Precious stones, metals export increases 25% in 9 months on year

TEHRAN- Iran’s exports of precious stones and metals during the nine-month period ended on December 21, 2108 rose 25 percent compared to the same period of time in the past year, IRNA reported citing the data released by the Islamic Republic of Iran’s Customs Administration (IRICA).

Gas produced in South Pars platform 13B injected to offshore refinery

TEHRAN- Gas produced in platform 13B of Iran’s South Par gas field was injected to the offshore refinery of phase 13 of the gas field development, Payam Motamed, the operator of this phase, announced.

Tehran to host intl. logistics expo in late Jan.

TEHRAN - The 4th International Exhibition of Logistics and Supply Chain related Industries and Equipment is slated to be held during January 23-26 at Tehran International Permanent Fairgrounds, IRIB reported.

576 industrial, mining projects to be inaugurated in early Feb.

TEHRAN- An official from the Iranian ministry of industry, mining and trade informed that some 576 industrial and mining projects will be inaugurated during the Ten-Day Dawn (February 1-10, marking the victory anniversary of the Islamic Revolution), IRNA reported on Saturday.

‘Auto part manufacturers to receive $950m of facilities’

TEHRAN- “Iranian ministry of industry is to grant 40 trillion rials (about $952.3 million) of facilities to supply working capital for the auto part manufacturing units,” Iranian Industry Minister Reza Rahmani announced, IRNA reported on Thursday.

3000 new small-scale solar plants to be constructed in rural areas

TEHRAN – Deputy Energy Minister Mohammad Sadeghzadeh said 3000 new small-scale solar plants are going to be constructed in the country’s underprivileged and rural areas by the end of the current Iranian calendar year (March 20, 2019), IRNA reported.

NIMA supplies €6.2b for imports of goods, services

TEHRAN- Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied €6.276 billion of foreign currency for imports of goods and services since early August, IRIB reported on Thursday.

Over 27m tons of iron ore produced in 9 months

TEHRAN- Iran produced 27,031 million tons of iron ore during the nine-month period ended on December 21, 2018, IRNA reported citing the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).

Over $16b of tax revenues earned in 9 months

TEHRAN- Iran’s tax incomes during the first nine months of the current Iranian calendar year (March 21-December 21, 2018) stood at 680 trillion rials (about $16.19 billion), Head of Iran's National Tax Administration (INTA) Seyed Kamel Taqavi-Nejad announced.

Over $924m of state-owned shares divested since last March

TEHRAN- Iranian Privatization Organization (IPO) has offered 38.826 trillion rials (about $924.4 million) of state-run shares to the private sector since the beginning of the present Iranian calendar year 1397 (March 21, 2018), IRNA reported.

By Haniyeh Sadat Jafariyeh

Getting around sanctions with crypto-rial

In April 2018, the Central Bank of Iran banned domestic banks and people from dealing in foreign cryptocurrency because of money laundering and financing risks.

40 new CNG stations to go operational next month

TEHRAN- National Iranian Oil Products Distribution Company (NIOPDC) will put 40 new compressed natural gas (CNG) filling stations into operation throughout the country during the Ten-Day Dawn (February 1-10, marking the victory anniversary of the Islamic Revolution), Hamid Qasemi Deh-Cheshmeh, director for CNG project of NIOPDC, announced.

Switzerland to host next joint economic committee meeting with Iran: envoy

TEHRAN – Swiss government is planning to host the next Iran-Switzerland Joint Economic Committee meeting, the portal of Iran’s Trade Promotion Organization (TPO) quoted the Swiss ambassador to Tehran as saying.

New petrochemical projects to go operational by yearend

TEHRAN – Two new petrochemical projects will start operating by the end of the current Iranian calendar year (March 22), IRIB reported on Wednesday quoting an official at NPC.

Renewables capacity up 96% in 9 months on year

TEHRAN- The capacity of generating electricity from renewable sources in Iran has increase 96 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2018) from the same time span in the past year, IRIB reported on Wednesday citing energy ministry's news portal (known as Paven).

Japan banks set to resume Iran oil transactions after regulatory clearance

Major Japanese banks are set to resume Iranian oil transactions after receiving final regulatory clearance, paving the way for the country's refiners to begin loadings as early as this month, sources with direct knowledge of the matter told S&P Global Platts Tuesday.

Aluminum ingot production exceeds 228,300 tons in 9 months

TEHRAN- Three major aluminum ingot producers in Iran produced 228,314 tons of ingots during the first nine months of the current Iranian calendar year (March 21- December 21, 2018), IRNA reported.

Private sector seeking imports not relying on NIMA

TEHRAN- Regrading the urgent need of producers for the raw materials and also for machineries, setting up a mechanism for imports of such goods not relying on receiving foreign currency through NIMA is now seen more necessary, head of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) stressed.

Transit of goods via Iran increases 4% in 9 months on year

TEHRAN- Transit of commodities via Iran rose four percent during the nine-month period from March 21 to December 21, 2018 from the same period of time in its previous year, Reza Nafisi, director general of Transit and International Transportation Department in Iran Road Maintenance & Transportation Organization, informed, IRIB reported.

Chinese investment in Abadan Refinery at $2b

TEHRAN - Alireza Sadeq-Abadi, the managing director of National Iranian Oil Refining and Distribution Company (NIORDC) said China has already made some $2 billion of investment in the development project of Abadan Refinery in southwest of Iran.

Development of Kish Gas Field awarded to POGC

TEHRAN- Development of Kish Gas Field was awarded to Pars Oil and Gas company (POGC), Mohammad Meshkinfam, the company’s managing director, announced.

Iraqi Kurdistan calls for expansion of economic ties with Iran

TEHRAN – Iraqi Kurdistan’s senior officials called for expansion of trade ties with Iran during an Iran-Kurdistan business forum which was held on Tuesday in Erbil, IRNA reported.

S. Korea to receive Iranian condensate cargoes in Jan. after 4-month gap

A South Korean oil buyer is set to receive about 2 million barrels of Iranian condensate in January, a source familiar with the matter said on Monday.

Export guarantee issuance up 62% in 9 months on year

TEHRAN – The issuance of export guarantees in the country increased by 62 percent during the first nine months of the current Iranian calendar year (March 21-December 21, 2018) compared to the figure for last year’s same period, IRIB reported on Monday quoting head of Export Guarantee Fund of Iran (EGFI).

Hydroelectric power plants’ capacity to hit 10,500 GWh by March 20

TEHRAN- Electricity generation capacity of the hydroelectric power plants in the country will reach 10,500 gigawatt hours (GWh) by the end of the current Iranian calendar year (March 20, 2019), the director of Iran’s Hydroelectric Power Plants Management Center announced.

India’s monthly oil imports from Iran up 9.4% in Dec.

TEHRAN- India imported 302,000 barrel per day (bpd) of oil from Iran in December 2018, an increase of 9.4 percent from November, ship tracking data reviewed by Reuters showed.

3rd round of offering oil at IRENEX on Jan. 21

TEHRAN-National Iranian Oil Company (NIOC) will offer one million barrels of light crude oil at Iran Energy Exchange (IRENEX) for the third time on January 21, IRNA reported on Monday.

Order registration period extended

TEHRAN- Iranian deputy industry minister informed of an agreement between his ministry and the Islamic Republic of Iran Customs Administration (IRICA) on extension of order registration period for importing goods from three months to six months, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.

Investments in industrial sector doubled in 8 months

TEHRAN- According to the data released by the Iranian industry minister, during the first eight months of the present Iranian year (March 21- November 21, 2018), some 384.36 trillion rials (about $9.15 billion) of investments have been made in domestic industrial sector, IRNA reported on Sunday.

Industrial, energy projects worth $436m inaugurated

TEHRAN - Iranian First Vice-President Es’haq Jahangiri inaugurated major industrial and energy projects worth 18.33 trillion rials (about $436.4 million) in Kashan County, central Iran, on Sunday, IRNA reported.