TEHRAN (Iran News)- The construction of the largest petrochemical wastewater treatment facility in Iran is moving forward with a 53% physical progress, CEO of Bandar Imam Petrochemical Company Hamid Reza Rostami said, adding that the plant will be go online by March 2021. According to the National Petrochemical Company (NPC), Rostami, in a meeting with […]

Iran's Finance and Economic Affairs Minister Farhad Dejpasand has said that the country's economic indicators show that economic conditions have improved a year after re-imposition of the unilateral US sanctions.

TEHRAN (Iran News) – In line with the plans end the gas flaring in the southern Iranian oilfields, a smoke-free flare system has been launched in Ahaz Operating Unit No. 2. Gholamreza Mofidi, Managing Director of Karoon Oil and Gas Production Company, outlined features of the system, saying by launching the system, environmental pollutants in […]

TEHRAN (Iran News)- Iran’s non-oil exports have witnessed a 22.5% increase in terms of weight in the first half of the current local calendar year (March 21-August 21) compared with the corresponding period in the last year, showing a steady rise in resistance against the United States’ economic sanctions. Iranian exports saw a rise of […]

TEHRAN (Iran News) – Deputy Minister for Roads and Urban Development, Chairman of the Board and President of RAI said that for the first time a joint rail corridor between Iran and the 4 countries of the region will transport Chinese container cargo to Europe. During his recent visit to Ankara, Saeid Rasouli said, “At […]

TEHRAN (Iran News) – An Iranian parliament member ensured that the railway lines of Iran’s western Ardabil province and the Republic of Azerbaijani railway network will be connected in the future. “Studies on Ardabil-Parsabad railway will be carried out within two months and having the project implemented, Ardabil province will get linked to the Republic […]

TEHRAN (Iran News) – Annual production of crude steel in Iran is planned to rise three million tons to 28 million tons in the current Iranian calendar year (ends on March 19, 2020), the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) announced on Wednesday. Khodadad Gharibpour made the announcement during […]

TEHRAN (Iran News) – European companies are looking to resume ties with Iranian petrochemical companies, the CEO of Tondgouyan Petrochemical Company said. Referring to Iran petchem companies’ participation in Germany’s K-Show, the largest exhibition in the plastics and polymer industries in the world, Seyyed Reza Ghasemi Shahri said, “The Persian Gulf Petrochemical Industries Company has […]

TEHRAN (Iran News) – Iran’s Economy Minister Farhad Dejpasand called off his trip to Washington, DC, after the US government denied the members of his accompanying delegation visas for the annual meeting of the International Monetary Fund (IMF) and the World Bank Group (WBG). After canceling his visit to the US for the annual IMF […]

TEHRAN (Iran News) – The CEO of the Bandar Abbas Gas Condensate Refinery (also called the Persian Gulf Star Refinery-PGSR) said the facility currently supplies an average of 17 to 20 million liters per day of Euro-5 diesel fuel. Mohammad Ali Dadvar said the plant is now processing 450,000 barrels of gas condensate, adding the […]