Indigenization of equipment saves Iranian gas industry $19m a year
The indigenization of the knowledge for the production of equipment and materials needed in the gas industry is saving Iran $19 million every year, an official with the National Iranian Gas Company (NIGC) announced.
Inflation rate up 2%: SCI
The Statistical Center of Iran (SCI) announced that the inflation rate in the twelve-month period ended on April 20, which marks the end of the second Iranian calendar month of Ordibehesht, stood at 41 percent, rising two percent from the figure for the twelve-month period ended on the last day of the first month.
Iranian Drivers Not Allowed to Travel in Turkmenistan
Chairman of Iran-Turkmenistan Joint Chamber of Commerce Majid Mohammadnejad says the borders of Iran and Turkmenistan are open but the travels are done under certain conditions with observing all sanitary protocols announced by the Turkmenistan government and Iranian truck drivers are not allowed to travel inside Turkmenistan.
NIGC issues 8m free gas bills for efficient subscribers
Managing Director of the National Iranian Gas Company (NIGC) Hassan Montazer Torbati said his company has issued over eight million free natural gas bills for efficient subscribers following a program for encouraging consumption management.
Jask terminal ready to receive crude oil
Jask oil terminal, in southern Iran, is ready to receive crude oil from the Gulf of Oman, the managing director of Pars Oil and Gas Company (POGC) stated.
Home appliance industry registers annual growth of 78%
Iran’s Deputy Industry, Mining and Trade Minister Mehdi Sadeqi Niaraki said that the country’s home appliance industry experienced a 78-percent growth in the past Iranian calendar year (ended on March 20).
Monthly gasoline consumption drops 8%
Gasoline consumption in Iran has decreased by eight percent in the second month of the current Iranian calendar year (April 21-May 21) compared to the figure for the previous month.
Iranian Capital Flight to Neighboring Countries “Serious”
The Chairman of Tabriz Chamber of Commerce Mr. Younes Zhaeleh believes problems of the business climate in Iran is the main reason for the capital flight to the neighboring countries like Turkey and it should be taken seriously.
Italy’s Debts to Iran “Insignificant”
Chairman of Iran-Italy Joint Chamber of Commerce Ahmad Pourfallah says Italy has never fully cut its trade relations with Iran and the country will probably return to its past trade records with Iran sooner than any other European countries when the sanctions are eased.
Iran-India Trade Slumped Due to COVID-19
Vice-President of India-Iran Chamber of Commerce says due to the U.S. unilateral maximum sanctions against Iran in the past year, India stopped buying Iran oil and Iran’s reserve cash in the Indian banks for purchasing goods has finished.