Total:70
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Yesterday 15:22
BY: Ebrahim Fallahi
Iranian capital market: a huge capacity in need of correction
TEHRAN – Two years after the re-imposition of the U.S. sanction on Iran and at a time when the Trump Administration had started its maximum pressure policies to, as they claimed, paralyze the country’s economy, the Iranian government started implementing a strategy to cut reliance on oil and promote domestic production using internal capacities.
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2021-01-17 12:00
By Ebrahim Fallahi
Giant South Pars field secures Iran’s gas supply in winter
TEHRAN – Steady production from Iran’s giant South Pars gas field, which the country shares with Qatar in the Persian Gulf, has ensured uninterrupted and sustainable supply of natural gas across the country during the cold season.
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2021-01-10 12:15
By Ebrahim Fallahi
Majlis decides to unify forex rates; is it a good thing?
TEHRAN - The budget review committee of the Iranian Parliament (Majlis) has recently voted in favor of changing the foreign currency exchange rate for the import of essential goods from 42,000 rials to 175,000 rials per dollar, suggesting that the prices of essential imports should be set in accordance with the exchange rate prevailing in the Forex Management Integrated System (locally known as NIMA).
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2021-01-05 12:16
BY: Ebrahim Fallahi
Armenia’s market a new opportunity for Iranian producers
TEHRAN – During Armenia’s 44-day conflict with Azerbaijan in the Nagorno-Karabakh region, Turkey had heavily backed Azerbaijan, further deepening the historical conflict between the two neighbors.
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2020-12-29 18:03
By Ebrahim Fallahi
Why has Iran suddenly reduced gas exports to Iraq?
TEHRAN - Sharing a long border and an ancient cultural and religious heritage, Iran and Iraq have become strong economic and political allies since the fall of Saddam Hussein in 2003 and Iran has played a significant role in meeting the Arab country’s energy needs.
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2020-12-25 12:20
By Ebrahim Fallahi
U.S. sanctions’ silver lining for Iranian home appliance industry
TEHRAN – Although the U.S. sanctions have created major problems for the Iranian economy in many areas, for one particular industry they have been certainly “a blessing in disguise”, and that is the home appliance sector. The home appliance industry has flourished with the U.S. sanctions pushing foreign competitors out of the domestic market.
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2020-12-19 13:43
By Ebrahim Fallahi
Goreh-Jask oil pipeline: a mega project that opens Indian Ocean gates to Iranian oil
TEHRAN – Given Iran’s geopolitical position - being located at the heart of the world’s oil production center, that is West Asia, and intersecting the trade corridor between east and west- and considering the sanctions, and unjust pressures imposed by some world powers against the country; for more than a decade, the Islamic Republic has been following new strategies for diversifying its export routes in the country’s southern borders to nullify such pressures and reach its full economic potentials.
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2020-12-14 13:46
By Ebrahim Fallahi
Indigenizing petchem catalysts to pave way for realizing surge in production
TEHRAN – As the Iranian economy is moving away from reliance on external sources towards self-sufficiency, many of the country’s economic sectors including oil, gas and petrochemicals are taking serious measures for meeting their technological needs from domestic sources, and the petrochemical sector has been a pioneer in this regard.
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2020-12-11 14:05
BY: Ebrahim Fallahi
Khaf-Herat railway inaugurated
TEHRAN - Iranian President Hassan Rouhani and Afghan President Ashraf Ghani on Thursday officially inaugurated the strategic Khaf-Herat railway project in a video conference.
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2020-12-06 13:49
By Ebrahim Fallahi
1400 budget bill: how realistic the draft is?
TEHRAN – Like the previous years, this year too, the government submitted the administration’s draft of the national budget bill for the next Iranian calendar year to Majlis earlier this month.
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2020-12-04 15:05
BY: Ebrahim Fallahi
Transport Ministry to get over $3.3b to accelerate development
TEHRAN - In the past two decades, Iran’s transportation infrastructure has gone through a major transformation, and every year the country is advancing more in this area.
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2020-11-27 13:50
BY: Ebrahim Fallahi
Oil, gas, petchem projects worth over $7.14b inaugurated in 3 provinces
TEHRAN - President Hassan Rouhani inaugurated three oil industry projects worth over 300 trillion rials (about $7.15 billion) in Chaharmahal-Bakhtiari, Khouzestan, and Boushehr provinces, Shana reported.
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2020/11/24
BY: Ebrahim Fallahi
National budget bill: how much oil income is forecast?
TEHRAN – Iran’s Planning and Budget Organization (PBO) has handed over the draft of the national budget bill for the next Iranian calendar year (starts on March 21, 2021) to the government for review.
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2020-11-17 15:02
By Ebrahim Fallahi
Iran, Afghanistan join hands to broaden all-out ties
TEHRAN – Having shared historical, cultural, political, and economic backgrounds, Iran and Afghanistan have been allies for many years and the strategic cooperation between the two countries has been broadened especially over the past two decades.
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2020-11-15 14:03
BY: Ebrahim Fallahi
Iran’s gasoline rationing scheme: from policy to practice
TEHRAN – These days last year, Iranians were surprised by the sudden news of the implementation of a program for rationing gasoline and also the increase in the fuel prices.
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2020-11-10 13:15
By Ebrahim Fallahi
Plan for renovation of railway fleet strongly pursued
TEHRAN - The development of the railway sector is one of the macro policies of the Iranian government as it has been emphasized by the general policies of the Sixth Five-Year National Development Plan (2016-2021).
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2020-11-07 13:38
By Ebrahim Fallahi
Persian Gulf water transfer project inaugurated
TEHRAN - In recent years, due to increasing water consumption for drinking, industrial and agricultural purposes and sometimes consecutive droughts, the central plateau of Iran has been experiencing severe water shortages, especially in big cities like Isfahan, Kerman, Yazd, and Hormozgan.
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2020-11-06 13:51
BY: Ebrahim Fallahi
Gasoline consumption falling significantly a year after rationing plan
TEHRAN – Gasoline consumption in Iran has been decreasing significantly since the implementation of a rationing plan nearly a year ago.
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2020-10-31 11:46
BY: Ebrahim Fallahi
$8b of import items on domestic production list
TEHRAN- Strengthening domestic production has become a major focus of the Iranian government in the past few years, as the country is determined to nullify the U.S. sanction on its economy through boosting production to reach more and more self-reliance.
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2020-10-27 12:44
BY: Ebrahim Fallahi
Promoting barter trade a great way of increasing exports
TEHRAN – Iran plans to implement an oil-for-good barter trade program based on which the country’s capable private and government-owned export companies will be given oil to sell to potential buyers and import basic goods in return.
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2020-10-14 12:01
BY: Ebrahim Fallahi
“Each rooftop a power plant” scheme to be implemented in Iran
TEHRAN – Managing electricity consumption has become a hot topic in Iran’s Energy Ministry planning for the past few years, because during the peak consumption periods the consumption across the country surges to such unprecedented levels that the national grid struggles to meet the demand.
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2020-10-12 12:42
By Ebrahim Fallahi
Iran on the way toward developing general aviation
TEHRAN – Having the oldest airline in West Asia and second oldest in Asia, Iran started developing its aviation industry nearly 80 years ago and this industry is still improving in the country, however, despite its long history general aviation (GA) in Iran has been almost completely neglected.
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2020-10-04 11:59
By Ebrahim Fallahi
‘Oil refineries more than enough, focus on gas, petro-refineries’
TEHRAN – Having abundant hydrocarbon resources, Iran has been strongly focusing on the development of its refining industry to reduce the reliance on the exports of crude oil.
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2020-09-30 11:53
BY: Ebrahim Fallahi
Indigenizing equipment a priority of Iranian gas industry
TEHRAN - Despite the unjust U.S. sanctions, Iran has made considerable advances in science and technology in almost all areas during the past years, and as one of the main pillars of the country’s economy, the oil and gas industry have been at the top of the mentioned advancements.
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2020-09-28 11:33
BY: Ebrahim Fallahi
Iran’s share in Turkey’s future gas market
TEHRAN – Iran, for long, has been one of the most important energy suppliers to Turkey, and the two countries already have a 25-year gas supply contract.
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2020-09-26 14:18
By Ebrahim Fallahi
Tehran, Kuala Lumpur getting closer to sign PTA
TEHRAN – After nearly four years of negotiations, Iran and Malaysia are getting closer to the signing of a long-awaited preferential trade agreement (PTA) which is expected to boost the trade between the two countries significantly.
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2020-09-25 14:31
BY: Ebrahim Fallahi
Share of mining sector in Iran’s non-oil trade getting bigger
TEHRAN – In line with Iran’s major plans for distancing the country’s economy from oil and moving toward a resilient, oil-free economy, the mining sector has become one of the major areas of focus in recent years, since the country is one of the world’s top 10 mineral-rich countries where 68 types of minerals have been identified so far, including the world’s largest deposits of copper, zinc, and iron.
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2020/09/22
By Ebrahim Fallahi
Iran’s resilient economy priority projects yielding fruit in sanctions era
TEHRAN – It has been years since Iran decided to pursue a “resilient economy” that is less dependent on oil, and more focused on developing other aspects like refining, petrochemicals and industry.
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2020-09-20 16:26
By Ebrahim Fallahi
Govt., private sector collaborating to resolve commercial ID card issues
TEHRAN – Boosting domestic production and improving foreign trade has become one of the major mottos that the Iranian government is promoting in recent years, an objective that came under the spotlight after The White House made it a goal to limit the Islamic Republic’s economic interactions with the world.
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2020-09-15 14:23
BY: Ebrahim Fallahi
Gas industry mobilized for sustained supply in winter
TEHRAN – National Iranian Gas Company (NIGC) and all its subsidiaries have been working in the past few months to ensure the sustained supply of gas during the cold season.
