TEHRAN – An official with French energy giant Total said the main contract for development of the 11th phase of South Pars gas field in southern Iran will be awarded in 2018 after US President Donald Trump’s final approval. Total’s Chief Financial Officer Patrick de La Chevardiere said the group was proceeding with plans to […]

TEHRAN – Iranian President Hassan Rouhani highlighted the importance of relations with the Philippines and said the Islamic Republic welcomes closer cooperation with the Southeast Asian country in all fields, the economy in particular. Speaking at a meeting with the Philippines’ new ambassador to Iran, Wilfredo Santos, in Tehran on Saturday, President Rouhani hailed the […]

TEHRAN – Mojtaba Khosrotaj, head of Iran’s Trade Promotion Organization (TPO), said the country plans to increase the number of its commercial attachés to 50 in near future. As ISNA reported, Khosrotaj noted that Iran currently has 20 commercial attaches in countries which are export destinations for Iranian goods. EF/MA

TEHRAN- President of Johannesburg Chamber of Commerce and Industry (JCCI) Herman Breedt announced that South Africa can act as a hub for exports of Iranian products to other African countries, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Tuesday. In a meeting with ICCIMA Vice President Masoud Khansari, who […]

TEHRAN – An official at the National Iranian Oil Company (NIOC) said on Tuesday that nominated companies for the development of three Iranian oilfields have been determined and the deals will probably be signed before the end of the current Iranian calendar year (March 20, 2018), ISNA reported. According to Karim Zobeidi, NIOC’s deputy managing […]

TEHRAN- Head of Iranian Mines and Mining Industries Development and Renovation Organization Mehdi Karbasian announced that Iran has exported more than four million tons of steel during the first half of the present Iranian calendar year (March 21- September 22, 2018) and the figure will reach 10 million tons by the yearend (March 20, 2018). […]

TEHRAN- The Statistical Center of Iran announced that the inflation rate for the 12-month period ended on the last day of the seventh Iranian calendar month of Mehr (October 22) compared to the same period in the previous year hit 8.2 percent. The figure shows 0.2 percent rise from the inflation rate for the 12-month […]

TEHRAN – In a meeting at Management and Planning Organization of Iran on Monday, Transport and Urban Development Minister Abbas Akhoundi outlined the ministry’s programs for expansion of the country’s railway network. As IRNA reported, the minister said 516 kilometers of railroad is going to be built by the end of the current Iranian calendar […]

TEHRAN – The value of exports from Iran’s Small and Medium Enterprises (SMEs) reached $1.1 billion in the first seven months of the current Iranian calendar year (March 21-October 22), IRNA reported. According to Ali Yazdani, the managing director of Iran Small Industries and Industrial Parks Organization, the figure is expected to reach $2 billion […]

TEHRAN – The first Iran-Germany Joint Energy Committee meeting was held in Tehran on Tuesday, Shana reported. Addressing the meeting, Iranian Deputy Oil Minister for International Affairs and Trading Amir Hossein Zamaninia touched upon the two countries’ long history of cooperation and said Iran and Germany have great potentials for mutual cooperation in various areas […]