The National Iranian Oil Company (NIOC) is planning to issue $712 million (Rls. 30 trillion) in fixed rate bonds by the end of the current calendar year to March 20 in order to finance projects aimed at maintaining and enhancing production capacity of oil and gas fields. Speaking on Tuesday, Reza Dehghan, deputy NIOC director […]

The subsidiaries of the National Iranian Oil Company (NIOC) signed 9 contracts with local contractors on maintaining and enhancing the production capacity of a number of Iranian oil and gas fields. The deals were signed in a ceremony attended by Oil Minister Bijan Namdar Zanganeh on Tuesday. The 9 deals cover a total of 33 maintenance […]

14,000 Kilometers of Pipeline in Lieu of 60,000 Fuel Trucks IRAN NEWS ECONOMIC DESK TEHRAN – The CEO of Iranian Oil Pipeline and Telecommunications Company (IOPTC) highlighted the major achievements in the oil transfer industry during the Islamic Revolution era. In an interview with IRIB, Mr. Abbasali Jafari Nasab pointed to the goals and field […]

MSC Celebrates Another Accolade in Innovation Festival IRAN NEWS ECONOMIC DESK TEHRAN – Mobarakeh Steel Company won another prestigious award to prove its capability in innovation and production. During the Third National Iranian Product Innovation Festival which was held at Sharif University, Mobarakeh Steel Company was awarded with golden statute and top award for its […]

A former envoy of Iran to the Organization of the Petroleum Exporting Countries (OPEC) called for efforts to diversify the oil export market and find new purchasers. Iran should not confine itself to selling crude to the eight nations that have been granted sanctions waivers by the US, Mohammad Ali Khatibi said. The former envoy to […]

119b Tomans Investment in Wastewater Facilities of Isfahan IRAN NEWS ECONOMIC DESK According to Iran News Economic group The CEO of Isfahan Province Water and Wastewater Company says that 19 projects in the wastewater sector worth 119b tomans have been operationalized due to the investments by the private sector. Eng. Hashem Amini pointed to the […]

BMI, the Crucial Arm of National Economic System IRAN NEWS ECONOMIC DESK According to Iran News Economic group Deputy Finance Minister on Banking, Insurance and State-Run Companies Affairs says Bank Melli Iran has been always an important arm for the national economic system, adding that all should work to stop overloading the burdens of the economy […]

Dey 13, Anniversary of National Steel Industry Authority IRAN NEWS ECONOMIC DESK According to Iran News Economic group Mobarakeh Steel Company celebrated its foundation anniversary and was hailed for its progress in establishing itself in the national steel industry. During a ceremony marking Dey 23 (January 13), the day Mobarakeh Steel Company was inaugurated, the […]

Khorasan Steel Co. Sets Record for Exports IRAN NEWS EXONOMIC DESK According to Iran News Economic group Khorasan Steel Complex has set a new record for exports in just ten months of the current Iranian calendar year and it is expected the figure to rise more in the upcoming two months. Manager of marketing and […]

An economic summit held Sunday in Beirut urged international donors and Arab funds to “alleviate the plight of refugees and displaced people through funding the implementation of developmental projects in Arab countries hosting them.” “This would support national development plans and contribute to limiting the economic and social repercussions resulting from this temporary hosting,” the […]