Iran produced 2.485 million barrels per day (bpd) of crude oil in July, registering a 28 percent increase compared to the same month in 2020, according to OPEC’s latest monthly report published on August 12.
News ID: 10295 Publish Date : 2021/08/23
Iran has sent a second cargo of refinery materials to Venezuela to help the country resume operation at the 955,000 barrel-per-day (bpd) Paraguana Refining Complex (CRP) in western Venezuela, Reuters reported, quoting people familiar with the matter.
News ID: 10176 Publish Date : 2021/02/15
According to a provincial official, 72 idle industrial units have been revived in Markazi Province, central Iran, during the first ten months of the current Iranian calendar year (March 20, 2020 – January 19, 2021).
News ID: 10139 Publish Date : 2021/02/08
The capacity of Iranian ports is expected to increase to 280 million tons by the end of the current government's incumbency (early August), according to the head of the country’s Ports and Maritime Organization (PMO).
News ID: 10138 Publish Date : 2021/02/08
Over the past few years and especially after the re-imposition of the U.S. sanctions on the Iranian economy, the country has started to follow new strategies in order to distance the economy from the reliance on foreign sources and also to empower the domestic productive sectors.
News ID: 10127 Publish Date : 2021/02/06
The Iranian banking system has paid 191 trillion rials (about $4.54 billion) of facilities to knowledge-based companies during the first nine months of the current Iranian calendar year (March 20-December 20, 2020).
News ID: 10096 Publish Date : 2021/01/31
According to a provincial official, 12 idle industrial units have been revived in Lorestan Province, in the west of Iran, in the current Iranian calendar year (began on March 20, 2020).
News ID: 10075 Publish Date : 2021/01/28
Head of Iran’s Planning and Budget Organization (PBO) said the government has managed to save 310 trillion rials (about $7.38 billion) during the first eight months of the current Iranian calendar year (March 20-November 20) by reducing the expenditures set in this year’s national budget law.
News ID: 10045 Publish Date : 2020/12/06
Iran’s trade with its top trading partner China stood at $11.19 billion in the first nine months of 2020, registering a 38.5 percent decline compared to the same period in 2019.
News ID: 10027 Publish Date : 2020/11/24
The Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati stressed controlling inflation as a major priority of the bank in the current economic condition, IRIB reported.
News ID: 9992 Publish Date : 2020/10/27
Central Bank of Iran (CBI) has managed to supply $5.267 billion for importing basic commodities in the first six months of the current Iranian calendar year (began on March 20), IRIB reported.
News ID: 9958 Publish Date : 2020/10/06
Iran, which has adopted the strategy of boosting its non-oil export to counter the U.S. sanctions on its economy, has many programs underway for the development of its ports, regarding the significant role of the ports in the promotion of exports.
News ID: 9898 Publish Date : 2020/09/24
Iranian Steel industry has been constantly developing over the past years against all the pressures and obstacles created by the outside forces like the U.S. sanctions and the coronavirus outbreak that has severely affected the performance of the world’s top producers.
News ID: 9867 Publish Date : 2020/08/26
Iranian Finance and Economic Affairs Ministry’s Deputy for Financial Supervision and Treasury Affairs issued a total of 820 trillion rials (about $19.5 billion) of Islamic bonds in the previous Iranian calendar year (ended on March 19), IRNA reported citing the deputy’s annual performance report.
News ID: 9852 Publish Date : 2020/08/26
Head of Iran’s Planning and Budget Organization (PBO) has said that offering shares of state-owned companies has brought the government 160 trillion rials (over $3.6 billion) in the first four months of the current Iranian calendar year (March 20-July 21).
News ID: 9810 Publish Date : 2020/08/09
The Central Bank of Iran (CBI) on Tuesday held the ninth round of its weekly government bond auctions through which it sold 44 trillion rials (about $1.04 billion) of bonds to banks and financial institutions, IRNA reported.
News ID: 9791 Publish Date : 2020/07/30
Iran’s Trade Promotion Organization (TPO) will hold the third meeting of its Commodity-Country Desk on trade with Iraq next week, Farzad Piltan, the director-general of TPO’s Office of Arabian and African Countries, announced.
News ID: 9762 Publish Date : 2020/07/25
Managing Director of Iranian Investment Petrochemical Group (IIPG) says nearly 44 trillion rials (about $1.04 billion) has been invested to construct four petrochemical parks across the country.
News ID: 9693 Publish Date : 2020/06/13
Head of Iran’s Budget and Planning Organization (BPO) announced that two sections of Zahedan-Chabahar railway are going to be completed by the end of the current Iranian calendar year (March 20, 2021).
News ID: 9602 Publish Date : 2020/05/28
Iranian President Hassan Rouhani ordered start of the jacket installation in the Block-B reservoir of South Pars gas field ‘s phase 11 of development via video conference on Thursday, Shana reported.
News ID: 9591 Publish Date : 2020/05/24