GSI carries out exploration operations on 150,000 sq.km in a year

TEHRAN – Deputy head of Geological Survey and Mineral Explorations of Iran (GSI) says the organization has carried out exploration operations on 150,000 square kilometers of land in the previous Iranian calendar year 1398 (ended on March 19).

Iran inks 2-year agreement for exporting electricity to Iraq

TEHRAN – Iran has signed an agreement with Iraq for exporting electricity to the country for two years, Iranian Energy Minister Reza Ardakanian, who visited the Arab neighbor on Wednesday, said.

Iran, Serbia discuss expansion of transport ties

TEHRAN - Iranian Ambassador to Belgrade Rashid Hassanpour met with Serbian Minister of Construction, Transport and Infrastructure Zorana Z. Mihajlovic on Thursday and discussed expansion of cooperation in air and road transportation.

Rouhani inaugurates major water, electricity projects in 2 provinces

TEHRAN - Iranian President Hassan Rouhani, on Thursday, inaugurated eight electricity and water projects in the southern province Bushehr and northwestern West Azarbaijan province via video conference.

821MW to be added to Iran’s renewable power capacity

TEHRAN – Some 821 megawatts (MW) are going to be added to Iran’s renewable power generation capacity which currently stands at 821 MW, IRNA reported.

Annual minerals export of $10.5b projected

TEHRAN- Iranian acting minister of industry, mining and trade announced that reaching the minerals export of $10.5 billion is planned for the current Iranian calendar year (ends on March 20, 2021).

Iranian cargo ship sinks off Iraqi coast

TEHRAN- An Iranian cargo ship named Behbahan sank off the Iraqi coast on Thursday night, Iran’s Ports and Maritime Organization (PMO) published on its website on Friday quoting a PMO official as saying.

Iran-Turkey main trade gate to reopen this week

TEHRAN- The main trade gate between Iran and Turkey, which has been closed for three months due to the coronavirus pandemic, will be reopened this week.

Annual petchem output to rise 35% by Mar. 2021

TEHRAN- Iran’s annual petrochemical production will increase 35 percent in the current Iranian calendar year (ends on March 20, 2021), according to the managing director of National Petrochemical Company (NPC).

Iran-EAEU trade exceeds $2b in 7 months

TEHRAN- The value of trade between Iran and the members of the Eurasian Economic Union (EAEU) reached $2.112 billion since the implementation of the preferential trade agreement on October 27, 2019, the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced.

Plans underway for gas export to neighboring regions

TEHRAN- Iran is planning to export gas to the neighboring regions, especially the Kurdistan region of Iraq, the managing director of National Iranian Gas Company (NIGC) announced.

NISOC introduces new department for PIMS affairs

TEHRAN – National Iranian South Oil Company (NISOC) announced the establishment of a new department in the company which is tasked to handle all affairs related to Pipeline Integrity Management Systems (PIMS), Shana reported on Monday.

Over 1.8m tons of livestock feed supplied in 70 days

TEHRAN - Managing Director of Iran’s Livestock Affairs Support Company Hassan Abbasi Maroufan says more than 1.8 million tons of raw materials for livestock feed has been supplied to the country’s animal feed producers in 70 days since the beginning of the current Iranian calendar year (March 20), IRNA reported.

Nearly 55% of Iran’s decorative, facade stone mines operational

TEHRAN – Over 45 percent of Iran’s decorative and building stone mines are currently idle and are considered to be revived under an Industry, Mining and Trade Ministry’s program for re-opening such mines, IRNA reported on Monday.

980 kilometers of freeways to be inaugurated by Mar. 2021

TEHRAN- Some 980 kilometers of freeways will be inaugurated throughout Iran during the current Iranian calendar year (ends on March 20, 2021), Transport and Urban Development Minister Mohammad Eslami said.

Annual greenhouse fruit, vegetable output of 5,000 tons anticipated

TEHRAN- Iran is anticipated to produce 5,000 tons of fruits and vegetables in the greenhouses throughout the country in the current Iranian calendar year (ends on March 20, 2021), the managing director of Ferdows Pars Agricultural and Livestock Holding announced.

Iran faces 700,000-ton annual shortage of propylene

TEHRAN- Iran has been facing a shortage of propylene for years. The country’s propylene production in the Iranian calendar year 1404 (March 2025-March 2026) will be four percent of its total petrochemical production.

100 production companies to be listed on stock exchange by Mar. 2021

TEHRAN- Iran’s deputy industry, mining and trade minister said that 100 production companies are projected to be listed on the stock exchange of the country by the end of the current Iranian calendar year (March 20, 2021), IRNA reported.

Bushehr Province exports commodities to 28 countries in 2 months

TEHRAN- Bushehr Province, in the southwest of Iran, has exported goods to 28 countries around the world in the first two months of the current Iranian calendar year (March 20-May 20), according to the director-general of the province’s customs administration.

100,000 housing units to be constructed for workers of industrial parks

TEHRAN – Iranian Transport and Urban Development Minister Mohammad Eslami said the government has it on the agenda to construct 100,000 housing units for the workers of the industrial parks across the country in collaboration with Iran Chamber of Cooperatives (ICC).

Iran’s 2-month non-oil trade exceeds $9b

TEHRAN – The value of Iran’s non-oil trade during the first two months of the current Iranian calendar year (March 20-May 20) stood at $9.341 billion, IRNA reported on Sunday.

TPO, IRISL discuss co-op for improving maritime transportation

TEHRAN – Head of Trade Promotion Organization (TPO) of Iran says the Islamic Republic of Iran Shipping Line (IRISL) accounts for 22 percent of the country’s cargo transportation, adding that TPO is ready to cooperate with IRISL to increase this share in order to develop non-oil exports.

Railway transports 6,300 wagons of goods between Iran, Turkey in 70 days

ICCIMA calls government’s coronavirus support package ‘inefficient’

TEHRAN - Members of the industry committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), in a meeting, criticized the inefficiency of the government’s support packages against the impacts of the coronavirus outbreak.

1,660km of new railroads to be inaugurated by Mar. 2022

TEHRAN- Kheirollah Khademi, the managing director of Iran’s Construction and Development of Transportation Infrastructures Company (CDTIC), announced that seven prioritized railway projects with a total length of 1,660 kilometers will be inaugurated by the end of the Iranian calendar year 1400 (March 2022).

Iran’s daily electricity consumption exceeds 53 GW

TEHRAN – Daily electricity consumption in Iran reached 53,502 megawatts (53.5 gigawatts) on Saturday to register a new record high, IRNA reported, citing data released by Iran Grid Management Company (IGMC).

Coronavirus pandemic rises freight rate between Iran, Qatar by 3 folds

TEHRAN- The freight rate between Iran and Qatar has risen by three folds as a result of the coronavirus pandemic that caused a serious halt to the trade in West Asia, Press TV reported.

‘Iran’s gas export deals may see essential changes after pandemic’

TEHRAN- Managing Director of National Iranian Gas Company (NIGC) Hossein Montazer Torbati says the conditions governing Iran’s long-term gas contracts probably undergo essential changes after the coronavirus pandemic, Press TV reported.

SP 6th refinery feedstock to increase 42% by Mar. 2021

TEHRAN- The feedstock supplied to the sixth refinery of the South Pars gas field will be increased by 42 percent by the next Iranian calendar year (begins on March 21, 2021), IRNA reported.

1st phase of National Housing Action Plan completed in southern Iran

TEHRAN – The first phase of the National Housing Action Plan, which started in August 2019 to provide affordable houses to Iranians, are completed in the southern Kerman Province and will soon be handed over to the owners, IRNA reported on Saturday.