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Iran to apply modern technology for recovery of oil fields : Minister
EconomyIran’s Minister of Petroleum said on Monday that Iran will apply modern technology for recovery of oil and gas fields.
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Official says Razavi Khorasan province exports goods to 62 states
Economy Customs inspector of Razavi Khorasan province said on Saturday that the province exports of the products to 62 countries over the past five months of the current Iranian year (started on March 20), and that 95% of total value is related to 11 countries.
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Minister: Iran's gas exports doubled in seven years
EconomyIranian Minister of Petroleum Bijan Zangeneh announced on Monday that Iranian gas export has doubled over the past seven years period.
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Are you looking for a nose job? Iran is the best destination for you
EconomyWith the growth and development of cosmetic surgeries in the world, more and more people are looking to get it done. Iran, as one of the most popular destinations for cosmetic procedures in the world, is the destination of many beauty fans
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CBI: US lawsuit to seize Iran's assets in Germany doomed to failure
EconomyThe Central Bank of Iran (CBI) dismissed a lawsuit filed in the United States to force a European financial provider to transfer Iranian assets to the US.
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Iran Energy Ministry to open 200 projects within next six months
EconomyMinister of Energy Reza Ardakanian announced on Thursday that his Ministry will inaugurate196 projects worth 34,000 billion tomans by the end of the current Iranian calendar year (will end on March 20, 2021).
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Value of Iran's petrochemical products to hit $37b in 4 years: Oil minister
EconomyValue of Iran's petrochemical products will reach 37 billion dollars by the next four years after inauguration of important projects, Minister of Petroleum Bijan Zangeneh announced on Thursday.
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Iran exporting mask making machinery
EconomyThe caretaker of Iran’s Ministry of Industry, Mine and Trade said on Thursday that the country has now become an exporter of facial mask-producing machinery whereas it was an importer during the first days of the coronavirus outbreak.
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Iran expected to produce 2.7bn more barrels of oil from shared Azadegan Field: Minister
EconomyWith a 10% increase in extraction rate from the shared field of South Azadegan, Iran is expected to produce some 2.7 billion more barrels of oil amounted to dlrs one trillion, Petroleum Minister Bijan Zangeneh said on Monday.
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Iran-EAEU trade grows up by 14%
EconomyTrade between Iran and the Eurasian Economic Union (EAEU) has grown up by 14% since Iranian accession and formation of Iranian Free Trade Zone, according to Trade Promotion Organization (TPO).
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Iran to export $41b worth of non-oil goods despite sanctions, coronavirus
EconomyCaretaker of Ministry of Industry, Mine and Trade announced on Sunday that Iran has planned to export 41 billion dollars' worth of non-oil goods by the end of the Iranian year on March 20, 2021.
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FM spox terms US, Europe as supporters of MEK's terrorist crimes
EconomyIranian Foreign Ministry Spokesman Abbas Mousavi in a message termed the US and Europe as supporters of the terrorist Mujahedin-e Khalq organization (MEK/MKO) and their crimes.
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Chabahar strategic role in developing Iran-India-Afghanistan ties
EconomyThanks to its strategic position, Chabahar Port can play key role in boosting Iran's political and economic relations with Central Asia and Indian subcontinent.
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CBI governor Hemmati says Iraq 'good opportunity' for exports
Economy Governor of Central Bank of Iran Abdolnaser Hemmati said that Iran’s export volume of products to neighboring Iraq and its foreign exchange resources obtained is good opportunity for the country that should be used optimally.
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Export of oil products from Shahid Rajaei Port to increase by 30%
EconomyOnce the three platforms under construction are completed in Shahid Rajaei Port in southern Iran, the export capacity of oil products from the port is expected to rise by 30%, according to a local official.
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CBI governor: Iran to use external sources to provide basic goods
Economy The governor of the Central Bank of Iran said on Wednesday in Baghdad that Iran is going to use its external sources to import basic goods, such as medicine.
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Central Bank of Iran cuts interest rates to stem inflation
EconomyIran's Central Bank said on Monday that cutting interest rates aims to channel liquidity to the manufacturing sector and stem inflation adding that it has adopted appropriate measures for management of market liquidity envisaged at 2,472 trillion tomans by the end of the Iranian year (March 2020).
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CBI chief puts Iran’s last year economic growth at 1.1%
EconomyAbdolnaser Hemmati, the governor of Central Bank of Iran, said on Saturday that Iran’s economic growth, excluding oil revenues, last year stood at 1.1%.
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Iran once again urges S Korea to release frozen billions of dollars
EconomyGovernor of Central Bank of Iran Abdolnasser Hemmati elaborated on the Islamic Republic’s ongoing dispute with South Korea over billions of dollars in oil revenues that is trapped in banks there and Tehran wants to tackle the coronavirus.
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Iran foreign trade stood at $ 85 billion last year
EconomyIran's foreign trade stood at $ 85 billion over the past Iranian year, a best response of the country's ill-wishers, Director-General of Iranian Customs Office Mehdi Mirashrafi said on Sunday.
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President Rouhani inaugurates steam unit of combined-cycle power plant in Assaluyeh
EconomyThe first steam unit of Assaluyeh combined-cycle power plant with the capacity of 160MW was inaugurated in the presence of President Hassan Rouhani and Energy Minister Reza Ardakanian, IRNA reported on Thursday.
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Bazargan border post scene of movements of lorries after 3.5 months shutdown
EconomyBazargan border post between Iran and Turkey has become scene of movements of lorries carrying merchandises as of Thursday morning, managing director of Bazargan Customs office Sadeq Namdar said.
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CBI chief says Iran’s forex reserves are satisfactory
EconomyCentral Bank of Iran (CBI) Governor Abdolnasser Hemmati said on Tuesday that the CBI forex reserves are satisfactory and at a very good level.
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Iran’s Faxon tanker berths at Venezuela's port
EconomyIranian tanker Faxon carrying fuels berthed at Venezuela's port on Friday morning.
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Fourth Iranian oil tanker enters Venezuelan special economic zone
EconomyThe fourth Iranian tanker carrying fuel for Venezuela has entered the country’s special economic zone, according to a report by MarineTraffic.
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Iran to expand port container capacity to eight million TEU
EconomyIran's Port and Maritime Organization CEO said that it had planned to enlarge the capacity of trade ports from seven million twenty-foot containers to eight million TEU.
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Iranian-Turk researchers conduct 22 joint projects
Economy Iranian and Turkish researchers are conducting some 22 projects under the agreement signed between Iran’s Ministry of Science, Research and Technology and Iran-Turkey Scientific and Technological Research Council of Turkey.
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2nd Indian wheat ship to Afghanistan docks in Chabahar, Iran
Economy Ports and Maritime authority of Sistan and Balouchestan province said that a ship containing the second part of India's aid package to Afghanistan docked on Wednesday in Chabahar port, Iran.
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CBI Chief declares improvement in access to financial resources
EconomyGovernor of the Central Bank of Iran (CBI) Abdolnaser Hemmati in an Instagram Post declared improvements in access to CBI’s financial resources abroad, saying over $2.5b has been supplied through central bank and non-oil exporters over the last 50 days.
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Minister: COVID19 did not stop oil production
EconomyIran's Oil Minister Bijan Zangeneh elaborated on Petroleum Ministry’s measures in fighting COVID19, saying the ministry has put on its agenda making persistent efforts to prevent stopping oil production.
