No oil leak, no injury by break-down Iranian oil tanker in Red Sea

TEHRAN- An Iranian oil tanker carrying over one million barrels of oil suffered a malfunction in the Red Sea off the coast of Saudi Arabia.

Excluding Iran from oil market impossible: Barkindo

TEHRAN- The secretary-general of the Organization of Petroleum Exporting Countries (OPEC) said it is "impossible" to eliminate Iranian crude from the global market, Shana reported.

Iran will respond to any threat from fellow OPEC members: Zanganeh

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said his country will respond to any threat by fellow OPEC member states, Shana reported.

700 rooftop PV stations to be installed in Southeast Iran

TEHRAN – Imam Khomeini Relief Foundation has founded the construction of 700 rooftop photovoltaic power stations (known as PV systems) in Kerman Province (southeast Iran) of which 520 are ready for use, Mehr news agency reported on Wednesday quoting an official.

Iran Oil Show 2019 hosting 106 foreign exhibitors

TEHRAN- The 24th Iran International, Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2019), which kicked off at Tehran Permanent International Fairgrounds on Wednesday, is hosting 106 foreign exhibitors from 21 countries, Shana reported.

By: Ebrahim Fallahi

Iranian, Syrian private sectors seek to bolster trade ties

TEHRAN – Iranian and Syrian officials, entrepreneurs and businessmen once again came together on Wednesday in a business forum in Tehran to explore ways for enhancing trade ties.

‘Absence of gas supplies from Iran could shut down half of Iraq’s power plants’

TEHRAN – Without Iranian gas supplies half of Iraq’s natural gas power plants will close down in the summer, IRNA quoted a member of the trade committee of Iraqi parliament as saying on Tuesday.

U.S. sanctions on Iran would hurt India’s economy: Indian envoy

TEHRAN - The Indian ambassador to the United States said on Tuesday U.S. sanctions on Iran could boost oil prices and inflation to a point that hurts the common people in India.

Over $857m of loans to be offered to industrial units

TEHRAN- Iranian deputy industry minister said that 360 trillion rials (about $857.1 million) of facilities will be granted to the industrial units in the current Iranian calendar year (started on March 21) in the framework of production flourishing plan, IRNA reported.

Up to 1GW of new power plants to come on stream

TEHRAN – Up to 1000 megawatts capacity of new power plants are going to be added to the country’s electricity network to supply the demands in the summer peak period, IRNA reported on Tuesday quoting a deputy at Iran’s Power Generation and Distribution Company (known as TAVANIR).

India insisting on oil imports from Iran

TEHRAN – India’s External Affairs Minister said that India should be allowed to continue importing oil from Iran at least for a longer time span, Hindustan Times reported citing people familiar with developments.

INSTEX chief briefs British businesses on mechanism progress

TEHRAN - President of Europe's special purpose mechanism for trade with Iran, known as Instrument for Support of Trade Exchanges (INSTEX), discussed the progress of the mechanism in a meeting with British officials, manufactures and heads of businesses in London, IRNA reported.

NIMA supplies €1.84b for imports of goods, services

TEHRAN- Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied €1.840 billion for imports of goods and services since the beginning of the current Iranian calendar year (March 21) up to Sunday, IRNA reported.

A year with 6,447 more exporters

TEHRAN- The number of Iran’s exporters rose 6,447 in the past Iranian calendar year (ended on March 20, 2019), the acting head of Trade Promotion Organization (TPO) announced on Monday.

‘No country can replace Iran in oil market’

TEHRAN- No country can replace Iran in the global oil market, Iranian Deputy Oil Minister Amir-Hossein Zamaninia stressed.

Iran, Turkey ink MOU on transportation co-op

TEHRAN – Iran and Turkey signed a memorandum of understanding for expanding transportation cooperation, IRIB reported.

Iranian official warns of oil going above $100

TEHRAN - Chairman of Majlis (Parliament) Energy Commission, Fereydoun Hasanvand warned that oil prices are going to surge above $100 per barrel following the U.S. decision to end the waivers.

‘CBI planning for sustainable inflation management’

TEHRAN - Central Bank of Iran (CBI) Governor Abdolnaser Hemmati said that by controlling the short-term interest rates and infusing changes in the country’s monetary policy, the bank is planning to manage inflation in the long-run, IRNA reported on Sunday.

Iran’s crude steel production capacity to rise 25m tons in 4 years

TEHRAN- Iran’s crude steel production capacity will increase by 25 million tons within the next four years, according to a deputy director in Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

By: Ebrahim Fallahi

Iran’s winning cards in facing U.S. sanctions

Surrounded by fifteen neighboring countries through land and sea, Iran enjoys a very strategic geopolitical and economic position in the Middle East

‘U.S. sanctions won’t affect Iran’s petchem exports’

TEHRAN - General Secretary of Iran's Association of Petrochemical Industry Corporation (APIC) said on Saturday that U.S. sanctions are not going to have any significant impact on Iran’s petrochemical exports.

Iran Fara Bourse’s index rises 8%

TEHRAN- IFX, the main index of Iran’s over-the-counter (OTC) market, known also as Iran Fara Bourse (IFB), has risen eight percent since the beginning of current Iranian calendar year (March 21, 2019), IRNA reported.

NIDC digs 7 oil wells in a month

TEHRAN- National Iranian Drilling Company (NIDC) dug seven oil wells during the first month of current Iranian calendar year (March 21-April 20, 2019), Mohammad Al-e Khamis, the acting deputy managing director of NIDC for drilling operation, announced.

Iran will find ways to sell its oil in the market: Pakistani expert

TEHRAN – Pakistani Energy expert and former director of operations for the World Bank Moazzam Ziad Alahdad said U.S. sanctions cannot stop Iran from doing business with the world and the Islamic republic will definitely find a way to maintain its oil exports.

Turkey defies U.S. demand for cutting ties with Iran

TEHRAN - Turkey is in cooperation with Iran working on a mechanism to keep the trade between the two sides afloat amid increasing U.S. pressures on Iran’s trade partners to cut ties, Bloomberg reported.

Mining projects worth $3b to be inaugurated in a year

TEHRAN- Projects worth $3 billion are planned to be inaugurated in Iran’s mining sector in the current Iranian calendar year (began on March 21, 2019), IRIB quoted Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) Managing Director Khodadad Gharibpour as saying.

Ending waivers won’t stop Iran oil exports: official

TEHRAN – Iran's presidental chief of staff said the U.S. decision on ending the waivers on Iran sanctions is not going to stop the country’s oil exports.

China's March Iran oil imports rise 6% from a month ago

TEHRAN - China’s imports of Iranian crude oil increased by six percent from the previous month, Reuters reported on Thursday citing customs data.

By Ebrahim Fallahi

‘U.S. sanctions doesn’t affect Iraq’s energy ties with Iran’

TEHRAN – Deputy prime minister of Iraq for energy affairs said the U.S. decision on ending waivers on Iran sanctions does not affect Iraq’s energy ties with Iran since the country does not import oil from Iran, IRNA reported on Friday.

Minerals, mining export at $9.2b in a year

TEHRAN- The value of Iran’s minerals and mining industries’ exports stood at $9.226 billion in the past Iranian calendar year (ended on March 20, 2019), IRNA reported on Tuesday citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).