TSE posts highest ever weekly growth

TEHRAN- Tehran Stock Exchange (TSE) witnessed the highest ever weekly rise of its main index, TEDPIX, in the past Iranian calendar week (ended on Friday), which was the last week of Iran’s tenth calendar month of Dey, Tasnim news agency reported.

ICOFC aims to boost Danan oil field’s output

TEHRAN - Iranian Central Oil Fields Company (ICOFC) has installed the first drilling rig of Danan oil field’s development project, aiming for the field’s maintenance and enhancing its oil production, Shana reported.

‘Iran capable of boosting exports to neighbors up to $100b’

TEHRAN- The head of Iran’s Trade Promotion Organization (TPO) says the country has the capacity to increase exports to its 15 neighbors up to $100 billion, IRNA reported.

Iran to produce $125m of petchem catalysts annually by Mar. 2022

Tehran – Iran plans to produce $125m worth of petrochemical catalysts annually, by the end of the Iranian calendar year of 1400 (March 20, 2022), Shana reported on Wednesday, quoting a petrochemical official.

CBI officially launches open market operation system

TEHRAN - The Central Bank of Iran (CBI) officially launched an open market operation (OMO) system on Thursday, as part of its monetary policy to curb inflation, control interest rates in the interbank market and manage liquidity, IRIB reported.

3.2m barrels fuel storage facility to be launched in Qeshm Island

TEHRAN – Head of Iran's Qeshm Free Trade Zone, Hamid-Reza Mo’meni said the island’s first fuel storage facility with the capacity of 3.2 million barrels will be launched by the next 20 days, IRIB reported on Tuesday.

Exports Expansion Headquarters to be set up in coming days

TEHRAN- The head of Iran’s Trade Promotion Organization (TPO) announced that the Ministry of Industry, Mining and Trade will establish the Exports Expansion Headquarters in the coming days, IRIB reported on Wednesday.

Tehran hosting 2 international exhibitions

TEHRAN – The 11th International Exhibition of Cement, Concrete, Manufacturing Technology and Related Machinery (IRAN CEMENTEX 2020) and the 4th International Exhibition of Agriculture, Agricultural Machinery and Equipment, Input, Irrigation Systems (Iran Agri Show 2020) are running at the Tehran Permanent International Fairgrounds.

‘NIOC supplies enough low-sulfur fuel for maritime fleet’

TEHRAN – Secretary general of Iran Ship Owners Union (IRSOU) says enough low-sulfur fuel has been supplied for the country’s maritime fleet, Tasnim reported on Wednesday.

BY: Ebrahim Fallahi

How U.S.-China trade deal is going to impact Iranian oil exports?

TEHRAN – Tomorrow, the U.S., and China are going to sign a trade deal, which is expected to ease the tensions between the two economic rivals and push the global economy out of recession and bring markets back to life.

Second phase of Iran’s TJPC goes operational

TEHRAN – The second phase of Takht-e-Jamshid Petrochemical Complex (TJPC) was officially inaugurated on Tuesday in Mahshahr Special Petrochemical Economic Zone in southwestern Khuzestan Province.

CBI to facilitate private sector’s foreign trade

TEHRAN – The governor of the Central Bank of Iran (CBI) says the bank is going to take necessary measures in order to facilitate the private sector’s foreign trade, IRIB reported.

Modification of refineries requires $10b: Zanganeh

TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said modification and improvement of the country’s refineries needs $10 billion of investment, IRNA reported.

TEDPIX hits a new record after some drops

TEHRAN- Iranian stock market which witnessed a downward trend during the past Iranian calendar week (ended on Friday), started the current week with growth. Indexes rose on Saturday and Sunday and there was a record on Monday.

Tehran to host Iran-Qatar Joint Economic Committee meeting

TEHRAN- The seventh meeting of Iran-Qatar Joint Economic Committee is planned to be held in Tehran within the next three months, the head of Iran’s Trade Promotion Organization (TPO) announced on Monday.

Iran manages to save $1.6b worth of electricity in summer peak period

TEHRAN – Head of Iran’s Power Generation, Transmission and Distribution Management Company, known as Tavanir, said by applying consumption management programs the Energy Ministry managed to prevent the consumption of 70 trillion rials (about $1.66 billion) worth of electricity during the summer peak period, IRNA reported.

NPC to inaugurate 23 new petchem projects in Assaluyeh

TEHRAN – National Petrochemical Company (NPC) is planning on inaugurating 23 petrochemical projects in Assaluyeh petrochemical zone in southwestern Bushehr province, Shana reported, quoting an official with NPC.

Kish Island to host seminar on indigenizing petchem catalysts

TEHRAN – Iran’s National Petrochemical Company (NPC) is going to hold a seminar on the indigenization of petrochemical industry catalysts in Kish Island on January 16, IRIB reported.

RIPI inks MOU with domestic university for research co-op

TEHRAN – Iran’s Research Institute of Petroleum Industry (RIPI) signed a memorandum of understanding (MOU) with Quchan University of Technology for cooperation in conducting research in oil, gas and petrochemical areas, Shana reported.

Steel exports up 19% in 9 months on year

TEHRAN- Iran’s crude steel exports rose 19 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2019) from the same period of time in the previous year, IRNA reported on Saturday.

Exports by Iranian SMEs exceed $1.6b in Mar.-Dec.

TEHRAN - Iranian small and medium-sized enterprises (SMEs) exported more than $1.6 billion worth of commodities in the first nine months of the current Iranian calendar year (March 21-December 21, 2019), IRNA reported, quoting an official with Iran Small Industries and Industrial Parks Organization (ISIPO).

‘Tehran-Baghdad banking ties to improve after U.S. leaves Iraq’

TEHRAN – Head of Iran-Iraq Joint Chamber of Commerce says banking relations between the two countries will get much better if the Americans leave the Arab country and their interference ends.

Industry sector’s 9-month production up 10%

TEHRAN – Production of major industrial products in Iran during the first nine months of the current Iranian calendar year (March 20-December 21, 2019) increased by 10 percent year on year, IRNA reported on Thursday, quoting the industry minister.

NPC to conduct Iran’s 1st natural gas polymerization project

TEHRAN – Head of Iran’s National Petrochemical Company (NPC) says a project for producing polymer from natural gas is going to be conducted in the country for the first time in the next Iranian calendar year (March 2020-March 2021).

Iran, Vietnam mulling over inking preferential trade agreement

TEHRAN – Iran, and Vietnam are considering signing a preferential trade agreement in order to boost the level of trade between the two countries to $2 billion, IRNA reported.

‘Iran ensures safety of commercial vessels passing through its waters’

TEHRAN - Head of Iran’s Ports and Maritime Organization (PMO) said the foreign commercial vessels can pass through Iran’s waters on their normal basis and Iranian ports do not apply any limitation on their passage.

Railway fleet to receive 300 domestically-made locomotives, wagons by mid-March

TEHRAN – Iranian Transport and Urban Development Minister Mohammad Eslami said the county’s railway fleet is going to receive 300 new domestically-manufactured wagons and locomotives by the end of the current Iranian calendar year (March 19).

Govt., private sector discuss business, trade issues in dialogue council

TEHRAN - The 92nd dialogue council of the government and the private sector was held in Tehran on Tuesday to discuss issues pertaining to economy, trade and the market, IRNA reported.

South Pars daily gas production capacity up 14mcm

TEHRAN – Daily gas production from Iran’s giant South Pars gas field (in the Persian Gulf) has increased by 14 million cubic meters (mcm), IRNA reported on Tuesday, quoting deputy operator of the phases 22-24 development project.

Iran in talks with foreign investors for funding Chabahar airport project

TEHRAN - Chairman of the board of Chabahar Free Trade–Industrial Zone Organization said his organization is in talks with foreign investors for financing the project for the construction of an international airport in the port city.