Category: 4. Business

TEHRAN – Iran delivered 21.8 billion liters of liquid fuel to power plants in the previous Iranian year 1403 (ended in late March), marking a 40 percent increase compared to the previous year, a senior oil official said on Saturday.

Mohammad…

TEHRAN – Iran will inaugurate new refinery projects worth more than $3.0 billion this year, despite years of stagnation in the country’s refining sector, a senior oil official said on Saturday.

Mohammad Sadegh Azimifar, head of the National…

TEHRAN – Iranian and Russian transport officials have agreed to hold a joint meeting in the Russian port city of Makhachkala within the next two months as part of efforts to operationalize a bilateral maritime transport consortium.

According to…

TEHRAN – Iran’s Oil Minister has ordered the resumption of exploratory drilling in the shallow waters of the Caspian Sea, ending a 30-year pause in operations.

According to Shana news agency, the drilling operation officially began on Friday,…

Iran has been placed among the high development index (HDI) countries in the United Nations Development Program (UNDP)’s Human Development Report for 2025.

According to the report, Iran’s HDI stands at 0.779, up from…

TEHRAN- Iran exported 214,300 tons of saffron worth $184.7 million in the past Iranian calendar year 1403 (ended on March 20), according to an official with the Islamic Republic of Iran Customs Administration (IRICA).

IRICA’s Director General of…

TEHRAN – Iran’s oil industry, a key economic driver, is showcasing its latest achievements at the 29th International Oil, Gas, Refining and Petrochemical Exhibition (Iran Oil Show 2025) in Tehran, where over 2,200 domestic and international…