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economy Archives - Page 12 of 14 - Iran News Daily
6,000 new industrial units to be established by Mar. 2018 12 Nov 2017

6,000 new industrial units to be established by Mar. 2018

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 […]

Bright future for Iran-EU economic co-op 12 Nov 2017

Bright future for Iran-EU economic co-op

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 […]

Iranian Official Urges Pan-Caspian Trade 05 Nov 2017

Iranian Official Urges Pan-Caspian Trade

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 […]

Petchem production up 9% in Iran 04 Nov 2017

Petchem production up 9% in Iran

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 […]

Norway’s ORG to conduct study on Iranian oilfield in Caspian Sea 03 Nov 2017

Norway’s ORG to conduct study on Iranian oilfield in Caspian Sea

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 […]

Iran’s NIOC, Russia’s Rosneft Eye $30bln in Oil, Gas Projects 02 Nov 2017

Iran’s NIOC, Russia’s Rosneft Eye $30bln in Oil, Gas Projects

TEHRAN – The head of Russia’s state-controlled oil giant Rosneft said it has signed a road map with the National Iranian Oil Company (NIOC) to implement “strategic” projects in Iran, the head of Igor Sechin said on Wednesday that the deal paved the way for legally-binding documents to be signed within a year, according to […]

Iran’s 7-month non-oil trade up 6.2% yr/yr 01 Nov 2017

Iran’s 7-month non-oil trade up 6.2% yr/yr

TEHRAN- The value of Iran’s non-oil trade with foreign partners reached $52.527 billion during the first seven months of the current Iranian calendar year (March 21- October 22), up $3.59 billion or 6.2 percent from the same period last year, Tasnim reported on Tuesday. The country’s foreign trade stood at $49.468 billion during the last […]

Iran’s Crude Exports Set to Fall in Oct. to 16-Month Low 28 Oct 2017

Iran’s Crude Exports Set to Fall in Oct. to 16-Month Low

TEHRAN  – Iran’s total crude and condensate exports for October are expected to tumble by nearly a fifth from the previous month to a 19-month low, a source said. Crude and condensate exports for October will be 2.09 million bpd, the lowest since March 2016, down from 2.57 million bpd in September dented by production […]

China’s August imports of Iranian oil up 59% 26 Oct 2017

China’s August imports of Iranian oil up 59%

TEHRAN – China’s September oil imports from Iran increased 59 percent from the same month a year earlier, Reuters reported citing the country’s customs data. The country Shipped in about 784,060 barrels per day (bpd) or 3.22 million tons of Iranian crude in September, compared with 1.9 million tons in the same period in 2016. […]

Tehran hosting 4 international expos 26 Oct 2017

Tehran hosting 4 international expos

TEHRAN- The Iranian capital is simultaneously hosting four international exhibitions from October 25 to 28 at the Tehran Permanente International Fairground, IRIB news reported on Wednesday. The three international exhibitions include the 4th International Exhibition of Footwear, Bag, Leather and Related Industry, the 16th International Exhibition of Heating, Cooling, Ventilating, Air Conditioning and Refrigerating, and […]