TEHRAN – Managing Director of Kaveh Pars Mining Industries Development Company, which belongs to Iran’s Mostazafan Foundation, announced that one of the company subsidiaries has indigenized the knowledge for producing a special type of cement used for shotcrete in oil and gas field wells. “The cement used in oil wells drilling operations is one of […]

TEHRAN- TEDPIX, the main index of Tehran Stock Exchange (TSE), climbed 30,131 points to 1.139 million on Saturday (the first day of Iranian calendar week). Over 6.952 billion securities worth 52.072 trillion rials (about $1.239 billion) were traded at the TSE on Saturday. The first market’s index gained 26,881 points, and the second market’s index […]

TEHRAN- As announced by a provincial official, exports from Kohgiluyeh-Boyerahmad province, in the southwest of Iran, rose 90 percent in the first two months of the current Iranian calendar year (March 21-May 21), as compared to the same period of time in the past year. Behnam Ahmadi, the director-general of the province’s customs department, announced […]

TEHRAN – A massive agritourism site will open its doors to the public in Ardebil province, the provincial tourism chief has said. The site, which is reportedly the largest in West Asia, is scheduled to be inaugurated by the Cultural Heritage, Tourism, and Handicrafts Minister Ali-Asghar Mounesan in his future visit to the northwestern province, […]

TEHRAN – Iran and Austria are working on 17 joint environmental projects worth €400,000, seven of which have so far been completed, ISNA reported on Wednesday. Out of 17 joint projects between Iran and Austria, seven projects are almost completed and nine other projects were delayed due to the conditions caused by the coronavirus pandemic, […]

TEHRAN – Iran and Armenia are exploring ways for expanding transport and trade cooperation as the Islamic Republic is looking for using Armenia as part of its South-North transit corridor. The two countries, which eye boosting mutual trade up to $1 billion annually, have exchanged several trade delegations over the past few months to discuss […]

TEHRAN- In a recent article, Ali Chagharvand, the planning director of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA), expounded upon the economic condition that Iran’s next government will face. What comes as follows is a summary of his comments. The new government is scheduled to take office in the middle of the current […]

TEHRAN – Iranian Petropars Group, which is in charge of developing the South Azadegan oil field, has inked a deal with a local contractor called Dana Energy Company for adding 10,000 barrels per day (bpd) to the field’s output capacity. The mentioned Engineering, Procurement, Drilling (EPD) contract includes engineering services, procurement, drilling, drilling services, and […]

TEHRAN – Siavash Arjmandzadeh, the director general of ports and maritime department of southwestern Bushehr Province, has announced that the port is ready for receiving large-scale vessels with over 45,000 tons of capacity. Mentioning the dredging operations conducted in the port over the past two years, Arjmandzadeh said: “The access channel of Bushehr port has […]

TEHRAN – Iranian Deputy Transport and Urban Development Minister Kheirollah Khademi has said 440 kilometers (km) of freeways and 1,200 km of highways will be added to the country’s road network by the end of the current Iranian calendar year (March 2022). Khademi noted that the ministry prioritized the completion of nine major freeway projects […]

TEHRAN- During the past Iranian calendar week (ended on Friday), 861,793 tons of commodities worth $554 million were traded at Iran Mercantile Exchange (IME). According to a report by the IME’s International Affairs and Public Relations Department, the exchange traded on its mineral and industrial trading floor, 518,793 tons of commodities worth more than $350 […]

TEHRAN – The indigenization of the knowledge for the production of equipment and materials needed in the gas industry is saving Iran $19 million every year, an official with the National Iranian Gas Company (NIGC) announced. “Currently, more than 90 percent of adsorbents, more than 95 percent of catalysts, and over 90 percent of solvents […]