TEHRAN – Qatar has opened a land and sea cargo line with Iran and Turkey in a bid to reduce the Arab country’s cargo shipping costs by 80 percent, a report said. Former editor-in-chief of Qatar’s al-Sharq newspaper, Jaber Al-Harmi, said via twitter that the Persian Gulf Arab state has opened a land and sea […]

TEHRAN – An official said Iran exported saffron worth 75 million dollars in the first four month of the current Iranian year (began March 21). Deputy Head of Iran’s Union of Sellers and Exporters of Saffron Gholamreza Miri said a total of 53 tons and 851 kilograms of saffron worth 75 million dollars were exported […]

TEHRAN – An NPC official said Iran’s petrochemical industry experienced a 6% percent uplift in production over five months and a 12% rise in exports over four months since beginning of the current Iranian year (began March 21). Director of Production Control in Iran’s National Petrochemical Company (NPC) Alimohammad Bosaghzadeh pointed to five-month statistics for […]

TERHRAN- Iranian Privatization Organization (IPO) has transferred 1.174 trillion rials (about $30.21 million) worth of the state-run shares to the private sector since the beginning of the current Iranian calendar year (March 21, 2017). IPO plans to transfer the shares of some 337 state-run companies to the private sector by the current Iranian calendar yearend […]

TEHRAN – Iran has allocated 100 trillion rials (about $2.577 billion) for creation of job opportunities in the rural areas, Tasnim news agency reported quoting a labor official as saying on Saturday. According to Mohammad Kalantari, the deputy labor, cooperatives and social welfare minister, the allocated budget will be used to create 65,000 jobs in […]

TEHRAN – An Iranian official says that interactions with a representative of South Africa at Iran’s Chamber of Cooperatives yielded in the deal to export Iran’s honey to the African country. “The export of the honey produced by Iranian beekeepers cooperatives to South Africa is one of the results of having the commerce attaché of […]

TEHRAN  – Iran’s Marjan Petrochemical Company has clinched a contract with a major German firm over sales of methanol produced at a petrochemical plant which will come on stream soon, an official said. “Marjan is the first petrochemical company to have sealed a contract for sales of products with European companies,” Hassan Beigi, the managing […]

TEHRAN- Iran’s crude oil exports reached 2.135 million barrels per day (bpd) in August, a 9.3 rise from its previous month, Oilprice.com reported citing energy data provider Kpler. According to the report, Iranian crude oil exports rose by 182,000 bpd in August from July. The increases came at a time when most of the OPEC […]

TEHRAN- Loading and unloading of goods at ports of Iran rose three percent in the fifth Iranian calendar month Mordad (July 23-August 22) from its previous month, according to the Ports and Maritime Organization of Iran (PMO). The PMO announced that more than 13.022 million tons of goods were loaded and unloaded at Iranian ports […]

TEHRAN- The nominal electrify generation capacity has increased 610 megawatts (MW) to 77,038 MW in Iran since the beginning of current Iranian calendar year (March 21, 2017). Iran’s nominal electricity generation capacity will reach 80,000 MW by summer 2018, according to Iranian Deputy Energy Minister Houshang Falahatian. The country increased its electricity generation capacity by […]