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 […]

Head of Foreign Investment Center at Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) Ferial Mostofi said that Swedish banks have either American shareholders or have partnership in US Stock Exchange Market and for this reason, Swedish bank are worrying about resumption of their cooperation with Iranian banks. A Swedish trade and business delegation […]

TEHRAN – Following Lotos, Poland’s biggest oil refiner PKN Orlen has joined the buyers of Iranian crude oil, receiving a 130,000-ton shipment of Iranian crude at the Baltic seaport of Gdansk, Reuters reported. According to the company, the Iranian oil, which is lighter than the Russian crude and contains less sulfur, will be refined at […]

TEHRAN- Daily production of gas from Iran’s South Pars gas field (shared with Qatar in the Persian Gulf) will be increased by 84 million cubic meters (mcm) by the end of the first half of current Iranian calendar year (September 22), according to the managing director of Pars Oil and Gas Company (POGC). Mohammad Meshkinfam […]

China state-run refiner Sinopec will cut back on its nominations of Saudi Arabian crude in May after the major OPEC producer’s latest official selling prices came out above market consensus, potentially providing other producers in the Middle East and Asia Pacific with a chance to boost sales to the giant Asian consumer. Sinopec, one of […]

TEHRAN- The Central Securities Depository of Iran (CSDI) and Russia’s National Settlement Depository (NSD) signed a memorandum of understanding (MOU) to connect the capital markets of both countries, IRNA reported. The MOU was signed between the Managing Director of CSDI Hossein Fahimi and the Chairman of the Executive Board of NSD Eddie Astanin in Moscow. […]

 Iran and Qatar have been trying to facilitate and ease maritime transportation seriously between the two countries. In a meeting with officials in charge of ports affairs in Iran’s southern city of Bushehr, CEO of Mwani Ports Management Captain Abdulla Al-Khanji made the above remark and said, “a Qatari delegation on behalf of the country’s minister of […]

Central Bank of Iran Governor Valiollah Seif said Tue. that the decision to replace dollar with euro in the country’s foreign trade transactions will be implemented with more determination this year. Governor of the Central Bank of Iran (CBI) attended an open session at the Parliament this morning to discuss the recent foreign exchange fluctuations in […]

TEHRAN- Uzbek First Deputy Prime Minister Achilbay Ramatov announced his country’s readiness on Monday for boosting commercial ties with Iran, IRNA reported. [eco] The senior Uzbek official made the remarks during the 12th meeting of Iran-Uzbekistan joint economic committee at the place of Iran Trade Promotion Organization (TPO) in Tehran. Referring to $325 million Iran-Uzbekistan […]

TEHRAN- Gasoline production in Iran will increase 12 million liters within the next four months, Oil Minister Bijan Namdar Zanganeh announced on Monday. The official put the country’s daily gasoline production at 15 million liters in the past Iranian calendar year (ended on March 20), Tasnim news agency reported. Zanganeh also announced that Iran will […]