Programs underway to prevent power outage in peak consumption period
The rising trend of electricity consumption in Iran has created serious concerns about power outage in the summer peak period.
Iran Trade With P5+1 Slumped by 19% in Past 4 Years
The spokesman of Islamic Republic of Iran Customs Administration (IRICA) says some 38.6m tons of goods worth $24b were traded between Iran and the P5+1 countries last year that Iran’s share of exports to those countries is 28m tons and worth of $9.83b while the country’s imports stood at 10.54m tons worth $14.16b which shows 14 and 19 percent slumps in terms of weight and value.
Offshore Farzad B Gas Field to Be Developed
The National Iranian Oil Co. signed a $1.78 billion deal with a domestic company to develop the Farzad B gas field in the Persian Gulf.
Stock market to provide investment for refining industry
Head of Iran’s Securities and Exchange Organization (SEO) has said the country’s refining industry requires $30 billion of investment for completing semi-finished projects and the capital market is the best place to provide this funding.
TCCIMA proposes policy package to reform economy
Representatives of the Iranian private sector at Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) in a meeting on Monday presented a policy package that according to its creators is going to reform the country’s economy and solve many of the current economic issues.
Iran Increasing Gas Production at Turkmenistan Border
Managing Director of Iran’s East oil and Gas Production Company (EOGC) has announced the production of 16 billion cubic meters (bcm) of natural gas - 43 million cubic meters per day (mcm/d) - in the previous Iranian calendar year (ended on March 20) in the Khangiran operational region and Shorijeh storing reserves (at areas bordering Turkmenistan).
Exporters Do Not Happy With Devaluation of National Currency
Head of Iran's Export Confederation Mohammad Lahooti rejected some allegations that exporters support devaluation of the national currency against dollar because of their own profits.
Greenhouse farming being developed in Bushehr province
As announced by a provincial official, cultivation in greenhouses is being developed in Bushehr province, in the southwest of Iran.
Cryptocurrency mining using household electricity to face heavy fines
Iranian Energy Ministry’s spokesman for the electricity sector said that those cryptocurrency miners, who use household electricity, will have to pay a heavy fine if identified.
Eastern fields produce 16 bcm of gas in a year
Managing Director of Iran’s East oil and Gas Production Company (EOGC) has announced the production of 16 billion cubic meters (bcm) of natural gas - 43 million cubic meters per day (mcm/d) - in the previous Iranian calendar year (ended on March 20).