Finance Ministry outlines plans to materialize ‘Surge in Production’

TEHRAN- Iranian Finance and Economic Affairs Ministry has outlined a roadmap to materialize the motto of the current Iranian calendar year (started on March 20) which is “surge in Production”, the deputy finance and economy minister stated.

Annual worth of trades at TSE rises 2.6 folds

TEHRAN- The value of trades at Tehran Stock Exchange (TSE), the main stock exchange of Iran, jumped 2.6 folds in the past Iranian calendar year (ended on March 19), TSE Head Ali Sahraei announced.

By: Ebrahim Fallahi

Indigenizing petchem catalysts: a big step toward total independence

TEHRAN – As the second-biggest source of revenue for Iran, the petrochemical industry is one of the most important pillars of the country’s resilient economy and one of the main suppliers of foreign currency especially the euro for the country.

Over $17.8b of facilities to be paid to production units

TEHRAN- Iranian banking system will offer 750 trillion rials (about $17.85 billion) of facilities to the production units hurt by the current economic condition in the country, the governor of Central Bank of Iran (CB) announced.

Average daily gasoline consumption at 49m liters

TEHRAN- Daily gasoline consumption in the country reached 49.3 million liters on average from the beginning of current Iranian calendar year (March 20) until Friday , managing director of National Iranian Oil Products Distribution Company (NIOPDC) announced.

Drinking water supplied to 859 villages in 6 months

TEHRAN- Drinking water was supplied to 859 villages with the population of 504,000 people throughout the country in the second of the past Iranian calendar year (September 22, 2019-March 19, 2020), IRNA reported.

Agriculture sector grows 7.4% in a year

TEHRAN- Agriculture sector experienced a growth of 7.4 percent in Iran in the past Iranian calendar year (ended on March 19), deputy agriculture minister for resources management and development announced.

Number of real estate deals falls 70% in a month

TEHRAN- The number of real estate deals in Iran has dropped 70 percent in the past Iranian calendar month of Esfand (ended on March 19) which is also the last month of the Iranian calendar year, ILNA reported quoting the vice chairman of Iranian Real Estate Agencies.

Domestic production to save Iran over $3b in a year

TEHRAN- Domestic production of industrial and mining products is planned to save the country over $3 billion in the current Iranian calendar year (began on March 20), Iranian deputy industry, mining , and trade minister for planning announced.

IRICA offering 18 new incentives to support export

TEHRAN- Islamic Republic of Iran Customs Administration (IRICA) is offering 18 new incentives to the country’s exporters in a bid to support exports, IRIB reported on Friday.

Power plants receive 61 bcm of gas in a year

TEHRAN - National Iranian Gas Company (NIGC) Dispatching Director Mehdi Jamshidi Dana announced that 61 billion cubic meters (bcm) of gas has been supplied to the country’s power plants during the past Iranian calendar year (ended on March 19).

Annual loading, unloading of cargos at Iran's ports rise 6%

TEHRAN- Loading and unloading of commodities at the ports of Iran have risen six percent during the past Iranian calendar year (ended on March 19), the head of Iran’s Ports and Maritime Organization (PMO) announced.

Annual loading, unloading of basic commodities up 136% in Chabahar Port

TEHRAN- Loading and unloading of basic goods in Iran’s Chabahar Port have increased 136 percent during the past Iranian calendar year (ended on March 19) compared to its preceding year, according to an provincial official.

Energy Ministry to inaugurate 38 major water, electricity projects in spring

TEHRAN- Iranian Energy Ministry plans to inaugurate 15 major projects in water and electricity sectors during spring, which corresponds to the first quarter of the Iranian calendar year, IRNA reported.

IMIDRO revives 146 small and medium mines in a year

TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) managed to revive 146 small and medium-sized mines across the country during the past Iranian calendar year (ended on March 19), the head of organization announced.

PMO to pay $857m for fleet supply in a year

TEHRAN- Iran’s Ports and Maritime Organization (PMO) will pay 36 trillion rials (about $857 million) for supplying marine fleet during the current Iranian calendar year (began on March 20), the managing director of organization announced.

Integrated forex market to start operation officially in spring

TEHRAN- Iran’s integrated forex market, which has been operating in a trial stage, will be officially launched during summer, IRNA reported, quoting an official with the Central Bank of Iran (CBI).

By Ebrahim Fallahi

South Pars gas field: Crown jewel of Iran’s gas industry

TEHRAN – As the crown jewel of Iran’s energy industry, the giant South Pars gas field (which Iran shares with Qatar in the Persian Gulf) has nearly reached its full potential and Iran’s gas production from the field is said to have surpassed that of the rival Qatar.

IIEC outlines plans to materialize ‘Surge in Production’

TEHRAN- The managing director of Iran International Exhibitions Company (IIEC) outlined the company’s plans and programs to materialize the motto of this Iranian calendar year, which is named the year of “Surge in Production” by the Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei.

Inflation rate falls 2.2%: SCI

TEHRAN- The Statistical Center of Iran (SCI) announced that the inflation rate in the twelve-month period ended on March 19, which marks the end of the past Iranian calendar year, stood at 34.8 percent.

By: Ebrahim Fallahi

How to fund oil projects in the absence of oil money?

TEHRAN – These days, the oil market is facing an unprecedented crisis; on one hand the demand for oil has fallen drastically due to the slowdown in the global economy following the coronavirus outbreak and on the other hand the start of a price war between Saudi Arabia and Russia hit the market so hard that oil crashed to a level not seen in 29 years.

Annual non-oil trade at $85b

TEHRAN- The value of Iran’s non-oil trade stood at $85 billion in the past Iranian calendar year of 1398 (ended on March 19, 2020), the head of Islamic Republic of Iran Customs Administration (IRICA) announced.

Iran’s annual horticultural output at nearly 13m tons: SCI

TEHRAN – Iran’s horticultural output is expected to reach 13 million tons in the current Iranian calendar year (ends on March 19), IRNA reported on Tuesday, citing a Statistical Center of Iran (SCI) survey.

Iran authorizes 74 domestic companies to build petro-refineries

TEHRAN – Iranian Oil Ministry has authorized 74 domestic companies for the construction of petro-refineries across the country, IRNA reported on Monday, quoting Deputy Oil Minister for Planning Houshang Falahatian as saying.

NISOC to start 7 new projects to develop southern oil fields

TEHRAN – Managing director of National Iranian South Oil Company (NISOC) said the company was about to begin seven new development projects in southern Iran, under the framework of a program for maintaining and enhancing oil production in 28 reserves in the mentioned region, Shana reported.

Rouhani inaugurates Hemmat-Karaj Freeway

TEHRAN – Iranian President Hassan Rouhani officially inaugurated the Hemmat-Karaj Freeway on Tuesday, IRNA reported.

Non-oil trade at $78.5b in 11 months

TEHRAN- The value of Iran’s non-oil trade stood at $78.5 billion during the eleven-month period from March 21, 2019 until February 19, 2020, IRIB reported on Tuesday, citing the data released by the Islamic Republic of Iran Customs Administration (IRICA).

Knowledge-based firms indigenize 50 strategic products in water, electricity sector

TEHRAN- Iranian knowledge-based companies have indigenized the technology for manufacturing 50 strategic products applied in the water and electricity sector of the country in the current Iranian calendar year (ends on March 19), the managing director of Iranian Electrical Power Equipment Manufacturing and Provision Company (known by its Persian acronym SATKAB) told IRIB on Tuesday.

What is activated carbon or activated charcoal

Activated carbon or activated charcoal is one of the most widely used substances in the water treatment industry, which is mostly produced in powder and granular forms. The main applications of activated carbon are separating the pigments, odors, tastes and chlorine from the water in the food and chemical industry, aquarium, domestic and industrial water treatment and in cleansing the skin and teeth.

Over $1.5b pumped into NIMA since Feb. 20: CBI

TEHRAN – More than $1.5 billion of foreign currency has been provided in the country’s foreign exchange secondary market (locally known as NIMA) for the imports of basic goods since the beginning of the current Iranian calendar month of Esfand (February 20, 2020), IRIB reported.