Economy

Public Relations Department at the Foundry quoted Director of the supplementary projects in the foundry Jalal Aqababa as saying on Sunday that the foundry's casting unit has currently the capacity to produce one million tons of steel a year.He said that setting up the plant cost about 12 million dollars …

The Russian delegation is scheduled to survey the ways for expansion of trade transactions and get acquainted with the economic and export opportunities in Iran during its three-day stay.While in Sari, they also would hold talk with several local officials, business people and visit the industrial, agricultural and greenhouse products …

Ali Sadeddin said that the amount of exports showed 4% growth in value compared to the same time in the previous year.He reiterated that the exported products consisted of cement, plaster, lead ingots, tile, frozen chicken and eggs.He added that the products were exported to 29 different countries such as …

Japan, being the third biggest oil consumer, has raised its imports of crude oil from the Middle East region.Iran, situated in the Middle East region, is among three other oil suppliers to Japan in the region.Saudi Arabia is the first crude oil supplier to Japan with exports of 1,130,000 barrels …

Jafar Farhad Beigi told IRNA on Sunday that the products mostly consist of building stones, mosaic and brick.He emphasized that 242 customs tariff determination have been done in laboratories of Mehran standardization office most of which were related to building stones, calcium carbonate and iron ore.Mehran international border is located …

Talking to IRNA, Masoud Atefi said the Iranian saffron is considered as the main export products of this province.Atefi reiterated that 511,000 tons of commodities, worth $ 398 million, have been exported during the said period.He said the commodities have been mainly exported to Afghanistan, Turkmenistan, UAE and Iraq.Citing the …

Fardad Daliri, IDRO deputy for industrial investment development, told IRNA Saturday that talks on the issue have been held with two Iranian car producers including Industrial Saipa Motor Corporation and Iran Khodro Industrial Group.France's Renault Group will produce five new makes of cars in Iran, three in collaboration with Saipa …

Iran's crude price in the world markets along with price for different kinds of exported crude are fluctuating in the range of 40 dollars, with slight ups and downs.From January to June 2016 average price for Iranian light crude has been $ 36.43 a barrel, it said.Iran's heavy crude price …

He told IRNA that the stone products will be displayed in 55,000 square meters area.The stone cutting and processing companies from Isfahan, Tehran, Mahallat, Nimvar and Khorasan Razavi along with foreign companies from China, Italy, Spain, Turkey and Portuguese are to display their latest products and services.The exhibition is to …

Akhoundi said that he assigned Iran's Road Maintenance and Transportation Organization to probe the crimes against Iranian trucks in Turkey and lodge complaint with the Turkish government and the Turkish Justice system.He said that the Turkish government promised Iranian authorities to hold inquiry about the crimes being perpetrated against Iranian …