Iran to curb gas flare at four major fields within 3 years
In line with the plans to meet the environmental requirements of the oil industry, the flare of the associated petroleum gas in at least four major Iranian oilfields will be curbed by 2022, a senior official said.
Iranian delegation visits Iraq to discuss joint railway project
An Iranian delegation has visited Iraq to hold talks on the Shalamcheh-Basra railway and to visit the sites where the construction of the railway is going to take place on Iraqi side of the border.
NPC to launch three petchem projects by yearend
The National Petrochemical Company (NPC) of Iran will launch three new petrochemical projects by the end of the current fiscal year (March 2020), a senior official said.
Trafficking saffron to Afghanistan reduces its official exports: Official
A member from Iran National Saffron Council announced on Saturday that smuggling saffron to Afghanistan pulls down its official exports to United Arab Emirates, which is Iran’s main customer.
Financial funds of ISIPO to be doubled before autumn: chief
Head of Iran Small Industries and Industrial Parks Organization (ISIPO) Mohsen Salehinia announced on Saturday that the financial resources of the fund will be doubled by the end of the summer.
Connection of all provinces’ capitals to rail line sys., atop govt. agenda
First Vice President Es’hagh Jahangiri said that development of rail lines is put atop agenda of the government and plans have been made to connect all provinces' capitals to the rail line system.
$113mn of foreign investments in industrial projects of Razavi Khorasan
As of the beginning of the present Iranian calendar year (March 21, 2019) some $113 million of foreign investments have been absorbed in eight industrial projects of the Razavi Khorasan province, head of industry, trade and mine organization of the northeastern province announced on Saturday.
INIC plans to up Iranian nano products to 1,400 in 2 years
Head of Iran Nanotechnology Innovation Council (INIC) announced plans to increase the number of Iranian nanotechnology-enhanced products to 1,400 in two years.
Industrial units account for $4bn exports share
Deputy Minister of Industry, Mine and Trade revealed that industrial units account for $4 billion share of Iran's total exports.
Cost of Money Declines 1.5% in Iran
the cost of money has declined up to 1.5% following a government decision to scrap the overnight interest rate policy on deposits in January, head of the Association of Private Banks and Credit Institutions said.