TEHRAN – The first phase of Shahid Beheshti Port in Chabahar, southeastern Iran, will be inaugurated by early December with an estimated investment of $1 billion. Mohammad Rastad, managing director of Ports and Maritime Organization (PMO), announced that the inauguration ceremony will be attended by President Hassan Rouhani, top officials from 27 countries, as well […]

Energy scholar at the Middle East Institute, Rauf Mammadov believe Global economy will benefit from economic integration of Iran, Russia and Azerbaijan in the important region located on crossroads of China’s One Road, One Belt Policy. Tripartite meeting of the Iran, Russia and the Republic of Azerbaijan’s leaders was held in Tehran on Nov 2. […]

TEHRAN – Austrian ambassador in Tehran expressed his country’s willingness for increasing the volume of trade with Iran, the portal of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) reported on Wednesday. Stefan Scholz made the remarks in a meeting with Gholam-Hossein Shafeie, head of ICCIMA in Tehran. In the meeting, Shafeie mentioned Iran […]

TEHRAN- Iranian businessmen are exploring expansion of trade and exports opportunities in Philippines, Malaya Business Insight reported on Monday. Oil, fertilizer, coal, and cement are the fields of interest. The governments of Iran and the Philippines are exploring the possibility of sourcing crude oil from the former which would be refined in a third country […]

TEHRAN – The price of Iran’s light crude oil in the week ended on November 3 rose $2.59 to stand at $60.04 per barrel, IRIB reported on Sunday. The country’s light oil price was reported $50.39 on average since the beginning of 2017 until November 3. According to the report, Iran sold its heavy crude […]

TEHRAN- Iranian Deputy Industry Minister Reza Rahmani said the Industry Ministry plans to set up 6,000 new industrial units creating 50,000 jobs in the country by the end of current Iranian calendar year (march 20, 2018), IRNA reported. Mentioning production flourishing one of the main policies of Resistance Economy, the official announced that some 50 […]

TEHRAN – Phil Hogan, European Union commissioner for agriculture and rural development, has predicted a bright future for economic cooperation between Iran and the European Union, particularly in food and agriculture sectors. “We seek to tighten bilateral ties between Iran and the EU which secures interests of both sides,” he said. Hogan, leading a 70-member […]

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- 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 […]

TEHRAN- The National Iranian Oil Company (NIOC) and the Norwegian Offshore Resource Group (ORG) inked a memorandum of understanding (MOU) on cooperation in conducting development studies on Sardar-e-Jangal oilfield and the exploratory blocks of 24, 26 and 29 in the Caspian Sea. The MOU was signed in Tehran on Tuesday by Mohsen Delaviz, the managing […]