Tehran to host Iran-Iraq business forum

TEHRAN- An Iran-Iraq business forum is planned to be held in Tehran on the sidelines of Iraqi Prime Minister Adil Abdul-Mahdi’s two-day visit to Iran on Saturday and Sunday, IRNA reported.

South Pars annual gas output up 12%

TEHRAN-Production of gas in South Pars gas field (Iran shares with Qatar in the Persian Gulf) rose 12 percent in the past Iranian calendar year 1397 (ended on March 20, 2019) from its previous year, according to the managing director of South Pars Gas Company.

Iran, Croatia ink MOU on private sectors' joint investment

TEHRAN- Iran and Croatia signed a memorandum of understanding on joint investment between private sectors of the two countries, IRIB reported.

Extending OPEC-non-OPEC deal not difficult: Zanganeh

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said extending the deal between OPEC and the group of non-OPEC oil producing countries on output cut is not a difficult task, Shana reported.

TSE worth of trades up 106% in a month

TEHRAN- The value of trades at Tehran Stock Exchange (TSE) increased 106 percent in the last month of the past Iranian calendar year, Esfand (February 20 – March 20, 2019 ), Mehr news agency reported.

Iranian energy min. to chair Iran-Afghanistan Joint Economic Committee

TEHRAN- Iranian Energy Minister Reza Ardakanian was appointed as the chairman of Iran-Afghanistan Joint Economic Committee, IRNA reported on Monday.

IMIDRO inaugurates projects worth over $2 b in a year

TEHRAN- Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) put projects worth $2.17 billion into operation during the past Iranian calendar year (ended on March 20), according to the head of the organization.

IRENEX to hold 1st crude oil offering in new Iranian year on April 9

TEHRAN- National Iranian Oil Company (NIOC) will offer one billion barrels of crude oil at the base price of $63.36 at Iran Energy Exchange (IRENEX) for the eighth time on April 9, Mehr news agency reported.

Oil minister to leave Tehran for Moscow on Monday

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh will leave Tehran for Moscow on Monday, Shana reported.

European nations eager to join INSTEX: Belgian official

TEHRAN – The Belgian embassy’s commercial attaché to Tehran said European countries are willing to join the financial mechanism with Iran known as Instrument in Support of Trade Exchanges (INSTEX), the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

Producing 51GW of electricity during summer on agenda

TEHRAN – Iranian power plants are set to produce at least 51 gigawatts (GW) of electricity during the peak hours of consumption in summer, IRNA reported on Sunday quoting deputy minister of energy for electricity affairs as saying.

Shares of 3 petchem companies to be offered at stock market

TEHRAN- The shares of three petrochemical companies will be offered at the stock market in the next Iranian calendar year, which starts on March 21, 2019, IRNA reported on Sunday.

South Pars phases 13, 22-24 inaugurated

TEHRAN - Phases 13, 22, 23 and 24 of developing Iran’s South Pars gas field were officially inaugurated by President Hassan Rouhani on Sunday, Shana reported.

U.S. to blame for tensions in oil market: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh has blamed U.S. for the tensions created in the oil market, Shana reported on Saturday.

Over $714m worth of commodities traded at IME in a week

TEHRAN- During weekdays ending up to March 14, approximately 624,721 million tons (MT) of commodities worth over $714 million were traded at Iran Mercantile Exchange (IME).

Monthly gas condensate export from Pars energy zone rises 15% on year

TEHRAN- The value of Iran’s gas condensate export during the eleventh Iranian calendar month of Bahman (ended on February 19) rose 15 percent compared to the same month of the past year, the director general of Pars Special Economic Energy Zone’s Customs Department announced.

By Ebrahim Fallahi

One belt-one road, a path to economic resilience

The history of Iran and China’s economic and cultural relations goes back to the ancient times, when positioned at the heart of the Silk Road, Iran linked the Asian country to the nations in Europe. Now, centuries later, the two countries have still maintained those strong ties and the economic relations between the two sides are seemingly on a new path to growth.

Tehran to host 15th meeting of Iran-Belarus Joint Economic Committee

TEHRAN- Mohammadreza Modoudi, he acting head of Iran’s Trade Promotion Organization (TPO), and Belarusian Ambassador to Tehran Yury Lazarchik discussed holding the 15th meeting of Iran-Belarus Joint Economic Committee in Tehran in the first half of the next Iranian calendar year (March 21-September 21, 2019), TPO website published.

Iranian companies are top priority in Syria’s reconstruction projects: envoy

TEHRAN - Syrian Ambassador to Tehran Adnan Mahmoud said Iranian companies are the top priority in awarding the country’s reconstruction projects, Shata reported on Thursday.

Iran, Azerbaijan stress bolstering trade ties in business forum

TEHRAN – Attended by senior officials, entrepreneurs and businessmen from both sides, an Iran-Azerbaijan business and investment forum was held in Baku on Thursday.

‘93% of units in Iran’s industrial estates are small-sized’

TEHRAN- Small-sized units account for 93 percent of the total number of units active in Iran’s industrial estates, according to Iranian Deputy Industry Minister Mohsen Salehinia.

West Karoun oil fields’ output at 350,000 bpd

TEHRAN- Production of oil from West Karoun oilfields has reached 350,000 barrels per day (bpd) in the current Iranian calendar year (ends on March 20), the managing director of Iran’s Petroleum Engineering and Development Company (PEDEC) told IRIB in an interview.

By Ebrahim Fallahi

Iran, India stress enhancement of economic relations

TEHRAN - Senior officials, entrepreneurs and representatives of private sectors from Iran and India gathered together in a business forum at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Wednesday to discuss ways of expanding trade ties.

Nearly $15.5b worth of non-oil goods exported from Bushehr in 11 months

TEHRAN- Some $15.478 billion worth of non-oil products was exported from Iran’s southwestern province of Bushehr during the eleven-month period from March 21, 2018 to February 19, 2019, according to the director general of the province’s customs administration.

‘Refinery of South Pars phase 13 ready for official inauguration’

TEHRAN- The refinery of South Pars gas field’s phase 13 of development is ready for the official inauguration, the operator of phase 13 stressed.

Iran, Iraq take new steps to expand trade ties

TEHRAN – In the first day of Iranian President Hassan Rouhani’s high profile visit to Iraq, an Iran-Iraq business forum was held in the capital city of Baghdad.

Vegetable exports at $935m in 10 months

TEHRAN- Iran exported 3.27 million tons of vegetables worth $935 million during the first ten months of the current Iranian calendar year (March 21, 2018 - January 20, 2019), according to a director general in the Ministry of Agriculture.

Syria calls on Iranian private sector to take part in its reconstruction

TEHRAN – Syria has called on Iranian private sector to have a greater part in reconstruction of the war-damaged country, IRNA reported.

30-member Iranian trade delegation embarks on a visit to Iraq

TEHRAN – Headed by the chairman of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), a 30-member trade delegation accompanied President Hassan Rouhani in his three-day visit to Iraq, ICCIMA portal reported on Monday.

Non-oil exports from Arvand Free Zone at $1.2b in 11 months

TEHRAN- Over $1.2 billion worth of non-oil commodities was exported from Arvand Free Trade Zone during the first eleven months of the current Iranian calendar year (March 21, 2018 – February 19, 2019), a deputy at Arvand Free Zone Organization announced.