Archive For The “Bussiness” Category

Iran $42b annual non-oil export target achievable

Iran $42b annual non-oil export target achievable

Head of Iran Export Confederation Mohammad Lahouti says achieving the $42 billion non-oil export target which the country has set for the current Iranian calendar year (ends on March 20, 2021) is possible considering the recent improvements in exports. “Considering the growth of [non-oil] exports in late 1398 [previous Iranian calendar year ended on March…

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Wheat harvest in Khuzestan

Wheat harvest in Khuzestan

Wheat harvest in Khuzestan has started on April 10 from 550,000 hectares of land and continues. Wheat harvesting will continue until the end of June and it is expected that about 1.8 million tons of wheat will be harvested from Khuzestan farms. The province of Khuzestan is 63,213 km2 (24,407 sq mi) in the south-west…

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Iran’s steel ingot exports up 26%

Iran’s steel ingot exports up 26%

Statistical tables showed that 6,908,000 tons of steel ingot was exported from the country in the past Iranian calendar year.

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Isfahan Refinery plans to increase diesel output

Isfahan Refinery plans to increase diesel output

22 million liters of diesel will be produced in the refinery according to Euro-5 standard.

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Iran’s monthly crude steel output up 14%

Iran’s monthly crude steel output up 14%

Production of crude steel in Iran has risen 14.1 percent in March 2020 from March 2019, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO)announced citing the data indicated in the World Steel Association (WSA)’s latest report. The WSA’s report, which is on steel production by 64 countries, put Iran’s steel output at over…

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NIOC plans to drill 8 new exploratory wells by March 2021

NIOC plans to drill 8 new exploratory wells by March 2021

Director of National Iranian Oil Company (NIOC) Exploration Department, Saleh Hendi, says the company has it on the agenda to drill eight new exploratory wells in the current Iranian calendar year (ends on March 20, 2021). As ILNA reported, six of the mentioned wells are going to be drilled in the onshore exploration sites while…

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Iran produces up to 860,000 tons of red meat annually

Iran produces up to 860,000 tons of red meat annually

The official underlined that 900,000 tons of red meat, including beef and mutton, is needed annually in the country, adding that the country faces a shortage of 40,000 to 50,000 tons when meat consumption increases.

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Over $1.4b projects underway in Iranian ports

Over $1.4b projects underway in Iranian ports

Some 11 new development projects with 59 trillion rials (over $1.4 billion) of investment are currently underway in the Iranian ports

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Iran’s puts first military satellite into orbit

Iran’s puts first military satellite into orbit

The Iran launched the Noor-1 Satellite by the domestically-built launcher Qassed (messenger) on Wednesday morning and placed it into the orbit at an altitude of 425km.

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South Pars gas refineries running despite Coronavirus

South Pars gas refineries running despite Coronavirus

All the refineries processing South Pars gas output are operating normally and there is no drop in their output despite the coronavirus outbreak, an official with the South Pars Gas Complex said. Ali Ahmadi, the complex’s caretaker of coordination and production control, said, “With the operation of South Pars Gas Complex refineries, in order to…

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