TEHRAN- Electricity will be supplied to some 400 villages, with population of less than 10 families, by the end of the current Iranian year (March 20, 2018), an official from Iranian Energy Ministry announced in a conference on Tuesday. “Some 900 billion rials (about $19.7 million) of finance is to be granted for supplying electricity […]

Saying that Belarus is interested in increasing its oil purchases from Iran, Iranian Oil Minister said that Belarus has previously received two oil consignments from Iran. Speaking at a meeting with Belarusian Minister of Industry Vitaly Vovk on Tuesday, Iranian Oil Minister Bijan Namdar Zanganeh said that Belarus has received nearly two million barrels of […]

Iran and Belarus have signed a roadmap for bilateral cooperation for 2018-2020, Iran’s Industry, Mine and Trade Minister Mohammad Shariatmadari told reporters on Tuesday. The roadmap was signed on the first day of the 14th session of the joint Belarusian-Iranian Commission for economic cooperation in Tehran on Tuesday January 23, 2018. Iran and Belarus have […]

TEHRAN — Once again Iran’s environmental body has demanded its right to the green tax imposed on polluting industries and allocated to municipalities. “Every year some 100 trillion rials (nearly $2.2 billion) in green tax is collected which is distributed among the municipalities and none is laid out on environmental schemes,” an official with the […]

TEHRAN- Iran exported over 160 tons of saffron worth more than $219 million to 56 countries during the nine-month period ended on December 21, 2017, with 26 percent growth in the value compared to the same time span in the preceding year. The weight of exported saffron also indicates 33 percent rise from the figure […]

TEHRAN – Japan International Cooperation Agency (JICA) is going to fund the rehabilitation project of Iranian thermal power plants, IRNA reported on Tuesday quoting an official at Iran’s Thermal Power Plants Holding Company (TPPH). According to Hamidreza Azimi, the deputy for planning affairs in TPPH, Iranian power plants current efficiency stands at 37.8 percent. The […]

TEHRAN- Production of gas from Iran’s South Pars gas field stands at 555 million cubic meters per day (mcm/d), according to the managing director of Pars Oil and Gas Company (POGC), which is in charge of developing the field. Mohammad Meshkinfam made the remarks in a meeting with Oil Minister Bijan Namdar Zanganeh and the […]

Central Bank of Iran (CBI) Governor Valiollah Seif stressed that price of foreign currency will decrease in coming days, and advised people not to buy dollars as an investment. Speaking reporters on the sidelines of Electronic Banking Conference, Valiollah Seif stressed that the exchange rate will certainly decrease over the coming days because the central […]

Iran’s First Vice-President Es’hagh Jahangiri said that the oil and gas produced from the joint fields shared by Iran and Iraq have increased significantly. “The progress of plans of resistance economy was remarkable in the area of oil ministry and the national achievement in harvesting oil and gas from joint oil fields is significant,” said […]

TEHRAN– Minister of Industry, Mine and Trade Mohammad Shariatmadari revealed the opening €50 billion worth of credit for exporting Iranian products to Belarus. Speaking on the sidelines of 14th Iran and Belarus Business Forum, the minister of industry said, “the bilateral development between Iran and Belarus strictly hinges on removing banking problems.” Fortunately, there is […]