Domestic firms to invest $39b in oil, gas industry
Head of Iran’s Planning and Budget Organization (PBO) has said that contracts for $29 billion of investment in the oil and gas industry projects have been concluded with domestic firms, and another $10 billion worth of new investment deals will be concluded soon, Shana reported on Sunday.
Iran’s “Khayyam” Satellite Launched Into Orbit
Iranian “Khayyam” satellite was launched into orbit from the Moscow-operated Baikonur cosmodrome in Kazakhstan, marking what Iran called the beginning of "strategic" aerospace cooperation between Tehran and Moscow.
Gov’t Awards $7b Oilfield Contract to Domestic Consortium
The government awarded a major oilfield development contract to a consortium of local banks and petroleum companies.
Domestic firms supply 85% of Iran’s gas pressure station equipment
Managing Director of Iran Gas Engineering and Development Company (IGEDC) Reza Noshadi has said 85 percent of the equipment used in the country’s natural gas pressure boosting stations is supplied by domestic manufacturers, Shana reported.
Domestic company to build 113,000-ton oil tanker for NITC
National Iranian Tanker Company (NITC) has awarded the project for building a 113,000-ton oil tanker to a high-level domestic company, the company’s managing director announced.
Joint Investment Best Way for Boosting Iran-Belarus Trade
Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to Iran Mr. Dmitry Koltsov met Head of Tabriz Chamber of Commerce Mr. Younis Jaaleh and during the meeting both sides explored ways for boosting bilateral trade.
Domestic production of 2 catalysts saves Iran’s petchem sector $70m
Iranian experts succeeded in indigenizing the knowledge for the production of two catalysts used in the petrochemical sector, which saves this sector $70 million.
Iran Can Hit $900k Cruise Missiles at a Cost of Only $10
A senior Iranian commander has praised the Air Defense Force’s achievements over the past years, saying the country, a pioneer in the technology of directed energy, is today capable of targeting micro air vehicles (MAVs) that violate its airspace.
Production by major automakers exceeds 345,000
Three major Iranian carmakers, namely Iran Khodro Company (IKCO), SAIPA Group, and Pars Khodro, manufactured 345,392 vehicles during the first five months of the current Iranian calendar year (March 21-August 22), the data released by Codal website showed.
Promoting domestic production in industry, mining sectors seriously pursued
Developing domestic production and cutting reliance on external sources for meeting the country’s needs have become one of the main priorities of the Iranian government over the past few years, and especially since the re-imposition of the U.S. sanctions in 2018.