Monday, 7 April , 2025
‘3000MW added to Iran’s power generation capacity since March’ 17 Jul 2019

‘3000MW added to Iran’s power generation capacity since March’

Some 3000 megawatts (MW) capacity of new power plants have been added to the country’s electricity network in the current Iranian calendar year (started on March 21) to supply the demands in the summer peak period, IRNA reported on Tuesday quoting an official with the energy ministry.

Iran, Armenia to exchange trade with local currencies ‘likely’ 16 Jul 2019

Iran, Armenia to exchange trade with local currencies ‘likely’

Chairman of Iran-Armenia Joint Chamber of Commerce Hervik Yarijanian said that the two countries will exchange trade activities with each other using local currencies ‘likely’.

Hydroelectric power plant in NW Iran joins national grid 16 Jul 2019

Hydroelectric power plant in NW Iran joins national grid

The first unit of Sardasht Hydroelectric Power Plant in Sardasht county, West Azarbaijan province, became operational on Tuesday, adding 50 megawatts of electricity to the national grid.

Controlling liquidity, protecting production main targets of central bank 16 Jul 2019
Hemmati:

Controlling liquidity, protecting production main targets of central bank

The Governor of the Central Bank of Iran Abdolnaser Hemmati said on Tuesday that as in the previous year, the main goals of the central bank are controlling liquidity volume and protecting domestic production.

Iran’s gas, electricity exports to Iraq to hit $5bn this year 16 Jul 2019

Iran’s gas, electricity exports to Iraq to hit $5bn this year

Secretary General of Iran-Iraq Joint Chamber of Commerce Seyed Hamid Hosseini said Tue. that Iran will earn $5 billion revenues for its gas and electricity sales to neighboring Iraq this year.

South Pars 14 offshore sector to come online in Sep. 16 Jul 2019

South Pars 14 offshore sector to come online in Sep.

The offshore section of Phase 14 of the giant offshore South Pars gas field is expected to come on stream later this year, according to the project manager Mohammad Mehdi Tavasolipour.

‘Annual olive production expected to rise to 120,000 tons by March 2020’ 16 Jul 2019

‘Annual olive production expected to rise to 120,000 tons by March 2020’

Annual production of olive in Iran is expected to rise by more than a third to reach 120,000 tons in the current Iranian calendar year (ends on March 19, 2020), an official from Iran’s ministry of agriculture said on Sunday.

IME strengthening link between agricultural, financial markets 16 Jul 2019

IME strengthening link between agricultural, financial markets

Expanding the links between financial markets and commodity markets and strengthening the existing links between these markets is an approach Iran’s capital market has taken in recent years which has resulted in significant achievements in both commodity and exchange transactions in the country.

CBI manages to stabilize foreign currency market: report 16 Jul 2019

CBI manages to stabilize foreign currency market: report

The value of Iranian rial is recovering against the U.S. dollar as the Central Bank of Iran (CBI) policies for shielding the currency against the U.S. sanctions are taking effect.

Iran’s ‘oil for execution’ plan: old ideas in a new wrapping 15 Jul 2019

Iran’s ‘oil for execution’ plan: old ideas in a new wrapping

This week Iranian Oil Ministry is going to officially start a new plan that is aimed to be a new way for selling oil and tackling the pressures imposed by US sanctions on the country’s oil industry.