Offering of shares through 2nd ETF to start on August 26

TEHRAN- Iranian finance and economic affairs minister announced that offering of shares through the country’s second exchange-traded fund (ETF) will be started on the first Wednesday of the next Iranian calendar month (August 26).

Knowledge-based firms play prominent role in indigenizing oil industry’s equipment

TEHRAN- Strengthening domestic production and indigenizing the knowledge and technology for production of the products and equipment that Iran imports from other countries has become one of the major programs that the country is pursuing in recent years.

‘Oil Ministry utilizing high scientific capacities of universities’

TEHRAN- Iran’s deputy oil minister for engineering, research and technology affairs said Oil Ministry is utilizing the high scientific capacities of the country for implementation of its projects, Shana reported.

Oil ministry to hold innovation event in mid-Dec.

TEHRAN – Iranian Oil Ministry plans to hold the country’s first innovation event in the oil industry, in mid-December, Shana reported.

BY: Ebrahim Fallahi

A review on govt. plan to barter oil for dues to private sector

TEHRAN – The regulatory body of the government has been recently preparing the draft for a bartering system which is set to settle the government dues to the private power plant owners and electricity contractors.

‘Oil Ministry’s blockage of water to Hour al-Azim a big lie’

TEHRAN — Preventing flood water from entering Hour al-Azim wetland by the Oil Ministry is a “big lie”, Oil Minister Bijan Zanganeh has said, IRNA news agency reported on Friday.

NIORDC to inaugurate 20 development projects worth €1.6 b in 10 days

TEHRAN- National Iranian Oil Refining and Distribution Company (NIORDC) will inaugurate 20 development projects worth €1.6 billion (35 trillion rials, which equals €744.6 million, plus €861 million) during the Ten-Day Dawn (February 1-10, marking the victory anniversary of the Islamic Revolution), IRNA reported on Friday.

Municipalities, Oil Ministry join hands to improve public transport

TEHRAN — Mayors of 9 Iranian metropolises and Iran Fuel Conservation Company, affiliated to Ministry of Oil signed a memorandum of understanding on Tuesday to jointly improve public transport in the megacities.