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2023-12-29 16:29
‘FTA with EAEU provides Iran access to EAEU’s $70b agricultural market’
TEHRAN – The head of the Iran Chamber of Cooperatives (ICC) Agriculture Committee has said the signing of the Free Trade Agreement (FTA) with the Eurasian Economic Union (EAEU) has facilitated Iran’s access to the $70-billion agricultural and food products market of the EAEU nations.
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2023-12-29 16:25
Iranian, Iraqi oil ministries sign educational co-op MOU
TEHRAN - The Oil Ministries of Iran and Iraq have signed a memorandum of understanding (MOU) to cooperate in the educational fields, the portal of Iranian Oil Ministry Shana reported.
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2023-12-29 16:18
Tehran, Dushanbe ink 2 cooperation MOUs
TEHRAN – Iran and Tajikistan signed two memorandums of understanding (MOUs) for cooperation in various fields at the end of the two countries’ 16th Joint Economic Committee meeting in Dushanbe on Thursday, IRIB reported.
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2023-12-27 12:36
Nearly 900 idle industrial units revived in Iran since late March
TEHRAN – Head of Iran Small Industries and Industrial Parks Organization (ISIPO) Farshad Moghimi said that 897 idle industrial units have been revived in the country’s industrial parks and zones since the beginning of the current Iranian calendar year (March 21).
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2023-12-27 11:59
Russia allocates 6.5b-ruble credit line to Iran to expand banking ties
TEHRAN- Russia allocated a credit line worth 6.5 billion rubles to Iran during the visit of Central Bank of Iran (CBI) Governor Mohammad-Reza Farzin to Moscow, the CBI portal published.
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2023-12-27 10:33
Iran exports non-oil commodities worth $36.43b in 9 months
TEHRAN- Iran exported 101.904 million tons of non-oil goods valued at $36.43 billion during the first nine months of the current Iranian calendar year (March 21-Decemebr 21), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
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2023-12-26 14:39
NPC calls for diversification of funding mechanisms in petchem industry
TEHRAN – The head of Iran’s National Petrochemical Company (NPC) has stressed the need for using new specialized financing solutions in the petrochemical industry, Shana reported.
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2023-12-26 14:30
Major projects worth $80m launched in Chabahar Port
TEHRAN – Iranian Transport and Urban Development Minister Mehrdad Bazrpash officially launched five major infrastructure projects with a total investment of 40 trillion rials (about $80 million) in the southeastern Chabahar Port.
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2023-12-26 14:24
Iran ready to export oil products, techno-engineering services to Nicaragua
TEHRAN – Iranian Oil Minister Javad Oji has expressed Iran’s readiness for exporting oil products and technical and engineering services to Nicaragua, Shana reported.
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2023-12-25 16:42
Iran, EAEU sign free trade agreement
TEHRAN – Iran and the member states of Eurasian Economic Union (EAEU), Belarus, Kazakhstan, Kyrgyzstan, Russia, and Armenia, signed a free trade agreement (FTA) in a ceremony in St. Petersburg on Monday, IRNA reported.
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2023-12-25 14:21
Thermal power plants 9-month output exceeds 280m MWh
TEHRAN - Iran’s thermal power plants generated over 280 million megawatt-hours (MWh) of electricity in the first nine months of the current Iranian calendar year (March 21-December 21), an official with the Thermal Power Plants Holding (TPPH) announced.
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2023-12-25 14:15
Raisi launches project for building solar power plants with 4,000MW capacity
TEHRAN – Iranian President Ebrahim Raisi on Monday ordered the beginning of a project for the construction of solar power plants with the capacity of 4,000 megawatts (MW) across the country.
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2023-12-24 13:53
Domestic firms ink deals worth $180m to invest in Imam Khomeini Port
TEHRAN – Iranian private companies have signed investment deals and memorandums valued at 90 trillion rials (about $180 million) to implement development projects at Imam Khomeini Port Special Economic Zone, the head of Ports and Maritime Department of southwestern Khuzestan province, where the port is located, said.
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2023-12-24 13:45
South Azadegan field production capacity increased
TEHRAN - Iran has added 60 new wells to boost production capacity in the South Azadegan oil field, which the country shares with its neighbor Iraq, the head of the National Iranian Oil Company (NIOC) announced.
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2023-12-24 06:55
Iran’s export of foodstuffs, agricultural products to Africa up 18%
TEHRAN- The value of Iran’s export of foodstuffs and agricultural products to Africa rose 18 percent during the first eight months of the current Iranian calendar year (March 21-November 21), the director-general of the Market Study and Development Department of Rural Cooperative Organization announced.
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2023-12-23 13:13
Tehran, Dakar ink 6 co-op MOUs, documents
TEHRAN – Iran and Senegal have signed six memorandums of understanding (MOUs) and agreements at the end of the two countries’ fifth Joint Economic Committee meeting which was wrapped up in Senegal’s capital Dakar on Friday.
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2023-12-23 12:28
Iranian economy continues to expand despite sanctions: WB
TEHRAN – The World Bank in a recent report on Iran’s economy dubbed “Iran Economic Monitor” said the Islamic Republic’s economy has been expanding despite the sanctions and global economic conditions.
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2023-12-23 12:26
Iran’s crude steel output rises 7.6% in November: WSA
TEHRAN – Iran’s steel production reached at 3.0 million tons in November, registering a 7.6 percent increase compared to the previous month, according to the latest report released by the World Steel Association (WSA).
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2023-12-22 15:02
President Raisi inaugurates projects in Golestan Province
TEHRAN – Iranian President Ebrahim Raisi and a group of his ministers visited Golestan province on Thursday to inaugurate some mega projects in the northeastern province, IRNA reported.
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2023-12-22 14:57
Iran to become major trade partner for EAEU
TEHRAN - Iran will become one of the most important trade partners of the Eurasian Economic Union (EAEU) with the signing of a Free Trade Agreement (FTA) between the two sides, said the union’s minister in charge of trade.
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2023-12-22 14:35
PMO inks 31 investment deals, MOUs worth $1b with private firms
TEHRAN – During a national conference on maritime-oriented development which was held on the occasion of National Ports and Maritime Day, 31 major contracts and memorandums of understanding (MOUs) worth 500 trillion rials (about $1.0 billion) were signed with domestic and foreign private sector companies for investment in the country's ports.
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2023-12-22 13:34
Iran exports non-oil goods worth $1.3b to Pakistan in 8 months
TEHRAN - Iran has exported non-oil commodities valued at $1.3 billion to Pakistan during the first eight months of the current Iranian calendar year (March 21-November 21), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
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2023-12-20 13:56
ICCIMA calls on govt. to exempt small mines from export duties
TEHRAN – During a meeting of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA)’s Mining and Mineral Industries Committee, the members called on the government to exempt small mines from paying export duties, the ICCIMA portal reported on Wednesday.
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2023-12-20 13:27
MPs approve general outlines of national budget bill
TEHRAN - The Iranian parliament approved the general outlines of the national budget bill for the next Iranian calendar year 1403, which starts on March 20, 2024, IRNA reported.
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2023-12-20 13:27
Iran’s annual rail transit expected to set new record: RAI head
TEHRAN - Iran’s rail transit is going to set a new record in the current Iranian calendar year (ends on March 20, 2024), according to the head of the Islamic Republic of Iran Railways (RAI).
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2023-12-19 15:15
Steel export rises 15.5% in 8 months on year
TEHRAN- Iran’s steel export increased by 15.5 percent during the first eight months of the current Iranian calendar year (March 21-November 21), compared to the same period in the past year, the Iranian Steel Producers Association (ISPA) announced.
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2023-12-19 14:53
Iran seeks to build petrochemical complexes abroad: NPC head
TEHRAN – Head of Iran’s National Petrochemical Company (NPC) Morteza Shahmirzaei has said the company has put it on the agenda to build extraterritorial petrochemical complexes, especially in neighboring countries.
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2023-12-19 14:50
Petrotech 2023 conference underway in Tehran
TEHRAN - The second edition of the conference and exhibition of technology management of knowledge-based products in Iran's oil industry (Petrotech 2023) was opened in Tehran on Tuesday, Shana reported.
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2023-12-18 13:06
Tehran hosting intl. transportation exhibition
TEHRAN - The seventh International Exhibition of Transportation, Logistics, and Related Industries was opened at Imam Khomeini Grand Prayer Campus (Mosalla) on Monday, IRNA reported.
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2023-12-18 11:38
Iran’s low-yielding oilfields to be restored by late Mar. 2024
TEHRAN - Head of Oil and Gas Innovation and Technology Park Mohammad Esmaeil Kefayati has said the first barrel of oil from the country’s low-yielding oil fields that are being restored by knowledge-based companies is expected to be extracted by the end of the current Iranian calendar year (late March 2024), Shana reported.