Alumina powder output exceeds 138,000 tons in 7 months

TEHRAN - Production of alumina powder in Iran reached 138,859 tons in the first four months of the current Iranian calendar year (March 20-October 21), according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Iran stresses expansion of trade ties with Africa

TEHRAN – The head of Iran’s Trade Promotion Organization (TPO) has stressed the need for finding new and innovative ways to increase the share of the Islamic Republic in the African markets, IRNA reported.

“Iranian mining sector needs €55b in foreign investment in five years”

TEHRAN – The Deputy Head of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Mohammadreza Bahraman has stated that Iran’s mining sector requires €55 billion in foreign investment over five years.

Home-made super heavy-duty cone crusher unveiled in ConMine 2024

TEHRAN – Iran unveiled the country’s largest domestically-developed heavy-duty cone crusher on Saturday at the 18th International Exhibition for Mines, Mining, Construction Machinery and Related Industries and Equipment (Iran CONMINE) in Tehran.

Iran intensifies efforts on South Pars pressure boosting project

TEHRAN - Iran's Oil Minister has underlined "pressure boosting" in the South Pars gas field as one of the National Iranian Oil Company's (NIOC) top priorities, pledging significant progress by the end of the current Iranian calendar year (late March 2025).

Gas supply to power plants up by 3.3 mcm/d

TEHRAN - Natural gas delivery to power plants stood at 182 million cubic meters per day (mcm/d) during the week ended on 23 November, indicating a 3.3 mcm/d rise against the same period last year.

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‘Enterprise creation’ acts as a catalyst for strengthening Iran’s economy

Banks undeniably play a pivotal role in financing domestic production and driving economic growth. In that regard, Dr. Abolfazl Najjarzadeh, CEO of Bank Melli Iran (BMI), in his latest exclusive article, has highlighted the importance of revitalizing Iran’s economy, emphasizing the need for Iranian banks to function as dynamic, living mechanisms that actively support economic activities.

Iran ConMine 2024 opens in Tehran

TEHRAN- Iran ConMine 2024, a leading exhibition for construction and mining industries in Iran, opened in Tehran on Saturday, IRNA reported.

‘Iran can become transit corridor for transferring Japanese products’

TEHRAN - Iran’s transit corridor which is a regional hub can play a significant role in transporting Japanese products in the region, Iranian Agriculture Minister Gholamreza Nouri Ghezeljeh said in a meeting with Japanese Ambassador to Iran Tamaki Tsukada.

Tea export stands at 10,000 tons in 7 months

TEHRAN – Iran exported 10,000 tons of tea in the first seven months of the current Iranian calendar year (March 20-October 21), according to the Head of Iran's Tea Organization (ITO) Habib Jahansaz.

Iran among world’s top 4 aircraft refueler builders

TEHRAN - Iran is among the world's top four countries in producing aircraft refuelers, an official familiar with the matter told IRIB.

Over 800 companies partaking in Iran’s intl. metallurgy expo

TEHRAN - Tehran Permanent International Fairgrounds is hosting the 21st edition of Iran’s international exhibition of metallurgy, dubbed IRAN METAFO, during November 23-26, IRIB reported.

Iran calls for forming joint business council with Kazakhstan

TEHRAN – The head of Iran’s Trade Promotion Organization (TPO) has highlighted the need to establish a joint business council with Kazakhstan, the TPO portal reported.

Exports from mining sector exceeds $7.5b in 7 months

TEHRAN - Exports from Iran’s mining sector reached $7.537 billion in the first seven months of the current Iranian calendar year (March 21 to October 22, 2024), up one percent from the same period last year.

Pezeshkian visits Sistan-Baluchestan Province

TEHRAN –As his first provincial visit, Iranian President Masoud Pezeshkian traveled to Sistan-Baluchestan Province in the southeast of the country on Thursday, during which a memorandum of understanding (MOU) for implementing 39 economic projects was signed.

Alipour appointed as new head of Iran Privatization Organization

TEHRAN – Zahra Alipour has been appointed as the new head of the Iranian Privatization Organization (IPO), Tasnim News Agency reported.

Iran's oil output rises 60,000 bpd

TEHRAN - The head of the National Iranian Oil Company (NIOC) has said that the country's daily oil production volume has increased by 60,000 barrels.

Iran, Russia determined to develop ties at maximum level: VP

TEHRAN - Iranian Vice President Mohammad-Reza Aref has announced Tehran and Moscow's strong determination to strengthen bilateral relations to the maximum level, Shana reported.

Daily output of Iranian gas refineries stands at 840 mcm

TEHRAN – Iranian gas refineries are currently producing 840 million cubic meters (mcm) of gas per day, according to the director of production coordination and supervision of the National Iranian Gas Company (NIGC).

36 new water treatment plants under construction across Iran

TEHRAN - The head of Iran’s National Water and Wastewater Engineering Company has said that 36 new water treatment plants are under construction across the country, Tasnim News Agency reported.

Iran eyes connecting its railway with China through Afghanistan

TEHRAN – The head of the Islamic Republic of Iran Railways (RAI), in a meeting with the head of Afghanistan Railway, said the country is eyeing to connect its railway network to China via Afghanistan, the portal of Iran’s Transport Ministry reported.

Reaching PTA, a prerequisite for boosting Iran-Tajikistan trade

TEHRAN - Iran and Tajikistan have emphasized the need to expedite a preferential trade agreement (PTA) and completely eliminate visa requirements to boost bilateral economic relations, the portal of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) reported.

TEDPIX gains 14,000 points on Tuesday

TEHRAN- TEDPIX, the main index of the Tehran Stock Exchange (TSE), rose 14,063 points to 2,269,515 on Tuesday, which is the fourth day of the Iranian calendar week.

Iran-Venezuela Joint Economic Committee meeting kicks off in Caracas

TEHRAN - The 10th meeting of the Iran-Venezuela Joint Economic Committee opened in Caracas on Monday with representatives of dozens of public and private companies and institutions, along with government officials from both countries in attendance.

Aluminum ingot output exceeds 350,000 tons in 7 months

TEHRAN - Production of aluminum ingot in Iran reached 352,423 tons in the first four months of the current Iranian calendar year (March 20-October 21), according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Completing value chain to ensure balanced development of petchem industry

TEHRAN – The head of Iran’s National Petrochemical Company (NPC) has said that completing the value chain and developing complementary industries is going to ensure a balanced and sustained development of the country’s petrochemical industry.

NIDC puts renovation of drilling equipment atop agenda

TEHRAN - The head of National Iran Drilling Company (NIDC) has stated that increasing the company’s productivity from 67 percent to 90 percent is the priority of the NIDC’s future plans, adding that in this regard, modernizing and renovating the drilling equipment is on the agenda.

Horticulture exports bring Iran $3b of revenue annually

TEHRAN – Iran’s Deputy Agriculture Minister for Horticulture Affairs says horticultural products account for about 50 percent of the country’s annual agricultural exports and Iran exports about $3.0 billion of such products every year.