Economy

NIOC awards development of Yaran oil field to a domestic company

TEHRAN – Iranian Persia Oil and Gas Industry Development Company signed a contract with National Iranian Oil Company (NIOC) on Saturday for carrying out the development project of Yaran Oil Field, Shana reported.
Swedish firms committed to deals in Iran: envoy

TEHRAN – Sweden’s Ambassador to Tehran Mattias Lentz said on Saturday that Swedish companies will maintain their contracts in Iran and will fulfill their commitments, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
Quarterly aluminum ingot output up 63% yr/yr

TEHRAN- Production of the aluminum ingot in Iran rose 63 percent during the first quarter of the current Iranian calendar year (March 20-June 20) compared to the same period of time in the past year.

Iran’s exhibition events down 40% due to Covid-19 outbreak

TEHRAN - Managing director of Iran International Exhibitions Company (IIEC) said on Saturday that the number of exhibitions in the current Iranian calendar year has declined by 40 percent due to the outbreak of the coronavirus.
Iran Venezuela Bi-National Bank to be listed on stock exchange

TERHAN - Managing Director of Export Development Bank of Iran has said that an Iran-Venezuela joint bank is going to be listed on Iran’s stock market, IRNA reported.
Swedish firms committed to deals in Iran: envoy

TEHRAN – Sweden’s Ambassador to Tehran Mattias Lentz said on Saturday that Swedish companies will maintain their contracts in Iran and will fulfill their commitments, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported.
CBI instructs banking system protocols to provide finance for SMEs

TEHRAN - Central Bank of Iran (CBI) has referred the instructions to provide required finance for the Small and Medium-Sized Enterprises (SMEs) in the current Iranian calendar year (started on March 20) to the country’s banking system, IRIB reported.
Cross-border trade running despite coronavirus pandemic

TEHRAN- The spokesman of the Islamic Republic of Iran Customs Administration (IRICA) said that Iran’s trade is running through the borders with the neighboring countries except for two neighbors.
NIOC awards development of Yaran oil field to a domestic company

TEHRAN – Iranian Persia Oil and Gas Industry Development Company signed a contract with National Iranian Oil Company (NIOC) on Saturday for carrying out the development project of Yaran Oil Field, Shana reported.
Petchem sector accounts for 40% of revenues injected to NIMA

TEHRAN- The secretary of Iran’s Association of Petrochemical Industry Corporations (APIC) announced that petrochemical companies account for 40 percent of the total export revenues injected to the country’s Forex Management Integrated System, locally known as NIMA.
Chabahar to become Iran’s 3rd trade hub soon

TEHRAN- Given its strategic location as well as infrastructure and capacities, Chabahar Port (in Iran’s southeastern Sistan-Baluchestan Province) will become the country’s third trade hub soon, the acting minister of industry, mining, and trade stated.
Quarterly aluminum ingot output up 63% yr/yr

TEHRAN- Production of the aluminum ingot in Iran rose 63 percent during the first quarter of the current Iranian calendar year (March 20-June 20) compared to the same period of time in the past year.
Monthly tax income stands at over $2.8b

TEHRAN- Omid-Ali Parsa, the head of Iran’s National Tax Administration (INTA), announced that the country’s monthly tax income has reached over 120 trillion rials (about $2.857 billion).