Tag Archives: Fars News Agency

Gibraltar authorities rejected on Sunday a renewed US request not to release the Iranian oil tanker Grace 1. just three days after the Supreme Court ruled in favour of releasing the vessel seized weeks ago.

Iran condemned the seizure of its tanker as piracy.

Iran’s Southeastern port of Chabahr is very important for Russia. and President Vladimir Putin believes that the port can ease transportation of goods to the Gulf of Oman. other countries and the Indian subcontinent.

Iranian Vice-President and Head of the Management and Planning Organization Mohammad Baqer Nobakht announced that the government will put into operation a 132 kilometer rail route in the Northeastern province of East Azerbaijan within the next 2 months.

Iran’s Road and Urban Development Minister Mohammad Eslami said on Friday that currently his country is conduit to 30 million tons of goods transported between the Far East and Europe. adding that Tehran aims to increase its share to 100 million tons.

Iranian Energy Minister Reza Ardakanian announced that a number of 20 power plants. with the generation capacity of 3.000 megawatts. will go online by the end of the current local calendar year on March 20.

Gibraltar on Tuesday said it plans to de-escalate tensions with Iran over the seizure of Grace 1 supertanker. reinvigorating hopeful speculations that it might release the large vessel soon.

New statistics show that Iran has exported about 20% more steel this year. while it has cut down its imports of the item by 208%.

A senior official in Iran’s petrochemical industry announced that the country will float 2 more Pet-Chem companies in the stock market as it seeks to finance expansion projects in downstream.in a bid to soft-pedal the impact of the US unilateral sanction.

Deputy Head of Iran'.s Ports and Maritime Organization (PMO) for Maritime Affairs Jalil Eslami announced on Tuesday that the Iranian oil tanker which was seized by the British forces in the Strait of Gibraltar will be freed in the near future.