TEHRAN – A lawmaker announced on Tuesday that 163 members of the parliament in a letter to President Rouhani have called for the dismissal of central bank governor Valiollah Seif. By pointing the fall of the rial, the MPs have said Seif has been unable to control the foreign currency market, Javad Abtahi was quoted […]

TEHRAN – The number of establishment, exploration and operation permits issued during the last Iranian calendar year (March 2017- March 2018) increased significantly compared to its preceding year, the Iranian Ministry of Industry, Mining and Trade’s news portal (Shata) reported on Monday. According to the report, during the mentioned period the figures for establishment, exploration […]

TEHRAN – Researchers at a knowledge-based company in the city of Mashhad designed crude oil disposal reinjection units which improve the quality of crude oil. The company was recognized as the second laureate in research and development section for their research work on crude oil disposal reinjection units at the 31st Khwarizmi International Award, which […]

Exports volume for Iran’s crude oil stands at two million and one hundred thousand barrels per day (mb/d) in March. The figure is expected to increase in April. China and India are the largest buyers of Iranian crude, with more than one million barrels in total. The figure is expected to reach nearly 1.3 million […]

TEHRAN – Iran’s oil customers in Asia and Europe shipped in 2.1 million barrels per day (bpd) of Iranian crude during March, IRNA reported on Monday citing the oil ministry. China and India were top importers of Iranian crude oil in the mentioned period importing over one million bpd together. The oil ministry expects the […]

TEHRAN- Transit of goods through Iran rose 24 percent in the past Iranian calendar year, which ended on March 20, according to Islamic Republic of Iran Customs Administration (IRICA). [eco] IRICA announced that more than 10.695 million tons of commodities were transited trough Iranian borders during the past year, Mehr news agency reported on Monday. […]

TEHRAN – The first phase of the gas supply project to Chabahar power plant in southeastern Iran is due to be completed by May 22 in which 1 million cubic meters (mcm) of gas will be supplied to the plant on a daily basis. The total project is defined in two phases and in the […]

TEHRAN – The value of textile and garment exports reached $970 million in the past Iranian calendar year (ended on March 20), a 15 percent rise compared to the preceding year. According to the Iranian Ministry of Industry, Mining and Trade, Afghanistan, Iraq and Central Asian countries make up the main export markets for Iranian […]

The other week’s slide in the rial to a new record low, posted as 56,800 per dollar, according to the Financial Tribune last week, shows just how maniacal the market’s thirst for hard currency has become. But instead of following the herd and asking, “where can I get some dollars to hoard?”, the better questions […]

The director for gas supplying in National Iranian Gas Company (NIGC) Saeid Mo’meni said that the first phase of supplying gas to Chabahar Power Plant will be put into operation in the very near future. Transferring one million cubic meter of gas per day has been cited as the main objective behind supplying gas to […]