Downward Inflation Rate Predicted for Next Year
Governor of Iran’s Central Bank in a TV program said that the inflation rate for next year is predicted to go downward adding that since the beginning of President Seyed Ebrahim Raisi’s government, the inflation rate has declined from 59.3% to 39.9% and reiterated that the current excited forex rate will cool down.
Iran’s Q3 average oil output rises 11,000 bpd: OPEC
Iran’s average oil production in the third quarter of 2022 stood at 2.566 million barrels per day (bpd), 11,000 bpd more than the figure for the second quarter of the year, according to OPEC’s latest monthly report published on Wednesday.
Iran, China Reach Good Agreement on Joint Oil, Gas Fields
Referring to the Chinese Deputy Prime Minister's visit to Tehran, the Iranian Oil Minister announced that good agreements were agreed upon with the Chinese side regarding the development of oil and gas fields.
Online B2B Meeting Between Iranian, Spanish Businessmen
Iran Chamber of Commerce, Industry, Mine and Agriculture (ICCIMA) launched a three-day online B2B meetings between businessmen of Iran and Spain which kicked off yesterday.
Iran Ready for Drilling in Arash Field
The CEO of National Iranian Oil Company (NIOC) says Iran is ready to have drilling operation in the Arash gas field as the country is ahead of Kuwait and Saudi Arabia in planning.
Tehran, Moscow Discuss Joint Production of Passenger Planes
Iran and Russia are discussing joint production of passenger planes with a capacity of 70-150 seats, Deputy Industry, Mining and Trade Minister Manochehr Manteghi says.
China’s Direct Investment in Iran “Insignificant”
–Head of Investment and Consultancy Center of Tehran Chamber of Commerce, Industry, Mine and Agriculture (TCCIMA) says China has financed in several projects in Iran but its direct invest in Iran has been very insignificant because business and investment security in Iran is very low and countries do not tend to have direct investment in places where investment security has not been reinforced or its infrastructures are not prepared.
Tehran, Beijing Finalize MoUs to Implement 25-Year Deal
Iran and China finalize 16 understandings between the two countries to implement their 25-year roadmap for strategic partnership, Minister of Economic Affairs and Finance Ehsan Khandozi says.
Iran Able to Export Electricity to Europe and India
Head of Board of Directors of Iran Electrical Industry Syndicate (IEIS) says Iran is able to export electricity to Europe and India with developing its power plant and transmission networks infrastructures as well as managing domestic consumption.
Expanding Economic Ties With Asian States Among Iran Priorities
Foreign Minister Hossein Amirabdollahian says Iran attaches great significance to further expansion of its economic cooperation with Asian partners.