Sunday, 18 May , 2025
  • Two New Refineries to Be Launched 18 May 2025

    Two New Refineries to Be Launched

    TEHRAN - The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) has announced the launch of two new refineries and the commissioning of three fuel quality improvement projects within the current year.

Emphasis on Achieving 10m Tons of Transit Through the North-South Corridor 05 Jan 2025

Emphasis on Achieving 10m Tons of Transit Through the North-South Corridor

TEHRAN - A joint video conference was held on Saturday between Farzaneh Sadegh, Iran’s Minister of Roads and Urban Development, and Roman Starovoyt, Russia's Minister of Transport. The meeting aimed to discuss the memorandum of understanding for the construction of the Rasht-Astara railway and to enhance transport cooperation within the framework of the North-South Corridor.

Iran’s cenbank refutes claims of reduced reserves, import issues 04 Jan 2025

Iran’s cenbank refutes claims of reduced reserves, import issues

The Central Bank of Iran (CBI) has dismissed claims about a reduction in foreign currency reserves and the inability to support imports until the end of the Iranian calendar year on March 20.

Iran private sector operates 1st oil dock in South Pars 04 Jan 2025

Iran private sector operates 1st oil dock in South Pars

The first oil dock built by the Iranian private sector has become operational in Kangan located in the southern province of Bushehr.

Iran’s defense ministry commits to building 2.8 MW of solar, wind plants 04 Jan 2025

Iran’s defense ministry commits to building 2.8 MW of solar, wind plants

Iran’s Deputy Defense Minister for Industrial Research Affairs Afshin Naderi Sharif has announced that the ministry will cooperate with the Energy Ministry of Energy to build power plants to produce 2.8 MW of solar and wind energy across the country.

Gasoline Production to Reach 130m Liters Per Day 04 Jan 2025

Gasoline Production to Reach 130m Liters Per Day

TEHRAN - The Deputy Minister of Oil announced an upcoming 1,000-kilometer expansion of crude oil and oil product pipelines across the country. By the end of this year, the total pipeline length will increase from 14,000 kilometers to 15,000 kilometers.

Uzbekistan-Iran Trade Reaches $500 Million 04 Jan 2025

Uzbekistan-Iran Trade Reaches $500 Million

TEHRAN - In a meeting with the Governor of Mazandaran, Uzbek Ambassador Fariduddin Nasriyev emphasized the potential for strengthening trade relations between Mazandaran Province and Uzbekistan.

Uzbekistan-Iran Trade Reaches $500 Million 04 Jan 2025

Uzbekistan-Iran Trade Reaches $500 Million

TEHRAN - In a meeting with the Governor of Mazandaran, Uzbek Ambassador Fariduddin Nasriyev emphasized the potential for strengthening trade relations between Mazandaran Province and Uzbekistan.

No Exports of Technical and Engineering Services to Syria 01 Jan 2025

No Exports of Technical and Engineering Services to Syria

TEHRAN - Ali Naqavi, head of the Technical and Engineering Services Commission at the Iran Chamber of Commerce, detailed the latest developments in Iran’s export of technical and engineering services. He emphasized that despite the country’s significant potential in this sector, actual exports fall drastically short.

Iran-Pakistan Trade Opportunities Discussed 01 Jan 2025

Iran-Pakistan Trade Opportunities Discussed

TEHRAN - The Head of Iran’s Trade Promotion Organization (TPO), alongside senior officials, emphasized strengthening trade ties with Pakistan during a meeting focused on export opportunities in sectors such as oil, gas, petrochemicals, polymers, and plastics.

Iran to reassess FATF bill at Expediency Council, says Pezeshkian 01 Jan 2025

Iran to reassess FATF bill at Expediency Council, says Pezeshkian

Iranian authorities will once again review the Financial Action Task Force (FATF) bill at the Expediency Council, President Masoud Pezeshkian announced in response to concerns raised by members of the Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) regarding obstacles for economic actors.