The exports volume for Iran’s mine and mineral industry products amounted to 4.4 billion dollars in the first eight months of the current Iranian calendar year (began March 20). Deputy for the Iranian Mines & Mining Industries Development & Renovation (IMIDRO) Amir Sabbagh made the remark while speaking in a training course on mine and…
Head of the Iranian National Carpet Center has announced the resumption of Iran’s hand-woven carpet export to the US during post-sanctions era. Hamid Karegar, speaking in a meeting with Qazvin Governor General Fereidoun Hemmati on Sunday, said that Iran resumed carpet exports to the US in the wake of the Joint Comprehensive Plan of Action…
The share of Iran’s oil export to the Japanese oil market increased to 6.6 percent in view of the 49,000 bpd growth in Iran’s oil exports in October. Iran’s heavy crude oil in the week to December 16 experienced highest increase in price and reached $51.07 a barrel, showing $2.02 increase, IRNA reported. Iran’s Petroleum…
Alphaliner has listed the Islamic Republic of Iran Shipping Line (IRISL) as the 20th operator among the top 100 container lines, with a total capacity of 99,867 TEUs over 47 ships. Information from the corporate website indicates tonnage ranging from 1,000 to 6,500 TEUs, but it appears that most of its current fleet is under…
A Chinese company is to invest $2 billion in Sarakhs Special Economic Zone (SPEZ), announced the zone’s managing director on Sunday. Ahmad Sadeqi Golmakani told IRNA that a Chinese state-owned company has inked a memorandum of understanding (MoU) worth $2 billion with the Iranian side to invest in SPEZ. He said the MoU is considered…
The latest official figures show that Iran’s exports of non-oil commodities over a period of nine months starting 21 March 2016 increased by around 10 percent – another indication which shows that the country’s trade is improving after the removal of multiple years of sanctions. Figures released by the Customs Administration of Iran show that…
A senior Iranian oil industry official said the country has signed 12 contracts with foreign companies operating in the sector. Deputy Head of National Iranian Oil Company (NIOC) Gholamreza Manouchehri further said that there are also plans to ink 10 to 12 other oil deals with foreigners in the near future, Tasnim News Agency reported….
Energy Minister of Iran announced that power plants across the country have produced 230 thousand gigawatt hours of electricity so far in the current Iranian year (began March 20). The Iranian Energy Ministry’s recent statement, which pertains to the latest status to electricity production in hydroelectric power plants, reads “the supplied energy in the first…
Deputy road minister said eight new Airbus and ATR passenger planes will be delivered to Iran Air within three months. Deputy Minister for International Affairs at the Ministry of Road and Urban Development Asghar Fakhrieh Kashan made the announcement elaborating that “Iran‘s national carrier, Iran Air (Homa) will receive one A330 and two A320 long-range…
A large portion of Iran’s shipping fleet has regained Protection & Indemnity (P&I) insurance from Steamship Mutual. Jonathan Andrews, Director & Head of Eastern Underwriting in Steamship Mutual, said a considerable number of Iranian vessels have taken out insurance form our company and “we are pleased to observe return of Iranian directors to the board…
