SATBA has proposed a plan to the government to buy electricity generated in the renewable sector at higher prices in order to encourage more investment from suppliers who are grappling with economic difficulties. a spokesman said.
Read More »Iran to Hand Gas Field Contract to Domestic Company
An Iranian company won the contract for the development of Balal Gas Field in the Persian Gulf. a senior oil official said.
Read More »Iran`s Forex Market Stable Despite Washington’s Maximum Pressures
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that Iran’s foreign currencies market is stable in spite of the United States'. continued maximum pressure campaign.
Read More »Iraq will Continue Gas Imports from Iran Regardless of US Sanctions
Iran’s current supplies of gas to Iraq are enough to generate around 22 terawatt hours (TWh) of electricity.
Read More »Iran Arrests 12 Filipino Nationals for Smuggling Fuel
The Iranian naval border guards detained several Filipino nationals in the country'.s territorial waters who were smuggling fuel from Iran.
Read More »Iran to Offer 2mln Barrels of Gas Condensates at Energy Exchange on Wed.
The National Iranian Oil Company (NIOC) is going to sell 2 million barrels of gas condensates on the Iran Energy Exchange (IRENEX) on Wednesday September 11.
Read More »S. Korean Co. Assisting INSIG with Installation of Machinery
CEO of Iran National Steel Industrial Group (INSIG) said that the Iranian group has resumed installation of hydrostatic pipe testing machine with the help of the South Korean Myung Jin Machinery (MJM).
Read More »Production Capacity of Petchem Industry to Increase Up to 100mn Tons by 2021
Production capacity of Iran’s petrochemical industry will increase up to 100 million tons by 2021.
Read More »Iraq. Afghanistan Priorities for Taking Trade Policies
Iraq and Afghanistan are among the most important trade partners of Iran and targeting their markets stands among the priorities of Iran in making its trade decisions. Chairman of Iran Export Confederation Mohammad Lahouti said.
Read More »Kermanshah Exports Near $900mn in Five Months
Close to 2.063 million tons of non-oil commodities worth $896 million were exported from the western Iranian province of Kermanshah during the first five months of the current fiscal (started on March 21). a senior official said.
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