Bonds worth $950m sold in 7 months

TEHRAN- Iranian government has sold bonds worth 39.842 trillion rials (about $948.6 million) during the first seven months of the current Iranian calendar year (March 21-October 22), IRIB reported on Tuesday citing the report released by the Central Bank of Iran (CBI).

‘Investment making a necessity for railway sector’

TEHRAN- Managing Director of Islamic Republic of Iran Railways (known as RAI) Saeed Mohammadzadeh said that development in the railway sector of the country is in need of large investment makings, IRNA reported.

Over 12,000 kilometers of roads, railways under construction

TEHRAN- More than 12,000 kilometers of roads and railways are currently under construction throughout the country, Iran’s Deputy Transport Minister Kheirollah Khademi announced on Tuesday.

IRANIMEX 2018 running in Kish Island

TEHRAN- Iran’s 20th International Maritime and Offshore Technologies Exhibition (IRANIMEX 2018) kicked off in Kish Island in south of the country on Monday, Ports and Maritime Organization (PMO) announced.

Tax revenues rise 14% in 7 months on year

TEHRAN- Iran’s tax incomes during the first seven months of the current Iranian calendar year (March 21-October 21) has risen 14.2 percent compared to the same period of time in the previous year, ISNA reported on Monday citing the data released by the Central Bank of Iran (CBI).

Second platform of South Pars phase 13 installed on offshore spot

TEHRAN- The second platform of Iran’s South Pars gas field’s phase 13 of development was installed on its designated offshore spot on Monday, Public Relations Department of Pars Oil and Gas Company, which is in charge of developing the gas field, announced.

Tehran hosting IRAN TRANS EXPO 2018

TEHRAN- The 3rd edition of Iran’s Logistics, Transportation, and Related Industries Exhibition (IRAN TRANS EXPO 2018) kicked off on Sunday at Tehran’s Imam Khomeini Mosalla, the portal of Transport and Urban Development Ministry reported.

By Mahnaz Abdi

TSE launches futures contract as an instrument for more risk management

TEHRAN- In a ceremony on Sunday, Tehran Stock Exchange (TSE) officially launched futures contract, a new financial instrument in Iran’s capital market.

OPEC has shown it can reach deal despite splits: Zanganeh

Iranian Oil Minister Bijan Zanganeh praised OPEC on Saturday for what he said was the producer group’s ability to reach agreement despite intense internal political differences.

Monthly car output stands at 57,627

TEHRAN- Iranian carmakers manufactured 57,627 vehicles in the eight Iranian calendar month, Aban (October 23-November 21), ISNA reported on Saturday.

South Pars daily gas production to reach over 630 mcm by March 2019

TEHRAN- The daily production of gas in Iran’s South Pars gas field will reach over 630 million cubic meters (mcm) by the end of current Iranian calendar year (March 20, 2019), the managing director of Pars Oil and Gas Company (POGC), which is in charge of developing the field, announced.

Tehran hosting intl. printing, packing expo

TEHRAN – The 25th international exhibition of printing, packing and related machinery kicked off on Thursday at the Tehran Permanent International Fairground.

By Mahnaz Abdi

Sanctions an opportunity to enhance non-oil exports

TEHRAN- Under the condition when the U.S. unilateral sanctions on Iran’s economy has reduced the country’s main source of income i.e. crude oil exports, Iran can turn the sanctions into an opportunity to enhance its non-oil exports as a reliable source of income.

By: Ebrahim Fallahi

Chabahar port, Iran’s wining card in trade with South Asia, CIS

CHABAHAR- In southeastern Iran, on the Gulf of Oman, there is a port city called Chabahar which is the home for Iran's only oceanic port. Due to its strategic geographical positioning, Chabahar port holds a great significance for Iran both politically and economically.

Iran’s electricity industry needs over $142b to tackle rising demand

TEHRAN – The managing director of Iran’s Power Generation and Distribution Company (known as TAVANIR) said Iran’s power industry needs six quadrillion rials (near $142.8 billion) to keep the country’s electricity infrastructure up with the rising demand, ISNA reported.

‘Iraq seeking exemption from U.S. sanctions to continue Iran’s gas imports’

TEHRAN- Iraq will send a delegation to the United States seeking an exemption from sanctions against Iran that would allow it to keep importing Iranian gas, Reuters reported quoting Iraqi Prime Minister Adel Abdul Mahdi as saying on Tuesday.

By Haniyeh Sadat Jafaryieh

1398 budget bill, (non)-oil revenues?

The budget bill for the next Iranian calendar year 1398 (starting on March 21, 2019) was presented to the parliament on December 6 while Iran’s economy, previously expected to boom, is experiencing the toughest conditions under the draconian U.S. sanctions. The upcoming year is supposedly an economic predicament for Iranians to endure and for the government to program and handle.

U.S., Saudi plans for replacing Iranian gas in Iraq doomed to failure

TEHRAN – Considering Iraq’s geopolitical improvements in the past few years, the Iraqi government has been seeking to improve the country’s infrastructure and one of the main areas of focus has been Iraq’s electricity network and power infrastructures.

Minerals export rises 7% in 8 months yr/yr

TEHRAN- The value of Iran’s minerals export during the first eight months of the current Iranian calendar year (March 21-November 21) rose seven percent compared to that of the same period of time in the past year, IRIB reported citing the data released by the Ministry of Industry, Mining and Trade.

Iranian MPO, industry ministry ink MOU to create 270,000 jobs

TEHRAN - Management and Planning Organization of Iran (MPO) and the Ministry of Industry, Mining and Trade signed a memorandum of understanding (MOU) based on which the two sides will allocate 210 trillion rials (about $5 billion) to create 270,000 job opportunities across the country.

Iran, China resume banking transactions

TEHRAN- “Iran and China resume their joint banking relations from today”, Deputy Head and speaker of Iran-China Joint Chamber of Commerce Majid-Reza Hariri announced on Monday, Tasnim news agency reported.

TCCIMA honors exemplary exporters

TEHRAN- In a ceremony on Monday, Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) honored 15 exemplary exporters of Tehran Province, TCCIMA website reported.

Third train of SP phases 22-24 sweetening refinery comes online

TEHRAN- The third train of sweetening refinery of phases 22, 23 and 24 of Iran’s South Pars gas field was put into operation and the phases are ready to receive sour gas, operator of the phases announced.

Shasta’s new managing director appointed

TEHRAN- Mohammad Rezvanifar was appointed as the new managing director of Iran’s Social Security Investment Company (SSIC, also known by its Persian acronym Shasta), Tasnim news agency reported on Sunday.

Renewable power purchase prices to rise 40% in peak periods

TEHRAN - Seyed Mohammad Sadeqzadeh, head of Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA), said the Energy Ministry is going to increase the guaranteed purchase prices for renewable electricity generation during the year’s first six months when the consumption is higher.

Iran, Russia call for supporting private sectors in sanctions era

TEHRAN- Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and president of Chamber of Commerce and Industry of the Russian Federation stressed the need for supporting the two countries’ private sectors in the sanctions era.

Over 208m tons of commodities worth $214m traded in IME in a week

TEHRAN- During weekdays ending up to December 6, approximately, 208,424 million tons (MT) of commodities worth over $214 million were traded in Iran Mercantile Exchange (IME).

1,370 industrial units resume activity since March

TEHRAN- Some 1,370 industrial units that had stopped their activity have resumed their operation since the beginning of current Iranian calendar year (March 21, 2018), Iran’s Industry Minister Reza Rahmani announced.

By: Ebrahim Fallahi

Oil’s love triangle ends up with Trump in tears

These days whenever there is talks about oil market three names are inevitably come to surface, the U.S. President Trumps, Russian President Putin and Saudi Crown Prince Mohammed Bin Salman.

Petchem exports up 32% in 8 months on year

TEHRAN- Iran’s value of petrochemical exports during the first eight months of the current Iranian calendar year (March 21-November 21) rose 32 percent compared to the same period of time in the past year, Tasnim news agency reported citing the data released by the Islamic Republic of Iran Customs Administration (IRICA).