TEHRAN – National Iranian South Oil Company (NISOC) is going to conduct a project for collecting the flare gases of Mansouri and Marun oil fields in southwestern Iran to offer them to the private sector buyers. According to the Head of NISOC’s HSE Department Mohammadreza Naderi, the mentioned project is aimed at protecting the environment […]

TEHRAN- During the past Iranian calendar year, the value of trades at Iran Mercantile Exchange (IME) rose four percent. According to a report by the IME’s International Affairs and Public Relations Department, 631,879 tons of commodities worth $400 million were traded at the exchange in the past week, showing also two percent rise in terms […]

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), dropped 791 point to 1.188 million on Sunday. Over 5.248 billion securities worth 34.909 trillion rials (about $831 million) were traded at the TSE on Sunday. As reported, the first market’s index dropped 217 points and the second market’s index fell 2,844 points. TEDPIX gained […]

TEHRAN – Managing Director of Iranian Organization of Targeted Subsidies has said that 320 trillion rials (about $7.61 billion) of the revenues earned from the government’s subsidy reform plan has been allocated for supporting domestic production in the current Iranian calendar year (started on March 21). Referring to the need to support production and improve […]

TEHRAN – Iranian Industry, Mining, and Trade Ministry has issued a three-month waiver for some approved steel production units to be able to export steel products especially long sections, ILAN reported. The mentioned waiver will come into effect as of May 15, the report said. The Industry Ministry had restricted the exports of steel products […]

TEHRAN – Some 2.9 trillion rials (nearly $70 million at the official rate of 42,000 rials) worth of smuggled goods have been seized across the country. The first phase of a nationwide plan to intensify the fight against smuggling goods was implemented across the country last week, Mohammad Reza Moghimi, the police chief, said on […]

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), rose 5,682 points to 1.157 million on Monday. As reported, over 9.27 billion securities worth more than 45 trillion rials (about $1.07 billion) were traded at the TSE, Iran’s major stock exchange, on Monday. The first market’s index gained 5,444 points, and the second market’s […]

TEHRAN- The managing director of Industrial Parks Company of Iran’s western Kordetsan province said that 45 idle industrial units are planned to be returned to the production cycle by the end of the current Iranian calendar year (March 20, 2022). Saying that 29 percent of the units in the industrial parks of Kordestan are inactive, […]

TEHRAN – Deputy Head of Iran Electricity Industry Syndicate said Iran is currently the region’s top country in terms of power generation with over 85 gigawatts of installed capacity, IRNA reported. Payam Baqeri said the electricity industry is a productive and strategic industry which is considered infrastructure for many other sectors and is a prerequisite […]

TEHRAN – A capital market analyst says that TEDPIX, the main index of Tehran Stock Exchange (TSE), is going to improve over the next 1.5 months in comparison to the first 1.5 months of the current Iranian calendar year (started on March 21). Rouzbeh Shariati believes reaching a possible agreement on the nuclear deal, the […]

TEHRAN – Iranian Industry, Mining, and Trade Ministry plans to complete 250 important industrial projects with over 60 percent physical progress by the end of the current Iranian calendar year (March 20, 2022). According to the Industry Ministry’s programs for the current year, pioneering projects including steel sheet production units and knowledge-based projects are the […]

EHRAN- Transit of goods through Shahid Rajaee port, Iran’s largest and best-equipped container port, increased 160 percent in the first month of the current Iranian calendar year (March 21-April 20), as compared to the same period of time in the past year, according to a provincial official. Alireza Mohammadi Karajiran, the director-general of Ports and […]