News Archive

Iran’s Gas Condensate Output Surges in Past 10 Months

(2/19/2020)

Iran’s production of gas condensate has witnessed a 5% rise in the last 10 months (March 21, 2019-January 20, 2020), in comparison with the corresponding period in the last year, said Managing Director of Iran’s South Pars Gas Company (SPGC) Hadi Hashemzadeh Farhang.

Tehran Unconcerned about FATF Decision

(2/19/2020)

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said on Tuesday that his country is not worried about the pending decision of the Financial Action Task Force on its case, adding that FATF is unlikely, though, to blacklist Tehran.

Iran Posts 3% Clearance of Foreign Debts

(2/15/2020)

A new report by the Central Bank of Iran (CBI) shows that the country has decreased its foreign debt by around 3% in a 9-month period between March and December 2019.

Need for making $33bn investment to reduce power plants’ gas consumption

(2/15/2020)

Iranian Deputy Oil Minister Hossein Montazer Torbati said that $33 billion worth of investment is needed for reducing gas consumption in power plants in the nationwide.

Major Iranian chlorine producer to break output record

(2/12/2020)

Arvand Petrochemical Plant has planned to launch a project that would enhance its chlorine output breaking the country’s production record of the item, the company’s CEO said.

Iran, Pakistan ink MoU for electronic exchange of customs data

(2/12/2020)

A Memorandum of Understanding (MoU) was inked in Islamabad on Mon. between Islamic Republic of Iran Customs Administration (IRICA) and Pakistan Customs on the electronic exchange of customs information.

Temporary unofficial marketplaces reopened in Kordesan prov.

(2/9/2020)

Temporary unofficial marketplaces were inaugurated in Kordestan province in the presence of Iranian Minister of Industry, Mine and Trade Reza Rahmani.

Iran’s Steel Exports Posts 25% Jump YoY

(2/8/2020)

TEHRAN (FNA)- Year-on-year comparisons show that Iran has registered a 25% rise in terms of exporting steel products in the first 10 months of the current local calendar year (from March 21, 2019 to Jan. 22, 2020).

Official: Iran Seizing Opportunity to Expand Relations with EAEU

(2/8/2020)

TEHRAN (FNA)- Head of Iran’s Chamber of Commerce, Industries, Mines and Agriculture Gholamhossein Shafeyee named trade with Eurasian Economic Union (EAEU) a golden chance for the country.

FDI at 50% growth in 10 months: finance min

(2/5/2020)

Minister of Economic Affairs and Finance (MEAF) Farhad Dejpasand said that Foreign Direct Investment (FDI) in the country registered a 50 percent growth in the 10 months of the current Iranian calendar year (from March 21 to Jan. 22) as compared to the last year’s corresponding period.