Economy

Iran inks 2-year agreement for exporting electricity to Iraq

TEHRAN – Iran has signed an agreement with Iraq for exporting electricity to the country for two years, Iranian Energy Minister Reza Ardakanian, who visited the Arab neighbor on Wednesday, said.
Rouhani inaugurates major water, electricity projects in 2 provinces

TEHRAN - Iranian President Hassan Rouhani, on Thursday, inaugurated eight electricity and water projects in the southern province Bushehr and northwestern West Azarbaijan province via video conference.
Annual minerals export of $10.5b projected

TEHRAN- Iranian acting minister of industry, mining and trade announced that reaching the minerals export of $10.5 billion is planned for the current Iranian calendar year (ends on March 20, 2021).

GSI carries out exploration operations on 150,000 sq.km in a year

TEHRAN – Deputy head of Geological Survey and Mineral Explorations of Iran (GSI) says the organization has carried out exploration operations on 150,000 square kilometers of land in the previous Iranian calendar year 1398 (ended on March 19).
Iran inks 2-year agreement for exporting electricity to Iraq

TEHRAN – Iran has signed an agreement with Iraq for exporting electricity to the country for two years, Iranian Energy Minister Reza Ardakanian, who visited the Arab neighbor on Wednesday, said.
Iran, Serbia discuss expansion of transport ties

TEHRAN - Iranian Ambassador to Belgrade Rashid Hassanpour met with Serbian Minister of Construction, Transport and Infrastructure Zorana Z. Mihajlovic on Thursday and discussed expansion of cooperation in air and road transportation.
Rouhani inaugurates major water, electricity projects in 2 provinces

TEHRAN - Iranian President Hassan Rouhani, on Thursday, inaugurated eight electricity and water projects in the southern province Bushehr and northwestern West Azarbaijan province via video conference.
821MW to be added to Iran’s renewable power capacity

TEHRAN – Some 821 megawatts (MW) are going to be added to Iran’s renewable power generation capacity which currently stands at 821 MW, IRNA reported.
Annual minerals export of $10.5b projected

TEHRAN- Iranian acting minister of industry, mining and trade announced that reaching the minerals export of $10.5 billion is planned for the current Iranian calendar year (ends on March 20, 2021).
Iranian cargo ship sinks off Iraqi coast

TEHRAN- An Iranian cargo ship named Behbahan sank off the Iraqi coast on Thursday night, Iran’s Ports and Maritime Organization (PMO) published on its website on Friday quoting a PMO official as saying.
Iran-Turkey main trade gate to reopen this week

TEHRAN- The main trade gate between Iran and Turkey, which has been closed for three months due to the coronavirus pandemic, will be reopened this week.
Annual petchem output to rise 35% by Mar. 2021

TEHRAN- Iran’s annual petrochemical production will increase 35 percent in the current Iranian calendar year (ends on March 20, 2021), according to the managing director of National Petrochemical Company (NPC).
Iran-EAEU trade exceeds $2b in 7 months

TEHRAN- The value of trade between Iran and the members of the Eurasian Economic Union (EAEU) reached $2.112 billion since the implementation of the preferential trade agreement on October 27, 2019, the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced.