TEHRAN- Iran’s liquidity stood at 14.63 quadrillion rials (about $325 billion) during the 10th Iranian calendar month of Dey (December 21, 2017- January 19, 2018), according to a report released by the Central Bank of Iran (CBI). The CBI announced that the liquidity figure shows 22.3 percent growth in comparison with the same period in […]

 A Memorandum of Understanding (MoU) was signed in the field of petrochemical investment between Khuzestan province’s Governor-Generalship and Turkish GAMA Company in Izeh sub-province on Monday. Representative and senior advisor of Turkish GAMA Holding Company Dondarf Koncal in the signing ceremony expressed his willingness to invest in Khuzestan province, saying that the company started its […]

 Austrian ambassador to Iran voiced his country’s readiness to build more solar power plants in Kerman province, southeast of Iran. Austrian Ambassador to Iran Stefan Scholz made the comment on Tuesday during his tour of the first phase of a 1.2 MW solar power plant construction project currently underway in Rafsanjan’s industrial zone, Kerman province. […]

TEHRAN – Iraj Masjedi, the Iranian ambassador to Baghdad, said on Monday that Iran has good relations with all the ethnic groups in Iraq. During a meeting with a number of Feyli Kurds, he said that Iran has good relations with all the Iraqi ethnic groups, especially the Kurds. For his part, Assadollah Feyli, head […]

TEHRAN- The national budget bill for the next Iranian calendar year, starting March 21, has envisaged 79 percent more budget for development projects, the government spokesman announced. In a press conference on Tuesday, Mohammad Baqer Nobakht said the coming year’s budget for development projects is 334.54 trillion rials (about $7.43 billion), while the figure was 186.43 […]

 Iranian oil minister described the oil negotiations between Iran and Azerbaijan as positive and voiced hope to see the talks concluded with President Rouhani’s visit to Baku in the first days of the new year (of Iranian calendar). “The Presidents of the two countries of Iran and Azerbaijan are significantly contributing to the bilateral relations […]

The ambassador of Finland to Tehran said Helsinki, Copenhagen and Stockholm have signed an agreement with Iran’s IDRO Group to improve cooperation in various fields, including oil and renewable energies. “Finland, Denmark and Sweden signed an MoU with IDRO of Iran to promote collaboration in in the fields of oil & gas, high-tech, transportation, renewable […]

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 […]