Isfahan Refinery plans to increase diesel output
22 million liters of diesel will be produced in the refinery according to Euro-5 standard.
Archive For The “Bussiness” Category
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…
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…
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.
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
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.
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…
Iran’s exports to Qatar via Bushehr ports up 37% per annum
More than 830,000 tons of goods worth $157 million were exported from Iran’s southern Bushehr province to Qatar in the last Iranian year (ended March 19), a senior official said. Head of Bushehr province’s Industry, Mine and Trade Organization Seyed Hossein Hosseini added that the figures indicate a 37% and 23% annual growth in terms…
Iran’s annual exports of copper doubled despite US sanctions
total sales of the National Iranian Copper Industry Company (NICICO) topped nearly $1.5 billion, a milestone in the 48-year-history of the company.
Iran’s exports to Iraq hit $13b in 2019
A major Iranian businessman said exports of goods and services to Iraq were down year-on-year in February at $11 billion. Yahya Al Es’haq, who leads the Iran-Iraq Joint Chamber of Commerce, added exports to Iraq had been affected by the spread of the new coronavirus in Iran, noting, however, that trade between the two countries…