Wednesday, 19 March , 2025
  • Iran to Expand Shipping Lines to West and Southwest Africa 17 Mar 2025

    Iran to Expand Shipping Lines to West and Southwest Africa

    TEHRAN - Iran is set to bolster its maritime trade links with West and Southwest Africa, following a decision by the Africa Committee chaired by the First Vice President, according to Mohammadreza Safari, Acting Director General for Africa at Iran’s Trade Promotion Organization (TPO). This move aims to enhance Iran’s economic footprint on the continent, building on existing shipping routes and trade relationships.

Local firm inks deal to add 10,000 bpd to South Azadegan oil output 24 May 2021

Local firm inks deal to add 10,000 bpd to South Azadegan oil output

Iranian Petropars Group, which is in charge of developing the South Azadegan oil field, has inked a deal with a local contractor called Dana Energy Company for adding 10,000 barrels per day (bpd) to the field’s output capacity.

Railway fleet to receive 1,500 renovated wagons 24 May 2021

Railway fleet to receive 1,500 renovated wagons

Iranian Transport and Urban Development Ministry plans to renovate 1,500 wagons and locomotives to be added to the country’s railway fleet by the end of the current Iranian calendar year (March 20, 2022), Transport Minister Mohammad Eslami announced

Iran, Kazakhstan target $1b of annual trade 24 May 2021

Iran, Kazakhstan target $1b of annual trade

Head of Iran-Kazakhstan Joint Chamber of Commerce said the two countries have the potential to boost their annual trade to $5 billion, however considering the current conditions the two sides have targeted $1 billion of trade over a 3-5 year period.

Tehran, Tashkent Can Improve Economic Ties 24 May 2021

Tehran, Tashkent Can Improve Economic Ties

Uzbekistan Ambassador to Tehran Bakhodir Abdullaev believes Iran and Uzbekistan can improve their economic cooperation due to their appropriate potentials as they can complete each other.

Energy Ministry cuts off power of 4 govt. entities 23 May 2021

Energy Ministry cuts off power of 4 govt. entities

Iranian Energy Ministry's Spokesman for Electricity Industry Mostafa Rajabi Mashhadi said the ministry has cut the power of four major government entities for violation of consumption criteria set by the ministry.

Commodities worth $554m traded at IME in a week 23 May 2021

Commodities worth $554m traded at IME in a week

During the past Iranian calendar week (ended on Friday), 861,793 tons of commodities worth $554 million were traded at Iran Mercantile Exchange (IME).

Kerman Chamber of Commerce hosts online seminar on trade with Russia 23 May 2021

Kerman Chamber of Commerce hosts online seminar on trade with Russia

Kerman Chamber of Commerce hosted an online seminar on reviewing Russia’s market with a focus on establishing trade offices in the mentioned country, the portal of Iran’s Trade Promotion Organization (TPO) reported.

NIDC digs 17 oil, gas wells in 2 months 23 May 2021

NIDC digs 17 oil, gas wells in 2 months

National Iranian Drilling Company (NIDC) dug and completed digging operation of 17 oil and gas wells during the first two months of the current Iranian calendar year (March 21– May 21), an official with the company said.

Indigenization of equipment saves Iranian gas industry $19m a year 23 May 2021

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 23 May 2021

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.