Thursday, 3 July , 2025
IRENEX to offer light crude at $67.28 18 May 2019

IRENEX to offer light crude at $67.28

The representative of Iran’s National Iranian Oil Company (NIOC) announced on Saturday that light crude oil is to be offered at Iran Energy Exchange (IRENEX) at the base price of $67.28 in the next round of oil auction.

Big thermal power plant planned in Tehran province 18 May 2019

Big thermal power plant planned in Tehran province

Plans are on the agenda to build a 1,000-megawatt thermal power plant in Pishva Country, southern Tehran, in a bid to meet the increasing demand for electricity in the sprawling capital.

‘Exporters re-inject 60% of their foreign currency earnings into economy’ 18 May 2019

‘Exporters re-inject 60% of their foreign currency earnings into economy’

The governor of the Central Bank of Iran (CBI) said so far the country’s exporters have re-injected 60 percent of their total exports revenues in the form of foreign currency into the country’s financial system, IRNA reported on Friday.

Iran delivers 130,000t of fuel oil to China 18 May 2019

Iran delivers 130,000t of fuel oil to China

A tanker carrying Iranian fuel oil unloaded the nearly 130,000-ton cargo into storage tanks near the Chinese city of Zhoushan, Reuters reported on Thursday citing ship tracking data on Refinitiv Eikon.

Tehran, Damascus discuss expansion of economic ties 18 May 2019

Tehran, Damascus discuss expansion of economic ties

Hassan Danaeifar, the advisor to Iran’s first vice president and also the chairman of the Iranian committee on development of economic relations with Syria and Iraq, and Atef Nadaf, the Syrian minister of interior trade and consumer protection, met in Damascus to explore the ways for expanding and strengthening economic ties between Iran and Syria.

Exports capacity at $700mn for home appliances this year: Official 15 May 2019

Exports capacity at $700mn for home appliances this year: Official

"Iran has the capacity to export $700 million of home appliance by the current Iranian calendar year 1398 (March 20, 2020)," director general of Metal Products and Home Appliances Department of Industry Ministry announced on Wednesday.

Tehran handicrafts exports exceed $84 million 15 May 2019

Tehran handicrafts exports exceed $84 million

A total of $84.12 million worth of handicrafts were exported from Tehran province during the last fiscal year (ended on March 20), a deputy at Tehran’s Cultural Heritage, Handicraft and Tourism Directorate said.

Lengeh Port throughput hikes 15 May 2019

Lengeh Port throughput hikes

During the first month of the current Iranian year (March 21- April 20), Iran's Lengeh Port and its subsidiaries in the western part of Hormozgan province handled a total of 1.268 million tons of oil and non-oil products, showing a 71% increase compared to the same period last year.

Plans under way to complete petchem value chain in Asaluyeh 15 May 2019

Plans under way to complete petchem value chain in Asaluyeh

An official with the National Petrochemical Company (NPC) said the company viewed completion of the value chain in Asaluyeh, south Iran, as a strategy.

Mogherini hopes Iran-EU financial channel to become operational in next few weeks 14 May 2019

Mogherini hopes Iran-EU financial channel to become operational in next few weeks

European Union (EU) Foreign Policy Chief Federica Mogherini hoped that financial channel between Iran and EU dubbed “INSTEX” would become operational in the next few weeks.