Energy Ministry taking serious measures to manage water resources
Iranian Energy Minister Reza Ardakanian has said his ministry is taking serious measures for reforming the country’s water structure and for managing water resources, IRNA reported.
Iran preparing for a strong comeback to oil market
Iran is gradually boosting crude oil production to get ready for a strong comeback into the global market as the talks with world powers over the 2015 nuclear deal show signs of progress.
Efforts Underway for Launching Iran-Singapore Trade Office
Head of the Iran-Singapore Joint Commercial Committee says in the past years the trade balance between Iran and Singapore has been mostly in favor of Singapore and in this period, Iran’s exports to Singapore have been limited to the limited amount of the non-oil items of dried-fruits, pistachio, dates and fig.
Iran, Armenia Trade Volume to Hit Over $1b
Chairman of Iran-Armenia joint chamber of commerce Hervik Yarijanian said that once free trade zones are established at joint borders, the volume of mutual trade will reach over $1b.
Subsidy reform plan allocates $7.6b to support domestic production
Managing Director of Iranian Organization of Targeted Subsidies has said that 320 trillion rials (about $7.61 billion) of the revenues earned from the government’s subsidy reform plan has been allocated for supporting domestic production in the current Iranian calendar year (started on March 21).
Cryptocurrency issues discussed at ICCIMA meeting
The Macroeconomic Committee of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) hosted a meeting on Saturday to discuss the issues related to the exchange of cryptocurrencies in the country.
Development projects worth $1.47b inaugurated in free trade, special economic zones
President Hassan Rouhani on Thursday inaugurated numerous projects valued at 62 trillion rials (about $1.47 billion) in the free trade and special economic zones of five different provinces across the country in an online event.
NPC’s plan for diversifying petchem products underway
Managing director of National Petrochemical Company (NPC) said the company is seriously pursuing a plan for diversifying the product basket of the country’s petrochemical industry by implementing new projects in the downstream sector.
Iran to invest $5.3b in Afghanistan’s transport, infrastructure projects
Iran has reached a primary agreement with Afghanistan to invest $5.3 billion in the country’s transportation and infrastructure projects, an official with the Iranian Transport and Urban Development Ministry announced.
Tehranis must save 1,540MW of electricity in summer to prevent blackouts
Managing Director of Tehran Electricity Distribution Company said Iran's Power Generation, Distribution, and Transmission Company (known as Tavanir) has allocated 7,253 megawatts (MW) of electricity for Tehran province during summer, so considering the current consumption level Tehrani households must save 1,540 MW in summer to prevent blackouts.