Today News
  • trade 2021-05-24 15:50

    Iran, Kazakhstan target $1b in annual trade

    TEHRAN – Head of Iran-Kazakhstan Joint Chamber of Commerce said the two countries have the potential to boost their annual trade to $5 billion, however considering the current conditions the two sides have targeted $1 billion in trade over a 3-5 year period.

  • railway 2021-05-24 15:50

    Railway fleet to receive 1,500 renovated wagons, locomotives

    TEHRAN - Iranian Transport and Urban Development Ministry plans to renovate 1,500 wagons and locomotives to be added to the country’s railway fleet by the end of the current Iranian calendar year (March 20, 2022), Transport Minister Mohammad Eslami announced.

  • electricity 2021-05-24 13:54

    By Ebrahim Fallahi

    Power outages in Iran, reasons & solutions

    TEHRAN – With the early arrival of the hot season across Iran, once again the issue of electricity shortage and systematic power outages has come under the spotlight. These days Iranians are left in the dark for several hours each day based on a pre-planned outage program implemented by the Energy Ministry.

  • NIDC 2021-05-23 15:09

    NIDC digs 17 oil, gas wells in 2 months

    TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 17 oil and gas wells during the first two months of the current Iranian calendar year (March 21– May 21), an official with the company said.

  • inflation 2021-05-23 13:21

    Inflation rate up 2%: SCI

    TEHRAN- The Statistical Center of Iran (SCI) announced that the inflation rate in the twelve-month period ended on April 20, which marks the end of the second Iranian calendar month of Ordibehesht, stood at 41 percent, rising two percent from the figure for the twelve-month period ended on the last day of the first month.

  • gas industry 2021-05-23 11:21

    Indigenization of equipment saves Iranian gas industry $19m a year

    TEHRAN - The indigenization of the knowledge for the production of equipment and materials needed in the gas industry is saving Iran $19 million every year, an official with the National Iranian Gas Company (NIGC) announced.

  • highways 2021-05-22 12:03

    Over 1,600km of freeways, highways to be inaugurated by Mar. 2022

    TEHRAN – Iranian Deputy Transport and Urban Development Minister Kheirollah Khademi has said 440 kilometers (km) of freeways and 1,200 km of highways will be added to the country’s road network by the end of the current Iranian calendar year (March 2022).

  • Jask 2021-05-22 11:26

    Jask terminal ready to receive crude oil from Gulf of Oman

    TEHRAN- Jask oil terminal, in southern Iran, is ready to receive crude oil from the Gulf of Oman, the managing director of Pars Oil and Gas Company (POGC) stated.

  • Home appliance 2021-05-22 11:00

    Home appliance industry registers annual growth of 78%

    TEHRAN- Iran’s Deputy Industry, Mining and Trade Minister Mehdi Sadeqi Niaraki said that the country’s home appliance industry experienced a 78-percent growth in the past Iranian calendar year (ended on March 20).

  • industry 2021-05-21 12:23

    Top firms sign deals worth over $71b to conduct industrial projects

    TEHRAN – Five of Iran’s top enterprises have signed memorandums of understanding (MOUs) with the Industry, Mining, and Trade Ministry to invest three quadrillion rials (about $71.4 billion) in industrial projects.

  • copper 2021-05-21 12:07

    NICIC inks $4.5b MOU with Industry Ministry

    TEHRAN – National Iranian Copper Industries Company (NICIC) has signed a memorandum of understanding (MOU) worth $4.5 billion with the Industry, Mining and Trade Ministry for implementing 26 projects in the mining and mineral industries sector.

  • gasoline 2021-05-21 12:02

    Monthly gasoline consumption drops 8%

    TEHRAN - Gasoline consumption in Iran has decreased by eight percent in the second month of the current Iranian calendar year (April 21-May 21) compared to the figure for the previous month.

  • petchem 2021-05-21 12:02

    Petrochemical projects worth over $1.3b go operational

    TEHRAN – President Hassan Rouhani on Thursday inaugurated three major petrochemical projects worth $1.304 billion in southwestern Iran through a video conference.

  • Iran-China 2021-05-19 17:10

    Iran, China ink customs co-op document

    TEHRAN- During an online meeting held on Wednesday, Iran and China inked a document on customs cooperation.

  • pipeline 2021-05-19 13:30

    Iran starts pumping oil into strategic Goreh-Jask pipeline

    TEHRAN – Managing director of the National Iranian Oil Company (NIOC) has announced the beginning of oil transfer operation through Goreh-Jask pipeline which is laid from Goreh oil terminal in the southwestern Bushehr Province to Jask oil terminal along the Gulf of Oman.

  • russia 2021-05-19 12:23

    Tehran, Moscow stress expansion of trade ties

    TEHRAN - Iran’s Ambassador to Moscow Kazem Jalali and Adviser to the President of the Russian Federation Anton Kobyakov, in a meeting on Tuesday, stressed the need for expansion of economic and cultural cooperation between the two countries.

  • water 2021-05-18 14:42

    Over $761m allocated for emergency water supply in dry regions

    TEHRAN – Iranian Energy Minister Reza Ardakanian has announced the allocation of 32 trillion rials (about $761.2 million) for emergency water supply in provinces that are facing severe water shortage in the current Iranian calendar year (started on March 21).

  • electricity 2021-05-18 14:42

    Electricity projects worth $80m put into operation in 3 provinces

    TEHRAN – Iranian Energy Minister Reza Ardakanian inaugurated 10 electricity projects worth 3.36 trillion rials ($80 million) in 10 provinces on Tuesday, in the seventh week of the ministry’s A-B-Iran program in the current Iranian calendar year (started on March 21).

  • corona 2021-05-18 14:42

    Govt. pays over $18.3 billion in a year to compensate for pandemic damages

    TEHRAN – Iranian government spent a total of 770 trillion rials (about $18.33 billion) to compensate for the negative impacts of the coronavirus pandemic on people’s livelihood and businesses and to support the country’s healthcare sector during the previous Iranian calendar year (ended on March 20).

  • TCCIMA 2021-05-17 15:29

    TCCIMA proposes policy package to reform economy

    TEHRAN – Representatives of the Iranian private sector at Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) in a meeting on Monday presented a policy package that according to its creators is going to reform the country’s economy and solve many of the current economic issues.

  • electricity 2021-05-17 15:17

    By Mahnaz Abdi

    Programs underway to prevent power outage in peak consumption period

    TEHRAN- The rising trend of electricity consumption in Iran has created serious concerns about power outage in the summer peak period.

  • farzad B 2021-05-17 14:04

    NIOC awards Farzad-B gas field development project to domestic firm

    TEHRAN – National Iranian Oil Company (NIOC) has signed a $1.78 billion deal with a domestic company called Petropars for the development of Farzad-B gas field in the Persian Gulf, Shana reported.

  • MAPNA 2021-05-17 11:32

    MAPNA group producing over 200 high-tech industrial products

    TEHRAN – Managing Director of Iran’s MAPNA group has said his company is currently producing over 200 types of high-tech industrial products, IRNA reported.

  • oil 2021-05-16 15:43

    Iran preparing for a strong comeback to oil market

    TEHRAN - Iran is gradually boosting crude oil production to get ready for a strong comeback into the global market as the talks with world powers over the 2015 nuclear deal show signs of progress.

  • kheibari 2021-05-16 13:42

    Eastern fields produce 16 bcm of gas in a year

    TEHRAN – Managing Director of Iran’s East oil and Gas Production Company (EOGC) has announced the production of 16 billion cubic meters (bcm) of natural gas - 43 million cubic meters per day (mcm/d) - in the previous Iranian calendar year (ended on March 20).

  • water 2021-05-16 13:11

    Energy Ministry taking serious measures to manage water resources

    TEHRAN – Iranian Energy Minister Reza Ardakanian has said his ministry is taking serious measures for reforming the country’s water structure and for managing water resources, IRNA reported.

  • subsidy 2021-05-15 14:31

    Subsidy reform plan allocates $7.6b to support domestic production

    TEHRAN – Managing Director of Iranian Organization of Targeted Subsidies has said that 320 trillion rials (about $7.61 billion) of the revenues earned from the government’s subsidy reform plan has been allocated for supporting domestic production in the current Iranian calendar year (started on March 21).

  • Trade 2021-05-15 13:42

    By Mahnaz Abdi

    Major strategies to boost trade between Iran, Armenia

    TEHRAN- Expansion of trade with the neighboring countries, especially boosting exports to the neighbors is one of the major policies that Iran is seriously pursuing to nullify the effects of the U.S. sanctions on its economy.

  • trade zone 2021-05-15 13:24

    By Ebrahim Fallahi

    Iran taking big steps for development of free trade, special economic zones

    TEHRAN – Over the past two decades, free and special economic zones have played a significant role in Iran’s economy, and the Iranian government has been seriously pursuing a program for the development of the existing zones and establishing new ones.

  • mohammadi 2021-05-14 13:42

    NPC’s plan for diversifying petchem products underway

    TEHRAN – Managing director of National Petrochemical Company (NPC) said the company is seriously pursuing a plan for diversifying the product basket of the country’s petrochemical industry by implementing new projects in the downstream sector.