Director General of Economic and Financial Affairs of Alborz Province announced that four big foreign investment companies started their work in the province. The four companies have totally gained a $104 million investment license in Alborz Province, Abolfazl Fallah said, adding: They are from Germany, Italy, UAE and China. The companies are now implementing their […]
Afkhami: there is a significant economic potential for foreign investors in Iran Ali-Ashraf Afkhami, The chairman of the board of directors as well as the governor of Bank of Industry and Mine Afkhami, Managing Director of Bank of Industry and Mine, says there is a significant economic potential for foreign investors in Iran that can […]
TEHRAN – Iran’s Supreme Council of Non-oil Exports Promotion, in a decree, has approved new regulations for facilitating the country’s non-oil trade, especially with the neighboring countries, in the current Iranian calendar year (started on March 21). The mentioned decree which was issued in the 10th meeting of the council is addressed to the related […]
TEHRAN – Iranian Energy Ministry’s Spokesman for Electricity Industry Mostafa Rajabi Mashhadi said the country is pursuing a plan for exporting electricity to the southern Arab neighbor Oman through the sea, ILNA reported. “For the countries that we share a water border with, studies are underway that need to be completed so that the two […]
HOUSTON (Bloomberg) –Occidental Petroleum Corp. split with some of its larger rivals in rejecting a U.S. carbon tax, preferring the existing system of tax credits designed to encourage oil companies to store carbon dioxide and reduce emissions. “A carbon tax would be bad for a lot of the industry, a carbon tax would be bad […]
(Bloomberg) –The U.S. slashed its oil production forecast through next year just as OPEC and its allies begin to rollback their production cuts in the coming months. U.S. oil output is set to reach 11.04 million barrels day this year, down from last month’s forecast at 11.15 million after a deep freeze in February that […]
TEHRAN – As announced by the managing director of Iran’s Power Generation and Distribution Company (TAVANIR), seven million subscribers have received 100-percent discount on their electricity bills in the framework of the “Power of Hope” program. Mohammad-Hassan Motevalizadeh said, “Since the start of this program in last August, the subscribers have had some good cooperation […]
TEHRAN – The head of Iran’s Agricultural Mechanization Development Center said some 30 trillion rials (over $714.2 million) has been allocated for mechanization of the country’s agricultural sectors in the current Iranian calendar year 1400 (started on March 21). According to Kambiz Abbasi, the mentioned funding will be used to supply about 30,000 tractors, 800 […]
TEHRAN – The value of trades at Iran Mercantile Exchange (IME) in the previous Iranian calendar year (ended on March 20) rose 108 percent compared to the preceding year. During the past year, about 3.5 quadrillion rials (about $83.5 billion) worth of commodities were traded at the mentioned market, IRNA reported. As reported, over 33.39 […]
TEHRAN – Iran’s southern Persian Gulf Bid Boland Gas Refining Company has signed three deals worth €165 million with domestic companies for collecting and recovering flare gases of Rag-Sefid offshore oilfield, Shana reported. The deals were signed in a ceremony attended by Iranian Oil Minister Bijan Namdar Zanganeh and the Managing Director of Persian Gulf […]