Two new airport development projects were inaugurated on Monday by President Hassan Rouhani, Minister of Roads and Urban Development Mohammad Eslami, Managing Director of Iran Airports Company Siavash Amirmokri and other officials via videoconferencing. The first project is the new runway at Ramsar International Airport in the city of Ramsar, …
Read More »COVID-19 Curbs Tax Revenues
The government could see a decline of 400 trillion rials ($2.46 billion) in tax revenues as a result of the new coronavirus disease, COVID-19, if the economic effects of the pandemic on businesses go away within the next couple of months, Omid Ali Parsa, director of Iranian National Tax Administration …
Read More »Saudis Deny Claim That Crude Export to US Rose Last Month
Saudi Arabian oil official on Saturday refuted the conclusion of an analytics firm that the country’s oil exports to the US dramatically increased in the last month. TankerTrackers.com said on Thursday that Saudi Arabian oil exports to the US more than doubled from February to March as oil prices crashed. …
Read More »Iran Considers Ban or Tariffs on Iron Ore Exports
The Ministry of Industries, Mining and Trade is planning to either ban or set heavy tariffs on iron ore exports in the next Iranian year (starting March 20), says Deputy Minister Dariush Esmaeili. According to the official, the ministry is pursuing plans to prevent the export of iron ores next …
Read More »Swiss Payment Mechanism Inadequate
The sanctions have severely impeded Iran'.s ability to import food. drugs and medical equipment.
Read More »16% Decline in Gasoline Consumption
Diesel consumption in the period was 135 million liters per day. up 41% compared to last year.
Read More »Iran`s NISOC Signs Contracts to Cut Flaring
Flaring is the burning of natural gas that cannot be processed or sold.
Read More »Iran Holds 10th Rank among Global Steelmakers
Iran’s global ranking remains unchanged compared to World steel'.s previous monthly report.
Read More »Power Grid Synchronization with Iraq by Yearend
Gas export to Iraq is 4.4 million cubic meters per day. which allows the Arab neighbor to produce at least 1.000 MW of electricity.
Read More »LNG Export Should Be a Distinct Priority for Iran
Expanding gas export via pipelines is not on the agenda for now but export of liquefied natural gas should be a distinct priority.
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