Iran’s oil production from shared fields with Iraq grows by 460% in seven years
Iran is producing more than 400,000 b/d of oil from West Karoon fields, shared with Iraq, which shows a 460 percent growth…
Economy
Iran extracts 400,000 bpd from Azadegan oilfield: Zangeneh
Minister of Petroleum Bijan Zangeneh announced on Thursday that Iran extracts 400,000 barrels of oil per day from southwestern joint Azadegan oilfield.…
Iran’s natural gas production tops 900 mcm per day: NIGC chief
Iran’s production of natural gas has reached 900 million cubic meters (mcm) per day, according to latest government figures, as the country…
US envoy to Iran says more sanctions coming, urges Biden to maintain leverage
The Trump administration plans to tighten sanctions on Tehran during its final months in power, the top U.S. envoy on Iran said…
Iran may tap sovereign fund to pay compensation for downed jet
Iran may decide to use its sovereign wealth fund to pay compensation for a Ukrainian airliner that was downed near Tehran early…
Iran, Qatar ink economic MoU
At the end of the 7th meeting of the Iran-Qatar Joint Economic Commission, the sides inked the commissions’ MoU. The MoU was signed…
More foreign firms eager to work with Iran: Spokesman
A growing number of foreign companies have shown enthusiasm for cooperation with Iran recently, the Iranian administration’s spokesperson said. Speaking at a…
Output up by 8% in Iran’s golden year for petrochemicals: Report
ran has seen its output of petrochemical products increased by eight percent in the first seven months of the current calendar year,…
First South-North freight transit under TIR processed through Iran
A senior Iranian customs official says a first ever cargo passing through the so-called South-North corridor under an internationally guaranteed system of freight…
Iran’s exports to EU hit a 13% growth in nine months
Iran’s export of non-oil products to the European Union registered a 13 percent hike in the nine months of the current year…
Iran launches cash handout scheme covering 30 mln for four months
The Iranian government has launched a comprehensive cash handout scheme covering 30 million people for the next four months amid a fresh…
Iran’s Mokran Coasts to become new energy hub
Governor-General of Hormozgan province said that petroleum and refinery mega projects are being done in Jask County, adding that Mokran Coasts will…
Iranian government to pay $2.25bn in direct staples subsidies amid virus surge
Iran’s Guardian Council, a watchdog supervising legislative procedures in the country, has approved a parliament motion that orders the administrative government of…
Iran prepares loan handouts for 10mln households amid renewed virus surge
The Iranian government will launch a fresh loan support program to cover 10 million families affected by its restrictions meant to curb…
11 projects inaugurated in Anzali Port of Iran
In a ceremony on Tuesday, 11 projects were either inaugurated or kicked off to boost the strategic Iranian port in the Caspian…
German investors becoming active in Iran’s manufacturing, mining sectors
New data released by the Iranian government shows German investors are becoming increasingly active in the country’s manufacturing and mining sectors as…
Iran, Iraq targeting annual trade vol. $20b
Consul General of the Islamic Republic of Iran in Iraq’s Sulaymaniyah said that Iran and Iraq are planning to reach bilateral trade…
Rouhani: Next year budget bill aims to cut direct reliance on oil revenues
President Hassan Rouhani said on Saturday that Iran’s next year budget bill aims to fully stop the country’s direct reliance on oil…
Iran-Europe trade at near $9bn in 7 months to October: IRICA
Iran’s customs office (IRICA) says trade with countries in Europe, including Turkey, reached nearly $9 billon in seven months to late October.…
Russia’s Aeroflot resumes restricted flights between Moscow and Tehran
Russia’s main airline company Aeroflot is resuming flights between Moscow and Tehran while considering special restrictions for passengers to prevent the spread…
Iran’s FTA with EAEU to boost country’s regional trade
Iran is slated to host an economic gathering of Eurasian countries this month in an effort to counter Washington’s unlawful sanctions. In…
Iran launches outdoor 5G trial as internet reaches more villages
A first outdoor network to provide fifth generation of internet technology (5G) has been successfully tested in Iran as telecoms minister vows…
New Iranian note with pale zeros symbolizes transition to new currency
The Central Bank of Iran (CBI) has launched a new version of the most frequently-used bank note in the country to signify…
‘Indian equipment for Chabahar development to arrive by Mar.’
In an interview with Mehrnews, PMO Head Mohammad Rastad informed that the 1st consignment of the Indian equipment for the development of…
Iran has exported 700,000 bpd of oil since March – Fars
Iran’s average oil exports have been 700,000 barrels per day since March, the country’s deputy head of Budget and Planning organisation said…
Iran, Qatar ministers review cooperation on electricity
Iranian Minister of Energy Reza Ardakanian and Qatari Minister of State for energy affairs reviewed ways to advance the agenda of cooperation…
Iranian energy minister in Qatar to expand bilateral agreements
Iranian Energy Minister Reza Ardakanian has travelled to Qatar to expand on a series of energy agreements signed between the two countries…
Iran’s trade with SCO member states hits $15bn in 7 months: IRICA spox
Spokesman of the Islamic Republic of Iran Customs Administration (IRICA) put country’s foreign trade value with member states of Shanghai Cooperation Organization…
Energy minister carries message from President Rouhani to Qatar
Iranian Minister of Energy Reza Ardakanian arrived in Doha on Monday carrying a message from President Hassan Rouhani for Emir of Qatar…
Iran says mobile broadband now available to 91.07% of population
Iran’s telecoms ministry says access to mobile broadband in the country has increased exponentially over the past seven years to cover 91.07%…
Dollar tumbles in Iranian market amid panic selling over US election fate
The American dollar has fallen by around a fifth against the Iranian rial as people flock to the markets to sell their…
Iran starts transferring Persian Gulf water to desert areas
President Hassan Rouhani on Thursday inaugurated the first phase of a major water desalination and piping of Persian Gulf water to central…
Iran, Afghanistan railways to link within next two weeks: Official
An Iranian transportation ministry official says a railway linking the country to neighboring Afghanistan will soon become operational. Abbas Khatibi told the…
Iran debt issuance up by 466% at over $3bn in half year to September: Report
The Iranian government has issued nearly $3 billion in new debt bonds in the half year to late September 2020, shows a…
Russia awards contract to Power Machines for work at Iranian power plant
Russia’s Power Machines has been awarded with a contract to build a major Iranian power plant on the coast of the Persian…
Dollar down 7% in Iranian market as US votes looms large
The Iranian rial has risen more than seven percent against the US dollar as investors keep betting on the result of the…
Iran, Russia clinch new agreement to build Sirik Power Plant
New agreement was clinched between the Islamic Republic of Iran and the Russian Federation for the construction operation of Sirik Power Plant…
US-sanctioned Iranian plane lands in Venezuela -lawmaker, data
An Iranian plane owned by a company sanctioned by the United States for allegedly shipping weapons to Syria landed in Venezuela on…
Iran petchem output at over 35 mln tons in 7 month to late October
Iran has reported an 8-percent increase in its petrochemical output in the seven months ending October 21 despite problems faced in the…
Iran’s oil minister says Tehran’s oil industry will not yield to US pressure
Iran’s oil minister said on Twitter on Monday that Tehran’s oil industry will not yield to pressure from the United States. Minister…