Thursday, 14 August , 2025
  • Iran’s Petrochemical Sector Needs $24b Investment to Meet 7th Plan Targets 12 Aug 2025

    Iran’s Petrochemical Sector Needs $24b Investment to Meet 7th Plan Targets

    TEHRAN - The Special Assistant to the Deputy Oil Minister for Petrochemical Affairs has announced that Iran’s total nominal petrochemical production capacity must reach 131.5 million tons by the end of the 7th Development Plan. Achieving this goal will require an estimated $24 billion in investment, making innovative financing models essential.

NPC initiated development of petchem projects 09 Dec 2019

NPC initiated development of petchem projects

TEHRAN (Iran News) – The CEO of the National Petrochemical Company, NPC Co., said that the company has launched an initiative to orchestrate petrochemical projects in the industry. In a meeting with the projects department of National Petrochemical Company on Sunday, Behzad Mohammadi said that since last year, NPC had sought to ensure the construction […]

Esteghlal tunnel be completed by Iran 09 Dec 2019

Esteghlal tunnel be completed by Iran

TEHRAN (Iran News) – Chief Executive of Iran Water & Power Resources Development Company Behrouz Moradi said that the Islamic Republic will complete the construction of ‘Esteghlal’ Tunnel in Tajikistan. He made the remarks on Monday while pointing to the agreement made between Tajikistan’s minister of energy and water resources and the Iranian minister of […]

Top trade destinations of Iran; China, Iraq, UAE 09 Dec 2019

Top trade destinations of Iran; China, Iraq, UAE

TEHRAN (Iran News) – A new report shows that China, Iraq, and the United Arab Emirates (UAE) are respectively the top trade destinations of Iran exports in the first seven months of the current Iranian calendar year (March 21-October 22). The Tehran Chamber of Commerce, Industries, Mines and Agriculture released the statistics for the first […]

Annual seafood exports to rise 20% by March, official says 09 Dec 2019

Annual seafood exports to rise 20% by March, official says

TEHRAN (Iran News) – The value of Iran’s annual seafood exports will reach $600 million by March 2020, indicating a 20-percent growth year-on-year, said the secretary-general of Aquatics’ Production and Trade Union of Iran. Ali-Akbar Khodaei added the figure marks a record in Iran’s annual seafood exports. According to statistics by Iran Fisheries Organization, he […]

Rare disease patients affected by cruel sanctions; Official says 09 Dec 2019

Rare disease patients affected by cruel sanctions; Official says

TEHRAN (Iran News) – The head of Iran’s Organ Transplant Management Center said the “cruel” sanctions imposed by the US against the Islamic Republic have negatively affected rare disease patients. Speaking at a meeting with high-ranking Spanish health officials in Madrid, Mehdi Shadnoush presented a report on the situation of patients with rare diseases in […]

Gasoline Export Can Reach to 30 Mln Litres 08 Dec 2019

Gasoline Export Can Reach to 30 Mln Litres

TEHRAN (Iran News) – A senior energy official announced that Iran’s gasoline export, for now, includes some 25 million to 30 million liters per day as a result of the implementation of the gasoline rationing scheme that recently came back into force. Spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters’ Union Hamid Hosseini […]

MoUs between Iran, Uzbekistan signed 08 Dec 2019

MoUs between Iran, Uzbekistan signed

TEHRAN (Iran News) – The Chief Executive of Iran International Exhibitions Company (IIEC) Bahman Hosseinzadeh said that two Memoranda of Understanding (MoUs) will be signed between the Islamic Republic of Iran and Uzbekistan. These two MoUs will be inked between the two countries in the fields of customs and standards. He made the remarks on […]

PTA List between Iran, Turkey revised 08 Dec 2019

PTA List between Iran, Turkey revised

TEHRAN (Iran News) – Iran and Turkey are updating the list of items in a preferential trade agreement, known as PTA, they have signed, the Iranian ambassador to Ankara said. Mohammad Farazmand said the initial list of commodities under a preferential trade agreement between Iran and Turkey is not effective anymore, because it needs a […]

Exports to Iraq from one border top $800mn 08 Dec 2019

Exports to Iraq from one border top $800mn

TEHRAN (Iran News) – Exports to Iraq through Mehran’s border terminal, located in the west of Ilam province, amounted to about 1.3 million tons, worth over $800 million during the eight months to November 21. Director-General of Ilam Customs Administration Ruhollah Gholami said Iran’s exports to Iraq through the major gate witnessed a 25% increase […]

Next budget bill based on non-oil revenues; Rouhani says 08 Dec 2019

Next budget bill based on non-oil revenues; Rouhani says

TEHRAN (Iran News) – Iranian President Hassan Rouhani said that the country’s next budget bill for the coming fiscal year has been designed to counter US sanctions and that it is not much reliant on oil revenues. “Our budget for the next year, like the current year, will be based on resistance against sanctions; the budget’s […]