Tag Archives: Fars News Agency

Iranian Oil Minister said that his country is going to set up 2 petrochemical plants in the North of the country near the Caspian Sea. adding that the new installations will be 100% eco-friendly and in full compliance with all environmental standards.

Iranian traders and companies have exported some $151 million worth of non-oil goods to Afghanistan through the Eastern province of Southern Khorassan in the first 6 months of the current local calendar year.

Caretaker of the Planning and Development Management of Iran’s National Petrochemical Company (NPC) said that the country is expecting two leaps in its petrochemical production in 2021 and 2025 to hit the yearly output of million tons in 5 years.

Iranian Industry Minister said that his country and Iraq have the potential to increase the volume of their bilateral trade to $20 billion by 2021. adding that Tehran and Baghdad are determined to meet the objective.

The first phase development project of Azar Oilfield will be complete with 65.000 b d of crude oil production capacity.

Iran’s non-oil trade with the world surpassed $42 billion in the first 6 months of the current local calendar year. Head of Iran'.s Customs Administration Mehdi Mirashrafi said.

The CEO of the National Iranian South Oil Company (NISOC) said the company was prepared to bring its oil production to maximum in the shortest time possible.

Governor of the Central Bank of Iran announced that his country’s national currency the rial has regained over 40 percent of its value. to Washington’s disappointment as the US is trying to damage Tehran’s economy with unilateral sanctions.

Iran’s Deputy Transportation Minister Shahram Adamnejad announced that the country’s largest airline IranAir has posted an operating profit for the last local calendar year ending on March 20. 2019.

Iranian Minister of Industry. Mine and Trade Reza Rahmani said that his country is planning to further decline the volume of imports by 2021. in a move to increase national economy’s resistance to US-posed pressures.