Business

TEHRAN : The Petroleum Engineering and Development Company (PEDEC) has signed a contract with Petropars Group for completing the development of South Azadegan joint oilfield. The contract to complete the development of South Azadegan field was signed with the aim of increasing the daily production capacity of the field to …

TEHRAN:Trade activity will be resumed in Chazabe border on Thursday after a five-month period that trade was halted due to the outbreak of the coronavirus. The Governor of Dashte Azadeghan Hamid Sielavi made the announcement on Monday, saying that the Iraqi central government agreed to reopen the Chazabe trade border …

TEHRAN: Iranian Foreign Minister Mohammad Javad Zarif and Iraqi President Barham Salih weighed plans for the development of the economic and trade ties between the two countries. Zarif met with President Salih in Baghdad on Sunday for talks on a range of issues. In the gathering, Zarif and Salih highlighted …

The idea for the creation of a major transport corridor through Iran goes back the early 2000s, when Moscow, Tehran and New Delhi signed an agreement on a 7,500 km route to transport goods from India and Iran to Russia and Europe using a combination of maritime, overland and railway …

Iranian Ambassador to Dakar Mohammad-Reza Dehshiri met with Senegal’s Minister of Petroleum and Energy Mouhamadou Makhtar Cisse on Friday to discuss the fifth meeting of the Iran-Senegal Joint Commission and the 50th anniversary of the establishment of official relations between the two countries. The Iranian Ambassador also met with the …

Despite regional media recently claimed the possible failure of the Iran-India-Afghanistan tripartite cooperation development project through the port of Chabahar, the Afghan Ministry of Transport announced on Friday that the country’s third transit cargo ship has sailed to India through Chabahar port. According to the ministry, the transit of shipment cargo carried …

TEHRAN: Iranian President Hassan Rouhani on Thursday launched the second phase of a major water desalination plant in the country’s southern province of Hormozgan. The desalination plant in Bandar Abbas, with a capacity of treating 20,000 cubic meters of saltwater daily, was launched by the president during a ceremony held …

TEHRAN: Statistics of the Ministry of Industry, Mine and Trade indicate that selected industrial productions registered a hike in the first three months of the current Iranian calendar year (from March 21 to June 20). Despite sanctions imposed against the country and also spread of the novel coronavirus, COVID-19, selected …

TEHRAN: The third shipment of Afghanistan’s transit goods has been shipped to India via a port in southern Iran. Director General of Sistan and Baluchestan Ports and Maritime Organization, Behrouz Aghaei said on Wednesday, “the vessel carrying 70 ordinary and refrigerated TEUs, set sail from Shahid Beheshti port in Chabahar …

The United States has imposed sanctions on the 40 percent of the world’s population which has threatened the dollar as the world’s reserve currency, says E Michael Jones, an American writer and former professor. Iranian Foreign Minister Mohammad Javad Zarif earlier this month told Parliament that Iran and China were …