TEHRAN- Iran is planning to become an exporter of technical and engineering services in gas sector, National Iranian Gas Company (NIGC) Managing Director Hamidreza Araqi announced. “We have already negotiated with some neighboring countries to export such services to them”, the official said in a press conference on Monday. “We, in NIGC, have materialized quantity […]

Iranian Ambassador to Baku Jahangirzadeh and Mehdiyev, the Chairman of the State Customs Committee of the Republic of Azerbaijan, vowed to increase bilateral cooperation especially in customs affairs. “The extension of working hours of the shared border-points of Iran and Azerbaijan is of prime importance for bolstering bilateral relations,” said Javad Jahangirzadeh, the Iranian Ambassador […]

 The monthly OPEC report says Iran’s crude oil production averaged 3.80mn bpd (million barrels per day) in May, near a nine-year high. Iran’s output increased after the US lifted the sanctions in January 2016. Iran’s crude oil exports reached 2.7 mn bpd in May—the highest level since the sanctions were lifted. Brent and WTI oil prices […]

Senior Adviser to the Ministry of Agriculture Esmaeil Esfandiaripour said, “with the coordination made in this regard, the country will be self-sufficient in wheat production in the current year (started March 21, 2018). In this regard, there is no need to import this strategic product into the country in the current year, he maintained. He […]

Two Iranian companies are staging their innovations and latest achievements at the17th International Caspian Transport Exhibition underway in Baku. Two Iranian companies are attending the 17th edition of TRANSCASPIAN / TRANSLOGISTICA, the17th Caspian International Transport, Transit and Logistics Exhibition in Azerbaijani capital city of Baku. The three day international event, which hosts 85 companies from […]

The 3rd International Industrial and Metalworking Technologies Exhibition dubbed ‘AMB Iran 2018’ will be held at Shahr-e Aftab International Exhibition, Tehran on June 26-29. So far, more than 140 exhibition pavilions from 12 countries [including Iran, Germany, Italy, France, the Netherlands, Austria, Switzerland, China, Taiwan, Japan, Czech Republic and Russia] have expressed their readiness to […]

The executive director of German Machine Tool Manufacturers Association (VDW) Wilfried Schäfer on Monday said that German companies are vehemently interested in continuing activity in Iran’s lucrative market after US pullout from JCPOA. In spite of US pullout from JCPOA (Joint Comprehensive Plan of Action), he emphasized that international community should take decisive steps to […]

Asian investors were cautious on Tuesday as they keep watch on the historic summit between Donald Trump and North Korean leader Kim Jong Un, and await key policy meetings at the Federal Reserve and European Central Bank this week. While the meeting is not expected to see any immediate results, it has provided hope for […]

TEHRAN- Iran’s Trade Promotion Organization (TPO) Head Mojtaba Khosrotaj said the European Union’s endeavors to preserve and continue trade ties with Iran is an obvious sign of defeat for the U.S. that has withdrawn from Iran’s nuclear deal. The official made the remarks in a press conference on Monday, and added that since the U.S. […]

 Iran’s Parliament will be holding an extraordinary session this week to review the contracts on joint ventures between Iranian and French carmakers as the European side has suspended projects to avoid US sanctions. A member of Iranian Parliament’s Committee on Industries and Mines told Mehr News correspondent on Monday that an extraordinary session will be […]