• Iran discovers light oil in Abadan

    Iran discovers light oil in Abadan

    TEHRAN, Jan. 23 (MNA) – Oil Minister Bijan Zanganeh said Iran has discovered oil near Abadan, southwestern Khuzestan province, for the first time.

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  • Iran discovers light oil in Abadan

    Iran discovers light oil in Abadan

    TEHRAN, Jan. 23 (MNA) – Oil Minister Bijan Zanganeh said Iran has discovered oil near Abadan, southwestern Khuzestan province, for the first time.

  • Iran holds 2nd largest hydroelectricity power plant in ME

    IHA:

    Iran holds 2nd largest hydroelectricity power plant in ME

    TEHRAN, Jan. 23 (MNA) – The latest report of International Hydropower Association (IHA) shows that Islamic Republic of Iran accounts for second largest hydroelectricity power plant in terms of energy production capacity.

  • Tehran, Bern developing payment channel to bypass US sanctions

    Tehran, Bern developing payment channel to bypass US sanctions

    TEHRAN, Jan. 23 (MNA) – A special financial mechanism aimed at maintaining trade ties between Switzerland and Iran is ready for implementation, according to Sharif Nezam-Mafi, the head of the Iran-Switzerland joint chamber of commerce.

  • IPCC 2019 fair inaugurated in Tehran

    IPCC 2019 fair inaugurated in Tehran

    TEHRAN, Jan. 23 (MAN) – The 18th International Paint, Resin, Coatings, Composites & Plating Industries Fair (IPCC 2019) kicked off its work at the venue of Tehran Permanent International Fairgrounds this morning Jan. 23 in the presence of Spanish ambassador to Tehran and Bahman Hosseinzadeh Managing Director of Iran International Exhibitions Company (IIEC).

  • AzerMash-IKCO to launch mass production of 'Khazar Peugeot' in mid-Feb

    AzerMash-IKCO to launch mass production of 'Khazar Peugeot' in mid-Feb

    TEHRAN, Jan. 23 (MAN) – Emin Akhundov, chairman of the Board of AzerMash, said the Iranian and Azerbaijani joint car factory (AzerMash-IKCO) will start producing Peugeot in Neftchala Industrial Park, Baku, in mid-February.

  • Will Iran’s oil revenues satisfy next year’s budget expectations?

    By: Ebrahim Fallahi

    Will Iran’s oil revenues satisfy next year’s budget expectations?

    TEHRAN, Jan. 23 (MAN) – Despite enjoying a great variety of income sources besides oil, Iran is undeniably dependent on oil revenues for managing its financial affairs. According to economists, near 70% of the Iranian government’s total income comes from selling oil and oil products.

  • NIOC subsidiaries sign 9 maintenance, EOR deals with domestic firms

    NIOC subsidiaries sign 9 maintenance, EOR deals with domestic firms

    TEHRAN, Jan. 23 (MAN) – The subsidiaries of the National Iranian Oil Company (NIOC) signed 9 contracts with local contractors on maintaining and enhancing the production capacity of a number of Iranian oil and gas fields.

  • NIOC to issue fixed rate bonds to finance projects

    NIOC to issue fixed rate bonds to finance projects

    TEHRAN, Jan. 23 (MNA) – The National Iranian Oil Company (NIOC) is planning to issue $712 million (Rls. 30 trillion) in fixed rate bonds by the end of the current calendar year to March 20 in order to finance projects aimed at maintaining and enhancing production capacity of oil and gas fields.

  • 1-million-ton steel ingot plant launched in Bardsir

    1-million-ton steel ingot plant launched in Bardsir

    TEHRAN, Jan. 22 (MNA) – First Vice President Es’hagh Jahangiri inaugurated Bardsir Steel Making Plant in Kerman province on Tue. in a ceremony attended by Minister of Industry, Mine and Trade Reza Rahmani, governor general of Kerman province and a number of city and provincial officials.

  • Pakistan stresses trade coop. with Iran

    Pakistan stresses trade coop. with Iran

    TEHRAN, Jan. 22 (MNA) – In his meeting with Iranian Ambassador to Pakistan Mehdi Honardoost, Asad Qaiser Speaker of the National Assembly of Pakistan highly regarded the importance of enhancing relations with Iran.

  • Major pellet production plant launched in Kerman

    Major pellet production plant launched in Kerman

    TEHRAN, Jan. 22 (MNA) – Butia iron ore pellet production plant, a subsidiary of Butia Iranian Steel Company (BISCO), was inaugurated by First Vice President Es’haq Jahangiri on Tuesday.

  • Apparel exports up by 60% in nine months

    Apparel exports up by 60% in nine months

    TEHRAN, Jan. 21 (MAN) – The Director General of Textile and Clothing Office of the Ministry of Industry, Mine and Trade Afsaneh Mehrabi said that exports of apparel and clothing increased 60 percent in the nine months of the current year (March 21 – Dec. 21).

  • Cast iron, iron, steel exports hits 37% growth in nine months

    IRICA:

    Cast iron, iron, steel exports hits 37% growth in nine months

    TEHRAN, Jan. 21 (MAN) – Latest statistics of the Islamic Republic of Iran Customs Administration (IRICA) said that country’s exports of cast iron, iron and steel increased 37 percent in the nine months of the current Iranian calendar year (March 21 – Dec. 21) as compared to the same period of last year.

  • Somar border crossing briefly shut by Iraq authorities

    Somar border crossing briefly shut by Iraq authorities

    TEHRAN, Jan. 21 (MNA) – The governor of the border town of Gilan-e Gharb said Mon. that the border crossing of Somar has been closed by the Iraqi authorities on the other side of the border until further notice.

  • Iran, Pakistan cargo train service resumed

    Iran, Pakistan cargo train service resumed

    TEHRAN, Jan. 21 (MAN) – Pakistan and Iran train services have been restored after completing the rescue activities here on Sun.

  • Saffron price hits $2600 per Kg in current Iranian year

    Saffron price hits $2600 per Kg in current Iranian year

    TEHRAN, Jan. 21 (MAN) – Gholamreza Miri, the deputy head of the national council of saffron, announced a 15% increase in saffron production in the current Iranian year, saying the price has been stabilized in the market due to the balance between supply and demand.

  • Fuji Oil loads Iran crude, first cargo bound for Japan since US sanctions waiver

    Fuji Oil loads Iran crude, first cargo bound for Japan since US sanctions waiver

    TEHRAN, Jan. 21 (MNA) – Fuji Oil has loaded Iranian crude oil, the first cargo being lifted by the Japanese refiner since the country won a 180-day waiver from the US to import oil from Iran, a company official told S&P Global Platts Monday.

  • Kish Island to host intl. oil expo

    Kish Island to host intl. oil expo

    TEHRAN, Jan. 20 (MAN) – The 15th International Oil and Energy Exhibition is scheduled to be held in Kish Island, in the Persian Gulf, from January 21-24.

  • Rajaei Port cargo loading/unloading top 55m tons in months

    Rajaei Port cargo loading/unloading top 55m tons in months

    BANDAR ABBAS, Jan. 20 (MNA) – About 55 million tons of oil and non-oil commodities were loaded and unloaded in the Shahid Rajaei Port, southern Hormozgan Province, during the past nine months of the current fiscal year (March-December 2018), a senior official at Ports and Maritime Organization said.

  • Shrimp exports exceed 24,000 tons in 9 months

    Shrimp exports exceed 24,000 tons in 9 months

    TEHRAN, Jan. 20 (MNA) – Iran has exported over 24,000 tons of farmed shrimp since the beginning of the current fiscal year (March 21, 2018), a senior official the Ministry of Agriculture said.

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