New petrochemical plant to be built in western Iran
A new petrochemical plant with the production capacity of 48,000 tons per year will be established in Sonqor County, western Iranian province of Kermanshah, a lawmaker said Monday.
Iran’s steel output at 7.1% growth in Q3: WSA report
In its latest report, World Steel Association (WSA) put Iran’s steel production volume at a 7.1% growth in the first three months of 2019 compared to the last year’s corresponding period, registering the highest production rate among other countries.
‘Iran ready to establish joint Free Zone with Iraq’
Arvand Free Zone Organization is ready to form a joint free zone with Iraq following the recent visit of Iranian president to the neighboring country, said the director of Arvand Free Zone Organization on Tuesday.
Norway seeks enhanced economic coop. with Iran: deputy FM
Norway hopes the new financial mechanisms, such as INSTEX, will help further boost the level of cooperation between Tehran and Oslo in various economic fields, the Norwegian deputy foreign minister said on Monday.
Iranian official warns of oil going above $100
Chairman of Majlis (Parliament) Energy Commission, Fereydoun Hasanvand warned that oil prices are going to surge above $100 per barrel following the U.S. decision to end the waivers.
Iran-Turkey’s 30-Billion-Dollar Trade Balance Is Possible
TEHRAN – Iran’s Road and Urban Development Minister Mohammad Eslami says there is a strong determination among leaders of Iran and Turkey which can materialize the annual 30-biilon-dollar trade balance between both countries by boosting cooperation in the transport sector.
Cuban Companies Not Afraid to Work With Iran
TEHRAN - Cuban Ambassador to Iran Alexis Bandrich Vega has announced that Iranian companies and Cuban companies are not afraid to work with each other, because there are many sanctions imposed against both countries and both countries are resisting.
Iran’s winning cards in facing US sanctions
Surrounded by fifteen neighboring countries through land and sea, Iran enjoys a very strategic geopolitical and economic position in the Middle East.
Iran, Turkey railway officials hold bilateral meeting in Tehran
Railway officials of Iran and Turkey held a bilateral meeting at the place of the Railways of the Islamic Republic of Iran (RAI) on Sunday with the participation of RAI Head Saied Rasouli and Head of Turkish state railway Ali İhsan Uygun.
Over $547m worth of commodities traded at IME in a week
During weekdays ending up to April 25, approximately, 351,034 million tons (MT) of commodities worth over $547.6 million were traded on Iran Mercantile Exchange (IME).