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Iran’s logistics industry forecast to worth over $45b

Iran’s logistics industry forecast to worth over $45b

The size of the Iranian logistics industry will exceed $45 billion by 2020. Revival of economic growth is expected as phasing out of restrictions improves investor confidence, leading to consistent growth of the logistics industry from 2017. “This industry is expected to benefit from investments related to the Iran’s Sixth Development Plan, which is likely…

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Indian Oil plans $5.5 billion expansion of refinery co-owned by Iran

Indian Oil plans $5.5 billion expansion of refinery co-owned by Iran

An Indian Oil Corp unit plans to invest $5.5 billion to gradually raise the capacity of its smallest refinery co-owned by Iran to 300,000 barrels per day (bpd), its chairman said, to help meet a surge in demand for refined products in the world’s fastest growing major economy. The Nagapattinam plant operated by IOC’s subsidiary…

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Photo: Iranian girls training Dragon boat in Khorasan

Photo: Iranian girls training Dragon boat in Khorasan

Khorasan Razavi province women’s dragon boat team is getting ready to attend national championships to be held in Tehran. Related posts: Iran girls national inline hockey training-Photo Photo: Iranian girls champion of 2016 world junior taekwondo Championship Photo: Iranian girls table tennis training Iranian Skydivers Make Parachute Jump / Photo

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Iran crude steel production rise 9.6 percent

Iran crude steel production rise 9.6 percent

Iran produced 14.850 million tons of crude steel in the first ten months of 2016, with 9.6 percent rise from 13.555 million tons in the same period last year, the World Steel Association (WSA) reported. The country produced 1.64 million tons of crude steel in October 2016, with 10 percent increase from 1.324 million tons…

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Iran sign oil NDA with Pergas consortium

Iran sign oil NDA with Pergas consortium

The National Iranian South Oil Company has signed its first non-disclosure agreement (NDA) with a consortium of international companies, known as Pergas, for carrying out studies over two oilfields in Iran. The consortium comprises 11 European, Canadian and Asian firms as well as the Sharif University of Technology and has signed the NDA for holding…

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Photo: Slovenia reopened embassy in Tehran

Photo: Slovenia reopened embassy in Tehran

The embassy of Slovenia reopened in Tehran today after 4 years. Slovenia‘s President Borut Pahor, Iran’s foreign minister Mohammad Javad Zarif and some other senior officials of both countries attended the reopening ceremony. Slovenian acting chargé d’affaires to Iran dispatched to Tehran for reopening the country’s embassy two months ago. He headed to Iran to…

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British Petroleum task force to study Iran oil investment

British Petroleum task force to study Iran oil investment

Global energy giant British Petroleum (BP) has reportedly started a serious push to look into the prospects for making post-sanctions investments in Iran’s oil industry. Reuters said in a report that BP has formed a special task force to study Iran’s oil industry investment potentials in what could be a fresh sign of the growing…

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Photo: Iranian girls table tennis training

Photo: Iranian girls table tennis training

Iran table tennis women’s national team training held in Tehran Enghelab Sport Complex. Related posts: The Iranian Turkmen women Iran girls national inline hockey training-Photo Photo: Iranian girls played football in Shiraz Photo: Iranian girls champion of 2016 world junior taekwondo Championship

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Photo: Snowfall in Tehran

Photo: Snowfall in Tehran

Usually in late December snowfall begin in Tehran. This wave of snow and rain come from the West of Iran.Now Tehran’s temperature is taken to -7C degrees below zero. Tehran Climate Tehran features a semi-arid climate (Köppen climate classification: BSk) with continental climate characteristics and a Mediterranean climate precipitation pattern. Tehran’s climate is largely defined…

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Report: Iran become main oil supplier after JCPOA

Report: Iran become main oil supplier after JCPOA

By: Maryam Azish/ Iran’s petroleum industry is considered as the main generator for national economy following the implementation of Iran’s nuclear agreement with 5+1, known as the Joint Comprehensive Plan of Action (JCPOA). Energy plays a pivotal role to provide financial resources for Iranian public services and the industrial sector and the deal has paved…

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