Tuesday, 18 March , 2025
  • Iran to Expand Shipping Lines to West and Southwest Africa 17 Mar 2025

    Iran to Expand Shipping Lines to West and Southwest Africa

    TEHRAN - Iran is set to bolster its maritime trade links with West and Southwest Africa, following a decision by the Africa Committee chaired by the First Vice President, according to Mohammadreza Safari, Acting Director General for Africa at Iran’s Trade Promotion Organization (TPO). This move aims to enhance Iran’s economic footprint on the continent, building on existing shipping routes and trade relationships.

Iran's 1st flare gas recovery deal inked with France 10 Sep 2017

Iran's 1st flare gas recovery deal inked with France

TEHRAN- The National Iranian Oil Company (NIOC) signed the first deal on flare gas recovery and utilization with a consortium comprising France’s Sofregaz Company and Iran’s Sanat Sazeh Samin Company in Tehran on Wednesday. The deal valued at €41.857 million to be funded by NIOC is on recovery and utilization of about half million cubic […]

Economic growth touches 7% in 3 months yr/yr 10 Sep 2017

Economic growth touches 7% in 3 months yr/yr

TEHRAN- According to the latest data released by Statistical Center of Iran (SCI), the country’s economic growth was seven percent, including oil revenues, for the first three months of the current Iranian calendar year (March 21-June 21, 2017). As reported, economic growth, excluding Iran’s oil income, in the said period reached 6.5 percent, compared to […]

Iranian, Indian companies agree on joint industrial production 10 Sep 2017

Iranian, Indian companies agree on joint industrial production

TEHRAN- In a meeting between Managing Director of Industrial Development and Renovation Organization of Iran (IDRO) Mansour Mo’azzami and some high ranking officials and managers from Indian companies active in various industrial sectors the two sides accorded to collaborate on joint industrial production activities. As the official website of IDRO reported, Co-Chairman of Confederation of […]

Iranian oil delivery to Russia being worked out: Novak 10 Sep 2017

Iranian oil delivery to Russia being worked out: Novak

TEHRAN- Russian Energy Minister Alexander Novak said that supply of Iranian oil to Russia under the oil-for-goods mechanism is being worked out. This issue is still under discussion, the minister told TASS. Earlier Novak said that a contract with Iran to supply 100,000 barrels of oil per day to Russia has already been concluded. The […]

Iran’s gas export up 64% in 5 months yr/yr 10 Sep 2017

Iran’s gas export up 64% in 5 months yr/yr

TEHRAN- Iran exported over five billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), a 64 percent rise from 3.2 bcm in the same period of time last year, according to a gas official. Mehdi Jamshidi Dana, the dispatching director of National Iranian […]

Iranian, Venezuelan private sectors investigate further economic co-op 10 Sep 2017

Iranian, Venezuelan private sectors investigate further economic co-op

TEHRAN- Representatives from Iranian and Venezuelan private companies and firms studies avenues of boosting mutual economic and trade cooperation in Venezuela on Thursday. As IRNA reported, as well as expansion of mutual economic bonds, the two sides discussed Iranian companies’ future activities in the Venezuelan markets under the recent circumstances of the South American country. […]

Imports from U.S. drops 51% in 7 months: ASA 10 Sep 2017

Imports from U.S. drops 51% in 7 months: ASA

TEHRAN- Iran’s imports from the United States dropped 51 percent during the first seven months of 2017 and reached $48.1 million, compared to the same period in the preceding year. According to the latest report released by American Statistical Association (ASA), Iran-U.S. trade transactions in the said seven-month-period registered a 37-percent-decrease and fell to $87.3 […]

Iran’s Oil Output to Reach 4.5mln bpd in 5 Years 08 Sep 2017

Iran’s Oil Output to Reach 4.5mln bpd in 5 Years

TEHRAN – CEO of the National Iranian Oil Company (NIOC) Ali Kardor said Iran will reach an oil production rate of 4.5 million barrels per day (bpd) within five years. Iranian gas production will reach 1.3 billion cubic meters per day and production of gas condensate will reach 864,000 bpd in the next five years, […]

Iran to Receive 2 New ATR Planes in Weeks 07 Sep 2017

Iran to Receive 2 New ATR Planes in Weeks

Two of the other brand-new turboprops Iran has purchased from ATR aircraft manufacturer will arrive in the country during the next Iranian month, CEO of Iran Air Farzaneh Sharafbafi announced. According to the top official, Iran will have the two new passenger planes delivered in the month of Mehr (September 23 – October 22). Iran […]

Canada Auto Sales Keep Climbing 07 Sep 2017

Canada Auto Sales Keep Climbing

Canadian auto sales rose 6.9% in August, according to data released on Tuesday, as the industry benefited from a robust economy and rising consumer confidence. In a strong finish to the summer, about 183,945 units were sold last month in the country, a report from Global Automakers of Canada showed, Reuters reported. That number raises […]