Steel ingots, products export up 46% in 9 months on year

TEHRAN- Iran’s export of steel ingots and steel products has increased 46 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2019), IRNA reported on Monday citing the data released by the Association of Iranian Steel Producers.

NIMA supplies over €25b for imports of goods, services since April 2018

TEHRAN - Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied over €25 billion for imports of goods and services since it was launched in April 2018 up to February 1, 2020, IRNA reported.

133 major energy projects inaugurated across Iran

TEHRAN – Iranian Energy Minister Reza Ardakanian said on Saturday that 133 major energy projects have been inaugurated across the country in recent months, IRNA reported, citing the portal of the Energy Ministry (Paven).

Iran’s industrial producer inflation turns negative

TEHRAN – Iran’s industrial producer inflation has dropped to -2.3 percent in autumn (September 23-December 21, 2019) for the first time in four years, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

Tehran hosting intl. building, property expo

TEHRAN – The first edition of Iran’s international exhibition of building and property (Iran Build and Property Show 2020) kicked off at Tehran Permanent International Fairgrounds on Sunday, IRNA reported.

China shipped in over 295,000 bpd of Iranian oil in 2019: customs

TEHRAN – China imported 295,400 barrels per day (bpd) of Iranian crude oil on average during 2019, despite U.S. pressure to wipe out oil exports from Iran to the country, IRNA reported, citing Chinese customs data. 

Iran to build over 30,000 housing units in Syria

TEHRAN – Iran’s Transport and Urban Development Ministry has signed an agreement with Syria’s Ministry of Public Works and Housing based on which Iranian companies are going to construct over 30,000 housing units in the neighboring country.

Tehran Stock Exchange ranks 2nd among WFE members

TEHRAN – Tehran Stock Exchange (TSE) has been ranked as the second best performer among the members of the World Federation of Exchanges (WFE) in terms of the main index growth during the 12 month period of December 2018-December 2019.

India doubles budget for Chabahar development project

TEHRAN – India has doubled the allocated funding for the development of Iran’s Chabahar port in its national budget bill for 2020, Times of India reported on Saturday.

TEDPIX down 954 points on Saturday

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), fell 954 points to 426,184 on Saturday, IRNA reported.

Industrial unit establishment permits rise 18% in 9 months

TEHRAN- The number of permits issued for establishment of industrial units in Iran has increased by 18 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2019) compared to the same period of time in the past year, IRNA reported citing the data released by the Ministry of Industry, Mining and Trade.

Commodities worth nearly $3.4b traded at IME during January

TEHRAN- According to a report released by the International Affairs and Public Relations Department of Iran Mercantile Exchange (IME), some 2.874 million tons of commodities valued at $3.397 billion were traded at this exchange market in January.

By Ebrahim Fallahi

Coronavirus spreading pessimism across oil markets

Fears over the spread of the Coronavirus continue to overshadow the oil market as the number of people sickened by the virus has exceeded 10,000 globally and the death toll in China has passed over 200.

Nearly 800 industrial, transport projects to come on stream in 10 days

TEHRAN – Iranian government is planning to inaugurate numerous industrial, mining, and transport projects during the Ten-Day Dawn which marks the 41st anniversary of the Islamic Revolution, IRNA reported on Saturday.

Last platform of SP phase 14 installed

TEHRAN- Platform 14D, which is the fourth (and last) platform of phase 14 of South Pars gas field (in the Persian Gulf) development project, was installed on its designated offshore jacket on Saturday, IRNA reported.

Iran Build and Property Show 2020 to kick off on Sunday

TEHRAN- Tehran Permanent International Fairgrounds will host Iran Build and Property Show 2020 from Sunday until Wednesday.

Manufacturing of refrigerators, freezers rises 3.9% in 9 months on year

TEHRAN- Manufacturing of refrigerators and freezers in Iran has increased 3.9 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.

TEDPIX up 4% in a week

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 15,928 points, or four percent, to 427,139 during the past Iranian calendar week (ended on Friday), IRNA reported.

Iranian agricultural parks’ output at over 80,000 tons

TEHRAN – Managing Director of Iran’s Agricultural Parks Company (APC) says more than 80,000 tons of agricultural products have been produced in the country’s agricultural parks since the beginning of the current Iranian calendar year (March 21, 2019).

‘Long joint border a privilege for Iran, Iraqi Kurdistan to expand trade’

TEHRAN - Having over 500 kilometers of shared borders, Iran and Iraqi Kurdistan can use this capacity to expand their trade relations, Iran's Commercial Attaché in Iraq Naser Behzad said on the sidelines of an exclusive exhibition of Iranian products in Iraqi Kurdistan region’s Sulaymaniyah.

Over $476m in loans allocated for supporting non-oil exporters

TEHRAN – Iranian banks are going to pay 20 trillion rials (about $476.2 million) of low-interest-rate facilities to the country’s exporting companies, IRNA reported, quoting the country’s industry, mining and trade minister.

Households account for 80% of Iranian natural gas consumption

TEHRAN - Iranian Energy Ministry’s spokesman for the power department says in the cold season households account for 80 percent of the country’s total natural gas consumption and the country’s power plants are forced to use alternative fuels, Tasnim news agency reported on Wednesday.

‘Iran nearly self-sufficient in manufacturing water, wastewater equipment’

TEHRAN – Iran has achieved self-sufficiency in manufacturing all the equipment used in water and wastewater industries, except for the membranes used in wastewater treatment plants, Deputy Energy Minister for Water and Wastewater Affairs Ghasem Taqizadeh Khamesi told IRNA on Thursday.

Monthly loading, unloading of goods at Iranian ports up 29% yr/yr

TEHRAN – Loading and unloading of goods in Iranian ports witnessed a 28.7-percent rise in the Iranian calendar month of Dey (December 22, 2019-January 20, 2020), Tasnim news agency reported citing the data from Ports and Maritime Organization (PMO).

IUST hosts conference on railway transportation

TEHRAN - Iran University of Science and Technology hosted the country’s first conference on “Railway Transportation, Opportunities, Capacities, and Production Boom” on Monday, IRIB reported.

TEDPIX up, IFX down on Monday

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 2,355 points to 420,668 on Monday, IRNA reported.

Major automakers’ monthly output exceeds 103,000

TEHRAN - Three major Iranian carmakers, namely Iran Khodro (IKCO), SAIPA Group and Pars Khodro, manufactured 103,677 vehicles during the tenth Iranian calendar month of Dey (December 22, 2019-January 20, 2020), IRNA reported citing the data released by Codal website.

Iran to start offering 2 new oil products at IRENEX next week

TEHRAN – Two new oil products, namely Propylene and Normal Hexane, are going to be offered at Iran Energy Exchange (IRENEX) for the first time next week, IRNA reported on Monday, quoting the managing director of IRENEX.

Red meat production down 3% in Q3 yr/yr

TEHRAN- Production of red meat in Iran has dropped three percent during this year’s autumn (which corresponds to the third quarter of the Iranian calendar year) compared to the same season in the previous year, Statistical Center of Iran (SCI) has announced.

South Pars condensate storage capacity hits 3.5m barrels

TEHRAN – Pars Oil and Gas Company (POGC) has increased the capacity of the South Pars gas field’s condensate storage facilities in southern Iran up to 3.5 million barrels, IRNA reported on Monday, quoting POGC’s projects manager for South Pars storage facilities.