Pakistan-Iran freight train service back on track
The Pakistan-Iran freight train service has been restored after remaining suspended for four days due to the derailment of nine bogies in Pakistan’s Taftan area, Chagai district.
NIDC drills 28 oil wells in Q1
The National Iranian Drilling Company (NIDC) successfully spudded 28 oil and gas wells over the first three months of the current calendar year, which began on March 21.
Inflation rate at 37.6%: statistical center
The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on June 21, which marks the end of the third Iranian calendar month of Khordad, stood at 37.6 percent, IRNA reported.
Iran, Ghana to boost FTZ cooperation
Iran and Ghana have signed a memorandum of understanding (MoU) to expand the scale of economic cooperation through their free trade zones.
TEDPIX rises 56,220 points in a quarter
Tehran Stock Exchange (TSE)’s main index (TEDPIX) has increased 56,220 points or 20.4 percent to 234,879 during the first quarter of the current Iranian calendar year (March 21-June 21), Tasnim news agency reported on Saturday.
CBI unveils plans to compensate oil budget deficit in sanctions era
the governor of the Central Bank of Iran (CBI) has said three plans have been developed aimed to compensate the probable budget deficit resulted from the U.S. sanctions on the country’s oil industry, Tasnim news agency reported.
IRENEX to hold offering of 2m barrels of gas condensate on Tuesday
National Iranian Oil Company (NIOC) will offer two million barrels of gas condensate at Iran Energy Exchange (IRENEX) on Tuesday, Shana reported.
Paper production volume at 5.5% growth in two months
Statistics of the Ministry of Industry, Mine and Trade showed that 164,900 tons of various types of paper were produced in the first two months of the current year (March 21 – May 21), showing a 5.5 percent increase as compared to the last year’s corresponding period.
FATF decides to continue keeping Iran off the blacklist
The Financial Action Task Force (FATF) in a recent meeting decided to continue the suspension of counter-measures against Iran, noting the country’s progress of legislative, anti-money laundering efforts.
NIOC should focus on petro-refinery projects: Parl. Research Center
The Research Center of Iran’s parliament said in a report that petro-refineries are two times more profitable than refineries and suggested that National Iranian Oil Company (NIOC)’s new refinery projects be defined as petro-refineries.