The 3rd edition of Tehran International Exhibition of Automobile and Related Industries (Tehran Auto Show) became operational at Shahr-e-Aftab International Exhibition Center on Monday, IRIB reported. The exhibition aims to introduce Iranian Auto industry’s capabilities in various fields including domestic production, spare parts and related industries. In addition to the main exhibition, this year’s event […]

Japan’s JXTG Holdings intends to resume loading oil from Iran at the end of January, while Cosmo Oil aims to load around 1.8 million barrels of Iranian crude at the end of this month upon making final clearance, the presidents of the companies told S&P Global Platts Monday. “We hope to resume [Iranian oil imports] […]

 Iran’s Chaharmahal and Bakhtiari Province Automotive Sheet Making Company (CBASCO) has exported its first shipment of galvanized sheets to Europe, a senior official at the Ministry of Industry, Mine and Trade said. According to Naeim Imami, chairman of the Industry, Mine and Trade Organization of Chaharmahal and Bakhtiari province, the company exported 9,135 tons of […]

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said on Mon. that removing four zeros off national currency ‘rial’ will take about two years. The proposed bill for lopping four zeros off rial requires approval of both the government and the Parliament, he said, adding, “economic experts estimate that launching this task will take […]

 The Central Bank of Iran (CBI) submitted the draft of a bill to slash four zeroes from the national currency, rial, to the cabinet, Tasnim news agency quoted the governor of the CBI as saying on Sunday. “The government submitted the bill on crossing out four zeroes of the national currency to the parliament on […]

Australian Ambassador to the Islamic Republic of Iran Ian Biggs said that the two countries of Iran and Australia have a great deal of capacities and potentials for increasing bilateral cooperation. In his visit to Hormozgan province this morning, the ambassador reiterated that this southern province enjoys high capacities for accelerating joint cooperation between Iran and […]

Governor of the Central Bank of Iran said Sat. that the foreign currency generated from oil revenues will be allocated to the import of necessity and strategic goods. Abdolnaser Hemmati, Governor of the Central Bank of Iran, said in a meeting with the board of governors and members of Iran Chamber of Commerce on Saturday […]

Managing director of the National Iranian Drilling Company (NIDC) said some of the company’s new projects are going to go operational in near future, Shana reported on Saturday. According to Abdollah Mousavi, NIDC has drawn its roadmap based on active participation in domestic tenders for development of oilfields, especially in projects related to joint fields […]

 The CEO of the National Petrochemical Company (NPC) said the sanctions and the current economic pressure on Iran could not throw a wrench in the productivity of petrochemical plants in the country. Speaking to Shana on Saturday, Behzad Mohammadi said the current international conditions have not and will not impose restrictions to the petrochemical industry, […]

 Iran’s major steel producers produced 16.64 million tons of crude steel during the eight-month period from March 21 to November 21, 2018, with 18 percent growth from the figure of the same period of time in the past year, IRNA reported on Saturday. These producers produced 14.169 million tons of crude steel during the eight-month […]