Home / Economy

Economy

Rise in steel ingot production

Rise in steel ingot production

Reports on the major Iranian steel production units indicate that the total steel ingot production rose 6,286,199 tons In the similar period last year, 5,456,221 tons of steel ingot were produced. Thus, the production of steel has grown by fifteen percent. According to official international reports, Iran is among the …

Read More »

IRISL ready to counter sanctions

IRISL ready to counter sanctions

Speaking during a press conference, Moqimi said that IRISL was in charge of shipping the Iranian oil during the previous round of sanctions on the country and the shipping process was not halted even for a single day. 9341**2050Follow us on Twitter @IrnaEnglish www.irna.ir

Read More »

China to buy Iran oil regardless of US sanctions

China to buy Iran oil regardless of US sanctions

'Chinese companies need the Iranian oil in any circumstances and will continue to buy it,' said Andrey Yu. 'China doesn’t pay attention to the US sanctions on Iran; it is a routine between Iran and China and has nothing to do with the US. Oil, gas and trade shouldn't be …

Read More »

Iran offers a discount on its oil: Informed source

Iran offers a discount on its oil: Informed source

The move is taken based on norms of the market and in harmony with discount given by other oil exporters, the source told Islamic Republic News Agency (IRNA).'Discount is part of the nature of the global markets being offered by all oil exporters,' the source added.He made the remarks commenting …

Read More »

Iran to export electricity to Russia via Azerbaijan/Armenia: Minister

Iran to export electricity to Russia via Azerbaijan/Armenia: Minister

Connection of Iran's electrical grid to that of Europe is seriously followed and we have different scenarios for that, Reza Ardakanian told the Islamic Republic News Agency (IRNA) on Monday.One of the options is being through Iran's two northern neighboring countries (Armenia and Azerbaijan), said the minister. Commenting on the …

Read More »

Investors eyeing Iran's petrochem: Official

Investors eyeing Iran's petrochem: Official

'The US withdrawal from the nuclear deal has not affected the Chinese investors' engagement with Iran's petrochemical industry,' Hossein Alimoradi Head of investment department at Iran's National Petrochemical Company (NPC) told Islamic Republic News Agency (IRNA).Referring to an agreement signed by Iran and China two years ago, the official said, …

Read More »

Envoy: Iran-Iraq industrial coop enters a new phase

Envoy: Iran-Iraq industrial coop enters a new phase

Masjedi said that promoting of joint investment and sharing resources by Iranian investors to carry out parts of production operations in Iraq are examples of the new chapter to be opened in the two countries' economic cooperation.The ambassador said Tehran is encouraging the Iranian economic activists to make investments in …

Read More »

Caspian leaders release sturgeon babies in Caspian Sea

Caspian leaders release sturgeon babies in Caspian Sea

The ceremony was held after Caspian Sea Littoral States Summit in Kazakhstan on Sunday.The presidents released the sturgeon babies and posed for photos on the shores of the Caspian.1420**2050Follow us on Twitter @IrnaEnglish برچسب ها اقتصاد Iran Caspian www.irna.ir

Read More »

Exchanges with Iranian banks continues in Iraqi Kurdistan

Exchanges with Iranian banks continues in Iraqi Kurdistan

Saleh said there is no instruction by Iraq's Central Bank to ban dollar exchanges with the Iranian banks. He said several Iranian banks were active in Soleimaniyeh Province and are still continuing their professional works.1391**2050Follow us on Twitter @IrnaEnglish www.irna.ir

Read More »

Iraqi minister: No change in border trade with Iran

Iraqi minister: No change in border trade with Iran

Al-Araji made the remarks in reaction to widespread rumors on closure of borders between the two countries. The US anti-Iran policies have nothing to do with closure of borders crossings or banning imports from Iran, he said. Elimination of dollars in transactions between Iran and Iraq is not something new …

Read More »