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.

Tehran, Islamabad discuss free trade agreement

TEHRAN – A Trade delegation from Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) traveled to Pakistan to discuss expansion of trade ties between the two countries.

25,000 nomadic households to access solar electricity by Mar.2021

Tehran – Head of Nomads Affairs Organization of Iran says 25,000 nomadic households are going to be supplied with photovoltaic power stations (known as PV systems) by the end of the next Iranian calendar year (March 2021).

Iran’s Jan. steel output growth 23 times global average: WSA

TEHRAN - The latest report released by the World Steel Association (WSA) shows that Iran’s crude steel output has increased 46.7 percent in January while the global average growth rate stood at 2.1 percent, IRNA reported, citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Iran’s gas output to hit record high by mid-March: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that the country’s daily gas production is going to reach one billion cubic meters (mcm) by the end of the current Iranian calendar year (March 19) when all the South Pars phases go operational.

1st section of Tehran-Shomal freeway inaugurated

TEHRAN – The first section of the long-awaited Tehran-Shomal freeway, which shortens the route between the Iranian capital and Mazandaran province in the north, was officially inaugurated on Tuesday by President Hassan Rouhani.

TEDPIX, IFX on rising trend

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 14,778 points to 518,513 on Tuesday, after it notches the ever-high record of one million points on Monday, IRNA reported.

TEDPIX notches record high of half million points

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), posted a record high on Monday when it climbed 4,831 points to 503,735, IRNA reported.

3rd platform of South Pars phase 13 installed on offshore spot

TEHRAN- Platform 13A, the third platform of phase 13 of Iran’s South Pars gas field’s development project was installed on its designated offshore spot on Monday, Public Relations Department of Pars Oil and Gas Company, which is in charge of developing the gas field, announced.

Iran-Syria Joint Chamber of Commerce’s board members selected

TEHRAN- During a session of the establishment assembly of Iran-Syria Joint Chamber of Commerce on Sunday, the new board members of the chamber were selected.

Majlis rejects general outlines of budget bill

TEHRAN – The Iranian Parliament (Majlis) on Monday rejected general outlines of the national budget bill for the next Iranian calendar year 1399, which starts on March 20, ISNA reported.

Private sector accounts for 60% of Iran’s power generation

TEHRAN - Head of Iran's Power Generation, Transmission and Distribution Management Company, known as Tavanir, says 60 percent of the country’s power generation capacity has been created by the private sector funding and more investment is being made in this sector.

TEDPIX approaching 500,000 points

TEHRAN- On Sunday, TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 17,106 points to 498,904, IRNA reported.

Over $7b of loans paid to SMEs, semi-finished projects in 10 months

TEHRAN – Iran’s Ministry of Industry, Mining and Trade announced that in the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020), some 299.9 trillion rials (over $7.1 billion) worth of bank loans have been paid to small and medium-sized enterprises (SMEs) and semi-finished industrial projects with an over 60 percent physical progress.

Nearly 5.7m tons of oil products traded at IRENEX since Mar. 2019

TEHRAN - Managing Director of Iran Energy Exchange (IRENEX) says nearly 5.7 million tons of oil products have been traded at the IRENEX since the beginning of the current Iranian calendar year (March 21, 2019).

ESCO to supply 5,000 tons of rail track for domestic project

TEHRAN – Iran’s Esfahan Steel Company (ESCO) has signed a deal with Khatam-al Anbiya Construction Headquarters for manufacturing 5,000 tons of rail tracks to be used by Khatam-al Anbiya in a railway project.

Passenger car output at 612,000 in 10 months

TEHRAN - Iranian carmakers manufactured 612,000 passenger cars during the first 10 months of the current Iranian calendar year (March 21, 2019-January 20, 2020), IRNA reported citing the data released by Industry, Mining and Trade Ministry.

‘FATF blacklist won’t affect Iran’s foreign trade, forex market stability’

TEHRAN – The governor of Central Bank of Iran (CBI) says blacklisting Iran by the Financial Action Task Force (FATF) is not going to cause any problem for the country’s foreign trade and stability of foreign currency market.

Inflation rate drops 1.6%: SCI

TEHRAN- The Statistical Center of Iran (SCI) announced that the inflation rate in the twelve-month period ended on February 19, which marks the end of the eleventh Iranian calendar month of Bahman, stood at 37 percent.

PMO to hold conference on effective rail-port connection

TEHRAN – Iran’s Ports and Maritime Organization (PMO) is going to hold a conference on the efficient connection of the country’s ports to the national railway network, IRIB reported on Thursday.

Iran’s envoy discusses oil market with OPEC secretary-general

TEHRAN - Kazem Gharibabadi, Iran’s permanent representative to the Vienna-based international organizations, held talks with Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Barkindo on Thursday to discuss the oil market.

'Domestic production to create jobs for youth'

TEHRAN – Iranian Industry, Mining and Trade Minister Reza Rahmani says promoting domestic production is going to create new job opportunities for the country’s youth which constitute the majority of the country’s 80-million population, IRNA reported.

‘Oil Ministry determined to upgrade oil sector standards’

TEHRAN- Iran’s deputy oil minister for engineering, research, and technology affairs said Oil Ministry is taking serious measures for improving standards in the oil industry, Shana reported on Tuesday.

Rouhani unveils 3 domestically-made cars

TEHRAN- During a ceremony on Wednesday, three Iranian-made cars were unveiled in the presence of President Hassan Rouhani, IRNA reported.

PEDEC to use skid-mounted facilities to accelerate projects

TEHRAN - Petroleum Engineering and Development Company (PEDEC) inked an agreement with the Academic Center for Education, Culture and Research (ACECR) for cooperation in designing and constructing a skid-mounted processing unit to be used in South Azadegan oil field’s development project.

Iran’s export to EAEU climbs 72% in 10 months

TEHRAN- The value of Iran’s exports to the Eurasian Economic Union (EAEU)’s member states rose 72 percent during the first ten months of the current Iranian calendar year (March 21-December 21, 2019) compared to the same period of time in the past year, the spokesman of Islamic Republic of Iran Customs Administration (IRICA) announced.

Over $35b supplied for import of basic goods since last March

TEHRAN- Despite the U.S. sanctions and their most pressures on Iranian economy Iran has managed to supply $35.5 billion for importing basic commodities in the current Iranian calendar year (began on March 21, 2019), Central Bank of Iran (CBI)’s governor informed on Tuesday.

By Ebrahim Fallahi

S. Korean companies leave Iran: Such a pity! But for them

TEHRAN – South Korea’s LG Electronics and Samsung have ended their presence in the Iranian market over the past few months, abiding by the U.S. pressures for cutting ties with one of their biggest markets.

Iran unveils domestically-made drilling rig

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh unveiled a domestically-built drilling rig in a ceremony held in Khuzestan province, southwestern Iran on Tuesday.

Promoting domestic production a ‘must' in the sanctions era: Zanganeh

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh says promoting the country’s domestic production in various areas is a key to Iran’s economic development during the sanctions, Shana reported.