TEHRAN – Managing Director of the National Iranian Oil Company (NIOC) has said the company requires $11 billion of investment for completing the development projects defined for the oil fields at the West Karoun region. Speaking in the introductory ceremony of the new head of Petroleum Engineering and Development Company (PEDEC), Mohsen Khojasteh Mehr pointed […]

TEHRAN- During the past Iranian calendar week (ended on Friday), 1.913 million tons of commodities worth $543 million was traded at Iran Mercantile Exchange (IME), showing 18 percent rise in value and five percent growth in volume of trades as compared to its preceding week. As reported by the IME’s Public Relations and International Affairs […]

TEHRAN- The value of non-oil export from Hormozgan province in the south of Iran rose 47 percent during the first half of the current Iranian calendar year (March 21-September 22), as compared to the same period of time in the past year, a provincial official announced. Abolfazl Akbarpour, the director-general of the customs office of […]

TEHRAN- Iranian banking system has paid 12.41 quadrillion rials (over $295.49 billion) of facilities to domestic economic sectors in the first six months of the current Iranian calendar year (March 21-September 22), registering a 57.9-percent rise from the same period in the previous year, IRIB reported. According to the data provided by the Central Bank […]

TEHRAN- Iran produced 178,784 tons of copper anode in the first half of the current Iranian calendar year (March 21-September 22), IRNA reported. As reported, the figure shows no change as compared to the copper anode output in the first six months of the previous year. Although, the monthly copper anode production indicates a four-percent […]

TEHRAN- During the past Iranian calendar week (ended on Friday), 1.817 million tons of commodities worth $464 million was traded at Iran Mercantile Exchange (IME), showing 13 percent growth. As reported by the IME’s Public Relations and International Affairs Department, the exchange experienced trade of 1.323 million tons of commodities valued at more than $217 million […]

TEHRAN – Iran’s Trade Promotion Organization (TPO) has signed a memorandum of understanding with the Islamic Republic of Iran Shipping Lines (IRISL) for cooperation in launching shipping lines from the country’s northern ports on the Caspian Sea coasts to Russia and Kazakhstan. Based on the MOU, in the first phase six lines will be launched […]

TEHRAN – Head of the National Iranian Gas Company (NIGC) Dispatching Department has said the company has managed to store four billion cubic meters of natural gas in the country’s Sarajeh and Shourijeh storages to be fully prepared for sustainable gas supply during the cold season. According to Mohammadreza Jolaei, NIGC has made the necessary […]

TEHRAN – The head of Iran’s Planning and Budget Organization (PBO) has said the national budget bill for the next Iranian calendar year (starts in March 2022) has been prepared in a way that it will not face any deficits, IRIB reported. According to Masoud Mirkazemi, the circular of the bill has been finalized and […]

TEHRAN – The Islamic Republic of Iran Customs Administration (IRICA) is offering new facilities for the importers of basic goods in order to facilitate the clearance of such goods from the country’s customs, IRIB reported. According to IRICA Deputy Head Mehrdad Jamal Orounaqi, from now on, payment of import duties on basic goods will be […]

TEHRAN – Iranian Oil Minister Javad Oji has said the country is ready to resolve the global energy crisis provided that the oppressive U.S. sanctions are lifted. “The Islamic Republic has shown several times its goodwill to help stabilize the oil market and resolve the global energy crisis, but the oppressive U.S. sanctions hinder us […]

TEHRAN –Heads of Iran’s chambers of commerce and some of the country’s exporters held a meeting with the country’s Industry, Mining, and Trade Minister Seyyed Reza Fatemi Amin on Saturday to discuss major issues in the way of export development, IRIB reported. The meeting was also attended by the Head of the country’s Trade Promotion […]