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2024-12-25 14:57
'Trade agreements to accelerate development of Iran’s export infrastructure'
TEHRAN - Deputy head of Iran’s Trade Promotion Organization (TPO) has highlighted the approval of the Iran-Eurasian Economic Union (EAEU) free trade agreement by the Iranian Parliament, describing trade agreements as a driving force for completing export infrastructure.
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2024-12-25 14:51
Iran to sign $6b contracts to boost gas recovery from South Pars
TEHRAN - Iran's oil minister announced plans to finalize $6.0 billion worth of contracts to boost pressure at the South Pars gas field, which is a top national priority.
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2024-12-24 16:50
1,500 manufacturing units active in Iran’s printing, packaging industry
TEHRAN - Iran's printing and packaging industry hosts approximately 1,500 manufacturing units and 150,000 small businesses, contributing significantly to the country’s industrial landscape, according to Ebrahim Sheikh, Deputy Minister for General Industries at the Ministry of Industry, Mining and Trade.
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2024-12-24 16:50
Flare gas emissions at South Pars to be reduced to 3 mcm
TEHRAN - The South Pars Gas Complex, a series of refineries processing Iran's largest gas field, currently burns 7.8 million cubic meters of gas per day in its flare systems. However, by the end of 2025, the country plans to reduce this flare gas emission by nearly two-thirds, aiming for a target of three million cubic meters per day, according to the complex's Head Gholam-Abbas Hosseini.
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2024-12-24 16:49
Natural gas output reaches 865 mcm per day
TEHRAN - Iran has increased its daily production of sweet gas to 865 million cubic meters, exceeding the Ministry of Oil’s daily delivery target of 845 million cubic meters, according to Mohammadreza Jolaei, Director of Production Coordination and Supervision at the National Iranian Gas Company (NIGC).
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2024-12-24 16:49
Petrochemical revenue to reach $25b amid investment surge
TEHRAN - Iran's petrochemical sector is set to increase its foreign exchange revenue to over $25 billion, bolstered by new investments in natural gas production, according to Ahmad Mahdavi, Secretary-General of the Iranian Petrochemical Employers’ Association.
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2024-12-24 16:48
Iran signs over $1.8b investment contracts with private sector for ports development
TEHRAN - Iran's Ministry of Transport and Urban Development, in collaboration with the Ports and Maritime Organization (PMO), has signed investment contracts and agreements totaling 933 trillion rials ($1.86 billion) with private sector entities to advance the country's port infrastructure and maritime services.
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2024-12-24 16:42
Iran to unveil its first AI-equipped oil well next year
TEHRAN- Iran’s vice president for science and technology said that the country will unveil its first oil well equipped with the artificial intelligence (AI) next year.
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2024-12-23 18:08
Tehran hosting intl. printing, packaging, related machinery exhibit
TEHRAN- The 31st International Printing, Packaging and Related Machinery Exhibition of Iran (IPP) kicked off at the Tehran Permanent International Fairgrounds on Monday.
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2024-12-23 17:57
Inflation rate drops 0.6%
TEHRAN - The Statistical Center of Iran (SCI) has put the average inflation rate in the twelve-month period ended on December 20, which marks the end of the ninth Iranian calendar month Azar, at 32.5 percent, falling 0.6 percent from the figure for the twelve-month ended to the eighth month.
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2024-12-23 17:47
Energy imbalance challenges highlighted at TCCIMA meeting
TEHRAN - Alireza Kolahi Samadi, head of the Industry Committee at the Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA), stated that $35 billion is required to address power shortages and modernize the country’s electricity grid.
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2024-12-23 17:40
Electricity generated by solar farms up 38% in a month on year
TEHRAN – Generation of electricity by solar farms in Iran increased by 38 percent during the ninth Iranian calendar month Azar (November 21 – December 20), as compared to the same period of time in the past year.
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2024-12-23 16:50
By Wang Xiying, reporter at CGTN (China Global Television Network)
Iranian sculptor brings artistic exchange to northeastern China
Ice artistry: Bridging cultures between two countries
HARBIN (China) - Iranian sculptor Mohammadmoslem Saeid has embarked on his first ever journey to Northeastern China since December 22, where his passion for art meets an exciting new challenge: ice sculpture. While known for his skills in wood and stone carving, Mohammadmoslem has recently expanded his craft to the icy medium. His visit to China is part of a broader effort to foster cross-cultural dialogue, and one of the highlights of his trip is participating in an ice sculpture competition in Changchun, which is not far from China's famous winter city of Harbin.
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2024-12-23 10:13
Iran exports non-oil goods worth $4.8b to UAE in 8 months
TEHRAN – Iran exported non-oil commodities valued at $4.8 billion to the United Arab Emirates (UAE) during the first eight months of the current Iranian calendar year (March 20-November 20), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
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2024-12-23 10:13
Alumina powder output up 5% in 8 months on year
TEHRAN - Production of alumina powder in Iran increased by five percent in the first eight months of the current Iranian calendar year (March 20-Novemebr 20), the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced.
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2024-12-22 15:14
Iran’s exports to D-8 countries increase by 24%
TEHRAN - The value of Iranian exports to the Developing-8 (D-8), a group of eight developing Islamic nations, increased by over 24 percent in the first eight months of the current Iranian calendar year (March 20-November 20) compared to the same period last year, according to the Islamic Republic of Iran Customs Administration (IRICA).
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2024/12/22
By Chinese Ambassador to Iran Cong Peiwu
China's economy braves the wind and the waves and sails steadily into the future
TEHRAN- The Central Economic Work Conference was held in Beijing recently. In the critical year of achieving the objectives and tasks laid down in the 14th Five-Year Plan (2021-2025), after the successful convening of the Third Plenary Session of the 20th CPC Central Committee, how this important conference will plan for China's economy has attracted worldwide attention.
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2024-12-22 14:22
Iran's daily diesel production reaches 125m liters
TEHRAN – The National Iranian Oil Refining and Distribution Company (NIORDC) has announced a 15-million-liter increase in the country's daily diesel (gasoil) production over the past four months, elevating output from 111 million liters to 125 million liters per day.
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2024-12-22 14:20
TCCIMA reviews barriers to private sector oil, gas development
TEHRAN - The 24th session of the Energy and Environment Committee of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) focused on the challenges facing private sector involvement in the development of oil and gas fields.
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2024-12-22 14:12
IMIDRO leads 2,300 mw power capacity development for mining, mineral industries
TEHRAN - The Infrastructure Director of the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that 2,300 megawatts (MW) of power for the mining and mineral industries have been successfully operationalized as part of the development of infrastructure in this sector under the guidance of the organization.
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2024-12-22 13:43
Private sector investment in Iran’s ports hits $4.4b
TEHRAN – The Ports and Maritime Organization (PMO) has announced that private sector investments in Iran's ports have reached 2.2 quadrillion rials (about $4.4 billion) through 362 active contracts as of December 2024.
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2024-12-21 16:55
Iran reports $35b in technical, engineering services exports over 3 decades
TEHRAN – Iranian companies and private sector entities have exported $35 billion worth of technical and engineering services since 1995, according to the Secretary of Iran’s Association of Construction Companies.
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2024-12-21 16:55
Mining sector achieves $8.8b in exports over 8 months
TEHRAN – Iran's Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced that the mining and mineral industries sector exported approximately $8.8 billion worth of products in the first eight months of the current Iranian year.
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2024-12-21 15:03
TCCIMA to host Eurasia trade exhibition, conference in Feb. 2025
TEHRAN - The Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA), in collaboration with the Trade Promotion Organization of Iran (TPO), will hold the third Eurasia Trade Exhibition and Conference from February 22 to 25, 2025, at Tehran Permanent International Fairgrounds.
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2024-12-21 14:57
‘13 promising weeks ahead for Iran’s capital market’
TEHRAN - The head of Iran’s Securities and Exchange Organization (SEO) has forecast a robust performance in Iran's capital market through the end of the current Iranian calendar year (late March 2025), promising 13 weeks of strong activity with one initial public offering (IPO) each week.
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2024-12-21 14:52
Solar farms capacity to rise 4,000 MW by March 2026
TEHRAN - The capacity of Iran's solar farms is going to increase by 4,000 megawatts (MW) by the end of the next Iranian calendar year (March 20, 2026), the country’s energy minister announced.
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2024-12-21 14:49
Transit of goods via Iran’s ports rises 37%
TEHRAN- Transit of commodities through the ports of Iran has increased by 37 percent in the current Iranian calendar year (started on March 20), the head of the country’s Ports and Maritime Organization (PMO) announced.
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2024-12-20 14:20
Commodities worth over $8b exported from Bushehr province in 8 months
TEHRAN – As announced by a provincial official, non-oil goods valued at $8.185 billion were exported from Bushehr province, in the southwest of Iran, during the first eight months of the current Iranian calendar year (March 20 – November 20).
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2024/12/20
By Hamoon Ardalan
Economic outlook of Iran’s trade with neighboring countries
TEHRAN- In recent years, the economic relationships between Iran and its neighboring countries have grown in both complexity and significance.
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2024-12-20 14:01
‘Stock market gains on lower interest rates, deregulation’
TEHRAN – Iran’s stock market has seen positive momentum in the past month, driven by lower interest rates, the removal of price controls, and supportive measures from the Ministry of Economy and the Securities and Exchange Organization (SEO), a market analyst said.