TEHRAN – The first phase of the gas supply project to Chabahar power plant in southeastern Iran is due to be completed by May 22 in which 1 million cubic meters (mcm) of gas will be supplied to the plant on a daily basis. The total project is defined in two phases and in the […]

TEHRAN – The value of textile and garment exports reached $970 million in the past Iranian calendar year (ended on March 20), a 15 percent rise compared to the preceding year. According to the Iranian Ministry of Industry, Mining and Trade, Afghanistan, Iraq and Central Asian countries make up the main export markets for Iranian […]

The other week’s slide in the rial to a new record low, posted as 56,800 per dollar, according to the Financial Tribune last week, shows just how maniacal the market’s thirst for hard currency has become. But instead of following the herd and asking, “where can I get some dollars to hoard?”, the better questions […]

The director for gas supplying in National Iranian Gas Company (NIGC) Saeid Mo’meni said that the first phase of supplying gas to Chabahar Power Plant will be put into operation in the very near future. Transferring one million cubic meter of gas per day has been cited as the main objective behind supplying gas to […]

Head of Foreign Investment Center at Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Ferial Mostofi said that Swedish banks have either American shareholders or have partnership in US Stock Exchange Market and for this reason, Swedish bank are worrying about resumption of their cooperation with Iranian banks. A Swedish trade and business delegation […]

TEHRAN – Following Lotos, Poland’s biggest oil refiner PKN Orlen has joined the buyers of Iranian crude oil, receiving a 130,000-ton shipment of Iranian crude at the Baltic seaport of Gdansk, Reuters reported. According to the company, the Iranian oil, which is lighter than the Russian crude and contains less sulfur, will be refined at […]

TEHRAN- Daily production of gas from Iran’s South Pars gas field (shared with Qatar in the Persian Gulf) will be increased by 84 million cubic meters (mcm) by the end of the first half of current Iranian calendar year (September 22), according to the managing director of Pars Oil and Gas Company (POGC). Mohammad Meshkinfam […]

China state-run refiner Sinopec will cut back on its nominations of Saudi Arabian crude in May after the major OPEC producer’s latest official selling prices came out above market consensus, potentially providing other producers in the Middle East and Asia Pacific with a chance to boost sales to the giant Asian consumer. Sinopec, one of […]

TEHRAN- The Central Securities Depository of Iran (CSDI) and Russia’s National Settlement Depository (NSD) signed a memorandum of understanding (MOU) to connect the capital markets of both countries, IRNA reported. The MOU was signed between the Managing Director of CSDI Hossein Fahimi and the Chairman of the Executive Board of NSD Eddie Astanin in Moscow. […]

 Iran and Qatar have been trying to facilitate and ease maritime transportation seriously between the two countries. In a meeting with officials in charge of ports affairs in Iran’s southern city of Bushehr, CEO of Mwani Ports Management Captain Abdulla Al-Khanji made the above remark and said, “a Qatari delegation on behalf of the country’s minister of […]