Oil Price - Iran expects around US$50 billion worth of oil contracts to launch their operational phases next year, according to Fardad Daliri, director of investment at the Industrial Development and Renovation Organization (IDRO) of Iran. The Islamic Republic is inviting local and foreign companies to take part in oilfield development projects ...

Financial Tribune - Automakers are aiming at a production rate of 3 million units over the next eight years, says the investment director of the Industrial Development and Renovation Organization of Iran (IDRO). The Ministry of Industries, Mining and Trade aims to increase Irans annual auto production to 3 million units by 2025," Fardad Daliri said ...

Azer News- Industrial Development& RenovationOrganizationofIran, known as IDRO Group, plans to build 2,000 railway wagons jointly with the German company, whose name has not been disclosed. The share of Irans investment in construction of wagons will amount to 55 percent and these wagons will be used in nine major cities of the country, said ...