Category: 4. Business

TEHRAN– The price of Iran’s heavy crude fell in August in line with declines across OPEC’s basket of crudes, the producer group said in its latest monthly report.

Iran’s heavy crude averaged $69.18 a barrel in August, down $1.63 from…

TEHRAN – Iran is negotiating with several Chinese companies to develop solar power plants and battery energy storage systems (BESS) as part of efforts to boost renewable capacity, a senior official at the Iran Power Generation, Transmission and…

TEHRAN – Iran, Pakistan and Turkey have agreed with the Economic Cooperation Organization (ECO) to revive monthly freight services along the 6,540-km Istanbul–Tehran–Islamabad (ITI) rail corridor, aiming to cut trade times and boost…

President Masoud Pezeshkian has emphasized the need for Iran to reduce reliance on oil revenues and unlock the full potential of domestic talent and industry.

Speaking Thursday morning during his one-day visit to Ardabil Province, Pezeshkian…

“The new deposit contributes significantly to Hungary’s security of supply, as domestic production reduces import dependency,” MOL emphasized.

Hungarian Foreign Minister Peter Szijjarto had stressed earlier that Ukrainian attacks on the…

TEHRAN- The executor of the 3-megawatt solar power plant projects elaborated on the process of constructing these power plants in the country.

Mohammad Doust-Mohammadi, the executor of the 3-megawatt solar power plant projects, stated: “At the end…

TEHRAN- The managing director of Iran’s National Petrochemical Company (NOC) said the country’s polymer production capacity is planned to reach 16 million tons.

Addressing the unveiling ceremony of the Petrochemical Products Technical…

TEHRAN- The managing director of the South Pars Gas Complex stated that in the first five months of this year, over 65 billion cubic meters of sweet gas and 79 million barrels of gas condensate were produced.

Gholam Abbas Hosseini said: “In the…