Category: 4. Business

TEHRAN – Iran has increased crude oil production by 38,000 barrels per day (bpd) at its South Azadegan oilfield over the past 10 months, following the successful drilling and completion of 17 wells, the head of Petropars, the company developing…

Speaking at a news conference in Yerevan, Pashinyan said the government had submitted its membership application to the Eurasian political, economic, and security bloc.

“It fits well within our agenda of balancing and pursuing a balanced foreign…

TEHRAN- The managing director of the National Iranian Drilling Company (NIDC) explained the outlook for the development of the drilling industry in the country, and said: “The most important global indicator in the field of drilling is the…

TEHRAN – Iran has successfully localized the production of more than 11,500 strategic refinery equipment and components, according to the managing director of South Pars Gas Complex, a key player in the country’s gas industry.

Speaking to…

TEHRAN – Iran’s thermal power generation capacity has exceeded 77,000 megawatts following the addition of new units to the national electricity grid, according to a statement released on Tuesday by the Thermal Power Plant Holding Company…

Potential for 30–40% Growth in Iran’s Mining and Mineral Industries Exports

TEHRAN (Iran News) According to a report from IMIDRO, Mohammad Aghajanlou made the remarks during a meeting focused on “Identifying Barriers to Exports in the…

Iran’s Auto Parts Industry on Brink of Collapse; 400,000 Jobs at Risk

TEHRAN (Iran News) Mohammadreza Najafi-Manesh, chairman of the association, said that although the sector had already been grappling with challenges, the recent 12-day…

TEHRAN – Iran’s exports to African countries rose 85 percent in the first quarter of the current Iranian year (March 21- June 21) compared to the same period last year, while its trade surplus with the continent surged by 113 percent, a…

TEHRAN – Iran’s banking system issued 1.776 quadrillion rials (about $35.5 billion) in loans during the first quarter of the current Iranian year (March 21 – June 21), marking a 42.8 percent increase compared to the same period last year,…