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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.
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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.
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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.
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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.
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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.
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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).
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.