Total:58
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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.
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2020-09-06 12:08
Expansion of West Asia’s biggest gas network ongoing
TEHRAN – Operating the largest natural gas network in West Asia, National Iranian Gas Company (NIGC) continues to expand this network into the country’s most remote areas so that currently over 95 percent of the country’s population enjoys natural gas through this huge network.
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2020-09-05 12:02
BY: Ebrahim Fallahi
Oil, petchem downstream industries should target domestic market
TEHRAN – As one the world’s top hydrocarbon-rich countries, Iran has managed to develop its oil, gas, and petrochemical industries to a significantly high level so that despite all the pressures and limitations created by the external factors like sanctions, the country now stands among West Asia’s top producers.
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2020-08-23 14:44
By Ebrahim Fallahi
Incentive packages help energy ministry pass summer without blackouts
TEHRAN – Managing electricity consumption by various sectors including households, agriculture, and industry, and reducing the consumption of fossil fuels used by the power plants has become one of the major issues of the governments in many developing countries and Iran is no exception.
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2020-08-18 12:41
Iran’s gas industry moving toward development
TEHRAN - Iran is one of the most hydrocarbon-rich countries in the world. According to the Iranian Oil Ministry data, nearly 300 oil and gas fields have been explored in the country of which over 40 are gas fields.
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2020-08-10 15:35
By Ebrahim Fallahi
Launching forex bourse best way out for Iran’s currency dilemma
TEHRAN– Iranian economic experts believe that launching a bourse for trading foreign currencies is going to be the best way for the country to overcome the current challenges of the forex market including the high rates.
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2020-08-01 14:33
By Ebrahim Fallahi
Downstream petchem sector, a pivot point for Iran’s economy
TEHRAN – They say when life gives you lemon make lemonade, and that is what exactly Iran has been doing with the U.S. sanctions. The significant development of Iran’s petrochemical industry following the re-imposition of the U.S. sanctions has become an exact definition of a “silver lining” that could be sought in every bad situation.
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2020-07-07 12:56
By Ebrahim Fallahi
Capital market, a chance for mining sector to bloom
TEHRAN – Being among the world’s top mineral-rich countries, Iran has set a new target for further development of its mining sector as the country’s economy is moving away from oil toward becoming oil-independent.
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2020-06-26 13:51
BY: Ebrahim Fallahi
‘Without govt. support private power plants at risk of shutting down’
TEHRAN – In recent years, due to the government funding constraints and financial pressures, Iranian private companies have taken on the mantle of developing the country’s power plants including both large-scale thermal plants and small-scale renewable ones.
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2020-06-14 14:59
BY: Ebrahim Fallahi
U.S. targets Iran-Venezuela trade, tanker market suffers a blow
TEHRAN - The Trump administration is considering new sanctions on reportedly 50 oil tankers for working with Venezuela, in order to prevent the trade between Iran and the Latin American country.
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2020-06-07 14:17
By: Ebrahim Fallahi
What does extension of OPEC+ cuts mean for Iran?
TEHRAN – The Organization of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed on Saturday to extend their previous cuts deal for a one-month in a bid to support the oil prices which are slowly getting back on track.
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2020-05-19 14:30
BY: Ebrahim Fallahi
Iran, Venezuela challenging U.S. dominance, who is violating intl. law?
TEHRAN – It has been few weeks since the rumors began spreading that Iran intended to ship several fuel consignments to Caracas to help alleviate Venezuela’s severe fuel problems.
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2020-05-15 14:24
BY: Ebrahim Fallahi
Iran’s turbulent auto market: will prices calm down?
TEHRAN – Over the past few weeks, car prices in Iran have been skyrocketing despite claims of the market being stagnant.
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2020-05-04 16:39
Privatization should spur productivity, not just collect capital: expert
TEHRAN - Earlier on Sunday, Government spokesperson Ali Rabiei announced that the shares of four refineries, namely Isfahan, Tabriz, Bandar-Abbas, and Tehran, were due to be offered at Tehran Stock Exchange (TSE) on June 21.
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2020-04-26 14:34
BY: Ebrahim Fallahi
Senior businesswoman dismisses U.S. claim that Iran doesn’t need IMF loan
TEHRAN – It has been nearly two months since Iran requested the International Monetary Fund (IMF) for financial support through the fund’s Rapid Financing Initiative (RFI), but so far neither help nor a clear answer has been received.
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2020-04-21 16:00
BY Ebrahim Fallahi
Missing out on LNG market Iran needs to take action
TEHRAN – Last week, Qatar Petroleum announced the start of drilling operations for the development of its North Field (known in Iran as South Pars) gas field, in which the company plans to drill 80 new wells to increase the country’s liquefied natural gas (LNG) production capacity by 43 percent to reach 110 million tons per annum (Mtpa).
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2020-04-14 16:46
By Ebrahim Fallahi
‘Govt. should establish health protocol with neighbors to spur exports’
TEHRAN – Over three months into the pandemic, the world continues to wrestle with the notorious COVID-19 and many economies have been hit hard as the virus is choking off world’s trade relations just like the people on hospital beds.
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2020-04-11 15:56
BY: Ebrahim Fallahi
Economists elaborate on best ways to tackle aftershocks of coronavirus outbreak
TEHRAN - As the new coronavirus (known as COVID-19) continues to spread across the world, red flags have risen in various sectors and governments are doing all they can to contain the virus from further spreading.
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2020-04-10 13:36
By: Ebrahim Fallahi
Russia, Saudi end oil feud but is it enough?
TEHRAN – The Organization of Petroleum Exporting Countries (OPEC) and their non-OPEC allies, on Thursday, reached a tentative agreement to cut the global oil output by at least 10 million barrels for May and June to balance the oil market which literary doesn’t have any more capacity to store the supplied oil.
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2020-03-29 21:30
By: Ebrahim Fallahi
Indigenizing petchem catalysts: a big step toward total independence
TEHRAN – As the second-biggest source of revenue for Iran, the petrochemical industry is one of the most important pillars of the country’s resilient economy and one of the main suppliers of foreign currency especially the euro for the country.
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2020-03-25 15:39
By Ebrahim Fallahi
South Pars gas field: Crown jewel of Iran’s gas industry
TEHRAN – As the crown jewel of Iran’s energy industry, the giant South Pars gas field (which Iran shares with Qatar in the Persian Gulf) has nearly reached its full potential and Iran’s gas production from the field is said to have surpassed that of the rival Qatar.
