Iran’s Minister of Industry, Mine and Trade Mohammad Shariatmadari said Wed. that the new US sanctions will not seriously affect Iran’s economy as it has grown immune to it. Speaking to reporters in Tehran after a cabinet meeting, and in response to a question about how the US sanctions affect Iran’s economy, Shariatmadari said that Iran […]

TEHRAN- The Statistical Center of Iran announced that the inflation rate in the twelve-month period ended on the last day of the second Iranian calendar month Ordibehesht (May 21) stood at 8 percent, down 0.1 percent from its previous month, IRNA reported. All sectors of the Iranian economy registered positive growth in 2017, during which […]

The Austrian energy group OMV has announced to continue with its previously announced energy project in Iran despite US withdrawal from the JCPOA. According to Reuters news agency, the Austrian energy group OMV is continuing with planned Iranian energy projects despite the United States’ withdrawal from a nuclear pact with Tehran. The company added, however, […]

When history is written, then President Trump’s decision on 8th May to abandon the Joint Comprehensive Plan of Action (JCPOA) agreement with Iran may well be seen as a historic turning point. In fact the origins of President Donald Trump’s aggressive stance against Iran may lie in his ‘Energy Week’ speech on June 29 which […]

TEHRAN- Italian Ambassador to Tehran Mauro Conciatori said that seven Italian large companies active in the field of renewable energies will visit Tehran next month to attend a conference with Iran’s Renewable Energy and Energy Efficiency Organization (known as SATBA) for exploring ways of mutual cooperation. The envoy made the remarks in a meeting with […]

TEHRAN-Iran’s exports of electricity equipment to Iraq and Afghanistan showed 30 percent rise during the past Iranian calendar year of 1396 (which ended on March 20) and stood at over $120 million, IRIB reported on Monday. According to a member of Iran electricity industry syndicate, the exports are planned to reach $150 million by the […]

TEHRAN- A member of development committee of the Iranian Parliament (Majlis) announced that $6 quadrillion rials (more than $142.6 billion) of budget is needed for completion of development projects in Iran, Tasnim news agency reported. Calling on the government to prepare proper ground for completion of all such projects, Alim Yarmohammadi underlined the significance of […]

TEHRAN- Iran National Copper Company could produce 107,795 tons of copper concentrate in the first month of the present Iranian calendar year 1397, Farvardin (March 21- April 20), registering 15 percent growth in comparison with the same time in the preceding year, IRNA reported on Monday. According to the latest data released by Iranian Mines […]

Head of the office of cold-weathered and dry fruits at the Ministry of Agriculture Shokrollah Hajivand said that about 700,000 tons of high-quality apple has been exported since the past Iranian fiscal year up (from March 20, 2017 to May 20, 2018). It is predicted that this horticultural product will experience a considerable decline in […]

Reza Padidar, a member of the Oil Industry Equipment Manufacturer Association, said on Monday that Iranian manufacturers are assigned with making the needed equipment for Iranian oil industry. “To domesticize ten groups of equipment needed in oil industry, a host of 55 contracts with the value of $1.2 billion, out of which 20 to 20 […]