TEHRAN- Iran exported more than 18.588 million tons of petrochemical products worth $9.69 billion in the ten-month period ended on January 20, 2018, IRNA reported on Wednesday. The country’s petrochemical output stood at 44.202 million tons during the mentioned time span. Production units in Assalouyeh and Mahshahr petrochemical zones, both in southwest of Iran, accounted […]

Mr. Montazer Torbati, the MD of IGEDC, told the media that Iran has completed its domestic network of gas pipelines and is ready to export gas to all neighboring countries on their demand. “Iran gas exporting to Baghdad from Naftshahr is consistently continuing and as announced earlier Iran is ready to export gas to Basra […]

 Iranian Minister of Industry, Mine and Trade Ali Shariatmadari approved that industry, mine and trade fields have exclusively attracted more than $9.7 billion foreign direct investment (FDI) during post-sanctions era. “If we are willing to enter the global market of technical and engineering services, we have to build brands while the hardships endured by Iranian […]

TEHRAN – French automaker Renault is going to expand activities in Iran, boosting its total investments in the country to €800 million, IRNA reported quoting the company’s director for MENA region. Speaking at the 5th edition of Iran’s Automotive Industry International Conference in Tehran on Tuesday, Pascal Felten noted that with the new round of […]

TEHRAN- Iran owns 229 container ships, which contributes to 1.1 percent of the global capacity, but containerization is in dire need of attracting investments, Mohammad Rastad, head of Iran’s Ports and Maritime Organization (IPO), stated. Making the remarks in the 25th Conference of Coordinating Marine Organizations of Iran on Tuesday, the official said: “Some 145 […]

TEHRAN- According to OPEC’s latest monthly report published on February 12, Iran’s heavy oil price reached $65.85 in January, an increase of $4.98 or 8.2 percent from $60.87 in December. Based on the data presented, the country’s average heavy crude price stood at $51.90 in 2017. The report also put Iran’s oil production, based on […]

Farzad Piltan an official in charge of Trade Promotion Organization of Iran (TPOI) revealed the outset of purchasing process of Qatari rials from Iranian exporters of goods and services and said, “with the necessary follow up made in this regard on solving problems facing exporters of goods and services to neighboring Qatar, process of transferring […]

 Iran’s Consul General in Quetta, Pakistan says that Iran and Pakistan aim to increase bilateral trade from current volume $1.5 to $5 billion. Mohammad Rafiee Consul General of the Islamic Republic of Iran in Quetta, Pakistan made the remarks in a ceremony to celebrate the 39th anniversary of the victory of Iran’s Islamic Revolution in […]

Iranian energy minister says that Iran is after reaching European buyers through linking to neighboring grids as the national power grid has expanded and Iran is negotiating with neighboring countries. “We are after using the opportunity to connect our power grid to the electricity grid of Europe through some of our neighbors,” said Reza Ardekanian, […]

During the meeting of the Head of Iran’s Environment Protection Department Isa Kalantari and German Ambassador to Tehran Michael Klor Berchtold vowed for expansion of bilateral cooperation in environmental areas. “We are facing a lot of environmental problems. Especially in the area of water, our country is faced with numerous problems and to tackle these […]