Iran’s July oil output rises 28% year on year
Iran produced 2.485 million barrels per day (bpd) of crude oil in July, registering a 28 percent increase compared to the same month in 2020, according to OPEC’s latest monthly report published on August 12.
Iran-Turkey Annual Trade Predicted to Hit $10b by Next March
The head of Iran-Turkey Joint Chamber of Commerce stated that the value of bilateral trade between the two countries is forecast to reach $10 billion in the current Iranian calendar year (ends on March 20, 2020).
Iran Can Launch Production Centers in Ghana
The Ambassador of Ghana to Tehran Eric Owusu-Boateng in meeting with Head of Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) Mr. Gholam-Hossein Shafei said Iran can launch production centers in Ghana and after removal of sanctions both countries can launch direct flight between Tehran and Accra.
Permits issued for establishment of 830 industrial units in Semnan province
As announced by a provincial official, permits have been issued for the establishment of 830 industrial units in the central Semnan province during the first four months of the current Iranian calendar year (March 21 – July 22).
Iran may need to import wheat as drought cuts harvest
Secretary of the Iranian Parliament’s Agriculture Committee has said the country is going to need to import wheat in the current Iranian calendar year (started on March 21), since severe drought has significantly reduced the production of the strategic crop.
Tehranis account for 15% of Iran’s total power consumption
Capital Tehran accounts for 15 percent of Iran’s total electricity consumption, an official with the country’s Power Generation, Distribution, and Transmission Company (known as Tavanir) announced.
Iran Major Assets in S. Korea Still Blocked
Secretary General of Iran-South Korea Joint Chamber of Commerce Pouya Firouzi says Iran’s major assets in South Korean banks have not been unblocked yet and talks with this country will resume soon.
Jask oil terminal’s offshore pipeline completed
The construction of the offshore oil pipeline of the Jask crude oil export terminal has been completed, the operator of Jask oil terminal project in southern Iran announced.
Annual transit of goods via Iran anticipated to hit 11m tons by next March
Transit of goods via Iran is forecast to reach 11 million tons in the current Iranian calendar year (to end on March 20, 2022), the spokesman of the Islamic Republic of Iran Customs Administration (IRICA) announced.
Bank loans to economic sectors up over 280%
Iranian banking system has paid 7.01 quadrillion rials (over $166.9 billion) of facilities to domestic economic sectors in the first four months of the current Iranian calendar year (March 21-July 22), registering a 280.4 percent rise from the figure for the same period in the previous year.