Deep-sea explorations, curbing evaporation and transferring (desalination) water from the Oman Sea to Sistan-Baluchestan Province are three major strategies to solve the worsening water crisis…
Oil hit a two-month high above $63 a barrel on Monday as OPEC-led supply cuts and US sanctions against Venezuela’s petroleum industry offset forecasts of weaker demand and an economic slowdown…
Energy Minister Reza Ardakanian says the electricity export bill to Iraq over the past 15 years amounts to $6 billion. "The neighboring country has paid $5 billion of and the rest is…
Japan's largest refiner JXTG Nippon Oil & Energy is set to resume loading of Iranian crude oil as early as Monday, almost three months after the US sanctions waiver was granted. S&P…
More than 3,200 foreigners travelled to Chabahar in Iran's Southeastern Province of Sistan-Baluchestan, during the first nine months of Iranian fiscal year (March,…
No 1251
Iran attracted $5.02 billion in direct foreign finance in the previous fiscal (March 2017-18), the Plan and Budget Organization said in a report. According to a report released by the PBO…
The Swiss government is moving ahead with plans to unveil a humanitarian payment channel for Iran through complex negotiations with different parties in Iran, the US and Switzerland.
Tehran Stock Exchange main index TEDPEX slid 2,500.04 or 1.56% on Sunday to finish the session at 157,355.4. The junior exchange Iran Fara Bourse was down 31.04 points or 1.6%. This is…
There is ground for optimism that other European countries as well as Russia and China will later join a financial system for trade with Iran that currently involves France, Germany and Britain…
The Financial Action Task Force, which is in charge of monitoring money laundering and other financial malpractices worldwide, should take into account Iran’s exhaustive lawmaking process before…
Construction of a combined-cycle power plant in Sabzevar, Khorasan Razavi Province, started on Saturday. With 546 megawatt capacity, the plant will help develop regional power infrastructure,…
About 16.56 million tons of non-oil commodities worth $9.07 billion were exported from the southern Bushehr Province during the 10 months to Jan. 20, registering a 46% growth in value, while…
A local vocational university affiliated to the ICT Ministry has introduced 150 instructors to the General Staff of the Armed Forces, who will provide conscripts with training in the fields of…
Iran is set to launch satellite ‘Dousti’ into space in the coming weeks, the ICT minister told a conference in Tehran on occasion of National Space Technology Day. “In the coming weeks, Dousti…
A memorandum of understanding for the construction of 44 vessels worth €140 million was signed by Minister of Defense and Armed Forces Logistics Amir Hatami and Roads and Urban Development…
Tehran Mayor Pirouz Hanachi submitted the capital city’s budget for the next fiscal year (March 2019-20) to Tehran City Council on Sunday. The budget stands at 189.3 trillion rials ($1.57…
To help avoid power outages in summer, Tehran Province Electricity Distribution Company is renovating the power grid, the managing director said. Hossein Sabouri said $3 million is spent per…
US crude exports to Asia are set to swell over March and April as a drop in freight rates makes US cargoes more competitive against barrels from Asia or the Middle East, according to market…
Royal Dutch Shell plc, through its subsidiary Shell Brasil Petroleo Ltda. and consortium partners have announced the start of production at the Lula North deepwater project in the Brazilian…
Exxon and Qatar Petroleum will proceed with a $10 billion expansion of their Golden Pass liquefied natural gas import terminal in Texas to turn it into an export facility as well, Reuters…
To raise crude output in shared reservoirs with Iraq, Iran's Petroleum Engineering and Development Company is installing skid-mounted modular mini refining units in South Azadegan Oilfield in…
South Khorasan Regional Electricity Company has installed 30 solar panels for 80 nomadic families in underprivileged areas over the last 10 months, managing director of the provincial Nomadic…
No 1250
The Central Bank of Iran unveiled its draft policy on cryptocurrencies and invited experts and industry players to send their suggestions. At the vanguard of the cryptocurrency…
