S. Korea ships in over $100m worth of Iranian oil in Jan.

TEHRAN – After a five-month hiatus, South Korea imported $101.2 million worth of Iranian crude oil in January, Yonhap reported on Tuesday citing Korea Customs Service data.

By Ebrahim Fallahi

Heads of research institutes, technology centers, laboratories gather in IPPI

TEHRAN –Heads of Iranian Universities’ central laboratories and research and technology institutes gathered together on Tuesday at Iran Polymer and Petrochemical Institute (IPPI) for the third round of an annual conferences to discuss various issues regarding the country’s research and technology centers.

35,000 barrels of crude oil sold at IRENEX in fifth offering

TEHRAN- National Iranian Oil Company (NIOC) sold 35,000 barrels of light crude oil at Iran Energy Exchange (IRENEX) at the base price of $52.25 per barrel for the fifth time on Monday, IRIB reported.

Tehran to host FUELEX 2019 on Feb. 21-24

TEHRAN – The 2nd International Exhibition of Fuel Stations and Related Industries (FUELEX 2019) is due to be held during February 21-24, at Tehran Permanent International Fairgrounds, IRIB reported.

Switzerland eager to expand trade with Iran: ambassador

TEHRAN – The Swiss ambassador to Tehran Markus Leitner said his country is eager for maintaining and even expanding economic relations with Iran, Finance and Economic Affairs Ministry’s news portal Shada reported.

Zanganeh leaves for Beijing to discuss deal on South Pars phase 11

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh, accompanied by Parliament speaker Ali Larijani, left Tehran for the Chinese capital to negotiate implementation of the phase 11 project of developing South Pars gas field with CNPC.

Panahi appointed as acting head of Tax Administration

TEHRAN- Mohammad-Qasem Panahi was appointed as the acting head of Iran's National Tax Administration (INTA), Shada reported on Sunday.

500 kilometers of freeways to be inaugurated in a month

TEHRAN- About 500 kilometers of freeways will be inaugurated throughout Iran by the end of the current Iranian calendar year (March 20, 2019), Transport Minister Mohammad Eslami announced on Saturday, IRNA reported.

‘PMO determined to rely on domestic potentials’

TEHRAN- Regarding Iran’s need for quality and swift maritime and port services as well as improving the efficiency of such services, the country’s Ports and Maritime Organization (PMO) is determined to utilize domestic potentials and capabilities in manufacturing equipment and providing related services, PMO Head Mohammad Rastad announced on the opening ceremony of the 26th Conference on Coordination of Iranian Maritime Organizations in Tehran.

India imports 270,500 bpd of Iranian oil in January

TEHRAN- India imported 270,500 barrels per day (bpd) of oil from Iran in January, ship tracking data reviewed by Reuters showed.

All villages to enjoy natural gas within 2-3 years: NIGC managing director

TEHRAN- Natural gas will be supplied to all villages in the country by the next two-three years, National Iranian Gas Company (NIGC) managing director announced.

IMIDRO to put 129 projects worth $17.8b into operation by 2022

TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) will put 129 projects worth $17.8 billion into operation by Iranian calendar year 1400 (March 2021-March 2022), the organization published on its official website on Saturday.

New incentives for exporters that re-inject foreign currency to NIMA

TEHRAN – Central Bank of Iran (CBI) has unveiled a decree containing a list of new incentives for the country’s exporters that re-inject their earned foreign currency to Iran’s domestic Forex Management Integrated System (locally known as NIMA).

‘Completing 12,000 semi-finished industrial projects to be facilitated’

TEHRAN – Completing 12,000 semi-finished industrial projects with over 60 percent progress across Iran is a priority for the ministry of industry, mining and trade, ISNA reported on Thursday quoting Industry Minister Reza Rahmani.

Second platform of South Pars phase 22-24 installed on offshore spot

TEHRAN- The second platform of Iran’s South Pars gas field’s phase 22-24 of development was installed on its designated offshore spot on Thursday, Public Relations Department of Pars Oil and Gas Company, which is in charge of developing the gas field, announced.

Iranian heavy crude oil price rises $1.45 per barrel in Jan.: OPEC

TEHRAN- Iranian heavy oil price increased $1.45 in January, according to OPEC’s latest monthly report published on Tuesday.

Iran to purchase new airplanes: transport min.

TEHRAN- Iran is negotiating purchase of some new airplanes, Iranian Transport Minister Mohammad Eslami told Mehr news agency on Wednesday.

‘Iran, India continue discussing development of Farzad-B gas field'

TEHRAN- Head of National Iranian Oil Company (NIOC) said Iran and India are still discussing development of Farzad-B gas field.

Over 155 companies attending Iran’s intl. exhibit of cement, bitumen

TEHRAN – Over 155 domestic and foreign companies are showcasing their latest achievements and products in the 10th International Exhibition of Cement, Concrete, Bitumen, Asphalt and Related Equipment and Machinery of Iran (CEMENTEX & BAIEX 2019).

Iran’s exports to Russia increase 36% in 2018

TEHRAN- Iran’s value of exports to Russia rose 36 percent in 2018, Iran’s Commercial Attaché to Russia Farhad Parand announced.

3 state-run institutes pen pact on expansion of technological, industrial culture

TEHRAN- Iran’s Industrial Management Institute, ECO Cultural Institute (ECI), and Tehran University’s Institute of Biochemistry and Biophysics inked a trilateral agreement to boost and ease regional cooperation on industrial and technological culture, the public relation department of Industrial Management Institute announced.

Weight of non-oil exports to Turkey, Iraq up %50

TERHAN- According to the data released by the Islamic Republic of Iran Customs Administration (IRICA), Iran’s non-oil exports to its two western neighbors, Iraq and Turkey, increased by 50 percent in terms of weight during the first 10 months of the present Iranian calendar year (ending on January 20, 2019), IRNA reported on Monday.

Daily gasoil output exceeds consumption by 16m liters

TEHRAN - Director of supply and distribution at National Iranian Oil Products Distribution Company (NIOPDC) said the country’s daily gasoil production is 16 million liters more than the consumption, IRNA reported.

‘Iranian private sector to help Iraq overhaul power plants’

TEHRAN – Iran's Energy Minister Reza Ardakanian said Iranian private sector is going to contribute to rebuilding and overhauling Iraq’s damaged power plants, IRIB reported.

Major steel producers export 4.7m tons of steel in 10 months

TEHRAN- Iran’s major steel producers exported 4.715 million tons of steel during the ten-month period from March 21, 2018 to January 20, 2019, IRNA reported.

294 industrial infrastructure projects to be inaugurated by Feb. 11

TEHRAN- The deputy head of Iran Small Industries and Industrial Parks Organization (ISIPO) announced that on the occasion of the 40th anniversary of Islamic revolution, some 294 industrial infrastructure projects, using 2.7 trillion rials (about $64.2 million) of credit are to be inaugurated throughout the country by February 11, IRNA reported on Wednesday.

Iran-Singapore joint commerce committee holds 1st official meeting

TERHAN – The first official meeting of the Iran-Singapore joint commerce committee was held in Tehran on Wednesday, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

Rouhani to inaugurate South Pars new refineries within 2-3 weeks

TEHRAN- The new refineries of South Pars gas field will be inaugurated by President Hassan Rouhani during the next 2-3 weeks, Iran’s Oil Minister Bijan Namdar Zanganeh announced in a press conference on Tuesday.

By: Ebrahim Fallahi

Tehran hosts specialized panel on energy Fintech

TEHRAN – Iran Water and Power Resources Development Company (IWPCO) in collaboration with Research Institute for Energy Management and Planning (RIEMP) as well as Farab Construction Engineering Company hosted a specialized panel meeting on Tuesday to discuss energy Financial Technology (Fintech) in Iran and specifically Energy Credit Obligation (ECO).

Iran’s recoverable liquid hydrocarbon reserves at 160 b barrels: NIOC

TEHRAN- National Iranian Oil Company (NIOC) in a recent report has put the country’s recoverable liquid hydrocarbon reserves at 160.12 billion barrels, IRIB reported on Tuesday. The report also put Iran’s recoverable natural gas reserves at 33.33 trillion cubic meters.