Iran’s Plan and Budget Organization (PBO) signed a memorandum of understanding (MoU) with three Iranian banks for supporting the saffron industry.
Iranian steelmakers produced over 16.2 million tons of crude steel during the first seven of 2020.
The supply of natural gas to power plants across the country increased by two billion cubic meters (bcm) in the four months ending July 21, allowing the country to earn $1 billion from exports of the substituted gas oil.
By using domestically-made equipment, Iran saved €1.5 billion in its steel industry for 12 years, said an official of Iranian Mines and Mining Industries.
Iran is expecting a moderate 15 percent in.crease in annual fishery production in the current calendar year.
Iranian steelmakers exported 1,041,000 tons of steel ingots (billet, bloom, and slab) during the first three months of the current Iranian year.
Iran is expected to increase its annual gold production to 10 tons by March 2021.
Iran authorities say conditions governing the country’s long-term contracts for exports of natural gas should change to adapt to a market that has been affected by the coronavirus pandemic.
Arvand Free Zone won the Specialized Steel Industry Award and the Top Region Award for Infrastructure Development Among Free Zones in the World by Financial Times Magazine in year 4.
The value of Iran’s exports to the Eurasian Economic Union (EEU)’s member states rose 72 percent during the first ten months of the current Iranian year.