Saturday, 18 January , 2025
Iran to increase tariff on raw minerals: VP Sattari 18 Sep 2019

Iran to increase tariff on raw minerals: VP Sattari

Vice President for Science and Technology Sorena Sattari said on Tue. that tariff rates for exporting raw minerals will increase.

Iron ore concentrate output exceeds 19m tons in 5 months 18 Sep 2019

Iron ore concentrate output exceeds 19m tons in 5 months

Production of iron ore concentrate in Iran during the first five months of the current Iranian calendar year (March 21 – August 22) reached 19.725 million tons, registering a four-percent rise compared to the same period last year, IRNA reported.

Gas production enhancement in Khangiran underway 18 Sep 2019

Gas production enhancement in Khangiran underway

East Oil and Gas Production Company is destined to add 2.5 million cubic meters to gas production capacity in Khangiran district, northeastern Iran, CEO of the company announced.

NPC considers maximized involvement of domestic firms 18 Sep 2019

NPC considers maximized involvement of domestic firms

The National Petrochemical Company (NPC) is seeking to ensure the maximized involvement of domestic manufacturers and contractors in petrochemical projects, the NPC CEO said.

European banks ready to join INSTEX: chief 18 Sep 2019

European banks ready to join INSTEX: chief

A number of European banks and firms have expressed readiness to engage in Europe’s proposed financial channel, called INSTEX, which is aimed at helping Iran circumvent the US’ sanctions in its foreign trades, the new INSTEX president said on Tuesday.

Imports shrink 7% in five months 17 Sep 2019
TCCIMA chairman:

Imports shrink 7% in five months

Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari said on Tue. that imports of products dropped seven percent in the country in the first five months of the current year (March 21 – August 21) as compared to the same period last year.

China Establishes $400bln Credit Line for Trade with Iran 17 Sep 2019

China Establishes $400bln Credit Line for Trade with Iran

A $400 billion credit line has been launched for trade between Iran and China, an Iranian official announced.

Iran’s steel ingot output hits over 8.5mn tons in five months 17 Sep 2019

Iran’s steel ingot output hits over 8.5mn tons in five months

About 8,539,776 tons of steel ingot were manufactured by major steel production plants in Iran in the first five months of the current year (March 21 – August 21), showing a four percent hike as compared to the same period last year.

Iran’s petchem industry needs $40bn for significant growth 17 Sep 2019

Iran’s petchem industry needs $40bn for significant growth

Deputy Minister of Oil for Petrochemical Affairs Behzad Mohammadi said that Iran’s petrochemical industry needs $40 billion for materializing most of its objectives in relevant fields.

Iran, Turkey investigating trade via national currencies: CBI gov. 17 Sep 2019

Iran, Turkey investigating trade via national currencies: CBI gov.

Governor of the Central Bank of Iran (CBI) said on Monday that during the meeting held between Presidents of Iran and Turkey on the same day in Ankara, the two sides focused on expansion of trade and banking ties besides doing monetary transactions via Rial or Lira.