Power, gas infrastructure making its mark in East Azarbaijan regions
Financial Tribune – Thirty-five projects, worth of $1 billion were launched in East Azarbaijan Province Thursday. Power production capacity has reached 81,700…
Economy
Domestic producers of import-banned commodities honored
Tehran Times – During a ceremony organized by Iran’s Chamber of Cooperatives, a number of domestic units producing the goods, that their…
Iran parliament moves to rein in venal banking sector
Financial Tribune – The Majlis Economic Commission is preparing a bill In line with efforts to promote long-awaited transparency in the key…
‘Major projects planned to prevent flare gas waste’
Tehran Times – Iranian Energy Ministry has major plans to make use of flare gas burnt or vented in oil and gas…
9 neighbor countries to import Iran gasoline: official
MNA – Nine neighboring countries have shown interest to import Iran’s high-quality gasoline, according to Chairman of Energy Commission of Tehran Chamber…
Iran defense ministry to manufacture 470 auto parts: MP
Tasnim – The chairman of the Iranian Parliament’s Industries and Mines Commission said the Defense Ministry has signed a contract with domestic…
Iran’s 1st gasoline cargo exported from PGSR
MNA – Chief Executive of Persian Gulf Star Refinery (PGSR) Mohammad Ali Dadvar on Sat. said that the first gasoline produced in…
Channeling liquidity into stock market to pick up production
MNA – The statistics show that stock market in Iran is moving toward more and more development and creating better conditions for…
Iran seeks wider access to Iraq’s construction market
Press TV – A business leader says Iran is seeking a bigger share in the booming construction market in neighboring Iraq as…
Iran’s steel output rises to 11m tons
Financial Tribune – Iranian steelmakers produced 11 million tons of steel products during the first quarter of the current Iranian year (March…
Transport Development Fund set up in Iran
Tehran Times – Establishment of the Transport Development Fund of Iran as a state-run company was officially started by Iranian First Vice…
Daily gasoline output exceeds consumption by 15m liters: Zanganeh
Tehran Times – Iranian Oil Minister Bijan Namdar Zanganeh said on Tuesday that the country’s daily gasoline production is 15 million liters…
Power plant in west Tehran raises output
Financial Tribune – A new gas unit in Tarasht Thermal Power Plant west of Tehran came on line Monday, managing director of…
62% rise in cost of Tehran construction materials
Financial Tribune – The general price index of construction materials for residential units in Tehran rose 62.2% in the first quarter of…
US must end blocking medical, pharmaceutical coop. between countries
MNA – Iranian Ambassador to Paris Bahram Ghasemi called on US administration end blockade of medical and pharmaceutical cooperation between countries. He…
Iran to export petrol from Persian Gulf refinery
IRNA – Persian Gulf refinery in southern Iran has joined petrol export market selling its product in energy bourse, according to the…
Iran, Iraq to set up joint investment fund
Financial Tribune – Securities and Exchange Organization of Iran and the Iraqi Securities Commission signed a memorandum of understanding to create a…
20 power plants constructed since 12th govt.
MNA – A number of 20 new power plants, with the production capacity of 3146 megawatts, have been constructed since the 12th…
Iran achieves self-sufficiency in overhauling gas turbines
Tehran Times – Managing Director of National Iranian Gas Transmission Company (NIGTC) said the country has become self-sufficient in overhauling the national…
1,100km pipeline to link Jask port to oil terminal in Bushehr
Financial Tribune – Construction of a 1,100km 42-inch diameter pipeline to transfer crude oil to the southeastern port of Jask in Hormozgan…
10,000 tons of gasoline to be offered at IRENEX for 1st time
Tehran Times – National Iranian Oil Products Distribution Company (NIOPDC) will offer 10,000 tons of gasoline produced in Iran’s Persian Gulf Star…
Iranian startups, entrepreneurs helping restore business in flood-hit provinces
Financial Tribune – Iranian startups, with help from tech enthusiasts and entrepreneurs, have launched a campaign to help restore businesses in provinces…
Iranian companies invited to take part in Syria’s reconstruction
Tasnim – Syrian Ambassador to Iran Adnan Hassan Mahmoud invited Iranian companies to attend an upcoming international fair in Syria and learn…
Trump warned EU, Chinese firms may face US sanctions over Iran if nuclear waiver not issued – Report
Sputnik – In May, the US extended key sanctions waivers on Tehran’s civilian nuclear programme for 90 days, a year after Washington…
Govt. agrees to slice four zeros off national currency
MNA – The Iranian government has approved a plan to take four zeros off the national currency in a bid to curb…
Iranian private companies expanding footprint in power production
Financial Tribune – Private companies account for 67% of Iran’s total thermal power output. Iranian firms in the private sector produce at…
Health tourists visiting Iran hit record high in four months
Financial Tribune – A record high of 600,000 health tourists visited Iran during the first four months of the current Iranian year…
Iran-US trade coming to complete halt amid tensions
Financial Tribune – While the US pressures on Iran’s economy has escalated now more than ever by imposing harsh sanctions against the…
Tehran City’s real estate deals down 64.6% in a month on year
Tehran Times – The number of real estate deals in Tehran City fell 64.6 percent in the fourth Iranian calendar month of…
Iran wins first step of legal case against Turkmenistan in gas dispute
MNA – According to an informed source in the Iranian Oil Ministry, Iran has won the first phase of a legal case…
NIDC digs 41 oil, gas wells in 4 months
Tehran Times – National Iranian Drilling Company (NIDC) dug and completed digging operation of 41 oil and gas wells during the first…
India and China cannot rely on US oil as Iran troubles heat up
Nikkei | Vandana Hari: The threat to the Asia’s vital oil supplies from the Middle East has escalated sharply since four oil…
Lawmakers reject bill on bilateral monetary pacts
MNA – Iranian lawmakers have rejected a bill proposed by the government to conclude monetary pacts with other countries to break the…
Foreigners can get 5-year residence permit in Iran for $250,000 investment: Minister
Tasnim – Iranian Interior Minister Abdolreza Rahmani Fazli said foreign nationals who invest 250,000 US dollars in the country will be granted…
Iran enjoys high capacity to export electricity to Iraq
MNA – Managing Director of Gharb (West) Regional Electricity Company Ali Asadi said on Monday that Islamic Republic of Iran has high…
24 percent rise in Iran’s trade with India in 2018
Financial Tribune – Trade between Iran and India stood at about $17 billion in 2018, witnessing an increase of 24% compared to…
New timeline for Tehran-North freeway completion
Financial Tribune – The construction of Section-1 of Tehran-North Freeway has made 95.5% progress and the project is expected to come on…
Iran: Time to go after rogue taxpayers
Financial Tribune – A t a time when the country is grappling with new US sanctions and extraordinary economic challenges, reports speak…
Iranian government authorises cryptocurrency mining amid US sanctions
Sputnik – The Iranian cabinet has allowed tech firms to start mining cryptocurrencies but warned about potential risks, the presidential office said…
Iran ready to export gas to China via IP gas pipeline: Jahangiri
MNA – Iranian first Vice-President Es’hagh Jahangiri said that the country is ready to export gas to China through Iran-Pakistan gas pipeline.…