TEHRAN – Industrial Development and Renovation Organization of Iran (IDRO) and Russian Trade and Economic Development Council signed an agreement on expanding cooperation in oil, gas, rail and air industries yesterday. According to reports, Iran’s IDRO Group Managing Director Mansour Moazzami signed the deal with his Russian counterpart. After the signing the agreement, Moazzami said […]

TEHRAN – An Iranian minister expressed the country’s willingness to develop a close partnership with German entrepreneurs and industry leaders. In a meeting with a group of German business people in Tehran on Monday, Iranian Minister of Cooperative, Labor and Welfare Ali Rabiee said Iran is ready for trade interaction with German entrepreneurs and industry […]

TEHRAN  – CEO of the National Iranian Oil Company (NIOC) Ali Kardor said the country’s oil production would reach 4 million barrels per day (bpd) by the end of the current Iranian year (March 20, 2018). Speaking to the Tasnim News Agency, Kardor said currently, the total amount of Iran’s crude oil production amounts to […]

TEHRAN– An Iranian deputy oil minister said minor issues impeding the payments Iran receives from China for the export of petrochemicals have been resolved. There has never been any obstacle to the Iranian export of petrochemical products, CEO of Iran’s National Petrochemical Company Marziyeh Shahedaei said on Monday. As regards the delays in the Chinese […]

TEHRAN – Deputy Iranian energy minister said power grids of Iran and Iraq will be interconnected in mid-November. Iran’s Deputy Energy Minister for Electricity and Energy Affairs Houshang Falahatian made the remarks at a joint session with the Iraqi Deputy Minister of Electricity Adel Kazim Jarayan. The Iranian side pointed to status of electricity exports […]

TEHRAN  – CBI Governor Valiollah Seif said that some very lucrative investment opportunities for the Iranian marketplace are underway thanks to the integrity of the Iranian government in targeting macroeconomic goals and implementation of resistance economy in the country. Speaking in the opening ceremony marking implementation of the second national employment opportunities in the country, […]

TEHRAN – An Iranian publisher says the Chinese are willing to buy the copyright of 23 books proposed by Iran at the Beijing International Book Fair. Majid Jafari Aqdam, the director of ‘POL Literary and Translation Agency, says the Agency “has tried to introduce more than 100 Iranian books including fictions, classic literature and those […]

TEHRAN – A 50-man economic delegation is due to arrive in Tehran on October 3 to expand economic ties. Bulgarian Ambassador to Tehran Christo Polendakov in a meeting with deputy head of Iran’s Chamber of Commerce Mohammad Reza Karbasi said that the big Bulgarian trade delegation is to arrive in Iran on October 3. He […]

TEHRAN – South Korea’s imports of Iranian crude oil rose by 40.2 percent in August compared to the same period last year, a report said. South Korea brought in 1.55 million tons of Iranian crude last month, or 365,641 barrels per day (bpd), compared with 1.1 million tons in the same month in 2016, customs […]

TEHRAN – An Iranian petrochemical complex plans to export near 8,000 million tons of polyethylene to Southeast Asia on a monthly basis in 2018, Platts reported quoting a director of the complex. According to Amir Kabir Petrochemical Company (AKPC)’s Sales and Marketing Manager Diako Abbasi, the company aims to ship 5,000-8,000 mt/month of polyethylene to […]