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2024-12-06 14:15
Oil ministry boosts fuel supply to power plants
TEHRAN – Iran's Energy Minister Abbas Aliabadi announced Wednesday that the Oil Ministry has increased diesel fuel supply to power plants, aligning provision levels with demand to prevent energy shortages during the winter months.
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2024-12-03 12:38
Imam Khomeini Airport City announces over $800 million in new projects
TEHRAN – Imam Khomeini Airport City (IKAC) has announced the completion of 30 development projects worth more than 156 trillion rials ($312 million) ready for inauguration, alongside groundbreaking for 12 investment and construction projects valued at over 270 trillion rials ($540 million).
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2024-12-03 12:36
Japan to help Iran resolve differences with FATF: official
TEHRAN - Japan has vowed to carry out efforts to help Iran advance its case in the Financial Action Task Force (FATF), according to an Iranian deputy finance minister.
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2024-12-03 12:33
Water inflow to Iranian dams drops by 6%
TEHRAN – Despite holding 22.66 billion cubic meters of stored water, only 44 percent of Iran’s dam capacity is currently utilized, leaving 56 percent unfilled, according to official reports.
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2024-12-02 14:42
Iran among global leaders in thermal power plant efficiency
TEHRAN - Iran has emerged as a global leader in thermal power plant efficiency, ranking 12th out of 197 countries. Recent improvements in technology and operational strategies have raised the efficiency of thermal plants from 39.3 percent last year to 39.56 percent this year, positioning Iran among the top 12 nations in this category.
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2024-12-02 14:41
By Ebrahim Fallahi
Iran-EAEU FTA to be implemented in early 2025
TEHRAN – The proposed Free Trade Agreement (FTA) between Iran and the Eurasian Economic Union (EAEU) has reached a significant milestone, receiving unanimous approval from the Economic Commission of the Iranian Parliament. The agreement now awaits final ratification in Parliament's plenary session, marking a transformative step in strengthening Iran's economic integration with the region.
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2024-12-02 14:40
Sanctions, the main barrier to attracting foreign investment: Hemmati
TEHRAN – Iranian Finance and Economic Affairs Minister Abdolnaser Hemmati stated that sanctions pose the most significant obstacle to attracting foreign investment, not the Financial Action Task Force (FATF). Speaking to IRIB, Hemmati noted that even if Iran were to adopt the Palermo and CFT conventions, removal from the FATF blacklist would not be guaranteed in the short term.
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2024-12-01 16:37
Production capacity increases at South Azadegan Oil field
TEHRAN - The acting head of technical inspection at Arvandan Oil and Gas Company has announced a significant increase in production capacity at the South Azadegan oil field.
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2024-12-01 13:01
Iran’s largest gold mine reports significant increase in proven reserves
TEHRAN – Iran’s largest gold mine, Zarshouran, has announced a substantial increase in its proven reserves, sparking optimism about a potential surge in production and job creation in northwestern Iran.
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2024-12-01 13:01
Iran’s request to obtain EAEU observer status approved
TEHRAN - A senior Russian official has announced that Iran’s request to obtain the observer state status at the Eurasian Economic Union (EAEU) has been approved at a meeting of the union’s executive body, which was held by deputy prime ministers of the member states.
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2024-11-30 14:01
Three flare gas recovery projects to come on stream by March 2025
TEHRAN – The Managing Director of the National Iranian South Oil Company (NISOC), Ebrahim Piramoun, has announced that three major associated gas recovery projects are slated to be completed by the end of the current Iranian calendar year (late March 2025).
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2024-11-30 13:58
Iran to expand overseas farming to 2m hectares by 2029
TEHRAN - Iran has set a target to expand its overseas farming to 2 million hectares (4.942 million acres) by 2029 amid efforts to ensure sufficient food supplies in the country.
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2024-11-30 13:57
Gas consumption expected to rise by 100 mcm
TEHRAN – Natural gas consumption in Iran is expected to increase by 100 million cubic meters (mcm) in the coming weeks following the significant temperature drop across the country, according to estimations made by the National Iranian Gas Company (NIGC).
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2024-11-29 14:14
Over 29,400 passenger cars imported in 8 months
TEHRAN - The head of the Islamic Republic of Iran Customs Administration (IRICA) said 29,418 passenger cars were imported into the country in the first eight months of the current Iranian calendar year (March 20-November 21).
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2024-11-29 14:11
Iran-Iraq Chamber head highlights private sector's role in economic growth
TEHRAN - Yahya Al-e Eshaq, chairman of the Iran-Iraq Chamber of Commerce, has emphasized that fostering collaboration between the government and the private sector is essential for achieving an annual eight percent economic growth envisaged in Iran’s five-year development plan.
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2024-11-29 13:58
Over 2,000 ha of lands provided for National Housing Movement units in 100 days
TEHRAN- As announced by the Iranian Transport and Urban Development Ministry, 2,046 hectares of land have been provided for the construction of National Housing Movement units across the country in the first 100 days of the current government administration’s office.
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2024-11-27 13:23
Over $1.1b invested in mining projects in over 3 months
TEHRAN - Iranian Ministry of Industry, Mining and Trade has invested $1.1 billion in development and infrastructure projects in the mining and mineral industries sector in the first 100 days since the 14th government took office.
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2024-11-27 12:53
Iran ends power outages amid fuel supply improvements
TEHRAN - Iran’s Energy Minister Abbas Aliabadi confirmed on Tuesday that scheduled power outages have ceased, following assurances of improved fuel supply to power plants.
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2024-11-27 12:31
Tehran, Riyadh discuss joint investment programs
TEHRAN - Officials from Iran and Saudi Arabia weighed plans to further mutual investment opportunities, Tasnim News Agency reported.
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2024-11-26 13:29
Private sector urges action to remove Iran from FATF blacklist
TEHRAN – Deputy Head of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Mohammad Reza Bahraman has highlighted the impact of the Financial Action Task Force (FATF) blacklist on Iranian trade operations, urging the need for addressing the challenge.
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2024-11-26 13:28
OPEC Fund welcomes co-op with Iranian companies
TEHRAN - Iran’s Minister of Finance and Economic Affairs Abdolnasser Hemmati, who has traveled to Riyadh to participate in the 28th WAIPA World Investment Conference, met and held talks with OPEC Fund’s President Abdulhamid Alkhalifa on Monday. During the meeting, Alkhalifa said the Fund is ready to provide services to Iranian companies.
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2024-11-26 13:02
‘Iran determined to fulfill obligations towards IDB’
TEHRAN - Iran's Minister of Economic Affairs and Finance Abdolnasser Hemmati stated in a meeting with the head of the Islamic Development Bank (IDB) that the Islamic Republic is determined to fulfill its obligations towards IDB.
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2024-11-25 13:15
Over 150m tons of goods loaded, unloaded at Iranian ports
TEHRAN - Based on the latest data released by the Iranian Ports and Maritime Organization (PMO), some 155,429,115 tons of goods were loaded and unloaded at the country’s ports in the first eight months of the current Iranian calendar year (March 20- November 21).
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2024-11-25 13:12
Trade via Sistan-Baluchestan hits 1.9m tons in 8 months
TEHRAN - Nearly 2.0 million tons of goods were traded through the customs terminals and border markets of Sistan-Baluchestan province during the first eight months of the current Iranian calendar year (March 20-November 20), according to a senior provincial official.
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2024-11-25 13:11
281 idle industrial units revived in over 3 months
TEHRAN - In line with supporting production and employment, the government has revived 281 stagnant industrial units across the country since the government took office in August, IRNA reported.
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2024-11-24 14:01
Iranian economy minister to attend WAIPA Conference in Riyadh
TEHRAN – Iran’s Minister of Finance and Economic Affairs Abdolnaser Hemmati is traveling to Saudi Arabia to participate in the 28th World Association of Investment Promotion Agencies (WAIPA) Conference which is due to be held from November 25 to 27, 2024 in Riyadh.
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2024-11-24 14:00
Alumina powder output exceeds 138,000 tons in 7 months
TEHRAN - Production of alumina powder in Iran reached 138,859 tons in the first four months of the current Iranian calendar year (March 20-October 21), according to the data released by the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
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2024-11-24 13:25
Gas supply to power plants up by 3.3 mcm/d
TEHRAN - Natural gas delivery to power plants stood at 182 million cubic meters per day (mcm/d) during the week ended on 23 November, indicating a 3.3 mcm/d rise against the same period last year.
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2024-11-23 13:58
‘Iran can become transit corridor for transferring Japanese products’
TEHRAN - Iran’s transit corridor which is a regional hub can play a significant role in transporting Japanese products in the region, Iranian Agriculture Minister Gholamreza Nouri Ghezeljeh said in a meeting with Japanese Ambassador to Iran Tamaki Tsukada.
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2024-11-23 12:47
Iran among world’s top 4 aircraft refueler builders
TEHRAN - Iran is among the world's top four countries in producing aircraft refuelers, an official familiar with the matter told IRIB.