Economy

'Using private sector capacities, only way for progress of country'

Leader visits “Pioneers of Progress” exhibition

TEHRAN– Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei visited the “Pioneers of Progress" exhibition, showcasing the latest achievements and capabilities of the private sector, held on Tuesday, January 21, 2025, at the Imam Khomeini Hosseiniyeh.
Iran’s exports to EU members rise 5% in 11 months

TEHRAN – While trade between Iran and the European Union fell by three percent during the first 11 months of 2024 compared to the same period last year, Iran’s exports to Europe grew by five percent over the same timeframe, according to Eurostat data.
Iran, China aim to bolster maritime economy, agricultural co-op

TEHRAN – Iran’s Agriculture Minister Gholamreza Nouri Ghezeljeh emphasized the potential for Iran and China to activate a maritime-based economy and foster collaboration in agriculture and food security, creating a vast market for domestic and international customers.

'Using private sector capacities, only way for progress of country'

Leader visits “Pioneers of Progress” exhibition

TEHRAN– Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei visited the “Pioneers of Progress" exhibition, showcasing the latest achievements and capabilities of the private sector, held on Tuesday, January 21, 2025, at the Imam Khomeini Hosseiniyeh.
Tehran to host 20th intl. water industry exhibition

TEHRAN – The spokesperson for Iran’s water industry announced that the 20th International Water Industry and Wastewater Facilities Exhibition, featuring 150 domestic companies and five international participants, aims to promote smart technologies, showcase water innovation achievements, and foster domestic and international collaboration toward environmental sustainability.
Drilling of 10 wells at South Azadegan oil field nears 90% completion

TEHRAN – The cumulative progress in the drilling of 10 wells at the shared South Azadegan oil field has surpassed 90 percent, according to Mohammad Khavarinejad, the project manager for drilling operations at the West Karun oil fields under the National Iranian Drilling Company (NIDC).
Iran’s exports to EU members rise 5% in 11 months

TEHRAN – While trade between Iran and the European Union fell by three percent during the first 11 months of 2024 compared to the same period last year, Iran’s exports to Europe grew by five percent over the same timeframe, according to Eurostat data.
Non-oil export from Markazi province up 39% in 9 months on year

TEHRAN- The value of non-oil export from Markazi province, in the center of Iran, rose 39 percent in the first nine months of the current Iranian calendar year (March 20 - December 21, 2024), as compared to the same period of time in the past year, the director-general of the province’s customs department announced.
Iran, China aim to bolster maritime economy, agricultural co-op

TEHRAN – Iran’s Agriculture Minister Gholamreza Nouri Ghezeljeh emphasized the potential for Iran and China to activate a maritime-based economy and foster collaboration in agriculture and food security, creating a vast market for domestic and international customers.
Non-oil export from Golestan province increases 47% in 9 months yr/yr

TEHRAN- The value of non-oil export from Golestan province, in the northeast of Iran, rose 47 percent in the first nine months of the current Iranian calendar year (March 20 - December 21, 2024), as compared to the same period of time in the past year, a provincial official announced.
Thermal power plants' output reaches 300m MWh

TEHRAN - A senior official announced that this year, thermal power plants' electricity generation grew by 1.9 percent compared to the previous year, reaching 300 million megawatt-hours (MWh), while fuel consumption increased by just 0.7 percent.
Gas injection into national network hits new record high

TEHRAN – Iran has set a new daily record of 876 million cubic meters (mcm/d) in gas injection into the national grid, according to Saeid Tavakoli, Deputy Oil Minister and the head of the National Iranian Gas Company (NIGC).
Gas production increases in phase 13 of South Pars field

TEHRAN – The deputy director of development projects at Pars Oil and Gas Company (POGC) announced that gas production capacity has increased by 1.7 million cubic meters per day following the completion of one gas well in Phase 13 of the South Pars field.