TEHRAN – The capacity of waste-to-energy plants across Iran has reached 11 megawatts, the country’s Renewable Energy and Energy Efficiency Organization, known as Satba, announced on Sunday. A waste-to-energy plant is a waste management facility that combusts wastes to produce electricity. This type of power plant is also called a trash-to-energy, municipal waste incineration, energy […]

The need to provide comprehensive, timely, precise and accurate information on petroleum contracts, salaries and wages of chief executives of oil industry was emphasized in an expert-level meeting held at the venue of the Ministry of Oil. This get-together meeting was held in the presence of members of Secretariat of Commission and representatives of National […]

Liquidity in the country hit 1,463 thousand billion tomans in the Iranian month of Dey (Jan. 22), showing a considerable 16.7 percent hike as compared to the same period of last year. According to a report released by the Central Bank of Iran (CBI), share of money and quasi money hit 180,000 and 1282.9 thousand […]

TEHRAN – The 6th round of Iran-Qatar Joint Economic Committee meeting is due to be held on April 16-17, in Doha, the portal of Iran’s Trade Promotion Organization (TPO) reported. Accordingly, an Iranian trade delegation headed by the country’s Industry, Mining and Trade Minister Mohammad Shariatmadari is going to visit the Arab country to attend […]

TEHRAN- The exclusive exhibition of Indian products, “SOURCE INDIA IRAN”, became operational at Tehran Milad Tower on Saturday, IRIB news reported. The opening ceremony of the three-day event, which is supported by the Indian Ministry of Commerce and Industry, was attended by Indian charge d’affaire in Iran, the deputy head of Iran-India Joint Chamber of […]

Minister of Industry, Mine and Trade Mohammad Shariatmadari said that currency fluctuations can put investment at significant risk. Stability in economic indicators is one of the requirements for attracting foreign capitals in the country, the minister opined. Speaking on the sidelines of unveiling ceremony of National Atlas of Maps of Mineral Potentials, he said, “stability […]

TEHRAN- Iran exported over 4.7 million tons of agricultural products worth $4.542 billion during the ten-month period ended on January 20, according to the deputy agriculture minister for planning and economic affairs. Abdolhamid Bakhshandeh said the agricultural products accounted for 12.29 percent of the value and 4.5 percent of the weight of Iran’s non-oil exports […]

Iranians have been dealing with an ever-increasing devaluation of the rial since the beginning of the present Iranian calendar (March 21, 2017) but the major and unexpected depreciation occurred almost a month ago, in mid-February, when is supposed to be the biggest crackdown on foreign exchanges in six years. At the time, U.S. dollar broke […]

TEHRAN – A review by the consolidated planning department of the National Iranian Oil Company (NIOC) showed that 56 percent of the company’s investment resources have been allocated to the development of joint oil and gas fields in the current Iranian calendar year (which ends on March 20). As reported by IRIB news on Saturday, […]

TEHRAN – Iran has set April official selling price (OSP) of its Light crude oil for Asia 60 cents lower than the previous month, Reuters reported quoting an industry source with direct knowledge of the matter. According to the report the country has set the April OPS at $1.20 a barrel above Oman/Dubai quotes. Stepping […]