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 […]

Spokesman for the governor of Farah province Nasser Mehri on Wed. revealed the reopening of Farahi border with the Islamic Republic of Iran soon. Afghanistan’s Abu Nasr Farahi border in Farah province will be reopened in coming days. It is for about one month that Abu Nasr Farahi border in Afghanistan has been blocked at […]

 Statistics of the National Petrochemical Company (NPC) showed that more than 17 million tons of petrochemicals, valued at over $9.739 billion, were exported from the country in 10 months of the current Iranian year (March 21 – Jan. 21). Production volume of petrochemical complexes from March 21, 2018 to Jan. 21, 2019 hit 44.8 million […]

 The National Iranian Oil Company (NIOC) has announced the fifth round of oil sale on Iran Energy Exchange (IRENEX) will be launched on February 18. According to a notice published on Wednesday, the fifth round of crude sale will be conducted with terms and conditions similar to that of the previous round. NIOC will offer […]

 Statistics of the National Petrochemical Company (NPC) showed that more than 17 million tons of petrochemicals, valued at over $9.739 billion, were exported from the country in 10 months of the current Iranian year (March 21 – Jan. 21). Production volume of petrochemical complexes from March 21, 2018 to Jan. 21, 2019 hit 44.8 million […]

Governor of the Central Bank of Iran, Abdolnaser Hemmati, said Wednesday that joining the Financial Action Task Force (FATF) would be beneficial to Iran. Speaking to reporters on the sidelines of a cabinet meeting on Wednesday, Governor of the Central Bank of Iran, Abdolnaser Hemmati, said “joining the FATF will benefit us. All other countries […]