Economy

Corradini said Iranian and Italian oil and gas industries share firm bonds as is testified by design of two refineries in Italy to use Iranian crude oil and it is the customer of National Iranian Oil Company (NIOC).He said since when the Joint Comprehensive Plan of Action (JCPOA) has been …

Nazarpour said that the production is 30,000 barrels beyond the target set for the first phase.He noted that based on the schedule, oil production from the field should have reached 85,000 barrels per day.The Sinopec had undertaken the project for development of the first phase of Yadavaran field on a …

He made the remarks in a meeting with the Turkish Minister of Economy Nihat Zeybekci.The official urged completion of railway link between Iran and Turkey and said that easier transportation will facilitate trade between the two countries.Noting that Iranian trucks are occasionally attacled when travelling inside Turkey, he called for …

Following the implementation of Iran's nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA), Saeidnejad said, Denmark's Maersk shipping group has voiced its readiness to return to Iran like many other foreign companies.Before the sanctions, at least 27 international ship-liners were fully active in the country's territorial waters, …

Production Control Director Ali Mohammad Basaqzadeh described the situation of petrochemical products as desirable, saying that petrochemical exports have also risen by four percent in the same period.He further noted that large portion of Iran's petrochemical exports are made to Far East and countries such as India, China and South …

The institute also said that Lombardy's exports value to Iran have surpassed 266 million euro in the first six months of 2016, up by 27 percent compared to the figure for the same period last year.Lombardy ranks first in terms of exports to Iran, constituting 40.2 percent of Italy's total …

After the implementation of the JCPOA, international oil companies have taken action to ink MoUs with Iran to evaluate conditions of the country's oil fields.French, German and Austrian companies have so far signed documents to study and evaluate conditions of the Iranian oil fields.The latest MoU was signed by a …

The event was held in the presence of some 130 domestic and 198 foreign firms.Speaking in the opening ceremony of the event, the Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh noted that having 5000-6000 mines in Iran.He said not the number of mines the country owns but ratehr …

Kordi told IRNA on Saturday that Chabahar is one of the best strategic and regional hubs for investment of world countries and it would be useful for the Indian Ocean rim states as well.He added that all Indian Ocean rim states will be able to establish trade, transit and services …

Some 295 foreign and 350 domestic companies are showcasing their products in an area covering 45,000 square meters in the four-day event.The objective of exhibition is to act as a comprehensive resource for the industry, its members, prospective business visitors and customers by providing in-depth information about the industry and …