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CBI governor:
Foreign banks to open €22bn LOC for Iran
TEHRAN, Aug. 30 (MNA) – CBI Governor Seif said Lines of Credit (LOCs) worth 22 billion euros will be allocated to Iran in the near future for implementation of various projects.
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Rail official:
Iran-Afghanistan railway project 80% through
TEHRAN, Aug. 30 (MNA) – Deputy head of Iran Railways company said the railroad project to connect Iran to Afghanistan had made significant progress and was 80 per cent through.
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Russneft eager to bolster oil coop. with Iran
TEHRAN, Aug. 30 (MNA) – Deputy Iranian oil minister said Russneft was eager to launch cooperation with Iran on swap of crude oil as well as on expansion of Iranian oilfields.
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Deputy economy min.:
Iran to receive $30bn foreign finance
TEHRAN, Aug. 29 (MNA) – Deputy Economy Minister while noting an $8bn worth of finance for a contract with S Korea's Exim Bank, said that 29-30 billion dollars will also be invested in Iran in the near future.
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South Pars yields 1,000bn cubic meters of gas
TEHRAN, Aug. 29 (MNA) – SPGC managing director said a total of one thousand billion cubic meters of sour gas have been recovered from South Pars platforms since the first day of operation.
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Iran to uplift dairy, fishery exports to Russia
TEHRAN, Aug. 29 (MNA) – ICCIMA deputy head said, in view of existing capacities, Iran can turn into a supplier of dairy and fishery products to Russia and other Eurasian countries.
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Qeshm airport to offer services to passing flights
TEHRAN, Aug. 29 (MNA) – Qeshm Free Trade Zone and Ouj Fuel Supply and Airport Services Company Ali Harandi inked an MoU to supply fuel to domestic and foreign flights at Qeshm International Airport.
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Iran’s economy reassuringly stable: ICB Gov.
TEHRAN, Aug. 28 (MNA) – CBI governor, says that Iran’s economy is enjoying a stable status currently which makes it reassuring for investors, traders, and businesspeople.
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Iran to sign 10 new oil contracts: oil Min.
TEHRAN, Aug. 28 (MNA) – Serious negotiations to sign 10 new contracts have started, broke the news Iranian Oil Minister Bijan Zanganeh on Monday, according to the news department of Iran’s national radio.
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Iran, Indonesia to boost economic ties
TEHRAN, Aug. 28 (MNA) – Indonesian ambassador to Iran said trade turnover between Tehran and Jakarta, which stood at $338 million in 2016, could rise to a total 600 million dollars by the end of 2017.
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Gas condensate export from South Pars fields rise by 31%
TEHRAN, Aug. 28 (MNA) – A PSEEZ customs official said 18.812 million tons of gas condensate has been exported from South Pars fields over the past 12 months indicating a 31% growth in weight as compared to the earlier year.
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IUESA secy.:
Tehran has highest rate of viability among world cities
TEHRAN, Aug. 27 (MNA) – Seyed Mohsen Tabatabaei, Secretary of Iran Urban Economics Scientific Association (IUESA), has offered a 6-component model for urban ecosystem improvement in Tehran.
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Annual red meat output hits 830k tons
TEHRAN, Aug. 27 (MNA) – An official at Ministry of Agriculture said Iran produces over 830 thousand tons of red meat every year.
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Monthly inflation rate stands at 10%
TEHRAN, Aug. 27 (MNA) – Central Bank of Iran (CBI) has officially announced that the country’s inflation rate reached 10 per cent in the 12-month period leading to the previous Iranian calendar month (ended August 22).
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PTTEP, NIOC mull over oilfield survey results
TEHRAN, Aug. 27 (MNA) – Representatives of PTT Exploration and Production Public Company Limited (PTTEP), at a joint meeting with National Iranian Oil Company (NIOC), discussed results of studies over three Iranian oilfields.
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Oberbank CEO says enormous interest for Austrians contracting in Iran
TEHRAN, Aug. 26 (MNA) – Austrian daily Der Standard published an interview with Franz Gasselsberger, the CEO of Austria’s Oberbank, who says business with Iran is lucrative for Austria.
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Rail freight transit up by 75%
TEHRAN, Aug. 26 (MNA) – Deputy head of Islamic Republic of Iran Railways said volume of rail freight transit has increased by 57 per cent since the beginning of the current Iranian calendar year (began March 21).
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Oil min.:
Iran to construct Phase 2 of BIPC
TEHRAN, Aug. 26 (MNA) – Oil Minister Zanganeh reported on plans to build the second phase of Bandar Imam Petrochemical Complex (BIPC) situated in Khuzestan province.
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Iran, S Korea seal largest foreign loan agreement
TEHRAN, Aug. 24 (MNA) – Iran’s Ministry of Economic Affairs and Finance inked the largest post-JCPOA foreign loan deal with South Korea’s Exim Bank on Thursday.
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Two October surprises could boost oil prices above $50
TEHRAN, Aug. 23 (MNA) – Oil prices will remain stuck in a range near $50 a barrel unless one of two global hotspots delivers an October surprise to the market, jolting the cost of crude higher, according to Helima Croft, global head of commodity strategy at RBC Capital Markets.
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EGFI to back exports to Oman
TEHRAN, Aug. 22 (MNA) – Chairman of Export Guarantee Fund of Iran (EGFI) has voiced the Fund’s readiness to provide insurance coverage for exports of commodities to Oman.
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Reappointed oil min. delineates plans for new term
TEHRAN, Aug. 21 (MNA) – Bijan Zanganeh said priorities of Petroleum Ministry included signing major oil contracts, attracting foreign investment and technology to joint fields as well as boosting recovery factor.
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IME’s weekly trading value grows by 110%
TEHRAN, Aug. 21 (MNA) – During weekdays ending up to 17 August, while 869,759 MT of commodities worth over 429.5 million USD were traded in Iran Mercantile Exchange, the volume and value of trading experienced a growth of 110% and 63%, respectively.
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Pertamina to develop 2 oilfields in Iran
TEHRAN, Aug. 20 (MNA) – Indonesian state-owned corporation Pertamina has voiced readiness to expand two Iranian oil fields, Abteimour and Mansouri.
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FAO:
World facing worst food crisis in 70 year
TEHRAN, Aug. 20 (MNA) – The UN Food and Agriculture Organization (FAO) welcomes the UN Security Council's recognition of conflict as a major cause of famine, and the call to enhance longer-term recovery and resilience of conflict-affected countries.
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Iran deploys 2mn barrels of SPOL crude to East Asia
TEHRAN, Aug. 20 (MNA) – Iran’s Ministry of Petroleum announced that four crude consignments recovered from South Pars Oil Layer (SPOL) with an overall volume of two million barrels have been shipped to East Asian markets.
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Iran’s annual dairy output to hit 10mn tons
TEHRAN, Aug. 20 (MNA) – Deputy Iranian agriculture minister estimated that the country’s dairy production will exceed ten million tons in the present Iranian calendar year (to end March 21, 2018).
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Iran to launch agricultural cultivation in Uruguay
TEHRAN, Aug. 20 (MNA) – Deputy Iranian agriculture minister, while pointing to imports of rice from Uruguay, said Iran had made an overseas farming plan for cultivating rice in the South American country.
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Iran may start oil supplies to Russia within month
IZMIR, Aug. 19 (MNA) – Moscow and Tehran may shortly agree upon conditions for sale of 100,000 oil barrels per day, according to the Russian energy minister.
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Japan’s largest oil firm eager to invest in Iran
TEHRAN, Aug. 19 (MNA) – NIOC managing director said INPEX Corporation of Japan has voiced readiness to partake in development of Azadegan oil field in southwest Iran.