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2021-06-07 15:34
By Mahnaz Abdi
Iranian ports’ capacity can double in a 5-year course
TEHRAN- Iran’s ports, as the major gates of exports and imports, play some significant role in the country’s global trade, and the ongoing operation at the ports indicates that they are playing their part perfectly in this regard.
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2021-06-07 15:26
By Ebrahim Fallahi
Iran’s presidential election: private sector expectations and demands
TEHRAN – Iran is on the verge of yet another political turning point as the current government incumbency gets closer to its end and seven new presidential candidates line up to try their luck for leading the next government.
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2021-06-07 13:36
Tehran, Baku discuss expansion of trade ties
TEHRAN – Expansion of economic ties between Iran and Azerbaijan was discussed in a meeting between the Iranian Ambassador to Baku Abbas Mousavi and Azerbaijan’s Deputy Economy Minister Elnur Aliyev, IRNA reported on Monday.
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2021-06-06 13:08
Tehran, Seoul expected to resume trade within 3 months
TEHRAN - Head of the Iran-South Korea Joint Chamber of Commerce has announced the trade between the two countries is expected to resume in the next three to five months, IRNA reported.
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2021-06-06 11:44
Iran, EAEU soon to begin talks over establishing free trade zone
TEHRAN - Iran and the Eurasian Economic Union (EAEU) are set to begin negotiations on a full-fledged joint free trade zone in the near future, the press service of the Eurasian Economic Commission (EEC) announced.
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2021-06-06 11:38
Post-sanction Iran able to boost oil output to 6m bpd: Lukoil
TEHRAN - Vice President of Russia’s giant Lukoil Company has said Iran is able to quickly boost its oil output to six million barrels per day (bpd) if the U.S. sanctions are lifted, Russian state-owned Tass reported.
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2021-06-06 11:32
Over 145m Kwh of electricity generated from renewable sources in a month
TEHRAN – Iranian renewable power plants generated over 145 million kilowatt-hours (Kwh) of electricity in the second month of the current Iranian calendar year (April 21-May 21), IRIB reported.
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2021-06-06 11:03
Monthly sponge iron export rises 250% year on year
TEHRAN- The export of Iran’s sponge iron increased 250 percent during the first month of the current Iranian calendar year (March 21-April 20) as compared to the first month of the previous year, Iranian Industry, Mining and Trade Ministry announced.
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2021-06-02 14:49
E-commerce contribution to Iran’s GDP rises nearly 2.5 times
TEHRAN - The share of e-commerce in Iran’s gross domestic product (GDP) has increased by 2.4 times, Finance and Economic Affairs Minister Farhad Dejpasand announced.
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2021-06-02 14:21
Iran to import 140MW of electricity from Turkmenistan
TEHRAN- Iranian Energy Ministry's Spokesman for Electricity Industry Mostafa Rajabi Mashhadi said the country will import 140 megawatts (MW) of electricity from Turkmenistan in a bid to meet domestic power need.
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2021-06-02 12:27
Iran will return to oil market as soon as sanctions are lifted: Zanganeh
TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh has said Iran is ready to return to the oil market as soon as the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) is revived and the U.S. sanctions are lifted, Shana reported.
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2021-06-01 16:20
Iran’s biggest cement production line inaugurated
TEHRAN – Iran’s biggest cement production line was put into operation in northern Alborz Province’s Abyek Cement Complex on Tuesday in a ceremony attended by the Industry, Mining, and Trade Minister Alireza Razm Hosseini, Shata reported.
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2021-06-01 13:16
Exports from Shahid Rajaee port rises 49% in 2 months on year
TEHRAN- Exports from Shahid Rajaee port, Iran’s largest and best-equipped container port, increased 49 percent in the first two months of the current Iranian calendar year (March 21-May 21), as compared to the same period of time in the past year, according to a provincial official.
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2021-06-01 12:21
Annual exports of polymer products exceed $1.3b
TEHRAN – Iran exported over $1.31 billion worth of polymer products in the previous Iranian calendar year (ended on March 20), according to the chairman of the Export Committee of Iran National Plastic and Polymer Industries Association.
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2021-05-31 15:50
Iran, Azerbaijan discuss expansion of energy ties
TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh held talks with Azerbaijan's Deputy Prime Minister Shahin Mustafayev on Sunday to discuss expansion of economic and energy ties.
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2021-05-31 15:30
Domestic firms ink MOUs to conduct development study on Azadegan field
TEHRAN – National Iranian Oil Company (NIOC) has awarded the development study of Azadegan oil field to five domestic companies, Shana reported.
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2021-05-31 11:57
Monthly steel products export up 215% year on year
TEHRAN- Iran’s export of steel products increased 215 percent during the first month of the current Iranian calendar year (March 21-April 21), as compared to the same period of time in the past year.
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2021-05-30 16:17
Tehran, Baghdad take new steps for expanding economic ties
TEHRAN - Iraqi Finance Minister Ali Abdul-Amir Allawi has visited Iran on top of a high-ranking delegation to hold talks with senior Iranian officials for discussing ways of expanding economic ties between the two neighbors.
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2021-05-30 14:53
Monthly production of refrigerators, freezers jumps 115% yr/yr
TEHRAN- Manufacturing of refrigerators and freezers in Iran during the first month of the current Iranian calendar year (March 21- April 20) has risen 115 percent from that of the same month in the previous year, IRNA reported citing the data released by the Ministry of Industry, Mining and Trade.
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2021-05-30 11:32
Manufacturing of 32 major industrial, mining products rises in a month
TEHRAN – The production of 32 major mining and industrial products has increased in the first month of the current Iranian calendar year (March 21-April 20), compared to the same period of time in the past year, Iranian Deputy Industry Minister Saeed Zarandi said.
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2021-05-29 16:04
Production of special cement for oil field drilling operations indigenized
TEHRAN – Managing Director of Kaveh Pars Mining Industries Development Company, which belongs to Iran’s Mostazafan Foundation, announced that one of the company subsidiaries has indigenized the knowledge for producing a special type of cement used for shotcrete in oil and gas field wells.
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2021-05-29 13:51
Iran to use $125m of assets held in Iraq to buy Covid-19 vaccines
TEHRAN – Iranian Energy Minister Reza Ardakanian, who is the chairman of the Iran-Iraq Joint Economic Committee, has said Iraq is going to transfer $125 million of its energy dues to Iran to a European bank to be paid for 16 million COVAX Covid-19 vaccines.
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2021-05-29 13:08
Indonesia releases seized Iranian oil tanker
TEHRAN - Iranian-flagged VLCC Horse, belonging to the National Iranian Tanker Company (NITC), which was detained by Indonesian authorities in late January, was released on Friday and will return to Iran after completing its mission.
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2021-05-28 14:00
Steel ingot export rises 135% in a month on year
TEHRAN- Iran’s export of steel ingots increased 135 percent during the first month of the current Iranian calendar year (March 21-April 21), as compared to the same period of time in the past year.
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2021-05-28 13:49
Annual home appliance exports stand at $200m
TEHRAN - Iran exported $200 million worth of home appliances during the previous Iranian calendar year (ended on March 20), according to an official with the Industry, Mining and Trade Ministry.
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2021-05-28 13:49
Tehran, Moscow confer on joint investment in agricultural sector
TEHRAN – Iranian Agriculture Minister Kazem Khavazi met with his Russian counterpart Dmitry Patrushev to discuss potential areas for expanding cooperation in agricultural sectors, IRNA reported on Thursday.
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2021-05-26 13:57
By Mahnaz Abdi
Transit of goods via Iran rising
Today, transit has become more important due to the expanded global trade relations and the intensity of competition for new markets. So that many countries have achieved huge incomes in this way by planning and making optimal use of their transit opportunities and facilities.
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2021-05-26 13:46
Non-oil exports hit $6.3b in 2 months, up 48% yr/yr
TEHRAN – The value of Iran’s non-oil exports reached $6.3 billion in the first two months of the current Iranian calendar year (March 21-May 21), up 48 percent compared to the last year’s same period, IRIB reported on Wednesday quoting the head of the Islamic Republic of Iran Customs Administration (IRICA).
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2021-05-26 11:47
Quarterly trade between Iran, Turkey rises 53%
TEHRAN- The value of trade between Iran and Turkey rose by 53 percent in the first quarter of 2021 from the first quarter of 2020, Tehran Chamber of Commerce, Industries, Mines, and Agriculture (TCCIMA) reported, based on the official statistics released by Turkey.
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2021-05-25 13:45
Thermal power plants’ output to increase 3,500 MW by Friday
TEHRAN- As announced by the managing director of Iran’s Thermal Power Plants Holding Company (TPPH), the output of the country’s thermal power plants will be increased by 3,500 megawatts (MW) by the end of the current Iranian calendar week (Friday).