Data released by the Islamic Republic of Iran Customs Administration show that Iran’s five top exporters accounted for over 50% of the goods entered through the country’s customs during the past 10 months of the current Iranian year (to Jan. 20). China exported goods worth $8.9 billion to Iran during the 10-month period, becoming the […]

CEO of planning and studies center for filling stations Ali Monshi said that Iran has achieved 90% self-sufficiency in producing equipment for filling stations. He made the remarks late on Sunday in a press conference on the eve of 2nd Tehran International Exhibition of Fuel Station and Related Industries, which will be held at Tehran […]

After months of delay and despite the 2015 commitments of European leaders towards the Iran nuclear deal, the so-called E-3 (Germany, France and the UK) registered the Instrument in Support of Trade Exchanges (INSTEX). However, this special purpose vehicle (SPV) has no engine or driver and doesn’t conform with the trade and investment promises made […]

 Iran is among leading countries in developing and producing radiopharmaceuticals and is exporting this kind of medicine to 15 different countries, said Iran nuclear chief Ali Akbar Salehi. “Iran is one of the leading countries in West Asia in the production and the development of new radiopharmaceuticals. And now domestically-produced radiopharmaceuticals are being exported to […]

 President Rouhani launched phase III of Bandar Abbas Gas Condensate Refinery (also called the Persian Gulf Star Refinery) and a project to enhance productivity of Bandar Abbas Oil Refinery on Monday. The projects are being launched on the occasion of the 40th anniversary of the victory of the Islamic Revolution. Construction of the Persian Gulf Star […]

 India’s oil imports from Iran fell by 45 per cent in January to 270,500 barrels per day oil (bpd), below the estimated 300,000 bpd for the month as some cargoes were delayed. India is restricted to buying 1.25 million tonnes per month, some 300,000 bpd. January imports from Iran were 10.4 per cent lower than December, […]

apparently the electric power industry is vitally important in economy of nations. It is an infrastructural and key industry for every country and economic development without this energy is nearly impossible. Just like other industries, its situation was melancholy in 2018. The 7000 MW deficit during  peak consumption times, incapacity of the Ministry of Energy […]

An economic delegation from Halabja, Iraqi Kurdistan region, is set to visit the western Iranian province of Kermanshah later today to talk over the expansion of bilateral ties. According to Halabja Governor Azad Tofigh, the delegation is scheduled to hold separate meetings with the senior officials of Kermanshah to confer over a host of issues, […]

TEHRAN – The Governor of the Central Bank says the condition of foreign exchanges (forex) in the country is favorable and people should not have any concern. IRAN NEWS ECONOMIC DESK During his one-day visit to Kurdestan Province, Abdolnasser Hemmati met a task force group on resistance economy and reviewed the latest developments in the […]

TEHRAN- The second platform of Iran’s South Pars gas field’s phase 22-24 of development was installed on its designated offshore spot on Thursday, Public Relations Department of Pars Oil and Gas Company, which is in charge of developing the gas field, announced. IRAN NEWS ECONOMIC DESK While starting operation, platform 24A is planned to produce […]