Iran’s annual crude steel production increased 22 percent in 2017, while the world’s production improved by six percent in the said time, Iranian Industry Minister Mohammad Shariatmadari announced on Tuesday. “Iran produces 34 million tons of steel per year and is aimed at producing 55 million tons of the product by 2025,” he said, “To […]

TEHRAN- National Iranian Gas Company (NIGC) has been supplying the power plants in the country with 285 million cubic meters (mcm) of gas per day since the beginning of summer, Mehdi Jamshidi Dana, the dispatching director in NIGC, announced. The official said that this amount of gas meets the whole need of power plants for […]

An independent Chinese refiner has suspended crude oil purchases from the United States and has now turned to Iran as one of its sources of crude, media reports, citing an official from the refiner, Dongming Petrochemical Group. What’s more, the source said that Beijing is planning to slap tariffs on US crude oil imports and […]

  Citing a “realignment of its portfolio”, the Austrian Airlines has announced changes in its route network and flight schedule. The Iranian cities of Isfahan and Shiraz will no longer be represented in the Austrian Airlines flight offering as of September 2018, Aviation Tribune reported. The traditional flight to the Iranian capital of Teheran will, […]

Boosting economic ties with neighboring countries is among main priorities of Iran’s Foreign Ministry, said Iran’s deputy FM for economic diplomacy. Gholamreza Ansari made the remarks on Monday during his visit to Astara, Northern Gilan province. Describing the level of relations between Islamic Republic of Iran and Azerbaijan as “good”, he said that the two […]

 Head of Iranian Fisheries Organization Hassan Salehi said that Iran is ranked first to fifth in raising some species of aquatic animals. Islamic Republic of Iran produced 1,150,000 tons of various species of aquatic animals in the past year (ended March 20, 2018), showing a considerable 10 percent growth as compared to a year earlier, […]

TEHRAN- Car manufacturing in Iran rose 9.4 percent during the three-month period from the beginning of current Iranian calendar year (March 21) compared to the same time span in the past year, IRIB reported. Iranian carmakers manufactured 336,699 vehicles during the first quarter of this year, while the figure was 307,666 in the same period […]

Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari arrived in Turkey’s capital Ankara on Monday to attend the presidential oath ceremony of Recep Tayyip Erdogan. Shariatmadari will be Islamic Republic of Iran’s representative in the ceremony where dozens of foreign leaders and dignitaries will also be present including Russian Prime Minister Dmitry Medvedev, Venezuelan […]

German authorities are considering a request by Iran to withdraw 300 million euros from bank accounts held in Germany and transfer the cash to Iran, Reuters quoted German newspaper Bild on Monday. According to Reuters citing unnamed government officials reported by Bild newspaper, Iran is seeking withdraw the funds from the Europaeisch-Iranische Handelsbank AG (eihbank) […]

Director of Amirabad Port Special Economic Zone Siyavash Rezvani said that diversity of export of 15 products in this port increased export volume of Iranian goods from this port based in the Caspian Sea up by 35 percent. Speaking on the sidelines of International Hydrographic Conference, he said, “over 400,000 tons of Iranian products [including […]