Australian Ambassador to the Islamic Republic of Iran Ian Biggs said that the two countries of Iran and Australia have a great deal of capacities and potentials for increasing bilateral cooperation. In his visit to Hormozgan province this morning, the ambassador reiterated that this southern province enjoys high capacities for accelerating joint cooperation between Iran and […]

Governor of the Central Bank of Iran said Sat. that the foreign currency generated from oil revenues will be allocated to the import of necessity and strategic goods. Abdolnaser Hemmati, Governor of the Central Bank of Iran, said in a meeting with the board of governors and members of Iran Chamber of Commerce on Saturday […]

Managing director of the National Iranian Drilling Company (NIDC) said some of the company’s new projects are going to go operational in near future, Shana reported on Saturday. According to Abdollah Mousavi, NIDC has drawn its roadmap based on active participation in domestic tenders for development of oilfields, especially in projects related to joint fields […]

 The CEO of the National Petrochemical Company (NPC) said the sanctions and the current economic pressure on Iran could not throw a wrench in the productivity of petrochemical plants in the country. Speaking to Shana on Saturday, Behzad Mohammadi said the current international conditions have not and will not impose restrictions to the petrochemical industry, […]

 Iran’s major steel producers produced 16.64 million tons of crude steel during the eight-month period from March 21 to November 21, 2018, with 18 percent growth from the figure of the same period of time in the past year, IRNA reported on Saturday. These producers produced 14.169 million tons of crude steel during the eight-month […]

Despite US reimposition of sanctions on Iran, trade balance in the country in the nine months of the current Iranian calendar year (March 21 – Dec. 21) turned positive. Iranian Minister of Economic Affairs and Finance Farhad Dejpasand made the remark in a meeting with Ayatollah Sobhani, a prominent Marja in Iran, and said, “with the coordination made in this […]

Iran exported 15.485 million tons of non-oil commodities worth $6.929 billion to Iraq during the past nine months (March 21- Dec. 21), keeping the Arab country its top export destination for several consecutive months. According to the data released by the Islamic Republic of Iran Customs Administration, the figure accounts for 17.81% of the volume […]

 Iran has the potential to double the current bulk of its electricity exports to neighboring countries, CEO of Tavanir Company said Saturday. CEO of Tavanir Co., in charge of development of electric power generation, said Saturday that the bulk of electricity that Iran currently exports to other countries is too little compared to the generated volume, […]

Iran is set to build its largest-ever solar farm with a capacity as much as 1,000 megawatts in Markazi province, central Iran, a senior official said. Saeed Farrokhi, Markazi province’s deputy governor for economic affairs, said the photovoltaic power plant will be constructed over a 2,000-hectares area near the city of Saveh, turning it into […]

 “The Central Bank of Iran (CBI) has neither overlooked nor postponed reformation of banking system during the past recent months,” the central bank’s governor Abdolnasser Hemmati announced underscoring that the bank has always had modification of banking system on its agenda. “During the past three months [since the appointment of Hemmati as CBI governor], all […]