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2025-07-27 12:57
Agriculture Ministry aims to implement smart irrigation on 20,000 hectares by Mar. 2026
TEHRAN - Iran’s Ministry of Agriculture plans to roll out smart irrigation systems across nearly 20,000 hectares of farmland this year, pending budget approval, a senior official said, as the country intensifies efforts to boost water efficiency in the face of ongoing drought conditions.
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2025-07-27 12:56
Requests to build industrial power plants surge to 30,000MW as self-supply mandate expands
TEHRAN - Demand from Iranian heavy industries to build self-supplied power plants has reached 30,000 megawatts, a senior official at state-run Tavanir said, amid a nationwide push to ease pressure on the national electricity grid and address fuel constraints.
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2025-07-27 12:34
Financing for advanced industries sees 15% growth in Q1
TEHRAN - Iran saw a 15 percent year-on-year increase in financing for small and medium-sized enterprises (SMEs) in the advanced industries sector during the first quarter of the current Iranian year, ending June 20, 2025, the head of the country’s Fund for Supporting Research and Development in Advanced Industries said.
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2025-07-27 12:34
Agriculture sector grows 3.2% in a year, trade balance improves by $3b
TEHRAN - Iran's agriculture sector recorded a 3.2 percent growth in the Iranian calendar year ending March 2025, with agricultural exports rising by 32 percent and the sector’s trade balance improving by $3.0 billion, Agriculture Minister Gholamreza Nouri Qezeljeh said.
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2025-07-26 13:16
Iran posts largest oil revenue gain among OPEC members in 2024
TEHRAN — Iran’s oil revenues surpassed $46 billion in 2024, marking a year-on-year increase of over $5.6 billion, or 14 percent, according to the latest data from the Organization of the Petroleum Exporting Countries (OPEC).
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2025-07-26 13:14
67 urban wastewater projects to be launched by end of current administration
TEHRAN — Iran plans to bring 67 urban wastewater projects online by the end of the 14th administration, as part of efforts to expand the country's sewage infrastructure, the head of the National Water and Wastewater Engineering Company said.
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2025-07-26 12:49
Petchem products worth over $4.6b exported in Q1
TEHRAN- Iran exported petrochemical products valued at $4.684 billion during the first quarter of the current Iranian calendar year (March 21-June 21), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
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2025-07-25 15:51
Pezeshkian visits major water projects in Alborz province
TEHRAN- Iranian President Masoud Pezeshkian visited Karaj Dam, the Ziaran to Bilaghan water transmission pipeline project, and several other important projects in Alborz Province.
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2025-07-25 15:14
RAI signs 2nd private-sector deal to modernize passenger, freight fleet
TEHRAN – The Islamic Republic of Iran Railways (RAI) has launched a second round of cooperation with the private sector to modernize and renovate its passenger and freight fleet, aiming to boost seating capacity by 15 percent and improve service quality for travelers.
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2025-07-25 15:13
NIGC launches 1st smart gas network project in northeastern province
TEHRAN – National Iranian Gas Company (NIGC) has inaugurated its first smart gas network project in Khorasan Razavi Province, in the northeast of the country, installing 22 sensors across 114 critical locations to enable real-time monitoring and intelligent management of gas infrastructure, the company’s head announced.
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2025-07-25 15:10
Energy Ministry aims to add 1,000 MW of solar power monthly amid summer electricity crunch
TEHRAN – Iranian Energy Ministry plans to bring 1,000 megawatts of new solar power online each month during the hot season, a senior energy official said, as the country faces growing electricity demand driven by extreme summer heat.
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2025-07-23 15:19
ICCIMA calls for reshaping economic governance, empowering private sector in post-war recovery
TEHRAN – Following the recent 12-day conflict, Iranian economists and business leaders are calling for a fundamental restructuring of the country’s economic governance, emphasizing the need to boost the private sector’s share in the economy and transition from a state-dominated model to a more dynamic, resilient system.
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2025-07-23 15:13
Iran approves Maku free zone master plan, boosting China-Europe rail link
TEHRAN - Iran has approved the long-awaited master plan for the Maku Free Trade Zone after 12 years, a move officials say could unlock economic potential and advance the country’s east-to-west rail ambitions connecting China to Europe.
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2025-07-23 15:08
Isfahan refinery begins using seawater, secures 700,000 cubic meters monthly
TEHRAN – Isfahan Oil Refining Company has launched the pilot operation of the first phase of a major seawater transfer project, aiming to supply around 700,000 cubic meters of water each month to the refinery, its head announced.
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2025-07-22 14:16
National smart free zones project unveiled to promote digital governance
TEHRAN - Iranian President Masoud Pezeshkian on Monday launched a national smart transformation initiative for the country’s free trade and special economic zones, unveiling three digital platforms aimed at boosting transparency, efficiency, and tourism.
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2025-07-22 14:16
Iran approves emergency plan to boost oil output by 250,000 bpd with NDF backing
TEHRAN - Iran’s top economic council has approved an emergency plan to increase daily crude oil production by 250,000 barrels, with 80 percent of the funding to be provided by the National Development Fund (NDF), the country’s sovereign wealth fund.
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2025-07-22 13:55
Government’s production support package indicates facilitation, removal of obstacles: ICCIMA head
TEHRAN- The head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said that the government’s production support package indicates facilitation and removal of obstacles.
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2025-07-21 13:17
Tax revenues up 51.7% in year to March
TEHRAN - Iran’s tax revenues rose by more than half in the calendar year to late March amid efforts by the government to diversify the economy and reduce its dependence on oil exports.
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2025-07-21 13:17
Exports to Eurasian bloc rise 22% in Q1 under free trade pact
TEHRAN - Iran’s exports to the Eurasian Economic Union (EAEU) grew by 22 percent in the first quarter of this year, reaching $532 million, according to Elham Haji Karimi, head of the secretariat for the Iran-EAEU Free Trade Agreement.
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2025-07-21 13:16
Iran’s trade with neighbors tops $13b in spring
TEHRAN - Iran’s trade with its 15 neighboring countries exceeded $13.42 billion in the spring of the current Iranian year, according to the Islamic Republic of Iran Customs Administration (IRICA). Between March 20 and June 21, around 23 million tons of goods were exchanged, reflecting a 17 percent decline in volume and a 16 percent drop in value compared to the same period last year.
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2025-07-20 13:04
Oil pipeline network to expand beyond 15,000 km as key projects near completion
TEHRAN – Iran’s national oil and petroleum products pipeline network will soon exceed 15,000 kilometers, following the completion and commissioning of several major transmission projects across the country, according to the head of the National Iranian Oil Engineering and Construction Company (NIOEC).
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2025-07-20 12:49
RAI signs $176m railway investment agreement to upgrade passenger fleet
TEHRAN – The Islamic Republic of Iran Railways (known as RAI) signed an investment agreement worth 882 trillion rials (approximately $176 million) with Raja Rail Transportation Company and Rail Tarabar Saba Company to develop and upgrade the country’s passenger rail fleet.
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2025-07-20 12:33
ICCIMA proposes special economic measures committee to boost private sector role in economy
TEHRAN – The head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) Samad Hassanzadeh has called for the creation of a Special Committee for Economic Measures, led by the Government-Private Sector Dialogue Council, as a means to expand the role of the private sector and navigate the challenges of war and international sanctions.
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2025-07-19 14:12
SATBA advances construction of 1,000 solar power plants to boost grid stability
TEHRAN - Iran’s Renewable Energy and Energy Efficiency Organization (SATBA) has reported significant progress in the construction of 1,000 local solar power plants, each with a capacity of 3.0 megawatts, as part of a nationwide effort to expand clean energy infrastructure and enhance grid efficiency.
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2025-07-19 13:50
Iran-Armenia trade approaches $1b as economic, tourism ties grow
TEHRAN - Bilateral trade between Iran and Armenia has reached nearly $1.0 billion, reflecting deepening economic ties between the two neighbors, according to Iran’s ambassador to Yerevan.
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2025/07/19
By Mahnaz Abdi
National Iranian Drilling Company ready to play a more prominent regional role
TEHRAN- National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company (NIOC), is a key player in Iran's oil and gas industry, responsible for drilling operations.
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2025-07-18 15:11
Petrochemical sector stays on track despite conflict, eyes annual targets
TEHRAN – Iran’s petrochemical industry remains committed to achieving its development goals for the current year, despite disruptions caused by a 12-day conflict triggered by Israeli airstrikes, a senior official said.
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2025-07-18 15:00
Iran boosts oil output by 38,000 bpd at South Azadegan field
TEHRAN – Iran has increased crude oil production by 38,000 barrels per day (bpd) at its South Azadegan oilfield over the past 10 months, following the successful drilling and completion of 17 wells, the head of Petropars, the company developing the field, said.
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2025-07-18 14:55
Tehran to launch capital’s largest solar power plant amid national renewables push
TEHRAN – Iran’s largest solar power plant located in central Tehran is nearing completion and will soon come online as part of a sweeping national push to expand renewable energy, a senior official said.
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2025-07-16 17:16
Iran’s heavy crude price rises 9.2% in June: OPEC
TEHRAN – The price of Iran’s heavy crude oil climbed by $5.88, or 9.2 percent, in June compared to May, reaching $69.13 per barrel, according to OPEC’s latest monthly report.