CBI hosts a gathering of economists to discuss monetary issues

TEHRAN – In a meeting with the country’s economists in Tehran on Monday, the governor of Central Bank of Iran (CBI) explored issues like Integrated Forex Market, open market operations (OMO), liquidity and inflation, IRIB reported.

BY: Ebrahim Fallahi

Iran’s cryptocurrency energy crisis: the issue and solutions

These days with the summer heat arriving in Iran, once again the issue of electricity consumption and balancing the country’s power supply and demand has come under spotlight.

IME to carry out 10 macro plans for promotion of performance

TEHRAN- Managing director of Iran Mercantile Exchange (IME) said that IME has prepared ten macro plans to improve its performance during the current Iranian calendar year (ends on March 19, 2020).

‘Foreign vessels passage through Iranian waters ongoing’

TEHRAN – Head of Iran’s Ports and Maritime Organization (PMO) said all major foreign shipping companies are passing through Iran's waters on their normal basis and Iranian ports are also operating as before. As reported by IRNA, Mohammad Rastad made the remarks on the sidelines of a ceremony on the occasion of World Hydrography Day in Tehran on Tuesday.

Iran’s refining capacity to rise 250,000 bpd by March 2020

TEHRAN – Daily processing capacity of Iranian refineries is expected to increase by 250,000 barrels by the end of the current Iranian calendar year (March 19, 2020) to reach 2.4 million bpd, IRNA reported on Tuesday.

Iranian supertanker repaired inside country for 1st time

TEHRAN – Iranian technicians managed to repair a giant oil tanker inside the country for the first time in the history of Iran’s shipping industry, IRNA reported on Tuesday.

Iran enjoys appropriate self-reliance in steel sector: industry min.

TEHRAN- Iranian Industry, Mining and Trade Minister Reza Rahmani said the country has achieved a proper self-reliance in steel industry, ILNA reported.

‘Preserving production units is top priority of industry ministry’

TEHRAN- Preserving the existing production units in the country is the top priority of Iranian Ministry of Industry, Mining and Trade, IRIB quoted Mohammadreza Fayaz, the advisor to industry, mining and trade minister, as saying on Sunday.

‘Annual exports of $32b of commodities, services to neighbor countries planned’

TEHRAN- Iranian Industry, Mining and Trade Ministry has planned that the annual export of commodities and services to Iran’s 15 neighbor countries will reach $32 billion in the current Iranian calendar year (ends on March 19, 2020), IRNA quoted the senior advisor to the industry, mining and trade minister as saying on Sunday.

By Mahnaz Abdi

Offering basic goods at IME for regulated market, flourished production

Supplying basic goods is one of the major issues on the Iranian government’s agenda in the current Iranian calendar year (started on March 21) and it is one of the focal pillars in the national budget bill for this year.

IRISL ranks 14th among world’s top 100 shipping lines

TEHRAN – Islamic Republic of Iran Shipping Lines (IRISL) is ranked 14 in Alphaliner’s latest list of world’s top 100 shipping lines published on June 20, Tasnim news agency reported on Monday.

Zanganeh denies reports of decline in Iran’s oil exports

TEHRAN - Iranian Oil Minister Bijan Namdar Zanganeh said on Monday that reports about recent declines in Iranian oil exports are not true.

Iran to establish $4.5b transport development fund

TEHRAN – Iran’s Transport and Urban Development Ministry has announced that the government has allocated 190 trillion rials (over $4.5 billion) for establishing a transport development fund, IRIB reported.

NIDC drills 28 oil, gas wells in a quarter

TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of 28 oil and gas wells during the first quarter of the current Iranian calendar year (March 21-June 21), according to an official with the NIDC.

Majlis passes bill for boosting gas condensate, oil refining capacity

TEHRAN - Iranian Parliament has approved the generalities of a bill for increasing the capacity of the country’s oil and gas condensate refineries by domestic investment, IRNA reported.

$5b allocated to supply basic goods in a quarter

TEHRAN- Central Bank of Iran (CBI) Governor Abdolnaser Hemmati announced that the government has allocated $5 billion for importing basic goods during the first quarter of current Iranian calendar year (March 21-June 21), IRIB reported.

‘Preserving production is priority in steel sector’

TEHRAN- Preserving production is the priority in steel sector of the country, ILNA quoted Iranian Deputy Industry, Mining and Trade Minister for Mining Affairs Jafar Sargini as saying on Saturday.

Govt. puts priority on people’s livelihood during sanctions: CBI governor

TEHRAN – The Central Bank of Iran (CBI) governor said addressing people’s livelihood is the government’s priority during the sanctions era, IRIB reported.

Inflation rate at 37.6%: statistical center

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on June 21, which marks the end of the third Iranian calendar month of Khordad, stood at 37.6 percent, IRNA reported.

By Ebrahim Fallahi

Petro-refinery: Iran’s new weapon against U.S. sanctions

Increasing the country’s petro-refining capacity has recently become a hot topic among Iran’s top research institutions and research centers as a key defense mechanism against the impacts of the U.S. sanctions on the country’s oil industry.

By Ebrahim Fallahi

Oil market shrugs off as tensions rise in Persian Gulf region

Despite what was expected, the oil market doesn’t seem to be moved drastically by the recent turbulences in the Persian Gulf region as Iran shot down a high-technology U.S. surveillance drone when it trespassed its borders in the politically sensitive Strait of Hormuz.

Iran, Ghana ink MOU for bolstering co-op between free zones

TEHRAN – Iranian Secretariat of Free Zones High Council signed a memorandum of understanding (MOU) with Ghana Free Zones Authority (GFZA) on Saturday for expanding economic cooperation, IRIB reported.

20 industrial, mining projects to be inaugurated by March 2020

TEHRAN - An official with the Iranian Ministry of Industry, Mining and Trade announced that 20 industrial and mining projects will be inaugurated by the end of the current Iranian calendar year (March 20, 2020), IRNA reported on Friday.

TEDPIX rises 56,220 points in a quarter

TEHRAN- Tehran Stock Exchange (TSE)’s main index (TEDPIX) has increased 56,220 points or 20.4 percent to 234,879 during the first quarter of the current Iranian calendar year (March 21-June 21), Tasnim news agency reported on Saturday.

CBI unveils plans to compensate oil budget deficit in sanctions era

TEHRAN – The governor of the Central Bank of Iran (CBI) has said three plans have been developed aimed to compensate the probable budget deficit resulted from the U.S. sanctions on the country’s oil industry, Tasnim news agency reported.

Over $574m worth of commodities traded at IME in a week

TEHRAN- During weekdays ending on June 22, while 660,751 million tons (MT) of commodities worth over $574 million were traded at Iran Mercantile Exchange (IME), the trading volume and value experienced growth of 27 percent and 43 percent, respectively.

IRENEX to hold offering of 2m barrels of gas condensate on Tuesday

TEHRAN- National Iranian Oil Company (NIOC) will offer two million barrels of gas condensate at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.

Industry ministry puts priority on boosting mineral exports

TEHRAN – Iranian industry, mining and trade minister said increasing exports from the mining sector to the neighboring countries has been put on the ministry’s agenda for the current fiscal year, ILNA reported on Saturday.

‘German companies ignore U.S. sanctions in trade with Iran’

TEHRAN – Dozens of German companies are still continuing their activities in Iran and keeping their offices in the country despite the rising pressures from the U.S. government, the Portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) reported on Saturday.

‘Russia prepared to help Iran for oil exports if INSTEX not realized’

TEHRAN - Russia is ready to help Iran with oil sales and its banking sector if the European trade mechanism is not launched, Interfax cited Russian Deputy Foreign Minister Sergei Ryabkov as saying on Friday.