Economy - Iranian Roads and Urban Development Minister Abbas Akhoundi reiterated Tehran's willingness to expand its railway connections with neighbors, and said Iran is ready to complete Qazvin-Rasht-Anzali-Astara railway through cooperation with Russia and Azerbaijan.
Economy - Operations for shale oil exploration in the West of Iran have progressed more than 70 percent, the exploration deputy manager of the National Iranian Oil Company’s Exploration Directorate said.
Economy - During last 5 month, more than 8 million tons of commodities were traded with the total value of 199,000 billion IRR (7 billion and 484 million USD) which shows a 136 percent increase comparing to the same period of last year.
Pakistani Finance Minister Eshaq Dar said that the proposed plan for import of additional 1,000MW from Iran fit well with the government’s comprehensive energy plan currently under preparation to address power shortages
Economy - An Iranian energy official underlined that construction of more storage facilities has always stood atop the oil ministry's agenda, and said Iran's oil products storage capacity will reach 13 billion liters (bl) after the completion of some relevant projects in a bid to maintain balance in supply and demand.