Finance minister in Moscow to attend Iran-Russia Joint Economic Committee meeting
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 […]
Iran not to easily award South Pars oil production to Total
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 […]
Oil production preserving, boosting projects worth $6b specified
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 […]
Iran exports $5.5b of non-oil goods to Iraq in 11 months
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. […]
Steel output tops 21mn tons in Iran: ISPA Chief
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 […]
Iran’s proven oil reserves to increase by 10%
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 […]
Iran, Iraq enjoying $12bn trade volume in last 11 months
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 […]
NIOC chief says 3 oil contracts to be signed by year-end
Managing director of the National Iranian Oil Company (NIOC) said Sat. that three oil contracts will be signed by the end of the current Iranian fiscal year (by March 20, 2018). Ali Kardor made the announcement on Saturday on the sidelines of the 2nd International Congress and Exhibition on Exploration and Production, and the 5th […]
€100mn to be injected into Persian Gulf Star Refinery by year-end
Chief Executive of Persian Gulf Star Refinery Mohammad-Ali Dadvar said, “required documents have been provided for receiving the first installments, amounting to 40 million euro, but at least €100 million will be injected to the refinery before the termination of the current Iranian calendar year in 1396 (to end March 20, 2018).” Allocation of financial […]
Iran, Croatia to boost banking ties, establish joint-venture companies
Chairman of Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Masoud Khansari called for developing and broadening banking relationship between Islamic Republic of Iran and Croatia. He urged merchants and traders of the two countries for setting up joint venture (JV) investment companies. In his meeting with Croatian economic authorities, Khansari reiterated, “Iran Chamber […]