Economy

Fereydoon Allah-Yari told IRNA that “The number of foreign tourists arrived in Esfahan over the period establishes an unprecedented record after the 1979 Islamic Revolution.”Allah-Yari added that most of the foreign tourists were from France, Germany, Italy, Belgium, Spain, The Netherlands, England, Austria, China, and Japan. Most of the tourists …

Talking to IRNA, Zangeneh said, “Turkey wanted a 37.5% price reduction and also 25% cut due to the quality on the exported gas from Iran to Turkey, that make 62.5%, but the International Court of Arbitration approved of 13% discount to reduce the price to the Russian natural gas export …

After the end of the 172nd Ordinary Meeting of OPEC’s oil and energy ministers as well as the second Joint Meeting of OPEC and non-OPEC members, Zangeneh said,' There existed no dispute and the OPEC Meeting was held in a peaceful atmosphere.” As to the reaction of market to the …

Speaking to IRNA, deputy minister of petroleum for gas affairs noted that if Ashgabat do not accept Iran conditions, the Islamic Republic will file suit against Turkmenistan in the International Court of Arbitration for cutting the gas supply to Iran over the previous winter.Preparations have been made for referring the …

According to the official website of the OPEC, the Conference considered Equatorial Guinea’s request to join the Organization and decided to approve its admission with immediate effect.The Conference analyzed oil market developments since it last met in Vienna at the end of November and reviewed the oil market outlook for …

Iran’s policies are based on bolstering and broadening strategic relations with China, he said, adding that drawing up a four-year period plan for the second term of President-elect Hassan Rouhani is required.The meeting on Iran-China political consultation mechanism kicked off in China on Wednesday.In the meeting, Rahimpour thanked for the …

Prime Minister Muhammad Nawaz Sharif and Chinese Ambassador to Pakistan Sun Weidong launched the project located in Eastern Punjab province.The project comprises of two 660MW plants with a total capacity of 1320 MW. The production from second unit will start from June 2017.The plant has been constructed by a joint …

The 172nd Meeting of the Organization of Petroleum Exporting Countries (OPEC) Conference is to be held in Vienna within hours on Thursday.The today OPEC meeting is to focus on the extension of the November 2016 agreement on cutting oil supply.In Nov, 2016, Pouyanné in an interview told CNN that “it …

Director General for Sistan-Baluchestan Department of Ports and Maritime Behrouz Aqaei told IRNA that Iranian and foreign businessmen may send their goods directly from India to Iran and vice versa and load-unload them in Chabahar.He added that exchanging goods directly from India to Chabahar will save $ 750 for each …

Bijan Zangeneh, on the sidelines of agreement ceremony for manufacturing CRA (corrosion resistant alloys) pipes, told reporters that the main topic of the OPEC (Organization of the Petroleum Exporting Countries) meeting which is going to be held on Thursday would be the extension of the November 2016 agreement on cutting …