TEHRAN- National Iranian Drilling Company (NIDC) dug and completed digging operation of eight oil and gas wells during the two weeks from the beginning of current Iranian calendar year (March 21), according to an official with the NIDC. Nasser Qolipour, the director for consolidated planning in NIDC, said some 7,900 meters of digging has been […]

TERHAN- Federation of Iranian Food Association and Central Union of Turkish Agricultural Credit Cooperative signed a cooperation agreement at the place of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) on Saturday, IRNA reported. According to the penned agreement, the two sides plan to utilize their full capacities to produce healthy and quality food […]

TEHRAN- A top official from Iran Small Industries and Industrial Parks Organization (ISIPO) announced that domestic small and medium-sized enterprises (SME) could export 2.3 billion of goods during the previous Iranian calendar year 1396 (ended March 20, 2018), IRNA reported on Saturday. “In 1396, some 2,575 industrial units were inaugurated employing 39,622 people and using […]

Manager of 9th refinery of South Pars Gas Field Seyyed Mohammad Mehdi Hashemi said that gas production volume in this refinery (phase 12 of South Pars) increased 21 percent in the second half of the last year (from Sept. 22, 2017 to March 20, 2018) as compared to the first half of the same period. […]

Seyyed Mohammad Reza Mortazavi, the President of the Confederation of Iranian Food Industry Associations and Fahrettin Poyraz, the Head of the Turkish Central Union of Agricultural Credit Cooperatives signed a food agreement between Iran and Turkey on Sat. “Iran and Turkey, as two big states in economy which are ranked under 20 in GDP in […]

According to the informed sources, Indian state refineries are planning to double oil imports from the Islamic Republic of Iran in 2018. “Iran is pushing to retain its oil customer in Asia, offering better terms and conditions than other Middle Eastern suppliers including Saudi Arabia, even as the threat looms of potential further US sanctions […]

Transportation development is one of the most significant necessities for economic growth and improvement of public welfare. Promotion of transportation also provides some valuable transit opportunities for a country to elevate its international status. Limited governmental resources has prompted the countries to benefit from the capabilities of private sector for development of transportation. And in […]

 The 10-percent growth in Iran and Singapore trade ties during March 21-November 21, 2017 shows that both governments are concentrated on expanding trade and economic relations. In this period, trade between the two countries reached $487 million. This is evidently to restore bilateral trade relations to the level prior to the intensification of cruel Western […]

Turkmenistan energy minister assured that problem facing second line of power transmission between the two countries of Iran and Turkmenistan will be resolved in the shortest time possible. In a joint meeting with Turkmenistan Energy Minister Charimirat Purchekov, Iranian Minister of Energy Reza Ardakanian, who has travelled to Turkmenistan capital Ashgabat in order to follow […]

Bonyad Huseynov, the Azerbaijan Republic Ambassador to Tehran, said that the transit corridor passing through Iran is most economic transit rout in the region time-wise and cost-wise. “The transit route through Iran is more effective than other routes 60 percent time-wise and 40 percent cost-wise,” said Azerbaijan Republic Ambassador to Tehran Bonyad Huseynov on Thursday […]