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133 major energy projects inaugurated across Iran: minister
EconomyIranian energy minister announced on Saturday that some 133 major energy projects have been inaugurated in various provinces across the country in recent months.
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Iran installs new gas platform in South Pars field
EconomyIran on Saturday installed the last offshore platform of phase 14 of South Pars gas field in the Persian Gulf to increase its production by 33 percent.
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Exports to Iraq through Mehran border up 35% in ten months
EconomyExports to Iraq through Mehran’s border terminal, located in the west of Ilam province, amounted to about 1.829 million tons during the ten months to January 20.
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Minisrter: Petropars to finalize phase 11 of South Pars
EconomyIranian Petroleum Minister Bijan Zangeneh stressed the fact that CNPC and Total companies have completely withdrew from developing phase 11 of South Pars, saying that Petropars will finalize the project by itself.
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Iran’s sky among safest in world: road min
EconomyEmphasizing Iran is safe for air travel, Iranian Minister of Roads and Urban Development Mohammad Eslami said that Iran’s sky is one of the safest in the world.
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Section-1 of Tehran-Shomal freeway to be inaugurated in Feb.: Nobakht
EconomyHead of Plan and Budget Organization (PBO) Mohammad Bagher Nobakht announced on Tuesday that Section-1 of Tehran-North (Shomal) Freeway is to be inaugurated in February and during Fajr Decade (February 1-10).
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CBI: Iran's open market operation to start on Saturday
EconomyThe governor of Central Bank of Iran said in Iran's Central Bank 59th annual forum that the open market operation is to be launched in Iran on Saturday.
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CBI: US attempts to seize Iran assets fails
EconomyThe Central Bank of Iran announced that in the wake of efforts made by its legal department US' Plaintiffs' request from Italian courts to seize CBI assets worth $5,990,876, 696b failed.
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Iran, Iraq banking ties will improve after US departure
EconomyThe head of the joint Chamber of Commerce of Iran and Iraq told IRNA on Thursday that with US departure from Iraq, banking relations of the two neighboring countries will definitely improve.
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Iran tops in World Steel Association production list
EconomyThe World Steel Association in its latest statistics announced that Iran steel production has experienced 5.3% growth during the 11 months of the current year standing at the 10th position among over 60 states.
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Trump admits inability to defeat Iran: Minister
EconomyFinance Minister Farhad Dejpasand said on Thursday that US President Donald Trump has clearly announced that sanctions did not work and he is no more seeking to change Iran's regime.
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Iran has no plan to change gas, gas oil price: Minister
EconomyIranian Oil Minister Bijan Zangeneh said on Sunday that in the budget bill of the next Iranian year (starting on March 20) there is no change in the price of gasoline and gas oil.
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Central Bank of Iran Governor says Forex rates to keep going down
EconomyGovernor of Central Bank of Iran Abdolnasser Hemmati said on Sunday that stability and balance of supply and demand are prevailing over the markets and that foreign exchange rates will keep going down.
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Zangeneh: Development of South Pars creates exports opportunity
EconomyIranian Petroleum Minister Bijan Zangeneh said on Sunday that due to improvement in gas transfer and also development of South Pars field, more exports opportunities have become available.
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Trade with neighboring countries; Iran's priority
EconomyMinister of Industry, Mine and Trade Reza Rahmani said on Sunday that the overall policy and priority of Iran's foreign trade is to focus on cooperation with neighboring countries.
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Promoting ties with Uzbekistan of high significance to Iran, minister says
EconomyMinister of Industry, Mine and Trade Reza Rahmani said at the 13th Meeting of Iran-Uzbekistan Joint Cooperation Commission that presence of 50 Iranian companies in the summit, holding mutual trade conference as well as exclusive exhibition in Tashkent indicate significance of mutual trade and economic collaboration.
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83,000 MW of power plant capacity installed in Iran
EconomyIran's Energy Minister Reza Ardakanian stated that the capacity of the country in 2013 is 69,000 MW, and added that in the eleventh and twelfth governments and in cooperation with the parliament and the private sector, the ministry has added 13,700 MW and now 83,000 MW power plant capacity has been installed in the country.
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Iran Taking New Paths to Overcome Sanctions: Official
EconomyHead of Iran’s Plan and Budget Organization Mohammad Baqer Nobakht highlighted the country’s measures to export a million barrels of crude per day in the next Iranian calendar year (March 2020 – March 2021) and said the country has taken new paths to overcome the sanctions.
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Electricity industry seeking to gain market share in region
EconomyThe Minister of Energy while referring to the formulation of a three-year plan for cooperation with the Iraqi electricity industry underscored that despite the sanctions, Iran's electricity industry is seeking increased presence in regional markets.
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Iran foreign investment experiences 20% growth in 7 months
Economy Iranian Minister of Economy Farhad Dejpasand said despite the difficult situation in sanctions era, foreign investment experienced a 20% growth during the 7 months of the current Iranian calendar year (started on March 21).
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Iran to interlink Caspian Sea states to Central Asian nations
EconomyIranian Minister of Trade, Mine and Industry Reza Rahmani said on Saturday that Iran as member state of North-South Transport Corridor will interlink the Caspian states to the Central Asian nations to boost trade relations between Caspian Sea littoral states in north and the Central Asian countries in south.
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CBI Governor says ground prepared for further Iran-Oman ties
EconomyGovernor of Central Bank of Iran (CBI) Abdolnasser Hemmati said on Saturday that good political relations between Tehran and Muscat have prepared the ground for economic cooperation between the two countries.
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Iranian firms undertake reconstruction of Syrian power grid
EconomyMinister of Energy Reza Ardakanian said on Saturday that Iranian firms undertook reconstruction of Syrian water supply networks and electricity grid as per a mutual agreement already signed.
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Iran urges US to lift sanctions if seeks talks with Tehran
EconomyIran’s Petroleum Minister Bijan Zanganeh said on Thursday that the US must lift all sanctions before resumption of any negotiations.
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Iran oil minister arrives in Vienna for OPEC meeting
EconomyIran's Oil Minister Bijan Zangeneh arrived in Vienna on Thursday to take part in the 177th meeting of the Organization of the Petroleum Exporting Countries (OPEC).
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Iran, Azerbaijan eying on ICT joint project
EconomyIran is looking forward to implementing a joint project with Azerbaijan in the field of ICT, and within a short period of time, the final agreement between the two countries will be prepared to be signed by the Ministers of Communication after the visit of the President of Azerbaijan to Iran in the presence of the two Presidents.
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Iran, Tajikistan to use nat'l currencies in trade transactions
EconomyIran and Tajikistan will use their national currencies in the future in a bid to ditch dollar and accelerate bilateral economic relations.
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Larijani: Iran always ready for solving issues with US
EconomyIranian Parliament speaker Ali Larijani said Iran has always had the political will for solving issues with the United States, saying that no dead-end exists in this regard.
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Iran a reliable partner for Eurasia: Iranian Min.
EconomyIranian Energy Minister Reza Ardakanian said that Iran is a reliable partner for Eurasia because of being a link between the Persian Gulf and its fossil-fuel reserves.