s Chabahar port worth $8.5 million has arrived in the southeastern port, the director-general of Sistan-Baluchestan Province’s Ports and Maritime Department announced.

  • NISOC 2021-01-17 14:37

    Iran ready to raise oil output to pre-sanction level

    TEHRAN - Managing director of National Iranian South Oil Company (NISOC) said on Sunday that Iran is ready to rapidly increase its oil production back to the pre-sanction levels, IRNA reported.

  • SP 2021-01-17 12:00

    By Ebrahim Fallahi

    Giant South Pars field secures Iran’s gas supply in winter

    TEHRAN – Steady production from Iran’s giant South Pars gas field, which the country shares with Qatar in the Persian Gulf, has ensured uninterrupted and sustainable supply of natural gas across the country during the cold season.

  • steel products 2021-01-17 11:03

    Steel products output increases 9.5%

    TEHRAN- Production of steel products in Iran has risen 9.5 percent during the first nine months of the current Iranian calendar year (March 20-December 20, 2020), as compared with the corresponding period in the past year, according to the data released by the Industry, Mining and Trade Ministry.

  • Jask oil 2021-01-15 11:12

    Jask oil terminal’s offshore development to begin soon

    TEHRAN- The offshore development of Jask oil terminal will be started in a couple of days, the deputy managing director of National Iranian Oil Company (NIOC) for engineering and development affairs told IRNA on Friday.