9-month aluminum ingot production exceeds 185,000 tons

TEHRAN- Iran’s major aluminum producers produced 185,570 tons of aluminum ingots during the first nine months of the current Iranian calendar year (March 21-December 21), IRNA reported citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

CNG consumption up 31% following gasoline rationing

TEHRAN – Consumption of compressed natural gas (CNG) in Iran has increased by 31 percent since the implementation of the gasoline rationing scheme, according to the National Iranian Oil Refining and Distribution Company (NIORDC).

Iran boosts Darkhoein oilfield’s production capacity

TEHRAN - Production capacity of Darkhoein oil field in southwestern Iran is increased by 20,000 barrels per day (bpd) over the course of the past 12 months, Shana reported, quoting the head of Arvandan Oil and Gas Company, which is in charge of the field.

Iran’s biggest APG processing plant to go on stream soon

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said the country’s biggest plant for collecting and processing of Associated Petroleum Gas (APG) is going to be launched early next calendar year which begins on March 20.

Iran, Zimbabwe discuss expansion of trade co-op

TEHRAN – Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) met with the Zimbabwean ambassador to Tehran Christopher Mapanga on Tuesday to discuss expansion of mutual trade relations.

Tehran hosting exhibition on Iran’s export potentials

TEHRAN - The Fourth Export Potentials Exhibition of Iran (IRAN EXPO) kicked off in Tehran’s Shahr-e-Aftab International Fairground on Tuesday.

TPO holds 1st meeting of Commodity-Country Desk on trade with Iraq

TEHRAN- Iran’s Trade Promotion Organization (TPO) held the first meeting of its Commodity-Country Desk on trade with Iraq presided by Farzad Piltan, the director-general of TPO’s Office of Arabian and African Countries.

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400 kilometers of highways to be inaugurated by Feb. 11

TEHRAN – About 400 kilometers of highways will be inaugurated throughout Iran during the Ten-Day Dawn (Feb. 1-11 which marks the 41st anniversary of the Islamic Revolution), IRNA reported, quoting Deputy Transport Minister Kheirollah Khademi.

Iran not relying on Swiss mechanism for supplying medicine, basic goods

TEHRAN – Central Bank of Iran (CBI) Governor Abdolnasser Hemmati has said Iran is not relying on the recently launched Swiss-based mechanism for supplying agricultural commodities and medicine.

TPO, ISIPO to co-op for promoting SMEs exports

TEHRAN – Iranian Trade Promotion Organization (TPO) and Iran Small Industries and Industrial Parks Organization (ISIPO) discussed cooperation for the promotion of exports by the country’s small and medium-sized enterprises (SMEs).

Iran has capacity for $31b of exports to 3 neighbors: official

TEHRAN - The Chairman of Iran-Iraq Chamber of Commerce said on Tuesday Iran has the capacity to export $31 billion worth of products to the neighboring countries of Iraq, Afghanistan, and Pakistan.

Exports of dairy products to reach 1m tons by mid-March

TEHRAN – Iran is expected to export over 1 million tons of dairy products by the end of the current Iranian calendar year (March 20), according to the deputy agriculture minister.

Foreign investment in Iran up 50% in 10 months

TEHRAN - Foreign investment in Iran has risen 50 percent during the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020) from the same period of time in the past year, Iranian Finance and Economic Affairs Minister Farhad Dejpasand announced.

23 major gas projects to be inaugurated during "Ten-Day Dawn"

TEHRAN – Managing Director of Iran Gas Engineering and Development Company (IGEDC) said 23 major gas supplying projects are going to go operational or begin during the Ten-Day Dawn (Feb. 1-11 which marks the 41st anniversary of the Islamic Revolution), IRIB reported.

By Mahnaz Abdi

FTA with EAEU, a turning point for Iran’s trade

After several years of negotiations, Iran and Eurasian Economic Union (EAEU) finally reached a free trade agreement (FTA) in 2018 based on which about 862 commodity items are subject to preferential tariffs.

9 airport projects to go operational during “Ten-Day Dawn”

TEHRAN – Nine major airport infrastructure projects will be inaugurated across Iran during the Ten-Day Dawn which marks the 41st anniversary of the Islamic Revolution, Mehr news agency reported, quoting an official with Iran Airport Company (IAC).

High surge in stock markets

TEHRAN- Tehran Stock Exchange (TSE) witnessed a jump of its main index, TEDPIX, on Monday as the index rose 10,664 points to 438,881, IRNA reported.

‘Transportation fleet in urgent need of modernization’

TEHRAN – Iranian transport and urban development minister said on Monday that the modernization of the country’s transportation fleet should continue in the form of a smart movement and bureaucratic processes should be minimized in this regard.

Tehran hosting intl. expo of oil industries downstream sector

TEHRAN - The first edition of Iran International Downstream Oil Industries Exhibition kicked off at the Tehran Permanent International Fairgrounds on Sunday, IRIB reported.

NISOC indigenizes manufacturing of over 1,000 oil equipment items

TEHRAN - Managing Director of National Iranian South Oil Company (NISOC) says his company has successfully indigenized the knowledge for the production of over 1,000 oil equipment items over the past 12 months, Shana reported.

OPEC should take action to calm the stressed market: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that OPEC nations should try to balance the oil market which has tumbled as the worries over the impacts of the coronavirus continue to grow.

Steel ingots, products export up 46% in 9 months on year

TEHRAN- Iran’s export of steel ingots and steel products has increased 46 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2019), IRNA reported on Monday citing the data released by the Association of Iranian Steel Producers.

NIMA supplies over €25b for imports of goods, services since April 2018

TEHRAN - Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied over €25 billion for imports of goods and services since it was launched in April 2018 up to February 1, 2020, IRNA reported.

133 major energy projects inaugurated across Iran

TEHRAN – Iranian Energy Minister Reza Ardakanian said on Saturday that 133 major energy projects have been inaugurated across the country in recent months, IRNA reported, citing the portal of the Energy Ministry (Paven).

Iran’s industrial producer inflation turns negative

TEHRAN – Iran’s industrial producer inflation has dropped to -2.3 percent in autumn (September 23-December 21, 2019) for the first time in four years, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

Tehran hosting intl. building, property expo

TEHRAN – The first edition of Iran’s international exhibition of building and property (Iran Build and Property Show 2020) kicked off at Tehran Permanent International Fairgrounds on Sunday, IRNA reported.

China shipped in over 295,000 bpd of Iranian oil in 2019: customs

TEHRAN – China imported 295,400 barrels per day (bpd) of Iranian crude oil on average during 2019, despite U.S. pressure to wipe out oil exports from Iran to the country, IRNA reported, citing Chinese customs data. 

Iran to build over 30,000 housing units in Syria

TEHRAN – Iran’s Transport and Urban Development Ministry has signed an agreement with Syria’s Ministry of Public Works and Housing based on which Iranian companies are going to construct over 30,000 housing units in the neighboring country.

Tehran Stock Exchange ranks 2nd among WFE members

TEHRAN – Tehran Stock Exchange (TSE) has been ranked as the second best performer among the members of the World Federation of Exchanges (WFE) in terms of the main index growth during the 12 month period of December 2018-December 2019.