Tag Archives: Iran

Iran’s Min. of Energy is planning to launch new power plants with more than 3800MW of capacity until next summer to add 34TWh of electricity to its current production of above 300 TWh.in a bid to further increase its power export to neighboring countries.

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said on Monday that industrial productions in the country increased 1.2 percent in the last month of the current year (from August 21 to Sept. 22).

Chief Executive of Lavan Oil Refining Company on Monday Mohammad Ali Akhbari revealed the production of gasoline. observing the euro-5 standard of the European Union (EU).

Iranian Oil Minister Bijan Namdar Zanganeh said that Farzad-B oilfield will likely be developed by Iranian companies.

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.

The course was held in the framework of cooperation between Iran and Iraq in the field of the petroleum industry.

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.

ECO is a Eurasian economic intergovernmental organization founded in 1984 in Tehran by Iran. Pakistan and Turkey.