TEHRAN- Iranian deputy industry minister announced that 740 trillion rials (about $17.619 billion) of loans will be paid to the production units in the country in the current Iranian calendar year (March 2018-March 2019), IRNA reported. Sadeq Najafi, who is also the head of Iran Small Industries and Industrial Parks Organization, said some part of […]

The largest blood bag manufacturing company of Middle East was inaugurated on Monday in Payam Special Economic Zone, Alborz Province. This great company is one of the results of the JCPOA, ISNA quoted Iranian Health Minister Hassan Qazizadeh Hashemi as saying in the inauguration ceremony. Describing economy as the necessary tool for reaching independence and […]

TEHRAN- According to OPEC’s latest monthly report published on May 14, Iran’s oil production, based on secondary sources, stood at 3.823 million barrels per day (bpd) in April, rising 10,000 bpd from that of March. The country produced 3.813 million barrels per day of crude oil in March, the report read. The OPEC’s report also […]

TEHRAN- Iranian carmakers manufactured 900,000 vehicles during the first seven months of the current Iranian calendar year (March 21-October 22), Deputy Industry Minister Mohsen Salehinia announced. The official said achieving this output the country’s target for seven-month car manufacturing came true by 94 percent, Shata news agency reported. Iran manufactured 1.3 million cars in the […]

TEHRAN- The sixth meeting of Iran-Qatar Joint Economic Committee is being held in Qatar’s capital Doha, IRNA reported on Sunday. A 70-memebr delegation of Iranian traders and businessmen headed by Deputy Industry, Mining and Trade Minister Mohammadreza Fayyaz arrived in Doha on Sunday to attend the two-day meeting. The previous meeting of the joint economic […]

TEHRAN- Iran will increase its gas exports to Iraq’s capital city of Baghdad to 14 million cubic meters per day (mcm/d) since June, one year after starting gas exports to the Iraqi city, according to a director in the National Iranian Gas Company (NIGC). Behzad Babazadeh, director of international affairs of NIGC, said: “Based on […]

Iranian Oil Minister Bijan Namdar Zanganeh said that Iran does not need importing gas from neighboring Turkmenistan in the three-month period from Dec. 22 to March 21, 2019. He made the remarks in his meeting with Turkmenistan Foreign Minister Raşit Meredow, annoucning the continuation of gas swap deal with Turkmenistan via Iranian land and territory. […]

 Russia’s Sukhoi Civil Aircraft said it would continue to cooperate with Iranian airlines within the framework of interim agreements on the delivery of SSJ100R passenger aircraft, despite the re-implosion of US sanctions against Iran. “The Sukhoi Civil Aircraft will continue to work with Iranian airlines under the preliminary agreements signed at the Eurasia Air Show […]

Deputy CEO of Ports and Maritime Organization (PMO) for Maritime Affairs Hadi Haghshenas said that talks are underway to increase trade and transport between Iranian ports and Port of Baku in Azerbaijan Republic. He also noted that more efforts will be put into facilitation of transit of goods via the North-South corridor. Haghshenas pointed to […]

 After 13 years of hiatus, 6th meeting of Iran-Qatar Joint Economic Commission will be held in Doha on May 13-14. For this purpose, a delegation composed of 70 experts, businessmen and merchants in public and private sectors of the Islamic Republic of Iran, headed by Mohammad-Reza Fayyaz Deputy head of International Affairs at the Ministry of Industry, […]