Category: 4. Business

TEHRAN – Pars Oil and Gas Company has brought into operation the onshore section of a new 32-inch pipeline from South Pars Phase 16, aimed at strengthening gas transmission and easing supply imbalances, the company said on Friday.

The project…

TEHRAN – Iran plans to double its annual transit volume to 40 million tons by the end of its Seventh Development Plan in 2028, a senior Transport and Urban Development Ministry official said, highlighting the country’s ambitions to become a…

TEHRAN – Iranian Energy Ministry has connected 144 villages to the national power grid over the past year as part of the government’s push to expand electricity access in rural and deprived areas, the Energy Ministry said.

Despite inheriting…

TEHRAN – Iran’s Ministry of Industry, Mining and Trade has rolled out a support package for manufacturers and producers to ease challenges ranging from energy shortages and liquidity constraints to foreign currency access and supply of raw…

TEHRAN – Iran’s exports reached $16.55 billion in the first four months of the Iranian year (March 20–July 21), down 5.5 percent in value from a year earlier, even as trade with neighboring and Arab countries remained a major driver of…

60% of Iran’s Food Needs Met Domestically

TEHRAN (Iran News) According to official statistics, Nouri highlighted that agriculture is the only sector in Iran’s Seventh Development Plan to have reached its expected growth target of 5.5…

Iran’s Oil Minister Mohsen Paknejad acknowledged that activating snapback sanctions could impose limits on oil sales, but stressed that the country is not powerless in facing these challenges.

Speaking to ISNA, Paknejad highlighted that…

The Shanghai Cooperation Organization (SCO) Summit is set to shine in Tianjin. Ahead of the summit, experts have been gathering at Tianjin Port where China drives connectivity and free trade for the Global South. How does China’s vision empower…

TEHRAN – Iran produces around 560,000 tons of aluminum ingots annually, below its installed capacity of more than 650,000 tons, due to recurring shortages of electricity and natural gas, the head of the Iranian Aluminum Industries Syndicate…

TEHRAN – Iran’s Trade Promotion Organization (TPO) has called on private companies to take greater advantage of growing opportunities in Arab markets, a senior official said.

Abdolamir Rabihavi, director general of TPO’s West Asia office,…