Category: 4. Business

TEHRAN – Iran’s Oil Minister Mohsen Paknejad said on Saturday the country aims to eliminate gas flaring by the end of the Iranian calendar year 1407 (March 2029), as one of the largest gas recovery projects in southern Ilam came…

On the night of July 7, 1937, the first shots at Lugou Bridge in suburban Beijing shattered the sky and ignited the flames of China’s nationwide resistance against Japanese aggression. As the nation trembled, one decisive question emerged: Who…

TEHRAN – Iran exported 48 million tons of non-oil goods worth $16.5 billion in the first four months of the current Iranian calendar year (March 21–July 22), down five percent from the same period last year, the head of the Islamic Republic…

TEHRAN – Iran plans to raise its nominal petrochemical production capacity by 35 million tons to 131.5 million tons a year by the end of its Seventh National Development Plan (2022- 2027) through 66 expansion projects, a senior official said,…

TEHRAN – Iran and Kenya signed eight cooperation agreements at the close of their seventh Joint Economic Committee meeting, setting a target to raise bilateral trade from the current $150 million to $1.0 billion in the near future.

The meeting,…

Iran’s Petrochemical Sector Needs $24b Investment to Meet 7th Plan Targets

TEHRAN (Iran News) Afshin Gholamali-Pour, in an interview with IRNA, outlined Iran’s petrochemical roadmap, describing technical know-how as the key to maintaining a…

TEHRAN – Iran’s petrochemical sector will require an estimated $24 billion in investment to achieve its goals under the Seventh National Development Plan, which aims to raise nominal production capacity to 131.5 million tons by the plan’s…

TEHRAN – Iran and Kenya have launched their seventh joint Economic Committee meeting in Nairobi aimed at deepening economic ties, with both sides setting a target to boost annual trade to $1.0 billion from the current $150 million, Iran’s…

TEHRAN – Iran and Turkmenistan have agreed to construct two new railway lines at the Sarakhs border crossing to ease freight congestion and boost rail trade, the head of the Islamic Republic of Iran Railways said after meeting Turkmenistan’s…