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Today 11:40
New records marked in Iran’s electricity sector: minister
TEHRAN – Iranian Energy Minister Reza Ardakanian said the country’s electricity sector has witnessed new records in production, exports and consumption management during the current calendar year (started on March 20), IRNA reported on Sunday.
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2019-08-18 22:20
Over €840m allocated to support domestic auto parts manufacturers
TEHRAN - The industry ministry has allocated €844 million to support the country’s auto parts manufacturers, director general of the industry ministry’s automotive and transportation industries office said.
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2019-08-18 22:18
Sinopec still negotiating to develop Iran’s Yadavaran oilfield
TEHRAN – Managing director of Iran’s Petroleum Engineering and Development Company (PEDEC) has said the company is still negotiating the second phase of Yadavaran oilfield’s development project with China's Petroleum and Chemical Corporation, known as Sinopec.
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2019-08-18 22:10
Iran-Bulgaria business forum slated for late-August
TEHRAN – An Iran-Bulgaria business forum is due to be held on August 24 in Tehran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
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2019-08-18 21:30
Iran-Syria joint chamber of commerce to recruit members
TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has published an announcement, inviting capable private companies to join Iran-Syria joint chamber of commerce’s founding board.
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2019-08-18 18:57
Development of upstream oil sector atop agenda: Zanganeh
TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh has said that the development of the upstream oil sector in collaboration with universities and research institutions is the ministry’s top priority in the current Iranian calendar year, 1398 (March 2019-March 2020).
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2019-08-18 18:24
630,000 tons of goods exported to Iraq via Mehran border
TEHRAN – Iran exported 630,000 tons of goods to neighboring Iraq through Mehran border in the first four months of the current Iranian calendar year (March 21-July 21), Mehr news agency reported, quoting a customs official as saying on Sunday.
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2019-08-17 22:34
$1.5b allocated for job creation in rural areas
TEHRAN - Presidential chief of staff Mahmoud Vaezi said on Wednesday that the government has allocated $1.5 billion for job creation in the country’s rural areas, IRIB reported.
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2019-08-17 22:33
Preferential trade agreement with D-8 to take effect in 2 months
TEHRAN – Deputy director of Iran’s Trade Promotion Organization (TPO) said an agreement on preferential trade with the members of D-8 Organization for Economic Cooperation has been reached and it will take effect in the next two months.
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2019-08-17 21:57
IRENEX to hold 6th round of heavy oil offering on Wednesday
TEHRAN- Unlike previous offerings, the sixth round of National Iranian Oil Company (NIOC)’s heavy crude oil offering at Iran Energy Exchange (IRENEX) is due to be held on Wednesday, IRNA reported.
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2019-08-17 21:12
Bangladesh private sector seeking enhanced co-op with Iran
TEHRAN – Bangladesh’s commercial attaché in Iran said his country’s private sector is seeking to boost cooperation with the Iranian counterpart, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
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2019-08-17 21:09
Iran, Afghanistan considering energy projects in border areas
TEHRAN – Iran and Afghanistan are considering realization of 16,000 megawatts potential of renewable energy projects in border areas, IRNA reported.
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2019-08-17 19:06
Russia eyes Iran’s Chabahar to transit goods
TEHRAN – Russia is seeking to use Iran’s Chabahar port in order to transit goods to other countries especially to the Indian subcontinent, Tasnim reported, quoting Sergei Milushkin, managing director of Astrakhan Special Economic Zone in Russia, as saying.
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2019-08-17 19:00
Iranian heavy crude oil price rises $1.77 per barrel in July: OPEC
TEHRAN- Iranian heavy oil price increased $1.77 in July, according to OPEC’s latest monthly report published on Friday.
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2019-08-16 19:35
NISOC to offer 3 new contracts for developing oil reservoirs
TEHRAN – National Iranian South Oil Company (NISOC) has finalized three new development packages worth 39 trillion rials (about $928.5 million) for developing southern oil reservoirs, IRNA reported, quoting an oil official as saying.
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2019-08-16 19:30
Industry ministry to revive 2,000 idle production units
TEHRAN – Iranian Industry, Mining and Trade Ministry plans to revive 2,000 idle production units by the end of the current Iranian calendar year (March 20, 2020), IRIB reported.
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2019-08-16 18:25
3rd platform of SP phases 22-24 loaded
TEHRAN- Platform SPD-23, which is the third platform of the phases 22, 23, 24 of South Pars gas field (in the Persian Gulf) development project was loaded at Sadra yard in the southwestern province of Bushehr on Wednesday.
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2019-08-16 18:22
Tehran hosting intl. poultry, livestock exhibition
TEHRAN- The 18th International Exhibition of Poultry, Livestock, Dairy, and Related Industries (IRANPLEX 2019) is being held in the Iranian capital from August 15 to 18, IRIB reported.
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2019-08-16 18:12
CBI sees stable currency market after turbulent year
TEHRAN – Governor of Central Bank of Iran (CBI) said the currency market is moving toward stability and predictability after a year of turmoil, IRNA reported.
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2019-08-16 17:42
21 new power plants to go operational by March 2020
TEHRAN – Iranian Energy Minister Reza Ardakanian said 21 new power plant projects worth 210 trillion rials ($5 billion) will go operational by the end of the current calendar year (March 20, 2020) to add 3000 megawatts (MW) to the country’s power generation capacity.
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2019-08-16 17:39
Iranian section of Khaf-Herat railroad to be built by March 2020
TEHRAN – Transport and Urban Development Deputy Minister Abbas Khatibi said construction of the Iranian section of the Khaf-Herat railway will be completed by the end of the current Iranian calendar year (March 20, 2020).
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2019-08-16 17:37
Iran, Russia, Azerbaijan to set up INSTC working group
TEHRAN – In a meeting on Thursday, transport ministries of Iran, Russia and Azerbaijan agreed to form a working group in order to activate the International North–South Transport Corridor (INSTC).
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2019-08-14 20:38
Khani named new Iranian Privatization Organization head
TEHRAN – Davoud Khani was appointed as the new managing director of Iranian Privatization Organization (IPO), IRIB reported on Wednesday.
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2019-08-14 20:37
TSE main index surpasses 261,000 points
TEHRAN- Tehran Stock Exchange (TSE) main index (TEDPIX) gained 4,352 points on Wednesday to reach 261,441, IRIB reported.
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2019-08-14 20:35
SZOGPC self-sufficient in manufacturing, repairing oil industry equipment
TEHRAN - South Zagros Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has manufactured or repaired the 521 items needed in the oil and gas industry. SZOGPC’s operations director, Seyed Mahmoud Mirbagheri said on Tuesday that 499 of the company’s needed items were supplied by domestic contractors.
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2019-08-14 20:32
Over €6.5b of non-oil income injected to NIMA since March
TEHRAN - Iran’s non-oil exporters injected €6.68 billion of their revenues into the Forex Management Integrated System, locally known as NIMA, since the beginning of the current Iranian calendar year (March 21) up to August 11.
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2019-08-14 20:03
NIOC research directorate to conduct 25 major projects
TEHRAN – Head of the National Iranian Oil Company (NIOC) Research and Technology Directorate said his office is going to conduct 25 major research projects worth nearly 700 billion rials (about $16 million).
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2019-08-14 19:37
Non-oil exports up 45% in weight
TEHRAN - Head of the Trade Promotion Organization (TPO) of Iran has said the country’s non-oil exports rose by 45 percent in terms of weight during the first three months of the current Iranian calendar year (March 21-June 21) compared to the same period last year.
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2019-08-14 19:29
North Yaran oilfield to increase output
TEHRAN – Installing the second Electric Submersible Pump (ESP) in the well No.4 of the North Yaran oilfield is going to increase the field’s output by 1,000 barrels per day (bpd), Shana reported on Wednesday.
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2019-08-14 00:13
Non-oil exports from PSEEZ up 2% yr/yr
TEHRAN - Non-oil exports from Pars Special Economic Energy Zone (PSEEZ) in Iran’s southwestern port city of Assaluyeh reached 17.8 billion tons since the past Iranian calendar month of Shahrivar (started August 23, 2018), up to date, registering a two-percent rise compared to the same period in the preceding year.
