Tehran, Bern developing payment channel to bypass US sanctions
A special financial mechanism aimed at maintaining trade ties between Switzerland and Iran is ready for implementation, according to Sharif Nezam-Mafi, the head of the Iran-Switzerland joint chamber of commerce. He told IRNA that the clearing house will be used to facilitate Iran’s oil transactions with its major Asian crude customers – namely India, China […]
AzerMash-IKCO to launch mass production of ‘Khazar Peugeot’ in mid-Feb
Emin Akhundov, chairman of the Board of AzerMash, said the Iranian and Azerbaijani joint car factory (AzerMash-IKCO) will start producing Peugeot in Neftchala Industrial Park, Baku, in mid-February. The new cars, called ‘Khazar’, will be equipped with an automatic transmission, he added. AzerMash-IKCO, annual manufacturing capacity of which is 10,000 cars, will manufacture 6,000 cars […]
NIOC to issue fixed rate bonds to finance projects
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 […]
NIOC subsidiaries sign 9 maintenance, EOR deals with domestic firms
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
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
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 […]
Ex-Envoy Urges Diversification of Iran Oil Customers
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
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
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
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 […]










































