TEHRAN – Iran has signed a number of agreements with Syria to reconstruct power plants and electricity transmission lines in the war-torn neighboring country, the caretaker of the Iranian energy ministry Sattar Mahmoodi said on Tuesday. The Syrian government signed a contract to import Iranian power plants for the city of Aleppo, Syrian state news […]

TEHRAN– Iran’s oil and condensate exports to Europe rose in August, with demand from Italy, France, the Netherlands and Greece all up, a report said. Iranian oil flows to Europe rebounded sharply last month, with 835,742 b/d sailing to the region, a rise of almost 200,000 b/d month on month, Platts reported. Turkey also remains […]

TEHRAN – Iran’s VP for Economic Affairs Mohammad Nahavandian has called for boosting trade transactions with Pakistan to reach the goal of 5 billion euros.   During a meeting with Pakistani Foreign Minister Khawaja Muhammad Asif on Monday in Tehran, Iranian Vice-President for Economic Affairs called for expediting trade negotiations between the two countries and removing obstacles […]

TEHRAN – This year Iran will produce 310,000 tons of pistachio and reclaim its title as the top producer of pistachio in the world by surpassing the US, an official at Ministry of Agriculture predicts. While estimating the production of pistachio to reach up to 310,000 tons in 2017, head of the office of cold-weathered […]

TEHRAN – Sepehr Sepehri was appointed as the new managing director and board chairman of National Iranian Drilling Company (NIDC). National Iranian Oil Company (NIOC) Managing Director Ali Kardor appointed Sepehri to the position replacing Heidar Bahmani. Bahmani was appointed as NIDC’s managing director for the third time in Iranian year of 1393 (March 2014-March […]

TEHRAN – Iran has raised its light crude’s official October selling prices for Asia by $0.48 to set 50 cents above the Oman/Dubai average for the same month, Reuters reported quoting an industry source with direct knowledge of the matter. Last month, OPEC’s third largest oil producer changed the pricing formula for its Soroush grade […]

TEHRAN- Iran’s annual dairy production is anticipated to reach over 10 million tons in the current Iranian calendar year (which ends on March 20, 2018), ISNA reported on Sunday quoting Deputy Agriculture Minister Hassan Rokni as saying. In an interview with ISNA, the official also put the country’s annual dairy output at 9.6 million tons […]

TEHRAN- Austria’s Oberbank will sign a deal with the Central Bank of Iran (CBI) on September 21 to finance Austrian projects in Iran, the bank’s chief executive has said. “I think we are the first European bank (to reach such an agreement),” Franz Gasselsberger told Reuters, adding that he was relying on information from the […]

TEHRAN – Iran has raised its light crude’s official October selling prices for Asia by $0.48 to set 50 cents above the Oman/Dubai average for the same month, Reuters reported quoting an industry source with direct knowledge of the matter. Last month, OPEC’s third largest oil producer changed the pricing formula for its Soroush grade […]

TEHRAN- The first ever data vending deal in the Iranian capital market was signed between Iran Financial Center (IFC) and Greece’s Inforex S.A. data vendor company on Sunday. Based on the deal, which was signed by Inforex Managing Director Eleni Pateropoulou and IFC Managing Director Ali Naqavi in Tehran Stock Exchange (TSE) headquarters, IFC will provide […]