NIDC Signs Deals for Lending Drilling Rigs to Iranian Contractors
NIDC signed deals to lend 16 drilling rigs to five domestic companies that are working on development projects of the country’s oilfields.
MoU Signed with Banks for Supporting Saffron Industry
Iran’s Plan and Budget Organization (PBO) signed a memorandum of understanding (MoU) with three Iranian banks for supporting the saffron industry.
Iranian Response to Maximum Pressure, Maximum Resistance: Envoy
Iran’s Ambassador to Islamabad Seyyed Mohammad-Ali Hosseini said the Iranian people’s response to the US “maximum pressure” is maximum strategic resistance.
Oil Exploration Slowing as Prices Dive
The coronavirus pandemic that has slammed oil demand and prices is forcing energy majors to tighten their belts on exploration.
Rial Gains After Trump’s Sickness Hurts Re-election Chances: Report
Iran’s rial has strengthened against the US dollar in the unofficial market mainly on speculations that US President Donald Trump’s sickness could hurt his re-election chances.
Export of SMEs Products Grows in H1
Export of products by Small- and Medium-Sized Industries (SMEs) registered a 17 percent growth in the first half of the current Iranian calendar year.
Rouhani Orders Minister to Form Iran Trade Database
Iranian President Hassan Rouhani assigned the new minister of industry to set up a comprehensive database system on trade.
Final Vessel of Iranian Flotilla Arrives in Venezuela’s Waters
The final vessel in a flotilla of three Iranian fuel tankers entered Venezuela's waters on Saturday, in the latest sign of cooperation between the two countries.
Iran: Electricity Generation Capacity Added
Iran has added 464 megawatts (MW) to its electricity generation capacity by upgrading the gas units of power plants.
Iranian Economy Outperforming Germany amid COVID-19: President
Iranian President Hassan Rouhani said the country’s economy has outperformed Germany after the outbreak of coronavirus pandemic.