Chairman of Iranian Steel Producers’ Association (ISPA) Mahmoud Eslamian said that steel production volume in the current Iranian calendar year in 1396 (to end March 20, 2018) will exceed 21 million tons. Under such circumstances, Iran will be ranked 13th in the world, he maintained. Import of intermediary steel products has reduced 24 percent considering […]

Deputy Chief Executive of the National Iranian Oil Company (NIOC) Gholam-Reza Manouchehri said, “results of studies conducted by domestic and foreign companies show that total proven reserve volume of Iranian oil will increase by 10 percent at large. Speaking at the 2nd Intl. Conference of Exploration and Production, he added, “new model of Iran Petroleum […]

 Naser Behzad, the Commercial Attaché at the Iranian Embassy in Baghdad says that the amount of Iran-Iraq trade volume in the last 11 months has been $12 billion. “In the past 11 months of the current Iranian calendar year of 1396, Iran has exported 12 million tons of non-oil goods with the value of 5.5 […]

 Managing director of the National Iranian Oil Company (NIOC) said Sat. that three oil contracts will be signed by the end of the current Iranian fiscal year (by March 20, 2018). Ali Kardor made the announcement on Saturday on the sidelines of the 2nd International Congress and Exhibition on Exploration and Production, and the 5th […]

Chief Executive of Persian Gulf Star Refinery Mohammad-Ali Dadvar said, “required documents have been provided for receiving the first installments, amounting to 40 million euro, but at least €100 million will be injected to the refinery before the termination of the current Iranian calendar year in 1396 (to end March 20, 2018).” Allocation of financial […]

 Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari called for developing and broadening banking relationship between Islamic Republic of Iran and Croatia. He urged merchants and traders of the two countries for setting up joint venture (JV) investment companies. In his meeting with Croatian economic authorities, Khansari reiterated, “Iran Chamber […]

TEHRAN- “Iran exported $336 million of hand-woven carpets in the first ten months of the current Iranian calendar year (March 21, 2017- January 20, 2018), showing an increase of 22 percent compared to the same period of time in the past year,” ISNA reported on Friday quoting Hamid Kargar, the head of Iran’s National Carpet […]

TEHRAN- Oman is seeking expansion of its trade relationship with Iran, according to Oman Chamber of Commerce and Industry Vice Chairman Rashid Amer Mohammed Al-Mesailhi. Al-Mesailhi made the remarks in a meeting between a delegation of Iranian traders and businessmen from Iran Chamber of Commerce, Industries, Mine and Agriculture (ICCIMA) with their Omani counterparts in […]

TEHRAN- Iran’s national budget bill for the next Iranian calendar year, starting March 21 has envisaged 734 trillion rials (about $16.398 billion) of investment to be made by the government to implement 12 job-creation plans, Government spokesman Mohammad Baqer Nobakht announced in a press conference on Tuesday. In late December 2017, the official had said that […]

TEHRAN – Four major Asian buyers of Iranian crude imported a total of 1.70 million barrels per day (bpd) from Iran in January, the highest volume since October, the data released by Reuters showed. According to the government and ship-tracking data, imports of Iranian crude oil by China, India, Japan and South Korea last month […]