Economy - Iran's steel output reached 7.982 million tons in the first six months of 2014, showing 8.4 percent increase compared to the similar period in the last year.
Economy - Iran has considerably increased its petrochemical exports as sanctions against the Islamic Republic have been eased in the wake of progress in talks between Tehran and the Group 5+1 (the US, Russia, China, France and Britain plus Germany), a senior official announced on Wednesday.
Economy - Official data show that China imported 630,000 barrels per day (bpd) of Iranian crude oil in the first six months of 2014.
Economy - an’s National Development Fund (NDF) will be tapped for the construction of the “Siraf Refining Park” which involves eight gas condensate refineries each with 60,000-barrel capacity.
Economy - The Iranian minister of economic affairs and finance says the Islamic Republic is determined to reduce the existing high inflation rate to a one-digit level.
Economy - Iran has not exported oil at higher levels than allowed under sanctions, executive director for international affairs at the National Iranian Oil Company (NIOC) Mohsen Qamsari said on Sunday.
Economy - The total level of Iranˈs oil exports to China and India has been normal in recent months with no major decline since May, said a senior Petroleum Ministry official.
Economy - Iranian parliamentarians gave another symbolic ‘yellow card’ to a minister after he failed to ‘convince’ the lawmakers about their questions on the status of pensioners of the steel industry.
Economy - IME weekly trade volume hits 498Kt with the total value of 309 million USD.
Economy - An Iranian oil official dismissed as “groundless” the remarks made by a Saudi official that Iran has no share in the offshore Arash gas field in the Persian Gulf.
Economy - Grounds are prepared for presence of foreign investors in Iranˈs oil and Gas projects, Managing-Director of National Iranian South Oil Company (NISOC) Hamid Bovard said Wednesday evening.
Economy - Managing Director of Iran's Aras Free Trade Zone Mohsen Khadem Arab Baqi announced that export of non-oil goods from the AFTZ in the first three months of the current Iranian year (March 21-June 21) has considerably grown.
Economy - Iran's oil and non-oil exports witnessed remarkable growth in the first quarter of the current Iranian year (March 21-June 21).
Economy - Sanctions imposed by the US and its European allies on Iranˈs oil industry are being eased by the day due to measures taken by the government of President Hassan Rouhani and in the wake of nuclear talks.
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