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  • pipeline repair 2019-09-21 19:00

    NIGTC indigenizes new technology to maintain high pressure pipelines

    TEHRAN – National Iranian Gas Transmission Company (NIGTC) has localized the technological know-how of repairing high pressure gas pipelines using composite wrapping, Shana reported on Saturday.

  • IRENEX 2019-09-21 18:58

    IRENEX to hold 9th round of heavy crude oil offering on Tuesday

    TEHRAN - National Iranian Oil Company (NIOC) will offer two million barrels of heavy crude oil at Iran Energy Exchange (IRENEX) on Tuesday, ISNA reported. The base price for this round of offering, which is the ninth round, is $54.33 per barrel.

  • rail 2019-09-21 18:20

    ‘Iran to become a major rail manufacturer in region’

    TEHRAN - Iranian Transport Minister Mohammad Eslami said the country will become a major rail track producer in the region in near future, IRNA reported.

  • Iran-India 2019-09-20 17:27

    India renews efforts to persuade U.S. into lifting Iranian oil sanctions

    TEHRAN- Following the recent attacks on Saudi Aramco’s oil installations, which have led to disruptions in supplies from Saudi Arabia, Indian authorities have renewed their efforts to persuade the United States to lift sanctions on imports of oil from Iran, Press TV reported.

  • Hemmati 2019-09-20 17:26

    ‘Banks to offer $23.8b of loans to production units by Mar. 2020’

    TEHRAN- Central Bank of Iran (CBI)’s governor announced that one quadrillion rials (about $23.809 billion) of banking loans will be granted to the production units in the country by the end of current Iranian calendar year (March 19, 2020), Mehr news agency reported on Thursday.

  • Iran-Turkey 2019-09-20 17:26

    Iran-Turkey trade possible to reach $30b despite U.S. sanctions

    TEHRAN- During the 27th meeting of Iran-Turkey Joint Economic Committee, which was held in Ankara from September 16 to 18, the two sides investigated different ways of reaching the targeted $30-billion bilateral trade and reiterated that reaching this figure is possible despite the pressures of the U.S. sanctions.

  • oil 2019-09-19 00:25

    EOGPC to boost oil production in northeastern Iran

    TEHRAN – Managing Director of East Oil and Gas Production Company (EOGPC), a subsidiary of Iranian Central Oil Fields Company (ICOFC) in eastern Iran, said with two new wells being drilled, over 2.5 million cubic meters will be added to the company’s gas production in the region by the end of autumn (December 21).

  • Car 2019-09-19 00:21

    Mureza Auto Company to distribute Iranian cars in South Africa

    TEHRAN - Mureza Auto Company, an African car brand registered in Zimbabwe and South Africa, plans to assemble and distribute Iranian developed vehicles in Southern Africa through a joint venture with Iran’s SAIPA Group based in Tehran.

  • Zanganeh 2019-09-18 19:19

    Oil not to be used as a weapon to achieve political goals: Zanganeh

    TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said oil should not be used as a weapon for achieving political agendas, IRIB reported.

  • Turkey 2019-09-17 19:14

    Iran, Turkey mulling over trade via national currencies: CBI governor

    TEHRAN –In a meeting between Iran and Turkey’s presidents on Monday in Ankara, the two sides stressed expansion of economic and banking ties and emphasized the need for following up on a plan for trade via national currencies, the governor of the Central Bank of Iran (CBI) said.

  • Ardakanian 2019-09-17 19:09

    Tehran, Ankara discuss resumption of electricity trade

    TEHRAN - Iranian Energy Minister Reza Ardakanian discussed resumption of electricity trade between Iran and Turkey, with his Turkish counterpart Fatih Dönmez in a meeting in Ankara on Monday, the portal of Iran's Energy Ministry (known as Paven) reported.

  • Iran-Russia 2019-09-17 19:05

    SEPAM replaces SWIFT in banking transactions with Russia

    TEHRAN – Central Bank of Iran (CBI)’s financial telecommunications system, known as SEPAM, has replaced the Society for Worldwide Interbank Financial Telecommunication (SWIFT) in the country’s financial transactions with Russia, the governor of the Central Bank of Iran (CBI) said on Monday.

  • PGPIC 2019-09-16 20:01

    Iran's PGPIC climbs in ICIS ranking despite sanctions

    TEHRAN - Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) has climbed three places to the 35th position in ICIS Top 100 Chemical Companies for 2019, Mehr news agency reported on Monday.

  • Iran-Oman 2019-09-16 19:54

    'Oman, a good place for re-export of Iranian products'

    TEHRAN- Oman is a good place for re-export of Iranian products especially during the sanction time, portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported quoting the head of Iran-Oman Joint Chamber of Commerce as saying.

  • bank loan 2019-09-16 19:53

    Bank loans to economic sectors up over 30%

    TEHRAN- Iranian banking system has offered facilities to domestic economic sectors in the first four months of the current Iranian calendar year (March 21-July 22), stood at 2.188 quadrillion rials (about $52.1 billion), rising 30.9 percent from the previous year’s same period, IRIB reported.

  • NPC 2019-09-16 15:42

    By Mahnaz Abdi

    Over 600 companies to attend IRAN PLAST 2019

    TEHRAN- Iran’s 13th International Exhibition of Plastic, Rubber, Machinery and Equipment (IRAN PLAST) will host 570 Iranian and 35 foreign companies at the Tehran International Permanent Fairground from September 22 to 25, managing director of National Petrochemical Company (NPC) announced in a press conference on Monday.

  • IRENEX 2019-09-15 18:13

    IRENEX to hold 15th round of offering light crude oil on Tuesday

    TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at the international ring of Iran Energy Exchange (IRENEX) on Tuesday, IRNA reported.

  • GDP 2019-09-15 18:09

    Iran ranks 27th among world’s biggest economies: WB

    TEHRAN – Having a 0.53 percent share of the global economy, Iran holds the 27th place in the list of world’s top economies, according to the World Bank (WB).

  • Iran Iraq 2019-09-15 18:02

    Iran to hold exclusive expo of products in Sulaymaniyah in late Dec.

    TEHRAN- Iran’s Trade Promotion Organization (TPO) will hold an exclusive exhibit of Iranian products in Sulaymaniyah in Iraqi Kurdistan from December 24 to 28, TPO portal published.

  • Iran-Turkey 2019-09-14 19:12

    ‘Turkish companies eager for investment in Iran’

    TEHRAN – Head of Iran-Turkey Joint Chamber of Commerce said among all foreign companies the Turkish companies are more willing to invest in Iran, IRNA reported on Saturday.

  • refinery 2019-09-14 17:35

    Iran’s refining capacity reaches 2.3m bpd

    TEHRAN - Daily processing capacity of Iranian refineries has reached 2.3 million barrels, according to Alireza Sadeq-Abadi, the managing director of National Iranian Oil Refining and Distribution Company (NIORDC).

  • gas field 2019-09-14 17:34

    POGC, Petropars ink $440m gas deal

    TEHRAN - Pars Oil and Gas Company (POGC), which is in charge of developing Iran’s giant South Pars gas field, signed a $440-million deal with an Iranian company called Petropars on Saturday for development of Belal gas field which is located east of South Pars in the Persian Gulf.

  • Zanganeh 2019-09-14 16:40

    South Pars phase 11 to go on stream by Sept. 2021: Zanganeh

    TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said the phase 11 of South Pars gas field’s development project will go on stream by the first half of the Iranian calendar year of 1400 (September 22, 2021).

  • Ports 2019-09-13 19:38

    Over 66m tons of goods loaded, unloaded at Iran’s ports since March

    TEHRAN- Over 66 million tons of goods have been loaded and unloaded at ports of Iran since the beginning of current Iranian calendar year (March 21), IRIB reported quoting the head of Ports and Maritime Organization (PMO) as saying.

  • oil equipment 2019-09-13 19:36

    Project for indigenizing oil industry equipment progresses over 50%

    TEHRAN – A project for indigenizing 10 major oil industry equipment items has witnessed over 50 percent progress, IRIB reported on Wednesday, quoting an official with National Iranian Oil Company (NIOC).

  • TSE 2019-09-13 19:34

    TEDPIX moving toward 300,000 points

    TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), has risen 9,752 points, or 3.36 percent, to 299,931 during the five working days of the past Iranian calendar week (Saturday to Wednesday), Tasnim news agency reported.

  • OPEC Secretary General Mohammed Sanusi Barkindo (L), Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman (C) and Russian Energy Minister Alexander Novak (R) attend an OPEC+ meeting in the UAE capital Abu Dhabi on September 12, 2019. (AFP photo) 2019-09-13 19:31

    OPEC+ considers possibility of U.S. easing Iran sanctions

    TEHRAN – Organization of the Petroleum Exporting Countries and its allies (known as OPEX+), In its latest committee meeting on Thursday, discussed reports that the United States might ease sanctions imposed on Iran’s oil sale and what impact they might have on future of the global supplies.

  • exports 2019-09-07 19:25

    Trade between Iran, U.S. at $49m in 7 months

    TEHRAN – The value of trade between Iran and the U.S. stood at $49 million from January to July 2019, according to the latest report released by American Statistical Association (ASA).

  • Iran-EU 2019-09-07 19:23

    Iran-EU trade stands at €2.5b in H1

    TEHRAN- The trade between Iran and European Union countries during the first half of 2019 stood at €2.56 billion, Tasnim news agency reported citing the latest report of European Union’s statistics agency Eurostat.

  • Ardakanian 2019-09-07 19:18

    Iran, Afghanistan to accelerate electricity co-op: Iranian energy min.

    TEHRAN- Iran and Afghanistan have agreed to accelerate their cooperation in the electricity sector through setting up a joint taskforce, Iranian Energy Minister Reza Ardakanian told IRNA in an interview on Saturday.