Economy

The annual generation of the electricity takes ten months and two months is also required for maintenance and change of fuel, he said.Speaking to Irna, a single nuclear power plant cannot meet the requirements of the country, Salehi said. Presently the country requires 55,000 megawatts of electricity, he said. 1430**2050Follow …

Thanks to accelerating the construction of Persian Gulf Star Oil Company as the biggest gas condensates refinery in the world, its products are being distributed in domestic and export markets rapidly. According to Managing Director of IRENEX Ali Hosseini, LNG is being dealt for $ 585 per ton. The Persian …

'Iran tried to let Boeing in, but the US administration ordered it to withdraw from the deal with Iran,' said Mohammad-Reza Rezaee-Koochi.Iran had ordered 80 planes, so it was a good market for the plane manufacturer, said Rezaee.He also added that Iran didn’t lose anything since it had not paid …

The heads of eight member states - China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan, India, and Pakistan - as well as those of the four observer states- Afghanistan, Belarus, Iran, and Mongolia are participating in the summit.The Iranian president is attending the 18th summit upon the invitation by his Chinese counterpart …

On May 8, US President Donald Trump announced his country's unilateral exit from Iran nuclear deal, saying Washington will reinstate the removed sanctions on Tehran with a wind-down period of 90 to 180 days. Following the US action, some international companies active in Iranian oil projects said they will withdraw …

UNCTAD in a report published recently titled 'World Investment 2018' said that the reason for increasing foreign direct investment in Iran was cancellation of nuclear sanctions, adding that following cancellation of imposed sanctions in the year 2015, foreign investment attraction in Iran in the fields of discovery and production of …

According to the report, Iralcom, Almahdi and Hormuzal Companies have produced 60,947 tons of billet, EC, alloy, pure and filings in the first two months of the year (Beginning March 21, 2018).The figure was 55,568 tons in the same period of preceding year.From total amount of 60,947 tons , 30,033 …

President Rouhani made the remarks in a meeting with his Russian counterpart Vladimir Putin on the sidelines of Shanghai Cooperation Summit in China. Tehran and Moscow can broaden cooperation in energy swap, defense and transit of goods, President Rouhani said.Iran also welcomes expansion of economic cooperation with Eurasia and Russia's …

'The Monte Toledo, a Suezmax-class tanker able to transport 1 million barrels, is due to reach the Pacific Coast port of San Vicente on July 12, according to signals from the ship. It exited the Persian Gulf earlier this month after loading at Kharg Island, Iran’s main export terminal,' Bloomberg …

During the meeting, Pashinyan referred to close and friendly ties between Iran and Armenia, saying, “We should not be satisfied with current level of relations.” Underlining the need for continuing efforts to boost collaboration based on mutual interests, he said that Iran and Armenia will stand by each other based …