TEHRAN – French automaker Renault is going to expand activities in Iran, boosting its total investments in the country to €800 million, IRNA reported quoting the company’s director for MENA region. Speaking at the 5th edition of Iran’s Automotive Industry International Conference in Tehran on Tuesday, Pascal Felten noted that with the new round of […]

TEHRAN- Iran owns 229 container ships, which contributes to 1.1 percent of the global capacity, but containerization is in dire need of attracting investments, Mohammad Rastad, head of Iran’s Ports and Maritime Organization (IPO), stated. Making the remarks in the 25th Conference of Coordinating Marine Organizations of Iran on Tuesday, the official said: “Some 145 […]

TEHRAN- According to OPEC’s latest monthly report published on February 12, Iran’s heavy oil price reached $65.85 in January, an increase of $4.98 or 8.2 percent from $60.87 in December. Based on the data presented, the country’s average heavy crude price stood at $51.90 in 2017. The report also put Iran’s oil production, based on […]

Farzad Piltan an official in charge of Trade Promotion Organization of Iran (TPOI) revealed the outset of purchasing process of Qatari rials from Iranian exporters of goods and services and said, “with the necessary follow up made in this regard on solving problems facing exporters of goods and services to neighboring Qatar, process of transferring […]

 Iran’s Consul General in Quetta, Pakistan says that Iran and Pakistan aim to increase bilateral trade from current volume $1.5 to $5 billion. Mohammad Rafiee Consul General of the Islamic Republic of Iran in Quetta, Pakistan made the remarks in a ceremony to celebrate the 39th anniversary of the victory of Iran’s Islamic Revolution in […]

Iranian energy minister says that Iran is after reaching European buyers through linking to neighboring grids as the national power grid has expanded and Iran is negotiating with neighboring countries. “We are after using the opportunity to connect our power grid to the electricity grid of Europe through some of our neighbors,” said Reza Ardekanian, […]

During the meeting of the Head of Iran’s Environment Protection Department Isa Kalantari and German Ambassador to Tehran Michael Klor Berchtold vowed for expansion of bilateral cooperation in environmental areas. “We are facing a lot of environmental problems. Especially in the area of water, our country is faced with numerous problems and to tackle these […]

An Austrian delegation says it is ready to invest in mountain tourism and ski resorts in Iran. The Austrian commercial counselor and an Austrian investment delegation met with Iran’s Cultural Heritage, Handicrafts and Tourism Organization’s Deputy for Investment and Planning Saeed Ohadi and managers of some of the Iranian sports complex and ski resorts in […]

TEHRAN- Iran produced 44.202 million tons of petrochemical products during the ten-month period ended on January 20, 2018, Shana news agency reported on Monday citing the data announced by National Petrochemical Company (NPC). Production units in Assalouyeh and Mahshahr petrochemical zones, both in southwest of Iran, accounted for 18.687 million tons and 16.254 million tons […]

Head of Iran-China Friendship Parliamentary Group, Alaeddin Boroujerdi, said Chinese officials have voiced their full support for JCPOA and readiness to invest in Iran in opposition to US undermining efforts. The Chairman of Iran’s Parliament National Security and Foreign Policy Commission, Alaeddin Boroujerdi, who also chairs Iran-China Friendship Parliamentary Group, referred to his recent three-day […]