TEHRAN (Iran News) – The National Iranian Oil Company (NIOC) says IRENEX ready for three big trades involving six million barrels of oil and condensates in a local bourse next week. A Wednesday statement on the NIOC website said that the trades at Iran Energy Exchange (IRENEX) are planned for three consecutive days beginning on […]

In Turkey, efforts are underway to steadily boost trade with Iran despite sanctions. Trade between two nations which are two neighbors with brotherly and friendly ties said a member of the board of directors of İzmir Free Trade Zone. Iran News covers the story. In May 2018, President Donald Trump pulled the US out of […]

TEHRAN (Iran News)- The 3rd gas platform of South Pars phases 22 to 24, was installed in offshore sector after loading and transferring it to the sea. The 2,500-ton platform for the 23rd phase of South Pars field, as the second main platform of phases 22 to 24, was installed by HL-5000 vessel in the […]

TEHRAN (Iran News)- The Southern province of Bushehr,  3therd top producer of date in Iran, has exported 17,000 tons of the fruit in the past 8.5 months since March 21, a local official said, adding that it is 34 percent rise in Iran’s Date exports, according to corresponding period in the last year. Some 17,000 […]

TEHRAN (Iran News) – “Omani officials seek expansion of economic ties with Iran,” Oman Ambassador to Iran Saud bin Ahmad Khalid al-Barwani said on Tuesday, highlighting Iran-Oman economic relations. He made the remarks in a meeting with Iranian businessmen and economic activists in Ardabil province, with the participation of the Iranian Head of Iran-Oman joint […]

TEHRAN (Iran News)- Iranian President Hassan Rouhani officially opened Baft Steel mill with a production capacity of over 1.5 million tons a year, in a bid to further raise the Iran steel output and tap into its vast reserves of metals and minerals. President Rouhani was in the Southeastern province of Kerman on Monday to […]

TEHRAN (Iran News) – As many as 18 petrochemical projects will be designed and implemented in Chabahar Free Zone from 2022 onward, according to an official. Chief Executive of Infrastructure Supply Company of Chabahar Free Zone, Mehdi Kouhi, made the announcement on Monday and said, “these projects will come on stream in three phases, each phase with […]

The Direct Reduction (DR) Factory No. 1 of Baft Steel Complex was inaugurated in Kerman province on Monday in the presence of Iranian President Hassan Rouhani.

TEHRAN (Iran News) – Foreign Direct Investment recorded that Iran FDI has reached to about 32 percent growth in the industrial sector in the first six months of the current year (from March 21 to Sept. 22). According to the statistics of the Ministry of Industry, Mine and Trade, about $762,600,000 worth of Foreign Direct […]

TEHRAN (Iran News) – Iranian Oil Bijan Namdar Zanganeh said the newly-discovered oilfield in Khuzestan, named Namavaran, has an estimated 53 billion barrels of in-place oil. Addressing reporters on Monday, the minister said the new discovery had added 22 billion barrels of crude oil to previous estimates of newly-discovered Namavaran oilfield, which stood at 31 […]