Asia’s imports of Iranian oil in Sep. stand at 1.13m bpd

TEHRAN – Four major Asian buyers of Iranian crude imported a total of 1.13 million barrels per day (bpd) from Iran in September, the data released by Reuters showed.

Iran’s oil exports still high despite U.S. sanctions: report

TEHRAN – Iran has sold about 1.7 million to 1.9 million barrels per day (bpd) of crude oil and condensate in September according to estimates by investment banks, tanker-tracking firms and the International Energy Agency, which is an indication that U.S. is still a long way from achieving its stated goal of zeroing out Iranian oil sales.

Monthly copper cathode production rises 25% yr/yr

TEHRAN- Production of copper cathode in Iran rose 25 percent in the seventh Iranian calendar month of Mehr (September 22-October 22) in comparison with the same month of the past year, IRIB reported on Wednesday citing the data released by Iran’s Mines and Mining Industries Development and Renovation Organization (IMIDRO).

By Haniyeh Sadat Jafariyeh

IRENEX to overcome U.S. petroleum sanctions?

Last Sunday on October 28, just few days before new U.S. sanctions on petroleum sector take effect (November 4, 2018), National Iranian Oil Company (NIOC) could sell some 280,000 barrels of crude oil at $74.85 per barrel on the first day of offering crude oil for export at the international ring of Iran Energy Exchange (IRENEX). With the daily supply value of one million barrel per day, the market wrapped up by selling eight 35,000-barel-cargos of oil on the day.

India, Russia, Iran to meet on North-South Corridor on Nov. 23

India, Russia and Iran will hold a trilateral meeting on the International North South Transport Corridor (INSTC) on November 23 to make the 7,200-km-long ship, road, and rail route operational soon, an official statement said on Monday.

Intl. electricity exhibit to kick off in Tehran on Friday

TEHRAN – To be hosting 483 foreign and domestic companies, the 18th Iran International Electricity Exhibition (IEE) is due to be opened on Friday at Tehran Permanent International Fairgrounds, IRIB reported.

TSE’s worth of trades rises 73% in a month

TEHRAN- The value of trades in Tehran Stock Exchange (TSE) has risen 73 percent during the past Iranian calendar month of Mehr (September 22-October 22) from its previous month, Tasnim news agency reported on Tuesday.

Iran’s intl. auto part exhibition to host 180 foreign companies

TEHRAN – Over 180 foreign exhibitors and 510 domestic participants are going to participate in the 13th edition of Iran International Auto Parts Exhibition which is due to be held on November 12-15 at Tehran Permanent International Fairgrounds, ILNA reported.

Non-oil exports up 13.3% in 7 months on year

TEHRAN- The value of Iran’s non-oil exports rose 13.3 percent during the seven-month period from the beginning of current Iranian calendar year (March 21) to October 22, compared to the same period of time in the previous year, the head of Islamic Republic of Iran Customs Administration (IRICA) announced.

South Korea asks U.S. for 'maximum flexibility' on Iran sanctions waiver

South Korea has asked the United States for “maximum flexibility” on its request for a waiver to prevent South Korean companies from being affected by renewed U.S. sanctions against Iran, the foreign ministry said.

TEDPIX gains 1,783 points in a day

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) gained 1,783 points to end Sunday’s trade at 180,625, IRNA reported.

Inflation rate at 15.9%: CBI

TEHRAN- The Central Bank of Iran (CBI) announced that the inflation rate in the twelve-month period ended on October 22, which marks the end of the Iranian calendar month of Mehr, stood at 15.9 percent, IRIB reported on Sunday.

Hydroelectric power generating capacity to rise 150MW by next summer

TEHRAN – Iran’s Energy Ministry plans to increase the capacity of the country’s hydroelectric power plants by 150 megawatts (MW) by the beginning of Iranian calendar’s next summer (June 21, 2019), IRNA reported on Sunday.

Finance ministry getting anti-sanctions packages prepared

TEHRAN- The newly appointed Iranian Finance Minister Farhad Dejpasand announced on Sunday that his ministry is having the packages to shield U.S. sanctions prepared.

280,000 barrels of oil traded at IRENEX on 1st day

TEHRAN- Some 280,000 barrels of crude oil were traded on Sunday, the first day of offering crude oil for export on Iran Energy Exchange (IRENEX), just few days before new round of U.S. sanctions on petroleum sector take effect, Shana reported.

Iran-EU financial channel to be opened soon: CBI governor

TEHRAN – Governor of the Central Bank of Iran (CBI) announced on Saturday that a new financial channel is soon to be opened between Iran and the EU nations, Tasnim news agency reported.

Iran’s 9-month crude steel output rises 20% on year: WSA

TEHRAN- Production of crude steel in Iran stood at 18.52 million tons during the first nine months of 2018, indicating 20 percent rise from 15.431 million tons in the same period of time in 2017, Iran’s Mines and Mining Industries Development and Renovation Organization (IMIDRO) reported citing the data released by the World Steel Association (WSA).

Gas production begins in South Pars platform 14C

TEHRAN- Production of gas was started in platform 14C of South Pars gas field (Iran shares with Qatar in the Persian Gulf), operator of phase 14 of developing the gas field announced on Saturday.

Nominated transport. min. meets private sector reps

TEHRAN- In a Saturday meeting with members of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), President Hassan Rouhani’s nominated minister of transport and urban development Mohammad Eslami discussed some of his major plans, IRNA reported.

Over 374m tons of commodities worth $263m traded in IME in a week

TEHRAN- During the five dealing days (Saturday-Wednesday) of the past Iranian week ended on Friday, approximately 311.164 million tons of commodities worth over $381 million were traded in Iran Mercantile Exchange (IME).

6 Habits of Top Iranian Realtors

According to IranianRelator.org – Successful & Top Iranian Real Estate Agents share a few habits in common. The first thing is always passion. It's a hard business and it takes a lot of attention to detail and a commitment to great customer service. In short the 6 most common ones are as follows:

Specialized exhibition of Iranian products running in Tehran

TEHRAN – The second specialized exhibition of Iranian products kicked off at Tehran's Imam Khomeini Grand Prayer Campus (Mosalla) on Thursday, IRIB reported.

Date output to reach 1.236m tons in this calendar year

TEHRAN- Production of date in Iran is anticipated to reach 1.236 million tons in the current Iranian calendar year (ends on March 20, 2019), according to a director in the Ministry of Agriculture.

No Iranian bank accounts frozen in Oman

TEHRAN- According to the latest announcement of Iran-Oman Joint Chamber of Commerce, none of the Iranians’ bank accounts have been frozen in Oman, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

RAI to hold conference on investment opportunities in railways on Nov. 12

TEHRAN- Islamic Republic of Iran Railways (also known as RAI) will hold a conference on investment making opportunities in the railway projects on November 12, a deputy at RAI announced.

Foreign buyers can purchase Iranian oil at IRENEX: NIOC head

TEHRAN - National Iranian Oil Company (NIOC)’s Managing Director Ali Kardor said on Friday that foreign customers can also purchase the Iranian oil which is due to be offered at the country’s Energy Exchange (IRENEX).

IDRO to inaugurate 24 projects worth $2.7b by March 2019

TEHRAN - Iran’s Industrial Development and Renovation Organization (IDRO) will put 24 industrial projects worth 115 trillion rials (about $2.738 billion) into operation in the current Iranian calendar year, director for planning and development in the organization announced.

Iran’s H1 oil revenues 25% more than budget estimates

TEHRAN - Iran’s oil incomes during the first half of the current Iranian calendar year (March 21-September 22) exceeded the estimations in the country’s budget plans by 25 percent, IRIB reported on Tuesday quoting the Iranian oil minister.

Inflation rate at 13.4%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on the last day of the seventh Iranian calendar month of Mehr (October 22) stood at 13.4 percent, IRIB reported on Wednesday.

Efficiency of power plants to be improved up to 40% by 2021

TEHRAN – The head of Iran’s Thermal Power Plants Holding Company (TPPH) unveiled plans for an increase in the efficiency of the country’s power plants up to 40 percent, IRIB reported on Tuesday.