Tag: Economy
IDRO, SATBA pledge closer ties to boost renewable energy development
TEHRAN- A meeting was held between the Deputy Minister of Industry, Mining, and Trade and Chairman of the Industrial Development and Renovation Organization of Iran (IDRO)’s Board of Directors, and the Deputy Minister of Energy and Head of the Renewable Energy and Energy Efficiency Organization (SATBA), with the aim of strengthening joint cooperation and accelerating…
Iran to put 199 agro-processing projects into operation during Government Week
TEHRAN- The Head of the Center for Development of Mechanization and Agricultural Industries has announced the inauguration of 199 agro-processing and food industry projects during Government Week.
Iran discovers major gas field “Takhteh” in Fars province worth $45b
TEHRAN- The Exploration Director of the National Iranian Oil Company (NIOC) has announced that the newly discovered “Takhteh” gas field in Fars Province has an estimated economic value of approximately $45 billion, describing it as one of the most significant gas discoveries in the country over the past two decades.
Iran-Cuba economic ties: Unlocking investment potential amid sanctions, legal reform
TEHRAN- On a global stage increasingly defined by economic fragmentation and unilateral sanctions, two nations with decades of experience in navigating external pressures—Iran and Cuba—are actively seeking to deepen their bilateral economic ties. Recent high-level exchanges and business delegations signal a mutual determination to translate longstanding political solidarity into tangible commercial partnerships.
Chinese ships transit via Iranian side of Strait of Hormuz
TEHRAN, Aug. 23 (MNA) – Maritime tracking data shows that a Chinese-flagged oil tanker and another Chinese-flagged vessel are entering and transiting the Iranian side of the Strait of Hormuz.
Iran government signals fuel price hike on eve of new US sanctions
Prices for food and other items are soaring, and there is a history of unrest, so any increase is being considered.
Charges for services in Hormuz approved in Iranian parliament
TEHRAN, Aug. 23 (MNA) – The spokesman for the National Security and Foreign Policy Commission at the Iranian parliamentsays that motion to charges ships for receiving services in Hormuz Steait has been approved.
Major gas field discovered in Iran’s Fars Province
TEHRAN, Aug. 23 (MNA) – Iranian oil minister has announced the discovery of a major new gas field in southern Fars province, with recoverable reserves estimated at around 5.7 trillion cubic feet.
NISOC signs 30 investment contracts to boost production, reduce flaring
TEHRAN- The Director of Investment and Business Development of the National Iranian Oil Company said: With the aim of increasing production, reducing gas flaring, and developing operational capacities, more than 30 investment contracts have been signed in National Iranian South Oil Company (NISOC).
Iran-Turkey agreement document for rail connection exchanged
TEHRAN- The Deputy Minister of Transport and Urban Development announced the exchange of the Iran-Turkey agreement document for rail connection at the Cheshmeh Soraya border.