Thursday, 8 January , 2026
Petchem exports hit $9.7bn in 10 months 13 Feb 2019

Petchem exports hit $9.7bn in 10 months

 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 […]

CBI governor defends joining FATF, warns of consequences otherwise 13 Feb 2019

CBI governor defends joining FATF, warns of consequences otherwise

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 […]

5th round of oil sale on IRENEX due on Feb. 18 13 Feb 2019

5th round of oil sale on IRENEX due on Feb. 18

 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 […]

IKCO to offer Dena models in Ukraine through Azerbaijan operations 13 Feb 2019

IKCO to offer Dena models in Ukraine through Azerbaijan operations

 Iran’s largest car manufacturer Iran Khodro Company (IKCO) is planning to offer its Dena model, co-produced by Azerbaijan, in the Ukrainian market, a senior official at the company said. Head of IKCO operations in Asia, Europe, America and Commonwealth of Independent States, Sabina Nobari, said the company is set to export its Dena vehicles to […]

NIORDC to launch integrated distribution management system for oil products 13 Feb 2019

NIORDC to launch integrated distribution management system for oil products

The National Iranian Oil Products Refining and Distribution Company (NIORDC) is planning to launch an integrated system for distribution management of petroleum products. Speaking to Shana, Shahram Rezaie, the director of planning at NIORDC, said the system was one of the company’s megaprojects which would come on-stream within the next two years. He said nearly […]

41st Spring, Explosion of Turnout 12 Feb 2019

41st Spring, Explosion of Turnout

41st Spring, Explosion of Turnout By: Hamid Reza Naghashian All economic plots of enemies of the Islamic Revolution with February 11 massive rallies were thwarted. Although President Hassan Rouhani did not talk about economy in his speech during the rallies in Tehran, but he delivered a speech in the 41st spring of the Islamic Revolution […]

Truck traffic facilitated at Iran-Turkey border 12 Feb 2019

Truck traffic facilitated at Iran-Turkey border

 Officials of Iran’s Bazargan Customs and Turkey’s Gürbulak Customs agreed to facilitate truck traffic across the border between the two countries, with over 450 trucks on a daily basis. For this purpose, a joint meeting was held at the venue of Bazargan Customs on Feb. 12 between officials of the two countries in the presence […]

Major steelmakers export over 4.7mn tons in 10 months 12 Feb 2019

Major steelmakers export over 4.7mn tons in 10 months

 Iran’s major steelmakers exported more than 4.715 million tons in the 10 months of the current Iranian calendar (March 21 – Jan. 21), so that Khuzestan province accounts for about 39 percent of country’s total steel production share. According to the statistical tables of large steelmaking companies [including Khuzestan Steel Co. (KSC) and Esfahan’s Mobarakeh […]

Iran, India to celebrate ‘Chabahar Day’ to showcase business potential 12 Feb 2019

Iran, India to celebrate ‘Chabahar Day’ to showcase business potential

India and Iran will celebrate ‘Chabahar Day’ on February 26 at a mega event in Iran’s strategically located port, which is operated by India. A senior Indian official will lead a high-ranking delegation comprising business delegates, among others, at the day-long event, which will also see the participation of Afghanistan, Central Asia and Russia. Iran will […]

Top Banker: Iran, Iraq to Use Euro, Dinar in Oil Trade 07 Feb 2019

Top Banker: Iran, Iraq to Use Euro, Dinar in Oil Trade

The governor of the Central Bank of Iran unveiled plans for using non-dollar accounts for oil and gas trade with Iraq. Abdolnaser Hemmati on Wednesday held a meeting with presidents of Iraqi banks, members of Iraq’s chamber of commerce and the Arab country’s business people during a trip to Baghdad. In the gathering, the top […]