China's Foreign Minister Wang Yi called on the United States to "act with caution" regarding its Iran policies to avoid escalating tensions that could lead to an unintended serious conflict…
France’s Total has halted some of the units at its 230,000-barrel-per-day Leuna refinery in Germany to conduct technical checks after contaminated Russian crude oil was found to have flown via…
A month before OPEC and allies are set to discuss the future of their production cut deal, the leader of the non-OPEC group, Russia, appears to have finally fallen in line with its share of the…
National Iranian Oil Company has employed new tactics and chosen new destinations in shipping oil following the re-imposition of US sanctions, maritime affairs deputy director at Iran’s Ports…
Use of nano air filters in cars helps decrease fuel consumption by up to 15%, said Shahpour Pirouzi, the managing director of Fara Negar Shargh Company. As one of the largest manufacturers of…
The National Iranian Oil Company is interested in working with local firms willing to take a reasonable amount of risk, including uncertainty in international markets, tech issues, project-…
Iran became a permanent member of the Council for Rail Transport of the Commonwealth of Independent States during the council’s 70th meeting held in the Finnish capital, Helsinki, on May 14-15…
Iran traded 1.1 million tons of non-oil commodities worth $816.76 million with Latin American countries in the last fiscal year (ended March 20, 2019) to register a 22.28% and 29.88% decline in…
Lloyd's of London insurance market has widened its list of areas in and around the Persian Gulf posing "enhanced risk for marine insurers" after attacks on ships off the UAE. Lloyd's said that…
The Export Guarantee Fund of Iran is stepping up efforts to promote non-oil exports to Iraq by offering lower premium rates and cheaper guarantee cover. On the sidelines of a monthly meeting of…
In a move to facilitate crude oil sale on the Iran Energy Exchange, the National Iranian Oil Company has adjusted some of its purchasing terms for the next round of offer scheduled for May 21.…
The National Development Fund of Iran, the sovereign wealth fund, plans to lend $10 billion in foreign currency for private sector projects in the current fiscal (March 2019-20). …
In an effort to expand the aging public transportation system in the capital, Tehran Bus Company plans to add 117 new minibuses to the fleet in six months. According to Peiman Sanandaji, the…
The eastern flank of Tehran Metro’s Line 7 will become operational in the current Iranian year (started March 21), CEO of Tehran Metro Group says.
Major Iranian car companies are grappling with two main problems: lack of auto parts that have caused a sharp decline in production and a failure to clear the piling backlog of car orders they…
Iran does not want to see anything happen that could further raise tensions in the region, says a senior diplomat, who insists that war is not an option for the country.
Iranian officials should opt for diplomacy and dialogue to calm the escalating tensions over the nuclear issue, as it is the most effective solution to address the growing challenges confronting…
Iran decided to halt some of its nuclear commitments to prevent the "total collapse" of its 2015 deal with world powers and its next potential steps will not constitute a breach of the agreement…
An estimated one million cubic meters of wastewater was transferred from the South Tehran Wastewater Treatment Complex to Tehran Oil Refinery in the last eight months, deputy operations manager…
The second phase of Ilam Gas Refinery in the western province of the same name will be constructed in the near future and will production by 50%, the managing director of the refinery said.…
Over 6,000 megawatts have been added to installed power capacity in the past two years, and hydroelectric power plants are in the best conditions due to the heavy rains in the past months.…
Despite sanctions and limitations on international money transfer, Iran will import 1.1 million tons of raw vegetable oil, including those from soybean, sunflowers, palm and sesame, in the…
Bank Maskan, the state-run agent bank of the housing sector, granted a total of 228,949 home loans worth 113.83 trillion rials ($775 million) in the last Iranian year that ended on March 20,…
Iran traded 13,798 tons of non-oil commodities worth $26.7 million with Belarus in the last Iranian year (ended March 20, 2019) to register a 39.7% and 20.89% decline in tonnage and value…
Iran traded 71.15 million tons of non-oil commodities worth $36.38 billion with the Organization of Islamic Cooperation’s member states in the last Iranian year (ended March 20, 2019) to…
