Iran reaches preferential tariff deals with Oman, Pakistan

TEHRAN - Iran has reached agreements with Oman and Pakistan to export goods under preferential tariff arrangements, Industry, Mining and Trade Minister Mohammad Atabak announced on Wednesday.

Oil Ministry moves to attract investment, ease upstream contracting

TEHRAN - Iran’s Oil Ministry is stepping up efforts to draw in investment and accelerate contract processes in the country’s oil and gas sector, according to a senior official at the National Iranian Oil Company (NIOC).

SEO to revive intl. stock exchange project in FTZs

TEHRAN – Iran’s Securities and Exchange Organization (SEO) is moving to revive its long-delayed international stock exchange project in the country’s free trade zones through renewed collaboration with the Free and Special Economic Zones High Council.

Daily gas output from South Pars Phase 11 rises by 60%

TEHRAN - Iran has increased daily natural gas production from Phase 11 of the South Pars gas field by 60 percent over the past 10 months, raising output from 12 million cubic meters to 20 million cubic meters per day under the current administration.

Industries ready to add 895MW of thermal power to national grid in summer

TEHRAN - Iran's aluminum producer Almahdi connected the second 183-megawatt unit of its thermal power plant to the national electricity grid on Monday, a senior official said, as part of a broader push by energy-intensive industries to boost self-supplied power generation.

Iran, Venezuela to finalize FTA in coming days

TEHRAN - Iran and Venezuela are set to finalize the text and annexes of their long-anticipated free trade agreement within the next two days, a senior Iranian official announced following a meeting in Tehran.

By Seyed Mehrdad Bani-Hashemi Kahangi

Sanctions and soul of a nation: Rethinking economic warfare on Iran

In the quiet corridors of Iranian hospitals, where children wait for medicine that never arrives, and in the crowded markets of southern Tehran, where inflation is rewriting the price of bread by the hour, one truth has become inescapable: the real cost of U.S. sanctions is not political—it is profoundly human.

Private sector pitches 30 investment packages as mining investment forum kicks off

TEHRAN - A specialized conference on investment opportunities in Iran’s mining and mineral industries opened on Monday in Tehran, bringing together private sector operators and officials from the Ministry of Industry, Mining and Trade.

Gas injection to Shourijeh storage facility rises 23%

TEHRAN - Gas injection into the Shourijeh underground storage facility has been increased by 23 percent since the beginning of the season, the managing director of Shahid Hasheminejad Gas Refinery said.

Over $1b allocated for medicine imports since March

TEHRAN - Central Bank of Iran (CBI) announced that it has allocated and supplied more than $1.041 billion for the import of medicines, pharmaceutical raw materials, and medical equipment since the beginning of the current Iranian year (late March).

7m smart meters to be installed across Iran by late March 2026

TEHRAN – Iranian Energy Ministry aims to install seven million smart electricity meters by the end of the current Iranian year (late March 2026), with the goal of reaching nine million units by the following fall, a senior official at the state-owned Power Generation, Transmission and Distribution Company (Tavanir) said.

TEDPIX loses 5,700 points on Sunday

TEHRAN- TEDPIX, the main index of the Tehran Stock Exchange (TSE), lost 5,700 points to 3,035,000 on Sunday, which is the second day of the Iranian calendar week.

NPC needs $18b investment to fully utilize petchem industry capacity

TEHRAN – Iran’s National Petrochemical Company (NPC) requires nearly $18 billion in investment to overcome challenges and unlock the full potential of its petrochemical industry, a senior official said, underscoring the critical need for a stable supply of feedstock.

Over 27m passengers traveled via public road transport in 2 months

TEHRAN - More than 27 million passengers used Iran’s public road transport fleet during the first two months of the Iranian calendar year 1404 (March 21 to May 21, 2025), according to the country’s Road Maintenance and Transportation Organization.

Iran offers to build 1m housing units in Kenya

TEHRAN - Iran has expressed readiness to help build one million social housing units in Kenya, according to the head of Iran’s Urban Regeneration Company during a meeting with Kenya’s Cabinet Secretary for Lands, Public Works, Housing, and Urban Development.

Overhaul of phases 17, 18 offshore platforms at South Pars completed

TEHRAN - The overhaul of the offshore platforms in phases 17 and 18 of Iran’s South Pars gas field has been successfully completed after carrying out more than 1,300 operational tasks, according to the head of South Pars gas platform maintenance.

Over 1,200 government offices equipped with solar panels

TEHRAN - Iran has equipped 1,239 government offices with solar panels as part of a nationwide energy-saving initiative, an official from the state-run Power Generation, Distribution and Transmission Company (Tavanir) said.

Iran seeks BRICS bank membership in talks with President Rousseff

TEHRAN - Iran’s central bank governor, Mohammad Reza Farzin, met with Dilma Rousseff, president of the BRICS New Development Bank (NDB), in Shanghai on the sidelines of the Shanghai Cooperation Organization (SCO)'s finance summit, reaffirming Tehran’s intention to join the multilateral lender.

Petchem sector invests $5b to curb gas flaring, aims to cut carbon emissions by half

TEHRAN – Iran’s petrochemical industry has invested $5.0 billion to reduce gas flaring in upstream oil operations and is drafting a strategic roadmap to further cut emissions, according to the health, safety and environment (HSE) director of the National Petrochemical Company (NPC).

Iran’s refining capacity rises to 2.4m barrels a day

TEHRAN – Iran has increased its daily crude oil refining capacity to 2.4 million barrels, with the Abadan refinery contributing the largest share to the rise, according to a senior official at the National Iranian Oil Refining and Distribution Company (NIORDC).