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
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
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
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
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
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.
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.
IRENEX to hold 15th round of offering light crude oil on Tuesday
National Iranian Oil Company (NIOC) will offer two million barrels of light crude oil at the international ring of Iran Energy Exchange (IRENEX) on Tuesday, IRNA reported.
Iran’s leading petchem plant improves ICIS ranking despite sanctions
The ICIS has ranked Iran’s Persian Gulf Petrochemical Industries Company (PGPIC) 35th in ICIS Top 100 Chemical Companies for 2019.
Iran oil industry developing despite sanctions: official
A senior Iranian oil official said that the industry is developing in the country despite the US’ economic sanctions.