Wednesday, 19 March , 2025
  • Iran to Expand Shipping Lines to West and Southwest Africa 17 Mar 2025

    Iran to Expand Shipping Lines to West and Southwest Africa

    TEHRAN - Iran is set to bolster its maritime trade links with West and Southwest Africa, following a decision by the Africa Committee chaired by the First Vice President, according to Mohammadreza Safari, Acting Director General for Africa at Iran’s Trade Promotion Organization (TPO). This move aims to enhance Iran’s economic footprint on the continent, building on existing shipping routes and trade relationships.

No country can replace Iran’s oil, says min. Zanganeh 21 Jul 2019

No country can replace Iran’s oil, says min. Zanganeh

Iranian Minister of Petroleum, Bijan Zanganeh, stressed that neither Saudi Arabia nor the UAE nor any other country can ever replace Iran’s oil in the global market.

PEDEC enhances Yaran joint oilfield output using mobile processing unit 21 Jul 2019

PEDEC enhances Yaran joint oilfield output using mobile processing unit

In line with the efforts to boost the oil prodcution in major Iranian oilfields, a mobile oil separator (MOS) has been installed and launched in South Yaran Oilfield near the Iraqi border, an official with the Petroleum Engineering and Development Company (PEDEC) said.

Emergency Operations Center opens at Iran Airports Company 21 Jul 2019

Emergency Operations Center opens at Iran Airports Company

A Safety and Emergency Operations Center has been inaugurated at the Iran Airports Company during a ceremony attended by Minister of Roads and Urban Development, Mohammad Eslami.

1st refinery unit of SP Phase 14 to be launched by yearend 21 Jul 2019

1st refinery unit of SP Phase 14 to be launched by yearend

Managing Director of Pars Oil and Gas Company (POGC) Mohammad Meshkinfam revealed the launch of first refinery unit of Phase 14 of South Pars Gas Field in late Oct. 2019.

Iran’s trade surplus at $12bn: CBI 21 Jul 2019

Iran’s trade surplus at $12bn: CBI

Exports Department Manager of Central Bank of Iran (CBI) Samad Karimi on Sunday put the country’s trade surplus at $12 billion, saying that Iranian economy can be administered without oil revenues appropriately.

‘Over 6,500 stone processing units operating across Iran’ 21 Jul 2019

‘Over 6,500 stone processing units operating across Iran’

Director General of Mineral Industries Office of the Ministry of Industry, Mining and Trade Seifollah Amiri said over 6500 stone processing units are currently active across the country, 500 of which are exporting to global markets.

Forex market stabilized, rial soaring 20 Jul 2019

Forex market stabilized, rial soaring

Forex market in Iran has been experiencing many ups and downs after the U.S. withdrew from Iran’s nuclear deal (known as JCPOA) in May 2018.

Iran’s economic ties with neighbors, essential to ward off intl. threats 20 Jul 2019

Iran’s economic ties with neighbors, essential to ward off intl. threats

An expert for international affairs Abbasali Mansouri Arani believes that Islamic Republic of Iran must focus on developing economic relations with neighboring countries in order to ward off global threats.

IRICA stands at 2nd rank in countering goods smuggling 20 Jul 2019

IRICA stands at 2nd rank in countering goods smuggling

Islamic Republic of Iran Customs Administration (IRICA) stood at the second rank last year (ended March 20, 2019) in terms of dealing with smuggling goods.

No worries over fuel supply, senior official says 20 Jul 2019

No worries over fuel supply, senior official says

Iran doesn’t have any problems regarding production and supply of gasoline and gasoil despite the U.S. sanctions, Press TV reported, quoting an official with the oil ministry as saying on Wednesday.