Some $1.22 billion worth of Foreign Direct Investment (FDI) was approved in the industrial and mineral sector of the country in the first eight months of the current year. According to the statistics of the Ministry of Industry, Mine and Trade, $1.22 billion worth of foreign investment under FDI was …
Read More »Rouhani: No Talks Needed for Reviving JCPOA
Iranian President Hassan Rouhani says returning to the nuclear deal commitments does not need negotiations but determination. Speaking at a cabinet session on Wednesday, Rouhani pointed to the need for the JCPOA signatories to meet their obligations under the deal. “Our returning to the commitments does not take time, it …
Read More »Oil Minister: OPEC+ Decision was Wise
Iranian Minister of Oil Bijan Zanganeh said that the crude oil output cuts will decrease from previously-agreed amount of 7.7 million bpd to 7.2 million bpd in January 2021, down 500,000 bpd, adding it was a wise decision. Zangeneh made the remark after the 12th OPEC and non-OPEC Ministerial Meeting …
Read More »Iran Petrochemical Output to Hit 100mt/y by 2022
Iranian Minister of Oil Bijan Namdar Zanganeh said the country’s petrochemical production capacity would reach 100 million tons per year by 2022, 80% more than 2013’s levels. Addressing a virtual ceremony to launch major oil and energy projects on Thursday, Zanganeh said that the country’s petrochemical revenues would reach 25 …
Read More »Iranian Firms to Build Dam, Water Transmission Lines in Syria
Under a Memorandum of Understanding inked between Iran and Syria, Iranian companies will construct dam and water transmission lines in Syria. Iranian Deputy Ministry of Energy for Water and Wastewater Affairs and Syria’s Deputy Ministry of Water Resources emphasized the need for implementing a Memorandum of Understanding (MoU) between Iran …
Read More »Iran-Qatar Poised to Strengthening Bilateral Economic Ties
Islamic Republic of Iran and Qatar are determined to enhance and broaden mutual economic relations. For this purpose, the Iranian Energy Minister and Chairman of Iran-Qatar Joint Economic Cooperation Commission Reza Ardakanian arrived in the Qatari capital Doha on Monday to discuss the relevant issues. In this meeting, made for …
Read More »Iran Sends 8th Non-Oil Cargo to Oman via Sirik
Iran has shipped the second non-oil cargo to Oman via Sirik Port in southern Hormozgan province, Governor of Sirik County said on Wednesday. According to Ahmad Jamaleddini, the 610-ton consignment contains fresh fruits and vegetables, dried nuts and construction material with a collective value of 150 billion rials (Over $530 …
Read More »Iran, Qatar Emphasize Developing Bilateral Ties
Islamic Republic of Iran and Qatar stressed the need to develop and expand bilateral ties on a series of mutual interests. Iranian Minister of Energy Reza Ardakanian and Qatari Minister of Commerce and Industry Ali bin Ahmed Al Kuwari held talks on Tue. through videoconference. In this online meeting, the …
Read More »Iran’s Envoy Reacts to IAEA Chief’s Comments
Iran’s Permanent Envoy to the International Atomic Energy Agency (IAEA) said that considerable centrifugal and quality of nuclear materials have no place in the documents of IAEA. Iran’s Permanent Ambassador to Vienna-based International Organizations Kazem Gharibabadi made the remarks on Sunday in his reaction to the statements raised by the …
Read More »Iran, Afghanistan Discuss Electricity Coop.
Iran’s Energy Minister Reza Ardakanian held talks with Acting Foreign Minister of Afghanistan Mohammad Hanif Atmar on the permanent transmission of electricity to Afghanistan. In a videoconference on Saturday night, the two sides discussed preparation for holding a joint economic commission next month, planning and implementing joint economic programs, electricity …
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