Production of antiseptics doubled in a month

TEHRAN – Iranian Industry, Mining, and Trade Minister Reza Rahmani says the production of antiseptic products in the country has doubled since the beginning of the current Iranian calendar month (February 20), IRNA reported.

‘South Pars phase 11 development operations to start soon’

TEHRAN - National Iranian Oil Company (NIOC)’s deputy director for development and engineering affairs says the development operations of South Pars gas field’s phase 11 of development are going to be started in near future, Shana reported.

South Pars offshore development to be completed by Mar. 19

TEHRAN – All the offshore operations of the development project of Iran’s South Pars gas field (in the Persian Gulf), except for phase 11, will be completed by the end of the current Iranian calendar year (March 19, 2020), Mohammad Meshkinfam, the managing director of Pars Oil and Gas Company (POGC), announced.

TEDPIX, IFX climb on Tuesday

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 14,910 points to 544,239 on Tuesday, IRNA reported.

Stock market witnessing more growth

TEHRAN- After a sharp decline in Saturday, growth returned to Iran’s stock on Sunday and continues on Monday as well.

Iran to produce 9 major petchem catalysts in 2 years

TEHRAN – Iran is planning to indigenize nine major catalysts used in the petrochemical industries within the next two years, Shana reported, quoting the managing director of the country’s Petrochemical Research and Technology Company (PRTC).

Budget review committee submits report to Majlis

TEHRAN - Iranian parliament’s ad hoc budget review committee submitted its report on the administration’s budget bill for the next Iranian calendar year (starting March 20) to the parliament (Majlis), IRNA reported on Sunday.

Last platform of SP phases 22-24 fully operational

TEHRAN- Platform SPD-24B, which is the last platform of the phases 22, 23, 24 of developing South Pars gas field (in the Persian Gulf), has started transferring sour gas to onshore refineries, deputy operator of the phases’ development project told Shana.

Mining projects worth over $1.2b ready to come on stream: IMIDRO

TEHRAN- Several projects worth more than $1.2 billion are ready to be inaugurated in Iran’s mining sector across the country, IRNA reported, quoting the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) as saying.

Commodities worth $3.6m traded at IME during February

TEHRAN- Over 2.56 million tons of commodities valued at $3.648 million were traded at Iran Mercantile Exchange (IME) during February.

‘Participation of companies in Iran’s exhibitions abroad up 157%’

TEHRAN - Managing director of Iran International Exhibitions Company (IIEC) says the number of companies that participate in international exhibitions held by IIEC in foreign countries has increased by 157% in the current Iranian calendar year (ends on March 19) compared to the previous year, ILNA reported.

NIOC’s exploratory drillings surpass 13,000 meters

TEHRAN – National Iranian Oil Company (NIOC)’s Exploration Directorate has managed to drill nine exploratory wells with a total depth of 13,281 meters in the current Iranian calendar year (ends on March 19), Shana reported on Sunday, quoting an official with the company.

ICCIMA establishes coronavirus containment headquarters

TEHRAN – Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has set up Coronavirus Containment Headquarters in the chamber for cooperation with organizations that are responsible battling the virus.

Petchem exports up 5% in 10 months on year

TEHRAN- The value of Iran’s petrochemical exports during the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020) rose five percent compared to the same period of time in the past year, IRNA reported on Sunday.

Growth returns to TSE, IFB

TEHRAN- Tehran Stock Exchange (TSE), which is Iran’s major exchange, and Iran’s over-the-counter (OTC) market witnessed growth of their indexes on Sunday after they had experienced some sharp fall on Saturday (the first day of Iranian calendar week).

Value of trades at IME climbs 37% in a week

TEHRAN- The worth of trades at Iran Mercantile Exchange (IME) has risen 37 percent during the past Iranian calendar week (ended on Friday), according to a report released by the Public Relations and International Affairs Department of IME.

TEDPIX, IFX fall on Saturday

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), fell 18,025 points to 505,825 on Saturday, the first day of Iranian calendar week, IRNA reported.

Domestic steel consumption surplus to reach 10m tons

TEHRAN - Head of Tehran Iron and Steel Traders Union says the country’s domestic steel consumption is expected to reach 17 million tons in the current Iranian year (ends on March 19), and considering the production plans there will be a 10 million-ton surplus this year, IRNA reported.

SEO changes regulations on trading codes for new shareholders

TEHRAN- Iran’s Securities and Exchange Organization (SEO) has set new regulations for issuance of trading codes for the new shareholders in the country’s stock market, ISNA reported on Saturday.

By Mahnaz Abdi

Sanctions not to impede Iranian steel sector’s upward trend

Although in early May last year, the U.S. imposed new sanctions on Iran targeting the country’s metals sector, the report released by World Steel Association (WSA) and also Iranian organizations indicate that not only did not the new round of sanctions hinder Iranian steel sector, this industry has preserved its growth trend as well.

‘Shortages of raw materials for health products to be supplied through imports’

TEHRAN – Iran’s deputy industry, mining, and trade minister for industry affairs said supplying raw materials to the producers of health products is currently the ministry’s priority and any shortage will be compensated for through imports.

Iran’s top automaker to unveil 9 new models within 3 years

TEHRAN – Iran’s major automaker Iran Khodro Company (IKCO) is going to launch nine new vehicles within the next three years, IRNA reported on Saturday, quoting IKCO vice president for research and development.

‘Essential goods distributed abundantly for Norouz holidays’

TEHRAN – Iran’s Industry, Mining, and Trade Minister Reza Rahmani said on Friday that people’s essential requirements are being supplied and distributed continuously in the markets for Norouz holidays, Shata reported.

NPC producing antiseptic products to battle coronavirus

TEHRAN – Iran’s National Petrochemical Company (NPC) is producing antiseptic products following an all-out mobilization for containing the coronavirus, Shana reported on Friday, quoting an official with the company.

Production by major automakers exceeds 790,000 in 11 months

TEHRAN - Three major Iranian carmakers, namely Iran Khodro Company (IKCO), SAIPA Group and Pars Khodro, manufactured 793,924 vehicles during the first 11 months of the current Iranian calendar year (March 21, 2019-February 19, 2020), IRNA reported citing the data released by Codal website.

110,000 KWh of electricity to be offered at IRENEX tomorrow

TEHRAN – Iranian private power suppliers are due to offer 110,000 kilowatt hours (KWh) of electricity at the country’s Energy Exchange (known as IRENEX) on Saturday, IRNA reported.

TEDPIX climbs 10% in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 10 percent during the past Iranian calendar week (ended on Friday), IRNA reported.

‘Iran establishes intl. banking ties beyond FATF’

TEHRAN - The governor of the Central Bank of Iran (CBI) says the country has established international banking ties that are unsanctionable and also do not relate to FATF, Mehr news agency reported.

Water, electricity networks back to normal in flood-hit regions

TEHRAN - Head of Iranian Energy Ministry's Crisis Management Office, Meisam Jafarzadeh, said electricity network is back in normal operation after the recent floods in western and southwestern provinces.

‘National gas network fully stable, operational despite floods’

TEHRAN - National Iranian Gas Company (NIGC) Dispatching Director, Mehdi Jamshidi Dana, says the national gas network is completely stable and operational despite the recent floods reported in various regions across the country.