TCCIMA calls for leveraging chambers’ co-op to boost Iran-Belarus economic ties

TEHRAN - Mojtaba Najafi Arab, the head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) and Dmitry Koltsov, the Belarusian ambassador to Iran, discussed avenues for expanding economic and trade relations during a meeting.

Iran, Azerbaijan expand trade ties, boost energy cooperation

TEHRAN – The 16th meeting of the Iran-Azerbaijan Joint Economic Committee commenced in Tehran on Tuesday, where Amin Taraffo, head of the International Affairs Center at Iran’s Transport and Urban Development Ministry, announced a significant boost in trade between the two countries.

NIDC completes drilling of 79 oil, gas wells in 10 months

TEHRAN – The Deputy Director of Drilling Operations at the National Iranian Drilling Company (NIDC) announced that 79 oil and gas wells have been drilled and completed across onshore and offshore regions of the country over the first 10 months of the current Iranian year (March 20-December 21, 2024).

Leader holds meeting with private sector representatives

TEHRAN – Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei held a meeting with private sector representatives at the Imam Khomeini Husseiniyeh on Wednesday, according to Mehr News Agency.

Leader visits “Pioneers of Progress” exhibition

'Using private sector capacities, only way for progress of country'

TEHRAN– Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei visited the “Pioneers of Progress" exhibition, showcasing the latest achievements and capabilities of the private sector, held on Tuesday, January 21, 2025, at the Imam Khomeini Hosseiniyeh.

Tehran to host 20th intl. water industry exhibition

TEHRAN – The spokesperson for Iran’s water industry announced that the 20th International Water Industry and Wastewater Facilities Exhibition, featuring 150 domestic companies and five international participants, aims to promote smart technologies, showcase water innovation achievements, and foster domestic and international collaboration toward environmental sustainability.

Drilling of 10 wells at South Azadegan oil field nears 90% completion

TEHRAN – The cumulative progress in the drilling of 10 wells at the shared South Azadegan oil field has surpassed 90 percent, according to Mohammad Khavarinejad, the project manager for drilling operations at the West Karun oil fields under the National Iranian Drilling Company (NIDC).

Iran, China aim to bolster maritime economy, agricultural co-op

TEHRAN – Iran’s Agriculture Minister Gholamreza Nouri Ghezeljeh emphasized the potential for Iran and China to activate a maritime-based economy and foster collaboration in agriculture and food security, creating a vast market for domestic and international customers.

Thermal power plants' output reaches 300m MWh

TEHRAN - A senior official announced that this year, thermal power plants' electricity generation grew by 1.9 percent compared to the previous year, reaching 300 million megawatt-hours (MWh), while fuel consumption increased by just 0.7 percent.

Gas injection into national network hits new record high

TEHRAN – Iran has set a new daily record of 876 million cubic meters (mcm/d) in gas injection into the national grid, according to Saeid Tavakoli, Deputy Oil Minister and the head of the National Iranian Gas Company (NIGC).

Iran exports non-oil goods worth $1.4b to India in 9 months

TEHRAN – Iran exported non-oil commodities valued at $1.4 billion to India during the first nine months of the current Iranian calendar year (March 20-December 21, 2024), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.

Iran's non-oil exports to South Korea surge 180% in 2024

TEHRAN - According to a report by the Iran-South Korea Joint Chamber of Commerce, Iran's non-oil exports to South Korea surged by 180 percent in 2024, reaching $8.609 million.

Privatization to drive efficiency in Iran’s industrial parks

TEHRAN – Reza Ansari, head of the Iran Small Industries and Industrial Parks Organization (ISIPO), has emphasized the need to shift from government-managed industrial parks to non-governmental ones, highlighting their higher efficiency. Over 90 percent of industrial parks in the country are currently government-owned.

Export of farmed caviar rises 112% in 9 months on year

TEHRAN – Naser Karami-Rad, Director-General of the Office for the Restoration and Conservation of Genetic Aquatic Resources at Iran's Fisheries Organization (IFO), announced a 112 percent increase in the country's official exports of farmed caviar during the first nine months of the current Iranian calendar year 1403 (March 20 – December 20, 2024), compared to the total exports of the previous year.

TCCIMA calls for simplifying tax regulations for transport companies

TEHRAN – Peyman Sanandaji, head of the Transport Committee at the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA), has urged the government to address tax-related challenges faced by transport companies, which hinder progress toward a company-centered transport system in Iran.

Tehran, Moscow reach agreements on rail, air, sea, and road transport

TEHRAN - Iran's Transport and Urban Development Minister outlined key agreements between the presidents of Iran and Russia, covering rail, air, sea, and road transport for both goods and passengers.

Iran strengthens role in Tajikistan’s water and energy projects

TEHRAN – Iran's Energy Minister announced plans to facilitate the export of Iran’s engineering and technical services to Tajikistan, emphasizing the active involvement of Iranian engineers in the country's water and power projects.

NIGC delivers 149 mcm of gas to power plants amid cold wave

TEHRAN – The National Iranian Gas Company (NIGC) announced that on Thursday, January 16, the company delivered 149 million cubic meters (mcm) of gas to the country’s power plants.

CAO developing strategic airport development roadmap

TEHRAN – The head of Iran’s Civil Aviation Organization (CAO) announced the preparation of a strategic roadmap for the country’s airport sector, stating that while a plan existed previously, it was not comprehensive.

Iran-Russia monetary agreement implemented, bank networks connected

TEHRAN - The Governor of Central Bank of Iran (CBI), who accompanied Iran's president on a visit to Russia, announced the implementation of the Iran-Russia monetary agreement and the integration of the Mir and Shetab card payment networks.

By Ebrahim Fallahi

Iran-Russia comprehensive agreement: outcomes and implications

TEHRAN - President Masoud Pezeshkian arrived in Russia's capital Moscow on Friday, January 17, to strengthen ties between the two regional powers. His visit marks the beginning of an official strategic partnership with President Vladimir Putin, focusing on boosting bilateral cooperation in energy, economy, and technology sectors.