Iran to Increase Gas Exports
TEHRAN - Iran is about to raise gas exports to neighboring Iraq to 35 million cubic meters a day this year, head of the National Iranian Gas Company (NIGC) Hassan Montazer Torbati said.
INSTEX Not to Be Operationalized Unless London Wants
An especial-purpose vehicle and mechanism for facilitating the trade or financial interactions between small businesses of Iran and EU was established in January 2019 by France, Germany and the United Kingdom but so far no serious measure has been taken by EU to operationalize the mechanism.
MSC Sets New Record for Production
TEHRAN – Mobarakeh Steel Company set a new record in the first month of the Iranian calendar year (Farvardin) as its production exceeded half a million tons.
EORC Boosts Parts Production by 300%
TEHRAN – Head of Domestic Production Department of Esfahan Oil Refining Company (EORC) says the company’s manufacturing spare parts in the current year has increased by 300 percent comparing to the same period last year.
First Fully Home-Made 42-Megawatt Turbine Synchronized in Zahedan
TEHRAN – The CEO of MAPNA Group announced that the first fully home-made medium-scale power plant in form of scattered production with the 42-megawatt turbine was synchronized in Zahedan.
Economic Condition More Stable Than Last Year
TEHRAN – The CEO of Export Development Bank of Iran believes the economic and trade condition in many aspects is more stable than last year.
Oil Consumption to Hit a Peak by 2030
Exerting pressures on six countries, who enjoy waivers for Iran oil imports, to cut their oil purchases from Iran are in consultation stage and according to reports, legal and economic experts and elites believe that this pressure and imposition would be a chance for Iran to refer the case to the International Court of Justice in The Hague.
Iran-Turkey’s 30-Billion-Dollar Trade Balance Is Possible
TEHRAN – Iran’s Road and Urban Development Minister Mohammad Eslami says there is a strong determination among leaders of Iran and Turkey which can materialize the annual 30-biilon-dollar trade balance between both countries by boosting cooperation in the transport sector.
Cuban Companies Not Afraid to Work With Iran
TEHRAN - Cuban Ambassador to Iran Alexis Bandrich Vega has announced that Iranian companies and Cuban companies are not afraid to work with each other, because there are many sanctions imposed against both countries and both countries are resisting.
Iran Sanctioned for U.S. Oil Industry Boon
That they impose the toughest sanctions of the century on Iran and claim that Iran will be in a condition hard to breathe is just a transient delusion.