National Petrochemical Company output will increase 40% by 2021, Behzad Mohammadi, the new head of the company said Saturday. "The present annual production is 54 million tons and is programmed…
The National Iranian South Oil Company will finalize production, maintenance and enhancement contracts by the end of the current fiscal in March and contractors will start work on 14 major…
Two third-generation nuclear power reactors will begin operation this year in Finland and France, after years of delays and budget overruns, S&P Platts’ reported. The Finnish project is the…
The share of renewable energy in Mongolia's total electricity production has reached a record high in 2018, local media reported Monday. The share of renewable electricity generation rose to 16…
Talks to develop Farzad B gas field in the Persian Gulf are underway between Iran and India, but no decision has yet been taken, India’s outgoing ambassador to Tehran Saurabh Kumar said…
Households consumed a whopping 480 million cubic meters of natural gas in one day (Thursday) as the cold weather continued to sweep across the country, spokesman of the National Iranian Gas…
No 1224
Electronic payment network locally known as Shaparak processed an estimated 1.795 million transactions worth 2.2 quadrillion rials ($21 billion) during the Iranian month of Aban (Oct. 23-Nov. 21…
In next year's proposed budget the government is allowed to securitize up to 200 trillion rials ($2 billion) of its debts to banks.
President Hassan Rouhani on Wednesday struck an upbeat tone on the economy saying employment for the first time reached close to 24 million in the third quarter to November 22. Addressing…
Iran has reacted “patiently and responsibly” to Europe’s tardiness in fulfilling its promises to avert the United States’ sanctions against Tehran, but this approach should not be interpreted as…
Iran needs to increase its economic attachés, as the country is currently facing harsh sanctions, a lawmaker said. “Iran has business attachés in 30 countries … There is potential to put…
Iran needs to carry out substantial and wide-ranging economic reforms, if it wants its "Look East" policy to succeed during the sanctions era, a former diplomat said.
About 248 tons of modems worth $14.7 million were imported into Iran from seven countries during the first half of the current Iranian year (March 21-Sept. 22), data released by the Islamic…
Iran traded 7.17 million tons of non-oil commodities worth $3.18 billion with India during the first eight months of the current fiscal year (March 21-Nov. 21) to register a 7.82% and 5.34%…
The Statistics and Economic Analysis Center of Iran Chamber of Commerce, Industries, Mines and Agriculture has measured for the first time the purchasing managers’ index in Iran, under the Farsi…
A study of air quality conditions in Tehran shows that the metropolis took easier breath during the last month of 2018 compared to December 2017. Based on data published by Tehran Air Quality…
With the aim of making electric bikes affordable for the people, Tehran’s mayor says talks are underway between the municipality and local startups and knowledge-based companies to boost e-bike…
Installed capacity of power plants in Sistan and Baluchestan Province will double to reach 2,685 megawatts in two years, the Energy Minister said Tuesday at a meeting with officials in Zahedan,…
About 152 tons of saffron worth more than $240 million were exported from Iran during the first eight months of the current Iranian year (March 21-Nov. 21). According to Gholamreza Miri, the…
If OPEC does not follow through with its commitment to reduce oil production throughout this year, Brent crude prices could struggle to rise, according to J.P. Morgan’s head of Asia Pacific oil…
Iraq’s oil exports averaged 3.726 million barrels per day in December, a significant increase from the previous month, the oil ministry said on Wednesday. Exports from Iraq’s southern…
India’s biggest refiner Indian Oil Corp Ltd said Wednesday that Iran may still invest in a refinery expansion project at one of its subsidiaries. Indian Oil chairman Sanjiv Singh said Iran has…
Export from Khorasan Petrochemical Company increased by 12% in the first nine months of the current fiscal (March-December) compared to the corresponding period last year, the managing director…
Diverting water from the Caspian Sea to the drought-stricken Semnan Province in north central Iran, which is seen by many experts as a highly contentious issue, would cost between 70 cents and…
