Representatives from the Islamic Republic of Iran, the Russian Federation, and Kazakhstan signed a trilateral MoU on grain trade on Sunday in Moscow. Concurrent with the official visit of Iranian Minister of Economic Affairs and Finance Masoud Karbasian to Moscow, representatives from the Islamic Republic of Iran, the Russian Federation, and Kazakhstan signed late on […]

Iran’s Persian Gulf Star Refinery in the southern province of Hormozgan is the first of its kind designed based on gas condensate feedstock recovered from South Pars gas field which Iran shares with Qatar in the Persian Gulf. Construction of the refinery started in 2006, but the project was delayed as the result of some […]

TEHRAN- The share of tax revenues in Iran’s gross domestic product (GDP) has reached eight percent, according to Head of National Tax Administration Kamel Taqavinejad. The official said the figure should reach 11 percent by the end of the country’s Six Five-Year National Development Plan (March 2021), IRNA reported on Sunday. President Hassan Rouhani’s economic […]

TEHRAN- Iranian Finance and Economic Affairs Minister Masoud Karbasian arrived in Moscow on Sunday to attend the 14th meeting of Iran-Russia Joint Economic Committee, IRIB news reported. The meeting will be held in the Russian capital on Monday and Tuesday and a number of cooperation MOUs are planned to be signed between the two countries […]

 Iranian Minister of Petroleum Bijan Zangeneh has announced Total’s takeover of Danish Maersk’s oil division, adding development of the oil layer of South Pars gas field will not be easily assigned to Total. Speaking to reporters on the sidelines of an oil industry event in Tehran on Saturday evening, the official outlined the outcome of […]

TEHRAN- Iranian Oil Ministry has specified 30 projects worth $6 billion for preserving and boosting oil production in the country, according to an oil official. Addressing the 2nd Iran International Exploration and Production Congress and Exhibition (Iran E&P 2018) in Tehran, Habibollah Bitaraf, the deputy oil minister for engineering, research and technology, said these projects […]

TEHRAN- During the 11 months ending on February 19, 2018, Iran exported 12 million tons of non-oil goods to Iraq worth $5.5 billion, the Public Relations Department of the Trade Promotion Organization of Iran (TPO) announced. The figure shows 18 percent increase in comparison with the same period in the preceding year, the report added. […]

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 […]