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.

Renewables prevent consuming 1.3bcm of natural gas in Iran

TEHRAN - Director General of the Office of Economic, Social and Environmental Studies at Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) says the country’s renewable power plants have so far prevented the consumption of 1.3 billion cubic meters of natural gas in thermal power plants.

BY: Ebrahim Fallahi

‘Adapting to new technologies a prerequisite for improving businesses’

TEHRAN – The secretary of Iran’s 3rd National Conference on Improvement and Rebuilding of Organizations and Businesses says improving the business environment in the country is impossible using the traditional ways, because in the era of the “fourth industrial revolution” we are witnessing tremendous developments in technology and businesses and organizations must adapt to these changes.

NIOPDC inks MOU for renovation of oil products transport fleet

TEHRAN – National Iranian Oil Products Distribution Company (NIOPDC) signed a trilateral Memorandum of Understanding (MOU) with an Iranian bank and a domestic manufacturer of oil products storages for renovation of its transportation fleet.

TCCIMA to dispatch trade delegation to Greece in late Feb.

TEHRAN- Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) plans to send a trade delegation to Greece in late February.

Construction of S. Azadegan field’s CTEP to be completed by 2022

TEHRAN – The construction of the South Azadegan oil field’s Central Treatment Export Plant (CTEP) is going to be completed by the end of the Iranian calendar year of 1400 (March 20, 2022), IRNA reported, quoting an official with Iran’s Petroleum Engineering and Development Company (PEDEC).

‘Thwarting U.S. economic pressure best way to follow martyr Soleimani’s path’

TEHRAN – Governor of the Central Bank of Iran (CBI) says neutralizing U.S. plans for economic pressure on the country is the best way to follow the path of Martyr Soleimani, IRIB reported on Saturday.

Iran's 8-month iron ore exports up 46% yr/yr

TEHRAN - Iran exported 10.609 million tons of iron ore during the first eight months of the current Iranian calendar year (March 21-December 22, 2019), registering a 46-percent rise year on year, IRNA reported, citing the data from Islamic Republic of Iran Customs Administration (IRICA).

Tehran hosting intl. expo on airport, related industries

TEHRAN – Iran’s 5th International Exhibition of Airport, Airplane, Flight Industries and Related Equipment kicked off at Tehran International Permanent Fairgrounds on Saturday, IRIB reported.

Cement, clinker exports from Iran up 22% in 8 months yr/yr

TEHRAN- Iran exported 11.4 million tons of cement and clinker in the first eight months of the current Iranian calendar year (March 20- November 21), which was 22 percent higher than the figure for the same period of time in the past year, IRNA reported on Saturday, citing official data.

‘Developing renewables industry requires govt. support’

TEHRAN - Director General of the Office of Economic, Social and Environmental Studies at Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) says the country’s renewables industry needs government support to reach the desired level of development, IRNA reported on Saturday.

Iran’s exports to Eurasia rising after preferential trade pact

TEHRAN – Head of the Export Promotion Committee of Iran Chamber of Commerce, Industries, Mines and agriculture (ICCIMA) says the exports of some highly-demanded goods to Eurasia has been facilitated after implementation of a preferential trade deal with Iran, and the volume of trade is rising for these items.

Lack of enough CNG stations could rise gasoline consumption

TEHRAN - Head of Tehran Compressed Natural Gas (CNG) Association says although converting gasoline-fuel cars into dual-fuel ones in the country is expected to raise CNG consumption by up to 10 percent, lack of enough CNG stations could once again rise gasoline consumption.

Major auto makers to be privatized by March 2021

TEHRAN – Iranian Industry, Mining, and Trade Ministry plans to hand over the country’s major automakers to the private sector by the end of the next Iranian calendar year (March 2021), IRIB reported, quoting a deputy in the named ministry.

‘No worries over supply of basic goods’

TEHRAN – Iranian Industry, Mining, and Trade Minister Reza Rahmani said on Thursday that the government has stored enough amounts of basic goods and there are no worries over the supply of such commodities in the country, ILNA reported.

Construction sector’s productivity growth rate negative in past 2 years

TEHRAN - Head of the National Iranian Productivity Organization (NIPO) says the annual productivity growth rate in the country’s construction sector has been negative for the past two years, IRNA reported on Wednesday.

Development projects worth $491m inaugurated in northwestern Iran

TEHRAN - Iranian President Hassan Rouhani, on Wednesday, inaugurated several development projects during a visit to Ardebil Province, northwestern Iran, IRNA reported.

TEDPIX posts a new record

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), hit the record high of 380,000 points on Wednesday, IRNA reported.