Iran Trade Balance Positive of 1.26b Last Month
Spokesperson for Iran’s Customs Office says in the last month of Iranian calendar year Mordad (July 23-August20), over 8.452m tons of goods worth $5.378 have been traded between Iran and other countries and the country’s non-oil trade in the same period shows positive trade balance of 1.263b.
Smuggled Home Appliance Estimated at $2.5b
Head of Association of Home Appliance Manufacturers of Iran (AHAMI) says 40 percent of the home appliance market in the country is in control of the smuggled commodities which is valued at around $2.5b on average.
Over 10m subscribers covered by free electricity program
Iranian Energy Ministry's Spokesman for Electricity Industry Mostafa Rajabi Mashhadi announced that over 10 million subscribers have been covered by the free electricity program since the third Iranian calendar month Khordad (May 22).
Petropars conducts nearly 8,000m of drilling in SP phase 11
The managing director of Petropars Company, which is in charge of developing phase 11 of Iran’s South Pars gas field in the Persian Gulf, said his company has conducted nearly 8,000 meters of drilling in this phase despite limitations created by the pandemic.
PBO intends to amend next year’s budget structure
The head of Iran’s Planning and Budget Organization (PBO) has said his organization is going to change the structure of the next fiscal year’s national budget for the better, following the guidelines of the Leader of the Islamic Revolution Seyyed Ali Khamenei on the matter.
No Import of LG and Samsung Products from South Korea
Head of Iran-South Korea Joint Chamber of Commerce refuted some reports and allegations that Iran is to import LG and Samsung home appliance products from South Korea in exchange for Iran’s frozen assets in this country.
Iran Exports to Russia Face 38% Rise in 4 Months
Head of Iran-Russia Joint Chamber of Commerce Hadi Tizhoush Taban says due to the rise in the forex price and resolving pandemic problems, Iran’s exports to Russia have soared by 38 percent in the first four months of the current year comparing to the same period last year.
1st train of SP phase 14 refinery to go operational this winter
The first train of the Phase 14 Refinery of Iran’s South Pars complex is going to go operational this winter (starts on December 22), Oil Minister Javad Oji announced.
Oil Ministry Welcomes any Kind of Investment
Oil Minister Javad Owji said: "We welcome any domestic and foreign investment for development of gas fields with the priority of maintaining the production of the South Pars gas field; as the current trend continues, we will become gas importers in the coming years.”
Iran Exports to Tajikistan up by 25%
Head of Iran-Tajikistan Chamber of Commerce says Iran’s exports to Tajikistan have increased by 25 percent in the first five months of the current year, adding that the trade with this country is done via three intermediary countries.