Economy

Alawi said elimination of sanctions have facilitated development of the petrochemical industry and the exports to the extent that statistics show growth in the production and exports in recent months.Though due to oil price fall, value of petrochemical exports has been dropped, the volume of exports has increased and new …

A table released by Iran Steel Producers Association says crude steel exports in the eight months under study reached 2.296 million tons. The bulk included 1.593 million billet and bloom and 701,000 tons slab.The exports showed 116 percent growth compared to that in the corresponding period the year before.Furthermore, export …

The NIOC is to run several rounds of tender for a group of Iranian oil and gas E&P projects. To this end, it has invited competent and qualified foreign E&P companies to fill up qualification assessment lists.The documents per se have been posted on the NIOC official website since October …

The NIGC has done enough preparations to supply gas needed for the northern and northeastern parts of the country, the statement added.The National Iranian Gas Company said in the statement that according to an agreement with Turkmen National Oil and Gas Company inked 20 years ago, parts of gas consumed …

Morteza Sarmadi told IRNA on Monday that opening this bank aims at developing economic cooperation with different countries and establishing real time contacts with foreign firms.'Economic information of all countries will be available for business people in this bank,' he added.'The economic information bank is the most important hub to …

The official sources in the Ministry revealed that the government was in the process of negotiating amendments in the Gas Sale Purchase Agreement (GSPA) with Iran for early implementation of the much-delayed project, which was conceived in mid-1950s.“A draft amendment has been shared with Iran, and it has agreed to …

The source said the Petroleum Ministry will issue an official statement in that connection later in the day.There are no concerns about any possible shortage of gas in the Iranian northern and northeastern provinces and the officials have devised the necessary precautionary measures, the official said.A day earlier, Deputy Petroleum …

'This year, we have produced wheat more than needed,' Esfandiaripour told IRNA on Sunday.He said domestic need wheat had been estimated to be 13,500,000 tons but in this farming year, 14,590,000 tons such product was produced in the country.He added that 11,500,000 tons out of the total wheat output were …

Kazemeini said this year, South Yaran joint field will reached production level this year with daily extraction of 10,000 barrels of oil.He said development of oil fields west of Karoun, which is home to the biggest oil field of Iran, is given the priority by Iranian Ministry of Petroleum.As joint …

The Managing Director of Kermanshah province customs Khalil Heidari told IRNA on Sunday that products worth about 709,598,709 dollars and weighing 2,752,270 tons were exported through Kermanshah, Khosravi, Parvizkhan, Paveh customs and Parvizkhan, Sheykh Salleh and Shushmi border markets.'Other customs of the province also exported products worth $ 712,980,452 weighing …