Economy

Due to the efforts made by the Iranian experts, Bandar Abbas Oil Refining Company's nominal capacity has increased to 320,000 barrels per day in 2008 from 232,000 barrels per day, Managing Director of Bandar Abbas Oil Refining Company Hashem Namvar said.He made the remarks in an exclusive interview with Islamic …

Islamic Republic of Iran's electricity technology is highly advanced and corresponds with the international standards, Luay al-Khateeb said.He made the remarks in an interview with the Islamic Republic News Agency (IRNA) during his visit to a power dispatching center in Mashad, capital of northeastern Province of Razavi Khorassan.The Iraqi minister …

Oreshkin made the remarks in an interview with reporters on Friday on the sidelines of his visit to the Republic of Azerbaijan to inspect operations for construction of a bridge on Azerbaijan-Russia border.Oreshkin predicted that transportation of cargo from Iran, which is a signatory to the Free Trade Agreement with …

Among other four-decade achievements of the Iranian oil industry reference should be made to two-fold increase in the refining capacity of refineries, cutting gas imports, four-fold increase in gasoil production, and a 40-fold increase in exports of major products and production of quality fuels including Euro 4.In the years following …

The contract was re-signed by Iran Power Generation, Distribution and Transmission Company (Tavanir) and the Iraqi party in presence of Iran's Minister of Energy Reza Ardakanian and Iraqi Electricity Minister Luay Al Khateeb.Under the contract, signed in 2005, Iran exports 150 megawatts of electricity to Iraq. The contract is extended …

The meeting was attended by Head of Iran Customs Mahdi Mir Ashrafi and EEU customs minister in Moscow.During the meeting which was aimed at paving the grounds for Iran’s joining EEU, both sides agreed to review Iran’s Customs suggestion on authorized economic operator (AEO) and also the MoU of electronic …

Ardakanian told reporters on Friday that Iraq repayment of debts to Iran over its electricity imports from the country has been planned and the process of payment is underway per discussion made to that end.He made the remarks on the sidelines of several contracts and Memoranda of Understanding signed in …

Ardakanian made the remark in a meeting with the Iraqi Electricity Minister Luay Al Khateeb in Tehran on Friday to sign three Memoranda of Understanding (MoU) for electricity cooperation. He said Iran seeks to play a special role in Iraq power industry reconstruction. The minister said a new chapter is …

'Iran's crude production stood at 5.3 million barrels per day before victory of the Islamic Revolution and we limited the production ourselves,' said Zangeneh in a live TV program on the occasion of the 40th anniversary of the 1979 Islamic Revolution of Iran.He said following oil discovery, Iran has always …

The Iranian government and people will side with the Iraqi nation and government in the reconstruction era, Eshaq Jahangiri said.He made the remarks in a meeting with Iraqi Electricity Minister Luay Al Khateeb.Iran is ready to develop relations with Iraq in all fields, in particular in the fields of banking, …