BY: Ebrahim Fallahi

Small-scale petchem plants, huge potentials for a brighter future

TEHRAN – Having the world's second largest gas reserves, Iran has a great potential for expansion of its petrochemical industry which is playing a great role in the country’s economy.

Preferential trade with Eurasia exceeds $194m in a month

TEHRAN - Head of Islamic Republic of Iran Customs Administration (IRICA) says the value of Iran’s preferential trade with Eurasian countries has reached $194.2 million since the trade agreement with the Eurasian Economic Union (EAEU) was implemented on October 27 up to the end of November.

Int. transportation exhibition to kick off in Tehran tomorrow

TEHRAN- The fourth edition of Iran’s International Exhibition of Transportation, Logistics and Related Industries will kick off at Tehran's Imam Khomeini Grand Prayer Campus (Mosalla) on Sunday, IRIB reported.

Caspian Sea oil exploration operations underway

TEHRAN – Managing Director of Khazar Exploration and Production Company (KEPCO), a subsidiary of National Iranian Oil Company which handles exploration operation in the Caspian Sea region in Northern Iran, said exploration operations are underway in the region.

IFX hits record high of 4,392 points

TEHRAN- IFX, the main index of Iran's over-the-counter (OTC) market known also as Iran Fara Bourse (IFB), hit a record high of 4,392 points in the past Iranian calendar week (ended on Friday), IRNA reported.

Iran, Uzbekistan stress all-out expansion of economic ties

TEHRAN – Iran, and Uzbekistan emphasized the expansion of relations in all economic areas during the two countries’ 13th Joint Economic Committee meeting in Tashkent on Thursday, the Iranian Industry Ministry’s news portal Shata reported.

3000MW to be added to Iran’s power generation capacity by March 2020

TEHRAN – Iranian Energy Minister Reza Ardakanian says the country’s power generation capacity is going to be increased by 3000 megawatts (MW) by the end of the current calendar year (March 19, 2020).

Exclusive exhibition of Iranian products opens in Tashkent

TEHRAN- An exclusive exhibition of Iranian products opened in Uzbekistan capital city Tashkent on Wednesday and will wrap up on Friday, Shata reported.

China strongly opposes U.S. unilateral sanctions against Iran: envoy

TEHRAN - Chinese Ambassador to Iran Chang Hua voiced his country’s strong opposition with the U.S.’s unjust and unilateral sanctions against Iran in a meeting with the Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Gholam-Hossein Shafeie.

Exports of Iranian SMEs at $1.5b in Mar.-Nov.

TEHRAN - Iranian small and medium-sized enterprises (SMEs) exported $1.5 billion worth of commodities in the first eight months of the current Iranian calendar year (March 21-November 23), IRNA reported, quoting an official with Iran Small Industries and Industrial Parks Organization (ISIPO).

Tehran, Tashkent explore expansion of trade ties

TEHRAN- During a meeting between Iran’s Trade Promotion Organization (TPO) Head Hamid Zadboum and Uzbekistan’s deputy minister of investment and foreign trade, the two sides discussed the ways for strengthening their bilateral trade, TPO portal reported on Tuesday.

TEDPIX surpasses record high of 340,000 points

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 4,813 points to stand at 340,605 on Tuesday, Mehr news agency reported.

ISIPO to revive 1400 idle production units by March 2020

TEHRAN – Iran Small Industries and Industrial Parks Organization (ISIPO) plans to revive 1400 idle production units by the end of the current Iranian calendar year (March 19, 2020), IRNA reported on Monday, quoting a deputy with ISIPO.

‘Iranian electricity industry expanding presence in region’

TERHAN – Iranian Energy Minister Reza Ardakanian said the country’s power industry is expanding its activities in the region’s markets, the portal of the Energy Ministry (Paven) reported.

Iran exports $27b of non-oil products in 8 months

TEHRAN- Iran exported $27 billion of non-oil commodities during the eight-month period from March 21 to November 23, IRIB reported on Tuesday citing the data released by Islamic Republic of Iran Customs Administration (IRICA).

Iran, Oman ink agreement to broaden maritime co-op

TEHRAN – Iran, and Oman signed a maritime cooperation agreement on Sunday aiming for boosting maritime transportation between the two countries, the portal of Iran’s Ports and Maritime Organization (PMO) reported.

Iran expects to sell 1m bpd of oil at $50 next year

TEHRAN – Head of Iran’s Planning and Budget Organization (PBO) said the oil revenues in budget bill for the next Iranian calendar year (starts on March 20, 2020) are estimated on the expectations of selling one million barrels per day (bpd) of oil at an average price of $50, ISNA reported.

Iran’s gas industry to be fully indigenized within 5 years

TEHRAN - Head of National Iranian Gas Company (NIGC) said his company is seriously pursuing a plan for indigenizing all the technology and equipment needed in the country’s gas industry within the next five years, IRIB reported on Monday.

FDI in Iran rises 20% in 7 months on year

TEHRAN- Foreign direct investment (FDI) in Iran has risen 20 percent during the first seven months of the current Iranian calendar year (March 21-October 22) from the same period of time in the past year, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced on Monday.

Tehran, Muscat explore avenues of economic co-op

TEHRAN – An Iran-Oman business forum was held on Sunday, in which the two countries explored ways of further boosting economic relations, IRNA reported.

Development of 25 small ports to be handed over to private sector

TEHRAN - Deputy of ports and economic affairs at Iran’s Ports and Maritime Organization (PMO) said the organization is planning to hand over the development of 25 small ports across the country to the private sector in the upcoming weeks, ISNA reported on Sunday.

Rationing ables Iran to export 300ml of gasoline per day

TEHRAN - Spokesman of Iranian Oil, Gas and Petrochemical Products Exporters Union (OPEX) said the gasoline rationing scheme has made it possible for the country to export 25-30 million liters of gasoline every day, IRIB reported.

‘Budget of resistance’ to counter sanction effects

Rouhani submits $473b budget bill to Majlis

TEHRAN- President Hassan Rouhani submitted the administration’s draft of the national budget bill for the next Iranian calendar year 1399, which starts on March 20, 2020, to the Majlis on Sunday, IRNA reported.

President Rouhani to submit budget bill to Majlis on Sunday

TEHRAN - Iranian President Hassan Rouhani is going to submit the bill of the budget for the next Iranian calendar year (to start on March 20, 2020) to Majlis (Iranian parliament) on Sunday, Mehr news agency reported, quoting the head of Iran’s Plan and Budget Organization.

Oman trying to expand economic ties with Iran

TEHRAN- Omani minister of commerce and industry said his country is trying to boost its trade and economic ties with Iran, stressing that this goal can be achieved through more cooperation between the two sides’ private sectors.

‘40 intl. expos planned to promote exports to neighbors’

TEHRAN - Managing director of Iran International Exhibitions Company said 40 international exhibitions have been planned to be held for promoting exports to the 15 neighboring countries, IRNA reported on Saturday.

177th OPEC meeting concluded with good outcomes: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh expressed satisfaction with the outcomes of the 177th Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ meetings which were held during December 5-6, Mehr News Agency reported.

Tehran, Baku stress expansion of banking ties

TEHRAN - Iran's Finance and Economic Affairs Minister Farhad Dejpasand said on Thursday that Iran and Azerbaijan should take necessary measures to expand their economic ties, especially in the banking sector, IRNA reported.

Iran to cooperate in renovating Syria’s water, wastewater networks

TEHRAN – Iran, and Syria signed a memorandum of understanding (MOU) on Thursday for cooperation in renovating Syria’s water and wastewater networks, IRNA reported.

No limitations on Iran’s oil output acceptable: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said Iran would not accept any limitations on its oil output and will produce at its full capacity when the U.S. sanctions are removed, Shana reported.