Pars Oil and Gas Company has completed installing offshore platform 14C in the giant South Pars Gas Field in the Persian Gulf where sour gas extraction started on Saturday. According to…
The government of President Hassan Rouhani is mulling reintroduction of the gasoline rationing system that ended in 2015 and the restrictions could, and very likely will, harm ride-hailing…
The Roadside Assistance Company has started offering an emergency GPS-based on-demand service to drivers in case of breakdowns. After contacting the firm, instead of giving their address to the…
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A group of trade ministers from around the world voiced their support for strengthening the World Trade Organization at a time when the US administration has threatened to pull out of the body…
President Hassan Rouhani congratulated Austria on its National Day, voicing Tehran’s readiness to expand constructive relations with Vienna. In a message on Friday, Rouhani congratulated his…
Russia underscored its uncompromising position on the illegitimacy of the United States' sanctions against Iran, vowing to minimize their impact on Moscow-Tehran economic relations. In a…
A top EU diplomat reiterated the bloc’s intention to continue defending the 2015 Iran nuclear deal as an outstanding achievement of multilateral diplomacy in collaboration with the United…
The Russian Foreign Ministry announced on Wednesday that Ankara, Moscow and Tehran have agreed on accelerating the process of forming a Syrian constitutional committee to contribute to the peace…
Sunday marks the first offering of crude oil for export on Iran Energy Exchange (IRENEX) days before new US sanctions on petroleum sector take effect. The country had made several…
The average price to earnings ratio of Tehran Stock Exchange-listed companies stood at 10.75 on October 22. This is while 97 companies at TSE have a P/E ratio of higher than 20, 98 companies…
Despite rumors on social media regarding closure of Iranian bank accounts in Oman, the head of Iran-Oman Joint Chamber of Commerce Mohsen Zarabi has said that no Iranian bank account has been…
The banking system lent more than 36 trillion rials ($261.8 million) to 1,043 knowledge-based companies during the first half of the current fiscal (March-September), the Central Bank of Iran…
Iran accounts for 98% of world barberry production, an official with the Agriculture Ministry said. Davoud Habibi also said barberry cultivation has created 50,000 direct and indirect jobs in…
Iran is increasingly focusing on citizens from neighboring Iraq to boost its tourism sector. Iraqi citizens have traditionally constituted a major share of total inbound tourists to Iran, but…
Norway's Ambassador to Iran Lars Nordrum has met with top representatives of the Islamic Republic's private sector to discuss ways of boosting bilateral ties in the face of returning US…
The Iranian government earned 4.1 trillion rials ($29.39 million) from departure tax, which it charges outbound tourists upon departure, during the first five months of the current fiscal year (…
Iranian steel mills produced a total of 18.52 million tons of crude steel during the first nine months of 2018, up 20% compared with last year’s corresponding period.
The export price index stood at 849.2 for the sixth month of the current fiscal year (Aug. 23-Sept. 22), registering a 25.9% increase compared with the preceding month and a 240.6% rise…
A new European Union mechanism to facilitate payments for Iranian exports should be legally in place by Nov. 4, when the next phase of US sanctions hit, but will not be operational until early…
A 100-kilowatt solar power plant opened in the city of Anar in southern Kerman Province. Built over an area of 4,000 square meters, the project was completed in six months and will be…
Plans are underway to install a new boiler in Abadan Oil Refinery's gas-fired power plant to reduce power consumption in the sprawling complex, the chief engineer said. "The project, worth $6…
The 230-kilovolt double-circuit Seimare-Abdanan-Dehloran transmission line in western Ilam Province was launched Thursday in the presence of the Energy Minister Reza Ardakanian.
OPEC's key technical committee is examining the oil market outlook for 2019 as the group tries to balance supply concerns from Iran and other vulnerable producers along with the possibility of a…
Iran’s Communication Regulatory Authority has released the results of its third nationwide survey on customer satisfaction with broadband Internet services.
