Archive For The “Bussiness” Category

Iran’s non-oil GDP growth to reach 1.8% over US sanctions

Iran’s non-oil GDP growth to reach 1.8% over US sanctions

The report put the growth for the country’s agriculture, industry, energy, construction, and the service sectors at 5.5 percent, 1.5 percent, and 10 percent, as well as 14.5 and 0.5 percent, respectively, for the current Iranian year.

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Iran’s steel exports hit 675,000 tons in January 2020

Iran’s steel exports hit 675,000 tons in January 2020

Iran exported 5.88 million tons of finished and semi-finished steel in the first 10 months of the current Iranian year, to January 20, a 25-percent increase year-on-year

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Over 800 MW of renewable power in Iran

Over 800 MW of renewable power in Iran

Iran is speeding up efforts for development of the renewable energy sector as latest data show that electricity generation capacity from renewables has reached 841 megawatts (MW).

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Iran has capacity for $31b worth of exports to neighbors

Iran has capacity for $31b worth of exports to neighbors

the volume of products exported from Iran to neighboring Iraq over the past year at $13 billion, while about $9 billion worth of products were exported to Iraq in the first nine months of the current year (March 21 to Dec. 22, 2019).

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Borrell: Sorry that Europeans failed to meet commitments under JCPOA

Borrell: Sorry that Europeans failed to meet commitments under JCPOA

Stating that efforts have to be expanded to implement the JCPOA, EU’s Foreign Policy Chief Josep Borrell said, “I am sorry that the European parties failed to meet their commitments under the JCPOA.”

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Iran has issued 1,000 licenses for crypto mining

Iran has issued 1,000 licenses for crypto mining

The Iranian government has issued over 1,000 licenses for cryptocurrency mining in the country where there is potential for a crypto industry worth $8.5 billion, a report says.

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Iran begins producing rare earth

Iran begins producing rare earth

Iran has launched a pilot project for extraction of rare earth after obtaining the technology for deep-level mining, the head of Iran’s largest holding in metals sector known as IMIDRO says. The achievement will create significant added value for Iran, Khodadad Gharibpour said at the inauguration of the landmark project on Tuesday. Every year, Iran…

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Iran installs new gas platform in South Pars field

Iran installs new gas platform in South Pars field

Once the new platform D14 is ready to operate, the Phase 14 of South Pars filed will produce 50 million m3/day of sweet gas, 75,000 bpd of condensate, 400 tonnes/day of Sulfur and an annual amount of one million tonnes of LNG and Ethan.

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Iran’s NIDC drills over 132k meters in 10 months

Iran’s NIDC drills over 132k meters in 10 months

An official with the National Iranian Drilling Company said the company’s drillings of oil and gas wells have hit over 132,000 meters during the past 10 months. According to Shana, Mohammad Al-Khamis, the company’s drilling operations deputy, said that the record was registered since the beginning of the current calendar year, which began on March…

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Bushehr Port/ Video

Bushehr Port/ Video

The port of Bushehr is located in 28,58 N and 50, 50 E in the north end of a peninsula on the coast of the Persian Gulf. This peninsula is 14 Km long. The depth of water is near to 7m in the external anchorage leading to internal anchorage by the external channel 9200m in…

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