Chief Executive of Iran Khodro Industrial Group (IKCO) Hashem Yekehzare denied any talk with Italy’s FIAT Automobiles and said that France’s PSA has not yet announced its exit from Iran’s lucrative car market officially. In response to a question on the details of talks between Italy’s FIAT automobiles and Iran’s leading car manufacturing company ‘IKCO’, […]

Iran exported more than 2,28 million barrels of crude oil per day and more than 330,000 barrels of gas condensate in June. According to the statistics for June, 2018, Iran exported more crude oil this year compared to the same period last year. The country exported 2.11 million bpd last June, indicating more than 150,000 […]

 Ministry of Industry, Mine and Trade reported that 18.8 million tons of non-oil goods, valued at $7.7 billion, were exported from the country in the first two months of the current Iranian calendar year in 1397 (March 21-May 21), showing a considerable 4.8 and 21.9 percent growth in terms of weight and value respectively as […]

In a letter, Iran’s oil minister has called on the OPEC to prevent some members from increasing their oil output without seeking consensus with other members. According to Iranian Oil Ministry website SHANA, the Oil Minister Bijan Zangeneh sent a correspondence to OPEC President HE Suhail Mohamed Al Mazrouei, Minister of Energy & Industry of […]

“Our main target in the field of production is reducing the end price of products in the current year, which is the year of Support for Iranian Products”, Iranian Industry, Mining and Trade Minister Mohammad Shariatmadari announced in a press conference on Saturday. Improving the quality of products is also of great importance in this […]

 Technical and Infrastructural Deputy CEO of the Islamic Republic of Iran Railways Mazyar Yazdani said that Garmsar-Incheh Borun Railway project will be electrified using Russian finance at €1.2 billion. Garmsar-Incheh Borun Railway project will be electrified in a period of four years, he maintained. The inaugural ceremony for launching electrification of Garmsar-Incheh Borun Railway project […]

In reaction to Donald Trump’s tweet yesterday, Iran’s OPEC governor, Hossein Kazempour Ardebili said that Saudi Arabia cannot add 2mn bpd to the oil market. “Putting aside the fact that Saudi Arabia has no such capacity to bolster its crude output, this demand [by Trump] could be inferred as an order for the kingdom to […]

TEHRAN – Five polluting industries will be moved out of Tehran, director general of Samandehi Company affiliated with Tehran Municipality which is tasked with organizing businesses and industries in the capital has said. Some 20 polluting industries have already been transferred to the outskirts of Tehran, while five polluting industries are still operating in the […]

Customs talks took place between Iran and South Korea in Belgian capital Brussels for facilitating bilateral trade and business activities. During the meeting, customs officials of Iran and South Korea exchanged their views with regard to matters of mutual concerns and the removal of obstacles facing bilateral customs. In the same direction, President of the Islamic […]

 Iranian industry minister said Sat. that Iranian President Hassan Rouhani will discuss promised EU package to keep the JCPOA alive during his upcoming visit to Switzerland and Austria. “At a National Security Council meeting a few days ago, a number of issues were brought up, including big American companies’ concerns over US way of dealing […]