TEHRAN- Norway’s ORG Company’s result of studies on four blocks in the Caspian Sea is promising for extraction of oil and gas reserves, according to Gholamreza Manouchehri, the deputy for development and engineering at the National Iranian Oil Company (NIOC). ORG submitted the result of its studies related to Sardar Jangal and three other exploration […]

TEHRAN- The value of Iran’s car imports during the first Iranian calendar month Farvardin (March 21-April 20) fell 77 percent compared to the same month of the past year, IRNA reported on Sunday citing the data released by the Islamic Republic of Iran Customs Administration (IRICA). Iran imported 1,034 cars worth $23.651 million in the […]

TEHRAN- Iran exported over 22.41 million tons of petrochemical products worth more than $12 billion in the past Iranian calendar year (ended on March 20), IRIB news reported citing the data released by National Petrochemical Company (NPC). Exports from Assalouyeh and Mahshahr petrochemical zones, both in southwest of the country, stood at 11.423 million tons […]

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the first Iranian calendar month Farvardin (March 21-April 20) stood at 8.1 percent. The figure shows 0.1 percent fall from 8.2 percent rate of inflation in the preceding month, IRNA reported. All sectors of the Iranian economy registered positive growth in 2017, during […]

 Islamic Republic of Iran Customs Administration (IRICA) in its latest report announced the considerable 73 percent slump of car import in the first month of the current Iranian calendar year in 1396 (from March 21 to April 22). IRICA put the cars imported into the country in the same period at 1,034, showing a considerable […]

TEHRAN- In a meeting with the senior officials on Saturday, Iranian President Hassan Rouhani called on Oil Minister Bijan Namdar Zanganeh to expedite the trend of gas supplying to the country’s power plants. Following the president’s remarks, Saeid Mo’meni, the director for gas supplying in the National Iranian Gas Company (NIGC), said there are 84 […]

TEHRAN – Foreign investors will soon start their activities in Iran’s medical equipment industry, said an advisor to the Iranian health minister. Among foreign investments, Reza Masa’eli specifically referred to Brazil and Japan, hoping for joint manufacturing of medical equipment with these countries in the near future, Nasimonline reported on Friday. Some distinguished companies which […]

TEHRAN- Production units in indusial parks exported $2.18 billion of goods during the last Iranian calendar year (ended March 20, 2018), IRNA quoted Iranian deputy industry minister as saying on Saturday. According to Sadeq Najafi, the figure is projected to reach $4 billion by the end of the present year (March 20, 2019). There are […]

TEHRAN- Head of Iran’s Industrial Development and Renovation Organization (IDRO) announced that within the next four years the organization will create 30,000 jobs using 500 trillion rials (about $11.9 billion) of investments, Shata news reported on Friday. According to Mansour Moazzami, presently, IDRO has 32 projects underway in new industries, 9 in oil, gas, and […]

TEHRAN- Iran is seeking new target markets for the export of its liquefied petroleum gas (LPG), according to Iranian Gas Commercial Company (IGCC) Managing Director Mohammad-Ali Barati. Barati said the production and exports of LPG from some development phases of South Pars gas field (which Iran shares with Qatar in the Persian Gulf) has experienced […]