The head of Organization for Economic Investment and Technical Assistance of Iran announced an opportunity in inauguration of banking transactions between Iran and Switzerland. Deputy Minister of Economic Affairs and Finance Mohammad Khazaee made the announcement following his meeting with Philippe Leuba, economy minister of Switzerland’s Vaud state during which the two sides discussed expansion […]

Iranian Industry Minister Shariatmadari, while in Iraq, met and talked with Governor of Central Bank of Iraq, Ali Mohsen Al-Allaq. Iranian Minister of Industries, Mining and Trade Mohammad Shariatmadari, in line with his earlier talks with a number of senior Iraqi officials, attended a meeting with Ali Mohsen Al-Allaq, Governor of Central Bank of Iraq. […]

TEHRAN – Electricity generation capacity in Iran has increased by 193 megawatts (MW) to 77,446 MW since the beginning of the current Iranian calendar year (March 21, 2017), Tasnim news agency reported on Sunday. Nominal electricity generation capacity will reach 80,000 MW by summer 2018, according to Deputy Energy Minister Houshang Falahatian. The country increased […]

Iran’s deputy energy minister said the Japanese government had created a line of credit (LOC) worth 10 billion dollars for investment in and joint venture with Iran. Houshang Falahatian, Deputy Iranian Energy Minister, pointed to an ongoing seminar on Tehran-Tokyo cooperation on the sidelines of the 17th International Electricity Exhibition of Iran saying “at the […]

TEHRAN  – Head of Iran-Russia Joint Chamber of Commerce called for close economic interaction among all Caspian states, saying trade exchange should not be confined to three neighbors alone. Asadollah Asgaroladi urged on Sunday that Kazakhstan and Turkmenistan join the trade interaction among Iran, Russia and Azerbaijan. He said he has made a suggestion to […]

TEHRAN – Hosting 768 foreign and domestic companies, the 17th Iran International Electricity Exhibition (IEE) kicked off on Saturday at Tehran Permanent International Fairgrounds. Some 458 Iranian companies alongside 310 foreign exhibitors from 30 different countries including Germany, China, Turkey, Italy, Spain, Finland, Poland, United Kingdom, Sweden, UAE and Russia are showcasing their latest achievements […]

TEHRAN- Armenia has a trilateral agreement on natural gas supply from Turkmenistan via Iran on the agenda of discussions. Deputy Foreign Minister Shavarsh Kocharyan said this matter was talked about in October, during Prime Minister Karen Karapetyan’s visit to Iran, Armenia News reported on Saturday. But the matter is not so much about gas supply, […]

TEHRAN – The 13th International Trade Fair for Construction Machinery and Vehicles, Mining, Building Material Machines and Natural Stone Industry (IranConMin 2017) kicked off at Tehran Permanent International Fairgrounds on Saturday. Over 300 companies including 139 foreign exhibitors from different countries are participating in the four-day exhibition, IRNA reported. Spain, Australia, Austria, Italy, South Africa, […]

TEHRAN  – Iranian Oil Minister Bijan Namdar Zanganeh said France’s energy giant Total has started work on the country’s giant South Pars gas field. New US sanctions against Iran are unlikely to affect the country’s oil and gas contracts with foreign states, Zanganeh told reporters on Saturday. “Total has begun its work to develop Iran’s […]

TEHRAN- Petrochemical production in Iran has risen nine percent since the beginning of current Iranian calendar year (March 21) compared to the same period of time in the past year, according to Ali-Mohammad Bossaqzadeh, the production control director of National Petrochemical Company (NPC). The official put the country’s petrochemical output at 31 million tons since the […]