Tag: Economy
Caretaker oil minister heads to Moscow for GECF meeting
TEHRAN, Oct. 25 (MNA) – Caretaker oil minister left Tehran for Moscow on Sunday to accompany President Masoud Pezeshkian at the eighth summit of the Gas Exporting Countries Forum.
Iran to add 3,800 MW of thermal power capacity to national grid
TEHRAN – Iran plans to add 3,800 megawatts of new thermal power generation capacity to its national grid in the next Iranian calendar year (begins late March 2027), as the electricity sector faces financial pressures that threaten investment in infrastructure, a deputy energy minister said.
Energy Ministry implements 60 measures to secure electricity supplies during winter
TEHRAN – Iranian Energy Ministry is implementing 60 operational measures to ensure stable electricity supplies during the winter and mitigate the potential impact of fuel shortages, while power plants’ liquid fuel reserves remain at satisfactory levels, the country’s electricity industry spokesman said.
Next year’s budget bill to be submitted to parliament in a month
TEHRAN – Iranian government plans to finalize the budget bill for the next Iranian calendar year (starts in late March 2027) within a month and submit it to parliament in December, the head of the Plan and Budget Organization (PBO) said.
Livestock, poultry exhibition generates over $1b in export agreements
TEHRAN – More than $1.0 billion in export contracts and memorandums of understanding for technical and engineering services were secured at Iran’s 25th Livestock, Poultry and Related Industries Exhibition, the head of the country’s Animal Feed, Poultry and Aquatic Feed Industries Association said.
Iran seeks to expand gas trade with GECF members
TEHRAN – Iran is seeking to expand gas trade with members of the Gas Exporting Countries Forum (GECF), develop a common gas market and strengthen energy cooperation, the country’s acting oil minister said ahead of the group’s eighth summit in Russia.
Pakistan reopens key border crossing with Iran
TEHRAN, Oct. 25 (MNA) – Pakistan reopened the Gabd-Rimdan crossing with Iran on Saturday, allowing trucks carrying LPG and essential food supplies to resume movement after a suspension that began on October 17.
Investment security key to global gas market stability
TEHRAN, Oct. 24 (MNA) – Ali-Mohammad Mousavi, deputy of Iranian oil minister for international affairs says that security of investments and interests of producers are requirments for the security of global gas market.
IRGC spox reacts to rising oil prices with an image
TEHRAN, Oct. 24 (MNA) – IRGC spokesman Brigadier General Hossein Mohebbi posted an image of a burning oil tanker depicting Brent crude prices rising from $116 to $117 per barrel
Tackling Iran’s Power Deficit
To overcome chronic national electricity imbalances, Iran is deploying a blended financial framework targeting 10,000 MW of new solar capacity. Driven by capital market instruments, sovereign wealth allocations, commercial banks, and private financial institutions—anchored by Tourism Bank—this strategy combines utility-scale direct execution with structured credit underwriting for independent power producers.