Having abundant energy resources and a great number of power plants, Iran is one of the Middle East’s top energy suppliers which contributes to the region’s electricity supplements both directly through electricity exports and indirectly via exporting natural gas being used as feedstock for the destination countries’ power plants. Considering the fact that the country […]

TEHRAN – The 14th exclusive exhibition of Iranian goods and services is due to be held in Turkmenistan’s capital Ashgabat on March 1-3, 2018, the portal of Trade Promotion Organization of Iran (TPO) reported. Iranian companies active in various areas including electricity, oil and gas, petrochemicals, auto and spare parts, wood industries, as well as […]

TEHRAN – An NIDC official said as many as 119 oil and gas wells were drilled and completed over the first nine months of the current Iranian calendar year (began March 21). Corporate Planning Director of National Iranian Drilling Company (NIDC) Naser Gholipour pointed to drilling of 119 new oil and gas wells so far […]

Oil prices in New York jumped to a two-and-a-half year high Tuesday and briefly topped $60 a barrel due to a Libyan pipeline explosion and frigid weather in the US. The benchmark US contract, West Texas Intermediate for February delivery, rose $1.50 to $59.97 a barrel after earlier breaching $60 for the first time since […]

Shares in Hyundai Heavy Industries plunged by nearly a third on Wednesday after the world’s largest shipbuilder by sales announced a plan to issue new stocks in a bid to shore up its ailing finances. The South Korean firm has struggled amid an industry-wide slump in recent years, as global demand slowed and competition from […]

TEHRAN – Iran has experienced a 56-percent decrease in average precipitation over the period from September 23-December 25 compared to the same period in the long run, the country’s meteorological organization has announced. South Khorasan, Qom, Yazd and Isfahan provinces show the most dramatic decline of more than 90 percent. Tehran is ranked 8th with […]

In late June, the Iranian government shut down the online auto import registration system saying that the import regulations are being revised. Although the officials in the Industry Ministry mentioned managing auto import market and preventing from exit of foreign currency from the country as some reasons for stopping this system, taking this action in […]

TEHRAN – Iran and Qatar discussed ways of facilitating maritime trade and cooperating in ports and transport areas, IRIB news reported. The two sides explored the matters in a bilateral meeting in Doha on Monday. The meeting was attended by the Managing Director of Iran’s Ports and Maritime Organization (PMO) Mohammad Rastad and Qatari Minister […]

TEHRAN – Construction operation of more than 2,000 megawatts new power plants has started in the country since the beginning of the current Iranian calendar year in 1396 (started March 21, 2017). Deputy Thermal Power Plants Holding Company (TPPH) for Planning Affairs Hamid-Reza Azimi made the above remark and added: “According to the Clause 6 […]

Fresh indications have appeared that show Iran and Russia are moving closer to an ambitious plan to integrate their banking systems – a strategy both hope would make them immune to the financial sanctions of the United States in the future. A top banking official in Tehran was quoted by media as saying that the […]