In his meeting with the governor of Central Bank of Austria, Iranian Minister of Economic Affairs and Finance (MEAF) Masoud Karbasian revealed the construction operation of several infrastructural projects in Iran with a credit line, worth €1 billion, which will be financed by Austria’s Oberbank. Karbasian, who is in Austrian capital Vienna to participate in […]

OPEC agreed on Friday to raise oil production by around 1 million barrels per day (bpd) from July for the group and its allies, an OPEC source said. The output gain is nominal. The real increase will be smaller because several countries that recently underproduced oil will struggle to return to full quotas while other […]

 French energy giant Total has yet to permanently pull out of Iran following the renewal of US sanctions, but CEO Patrick Pouyanne sounded a pessimistic note about his company’s prospects in the country. Total positioned itself to develop a portion of the world’s largest natural gas field after the 2015 Iran nuclear deal lifted punishing […]

TEHRAN- Iran exported over 16.4 million tons of petrochemical products worth $8.581 billion during the first nine months of the current Iranian calendar year (March 21-December 21, 2017), Shana reported on Wednesday citing the data announced by the National Petrochemical Company (NPC). Petrochemical production in Iran stood at over 39.9 million tons during the mentioned […]

TEHRAN- Iran’s major aluminum producers produced 91,379 tons of aluminum during the three-month period from March 21 to June 21, which shows 11 percent growth from the figure of the same period of time in the past year, IRNA reported on Tuesday. As reported, these major companies produced 30,432 tons of aluminum during the Iranian […]

The current Iranian calendar year has been named as the year of ‘support for Iranian products’ by Supreme Leader Ayatollah Ali Khamenei. ‘Supporting Iranian products’ has been always emphasized by the officials, but there should be a clear roadmap to achieve such goal. While attracting the customers is a main point, supporting products also requires […]

TEHRAN – Over 300 companies will offer their achievements and services to visitors at the 24th Iran International Exhibition of Electronics, Computer & E-commerce (ELECOMP 2018), which will be held from July 28 to 31 in Tehran. ELECOM Trends is a new section at this edition of the exhibition, ELECOMP executive director Mehdi Heydari said […]

Iranian ambassador Vahid-Kiani and Guinea’s Minister of Investments Gabriel Curtis held a meeting in Conakry on Wed. to stress expansion of trade cooperation between the two countries. During the meeting, Iranian ambassador to Conakry, Hamidreza Vahid-Kiani, voiced Iranian companies’ readiness to participate in various projects in the West African country, including construction of roads, dams, ports, […]

 Iran’s Customs Administration (IRICA) announced Wed. that during the first two months of the current Iranian year (March 21-May 21), more than $ 7.738 worth of Iranian goods were exported to the world. According to statistics released by the Islamic Republic of Iran Customs Administration (IRICA), Iran exported 19% more during the first two months […]

Iranian Minister of Oil Bijan Namdar Zanganeh said on Tuesday that tensions in the oil market are not caused by supply and demand imbalance but by political issues. He made the remarks before leaving Tehran for Vienna where he is going to attend at Organization of Petroleum Exporting Countries (OPEC) meeting. Elsewhere in his remarks, […]