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 […]

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 […]

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 […]

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. […]

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 […]

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, […]

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 […]

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 […]

Australia’s economy has grown for 26 years without a recession, an extraordinary achievement in a volatile world still aching from the global financial crisis. But many Australians feel they don’t share in that prosperity and are going backward financially, a symptom of a hidden driver behind Australia’s economic success—population growth, AP reported. Data released by […]

France plans to pass legislation by the end of 2017 to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the first country to do so, according to a draft bill presented on Wednesday. French President Emmanuel Macron wants to make the country carbon neutral by […]