A senior energy official said the government is planning to launch 18 GTX units to convert natural gas to propylene in Chabahar and Qeshm regions in a bid to increase the share of petrochemical products in the country’s value-added chain. Speaking to Shana, Ali Mohammad Bossaghzadeh, the director in charge of projects at the National […]

Some 233 thousand tons of bananas worth 217 million dollars have been imported to the country during the first half of the current Iranian year, experiencing a drop by 33.32% in weight and 19.30% in value compared to the same period last year. About 233,772 thousand tons of fresh or dehydrated bananas have been imported to […]

Iran’s heavy crude oil price jumped $2.09 in the week ended on October 5 to cross $80 per barrel. Iranian heavy oil prices surged to $80.86 in the mentioned week, Shana reported on Saturday. The prices experienced a $27.59 increase in comparison to the figures for last year’s same period of time. The rise in […]

 Iran’s non-oil exports to Europe during the first half of the present Iranian calendar year 1397 (March 21- September 22) increased by 112.9 percent in terms of weight and 26.33 percent in terms of value,Reported according to the latest data released by Islamic Republic of Iran Customs Administration (IRICA). During the first six months of […]

 Head of Securities and Exchange Organization (SEO) Shapour Mohammadi announced Sat. that Iran and Montenegro will set up a joint investment fund. A memorandum of understanding (MoU), which was inked between Iran and the  in 2010, came into effect during a meeting between the SEO chairman, Shapour Mohammadi, and senior political and economic authorities including deputy interior minister, […]

A trade delegation from Iran on Saturday visited Oman’s Ministry of Commerce and Industry and discussed means of enhancing Omani-Iranian relations in industrial, investment and economic fields. Leading a high-ranking delegation to Muscat, Mohsen Zarrabi, the head of Omani-Iranian Chamber of Commerce and a senior advisor to Iranian industries minister met with Omani Minister of […]

India is yet working out a payment mechanism for continued purchase of Iranian oil, Economic Affairs Secretary at the Indian Finance Ministry Subhash Chandra Garg told CNBC TV18 news channel. Indian Oil Minister Dharmendra Pradhan has conveyed that New Delhi will continue to buy Iranian oil to some extent, the official said, Reuters reported. India […]

 Iran produced 3.447 million barrels per day (bpd) of oil in September, a 150,000 bpd decrease from 3.597 million bpd in August, according to OPEC’s latest monthly report published on Thursday citing secondary sources. The OPEC’s report also put Iran’s oil output based on direct communication at 3.755 million bpd, down 51,000 bpd compared to […]

Iran’s consultant to the health and medical education minister announced that the country plans to increase its exports of medical equipment up to ten times to hit $240 million by the end of the present Iranian calendar year (March 20, 2019). Making the remarks at the inauguration ceremony of the 15th International Exhibition of Medical […]

TEHRAN (Tasnim) – Indian Oil Minister Dharmendra Pradhan said two state refiners have placed orders for importing crude oil from Iran in November, the month when US sanctions on Iranian oil purchases take effect. “Two of our oil companies have made nominations to purchase Iranian oil in November,” Pradhan said on Monday, the Economic Times […]