Economy

Iran sold some 1.1 million barrels of oil to European countries last May, close to the amount it supplied before international sanctions were imposed on Iran over its nuclear program. The sanctions were lifted in January 2016 under a nuclear deal Iran signed with six world powers in 2015.After sanctions …

Saying that in the previous Iranian year (20 March, 2016 – 20 March, 2017), $ 90m worth saffron and carpets were exported to the US, he added, “Our markets are not limited to the region, China and India; we export goods to Europe and the US too.”After the Iran-G5+1 nuclear …

Deputy Head of Thermal Electricity Company (TEC) for Planning Affairs Hamid-Reza Azimi said on Tuesday that since start of the current year on March 21, 2017, the TEC has raised its generation capacity by 75 megawatts.Azimi disclosed initiation of executive operations this year on the basis of buy-back contracts to …

In the meeting the two sides discussed ongoing industrial cooperation between the two countries.The ambassador submitted message of Minister of Industry, Mine and Trade Mohammad Reza Ne’matzadeh to his Algerian counterpart.He presented a report on Iran’s industrial and technologic progresses and the latest in bilateral relations with Algeria and its …

On the two-day trip, the students had a visit to historical and cultural places.“They were so happy with the trip that voiced willingness to travel to Iran more often,” said George Ebrahimi, the head of the tour. The tour was the second of its kind to Aras area by the …

Qatari foreign minister is expected to hold meetings with Prime Minister Nawaz Sharif and Prime Minister’s Adviser on Foreign Affairs, Sartaj Aziz.Bilateral ties between Pakistan and Qatar, matters related to the Middle East and some regional and world affairs will be discussed in the meetings.The visit is taking place at …

In the ceremony, the manager of Mahdiabad Complex Amin Safari said that according to the agreement, the investor should construct the factory in four years, but the programs presented by the investor show that if the infrastructures are ready, the first phase of the factories would be operational in early …

France's Total, China's CNPC and Iran's Petropars were each seeking to develop Phase 11 of South Pars gas field. But thanks to the administration of President Hassan Rouhani, the tri teamed up for handling the job. After signing a heads of agreement, they signed a contract under Iran's new type …

Hendorabi is an Iranian island located in the Persian Gulf, Hormuzgan Province, west of the Kish Island.With its 1,485-meter long and 30-meter wide runway which has 7.5-meter shoulders on each side, Hendorabi airport can host various aircrafts including Fokker 50, Fokker 100, and ATR 72.The first Vice President Eshaq Jahangiri …

'One of our main jobs in gas refining sector in the [calendar] year 1395 (ended on 20 March 2017) was to reduce gas flaring at refineries and extinguish one of flares at the first refinery of South Pars,' the Iran Petroleum Magazine quoted Gholam-Reza Bahman-Nia in its latest issue as …