TEHRAN- Iran’s Industrial Development and Renovation Organization (IDRO) and Australia’s Avass Group signed a memorandum of understanding (MOU) for the joint manufacturing of electric cars and motorcycles in Iran, the website of IDRO reported. Based on the NOU which was signed in Tehran on Monday the Australian side will transfer related technology to Iran and […]

TEHRAN – With New Delhi exploring different available options to maintain its bilateral ties with Iran in the face of draconian U.S. sanctions, a London-based international law firm has said that Iran’s major energy consumers like India and China have given expressed inclination to find a way to go around the American sanctions and keep […]

 Spokesperson for the Energy Commission said Tue. that all equipment and investment by Total in developing Iran’s South Pars project will remain in the country despite the French energy giant’s exit. Asadollah Gharehkhani, Spokesperson for the Energy Commission at Iran’s Parliament, said Total terminated a contract to develop Phase 11 of Iran’s South Pars energy […]

 Islamic Republic of Iran will mend and drill Iraqi oil wells in Basra and Zubayr regions. A Memorandum of Understanding (MoU) was inked between National Iranian Drilling Company (NIDC) and Iraqi Osool Al Ayan Company with the aim of drilling and repairing oil wells in Iraq’s southern regions of Basra and Zubayr. Deputy CEO of […]

 Iranian mining sector is expecting new projects to be completed by the end of March 2019 with an investment tally of $5.5 billion. According to what Iranian ministry of industry, mine and trade has announced since March 2018 IMIDRO (Iranian Mines and Mining Industries Development and Renovation Organization) and Iranian private-owned companies have opened three […]

TEHRAN – Some 3,650 agriculture projects worth 19 trillion rials (nearly $450 million) are going to be inaugurated across the country during the Government Week (August 24-30), IRIB reported on Sunday, citing the portal of the Ministry of Agriculture. The projects cover a variety of areas including water, soil and infrastructure, livestock and poultry, complementary […]

Abdul Basir Salangi, the provincial Governor of Farah Province of Afghanistan, says that the transfer and transit of goods to Afghanistan through Iran should be eased and facilitated. Abdul Basir Salangi, Governor of Farah province in Afghanistan, called for examining and removing the barriers impeding the transfer of goods to Afghanistan. The Afghan official made the […]

 Iran’s Energy Minister Reza Ardakanian inaugurated a 61.4-megawatt (MW) wind farm in town of Tarom in Qazvin province on Sunday. Concurrent with the Iranian Government Week, Reza Ardakanian visited Tarom on Sunday and officially opened the largest wind farm in Iran, with a capacity of 61.4 MW covering 170000 square kilometers of the region. Iran […]

Ambassador of the Republic of Korea to Iran said that his country will continue buying Iran’s oil based on prior agreements. Ryu Jeong-Hyun said that despite US withdrawal from Joint Comprehensive Plan of Action (JCPOA), Republic of Korea keeps on buying oil from Islamic Republic of Iran. He made the remarks in a Sunday meeting […]

TEHRAN – Three individuals on Sunday stood trial on charges of disrupting Iran’s economy. These three had received government-subsidized foreign currency for importing goods, but sold the goods at unjustifiably high prices. Last Monday, Judiciary chief Ayatollah Sadeq Amoli Larijani said that 120 individuals were in custody as part of the Judiciary’s fight against corruption. […]