View All
  • water 2020-03-25 20:11

    Energy Ministry to inaugurate 38 major water, electricity projects in spring

    TEHRAN- Iranian Energy Ministry plans to inaugurate 15 major projects in water and electricity sectors during spring, which corresponds to the first quarter of the Iranian calendar year, IRNA reported.

  • Mohammad Rastad 2020-03-25 16:21

    PMO to pay $857m for fleet supply in a year

    TEHRAN- Iran’s Ports and Maritime Organization (PMO) will pay 36 trillion rials (about $857 million) for supplying marine fleet during the current Iranian calendar year (began on March 20), the managing director of organization announced.

  • forex market 2020-03-25 16:04

    Integrated forex market to start operation officially in spring

    TEHRAN- Iran’s integrated forex market, which has been operating in a trial stage, will be officially launched during summer, IRNA reported, quoting an official with the Central Bank of Iran (CBI).

  • South Pars 2020-03-25 15:39

    By Ebrahim Fallahi

    South Pars gas field: Crown jewel of Iran’s gas industry

    TEHRAN – As the crown jewel of Iran’s energy industry, the giant South Pars gas field (which Iran shares with Qatar in the Persian Gulf) has nearly reached its full potential and Iran’s gas production from the field is said to have surpassed that of the rival Qatar.

  • Bahman Hosseinzadeh 2020-03-24 14:26

    IIEC outlines plans to materialize ‘Surge in Production’

    TEHRAN- The managing director of Iran International Exhibitions Company (IIEC) outlined the company’s plans and programs to materialize the motto of this Iranian calendar year, which is named the year of “Surge in Production” by the Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei.

  • SCI 2020-03-22 00:17

    Inflation rate falls 2.2%: SCI

    TEHRAN- The Statistical Center of Iran (SCI) announced that the inflation rate in the twelve-month period ended on March 19, which marks the end of the past Iranian calendar year, stood at 34.8 percent.

  • oil market 2020-03-21 23:58

    By: Ebrahim Fallahi

    How to fund oil projects in the absence of oil money?

    TEHRAN – These days, the oil market is facing an unprecedented crisis; on one hand the demand for oil has fallen drastically due to the slowdown in the global economy following the coronavirus outbreak and on the other hand the start of a price war between Saudi Arabia and Russia hit the market so hard that oil crashed to a level not seen in 29 years.

  • trade 2020-03-21 23:52

    Annual non-oil trade at $85b

    TEHRAN- The value of Iran’s non-oil trade stood at $85 billion in the past Iranian calendar year of 1398 (ended on March 19, 2020), the head of Islamic Republic of Iran Customs Administration (IRICA) announced.

  • Hemmat-Karaj 2020-03-17 14:28

    Rouhani inaugurates Hemmat-Karaj Freeway

    TEHRAN – Iranian President Hassan Rouhani officially inaugurated the Hemmat-Karaj Freeway on Tuesday, IRNA reported.

  • non-oil trade 2020-03-17 13:50

    Non-oil trade at $78.5b in 11 months

    TEHRAN- The value of Iran’s non-oil trade stood at $78.5 billion during the eleven-month period from March 21, 2019 until February 19, 2020, IRIB reported on Tuesday, citing the data released by the Islamic Republic of Iran Customs Administration (IRICA).

  • SATKAB 2020-03-17 13:16

    Knowledge-based firms indigenize 50 strategic products in water, electricity sector

    TEHRAN- Iranian knowledge-based companies have indigenized the technology for manufacturing 50 strategic products applied in the water and electricity sector of the country in the current Iranian calendar year (ends on March 19), the managing director of Iranian Electrical Power Equipment Manufacturing and Provision Company (known by its Persian acronym SATKAB) told IRIB on Tuesday.

  • electricity 2020-03-16 14:39

    Over 1,800 rural households connected to national power grid since Mar. 2019

    TEHRAN – Some 1,824 households in 140 villages across Iran have been provided with electricity from the national electricity network since the beginning of the current Iranian calendar year (March 21, 2019), IRNA reported, quoting an official with Iran’s Power Generation, Distribution and Transmission Company (known as Tavanir).

  • inflation 2020-03-16 14:39

    Inflation expected to decline in next 3 months: SCI

    TEHRAN - The Statistical Center of Iran (SCI) expects the inflation rate in the country to experience a downward trend in the first quarter of the coming Iranian calendar year (starts on March 19), IRNA reported on Monday.

  • stocks 2020-03-16 13:19

    Stock market witnesses 16% monthly growth in value of trades

    TEHRAN- Iranian stock market experienced a 16-percent growth in the worth of its trades during the past Iranian calendar month of Bahman (January 21-February 19), the Securities and Exchange News Agency (SENA) reported.

  • steel products 2020-03-16 11:50

    Steel products output increases 7% in 11 months yr/yr

    TEHRAN- Production of steel products in Iran has risen seven percent during the eleven-month period from March 21, 2019 until February 19, 2020, compared to the same period of time in the previous year, IRNA reported.

  • Hemmati 2020-03-15 15:33

    Iranian banks to offer facilities to compensate coronavirus economic damages

    TEHRAN – Governor of Central Bank of Iran (CBI) said the banking system is going to offer low-interest-rate facilities to more than four million people to compensate the financial damages resulted from the coronavirus outbreak, IRIB reported.

  • GDP 2020-03-15 14:36

    Iran’s 9-month non-oil GDP growth at 1.3%: CBI

    TEHRAN – Iran's gross domestic product, excluding the oil sector, has registered a positive growth rate of 1.3 percent in the first nine months of the current Iranian calendar year (March 21 -December 21, 2019), IRIB reported, quoting the governor of Central Bank of Iran (CBI).

  • NIORDC 2020-03-15 14:33

    Iranian fuel stations disinfected daily against covid-19

    TEHRAN – Iranian fuel stations, especially in high-risk areas of the country, are being disinfected on a daily basis to prevent the spread of coronavirus, Shana reported citing the National Iranian Oil Refining and Distribution Company (NIORDC).

  • dams 2020-03-14 15:08

    30b cubic meters of water stored behind Iranian dams: IWRM

    TEHRAN – Managing director of Iran Water Resources Management (IWRM) company says currently more than 30 billion cubic meters of water is stored behind the dams across the country and there is no problem regarding water shortage during the summer.

  • gearbox 2020-03-14 15:06

    Iran unveils its first 6-speed manual gearbox

    TEHRAN – Iran’s top automaker, Iran Khodro Company (IKCO), has unveiled the country’s first domestically designed six-speed manual gearbox, IRIB reported.

  • japan 2020-03-14 15:03

    Iran, Japan, UNIDO to cooperate on fishery development in Chabahar

    TEHRAN - Iran, Japan and the United Nations Industrial Development Organization (UNIDO) have signed a trilateral agreement to cooperate on the third phase of a project for developing advanced fishery in the port city of Chabahar in southeastern Iran, IRNA reported on Saturday.

  • steel ingot 2020-03-14 12:51

    Steel ingot output climbs 4%

    TEHRAN- Iran’s major steel companies produced over 18.5 million tons of steel ingots during the 11-month period from March 21, 2019 to February 19, 2020, registering a four-percent growth from the figure for the same period in the previous year, IRNA reported on Saturday.

  • Shafeie 2020-03-13 14:15

    Iran calls on ICC to exempt medical equipment from U.S. sanctions

    TEHRAN – Head of Iran Chamber of Commerce, Industries, Mines and Agriculture has called on the International Chamber of Commerce (ICC) for exempting the imports of medical and healthcare equipment and products from the U.S. sanctions amid the coronavirus outbreak.

  • Salman 2020-03-13 13:42

    Platform S1 of Salman joint oilfield installed

    TEHRAN – Platform S1 of Salman field, which Iran shares with the United Arab Emirates (UAE) in the Persian Gulf, was fully installed on its designated offshore place on Wednesday, Shana reported.

  • steel 2020-03-13 12:35

    Steel export up 28% in 11 months yr/yr

    TEHRAN- Iran’s export of steel during the eleven-month period from March 21, 2019 until February 19, 2020 has risen 28 percent compared to the same period of time in the past year, IRNA reported.

  • oil ministry 2020-03-11 16:46

    Oil ministry explores necessary measures for battling Covid-19

    TEHRAN – Necessary measures for containing the coronavirus (Covid-19) in the Iranian oil industry’s operational areas were explored in a meeting on Tuesday, attended by the Oil Minister Bijan Namdar Zanganeh and the Head of National Iranian Oil Company (NIOC) Masoud Karbasian.

  • dejpasand 2020-03-11 15:49

    Offering state-owned shares to be expedited

    TEHRAN- Iranian Finance and Economic Affairs Minister Farhad Dejpasand said offering the shares of state-owned companies, which are planned to be privatized, will be sped up, IRIB reported.

  • ardakanian 2020-03-11 15:40

    Over $210b worth of energy project underway across Iran

    TEHRAN – Iranian Energy Minister Reza Ardakanian says 5,931 energy projects worth 8.84 quadrillion rials (about $210.4 billion) are underway across the country, IRNA reported on Wednesday.

  • agriculture 2020-03-11 15:40

    APC pays over $197m for developing agricultural parks

    TEHRAN - Managing Director of Iran’s Agricultural Parks Company (APC) says 8.3 trillion rials (about $197.6 million) of facilities have been paid for the development of agricultural parks across the country since the beginning of the current Iranian calendar year (March 21, 2019), IRNA reported.

  • OPEC 2020-03-10 15:06

    BY: Ebrahim Fallahi

    Saudis’ price war or a Russian plot against U.S. shale?!

    TEHRAN – Since early Monday, the announcement of a “price war” between Saudi Arabia and Russia, two biggest OPEC+ allies, hit the headlines of almost all of the world’s news agencies and outlets and released a wave of panic across the markets all around the world.