Business

TEHRAN: Chairman of the Board of Directors of a knowledge-based company, tasked with producing nanofiber face masks, said that face-mask production devices will be exported to four foreign countries. Reza Faridi Majidi made the remarks on Sun. in an interview with Mehr news agency and added, “with producing nanofiber face-mask …

TEHRAN: Iran has gained self-sufficiency in the repair and maintenance of offshore oil drilling rigs, an official said. The CEO of Iranian holding Sina Energy Development Company (SEDCO) said the country does not rely on foreigners to repair offshore oil rigs anymore. Javad Owji said local experts have obtained the …

Iranian President Hassan Rouhani has opened 10 major energy projects with an investment of 19 trillion rials (nearly 100 million) as his administrative government presses ahead with finishing key infrastructure facilities across the country.   Using a video conference call on Thursday, Rouhani ordered the opening of nine electricity and …

The Iranian Oil Ministry says it has resumed exports of natural gas to Turkey despite reports in the media suggesting that exports could stop for good because of price disputes. A spokesman of the National Iranian Gas Company (NIGC) said on Wednesday that Turkey had finished repair work on a …

Six new solar plants will come online in Fars province in southern Iran Thursday, marking another watershed in the country’s path to a decarbonized energy system and expanding its renewable portfolio. President Hassan Rouhani and Energy Minister Reza Ardekanian will oversee the commissioning of the plants, including the 10-megawatt Kourdeh …

TEHRAN: The deputy minister of oil informed that considering 17 projects that are planned to come online in the current year, using 11.5 billion dollars of investments, this year would be a golden year for the Iranian petrochemical industry. Behzad Mohammadi said a total of $11.5 billion worth projects would be launched …

TEHRAN:More than 417,000 tons of commodities worth around $710 million were exported from East Azarbaijan province in northeastern Iran to 79 countries during the first three months of the current Iranian year (March 20- June 20). According to the supervisor of East Azarbaijan Customs Offices, Leili Orangi, Turkey, Iraq, Armenia, …

TEHRAN: India’s UCO Bank is exploring the avenues to keep the rupee payment mechanism with Iran alive, amid the challenges made by the US’ unilateral sanctions. According to A K Goel, MD and CEO of UCO Bank, with India no longer importing oil from Iran, the lender is in talks …

The number of Iranians with access to high-speed mobile internet services has increased exponentially over the past seven years to reach a total of 70 million, says the country’s telecoms regulator. The official IRNA news agency cited figures by CRA as saying that coverage of third and fourth generation of …

Petroleum Minister Bijan Zangeneh says the Iranian gasoline delivered to fuel-starved Venezuela last month was sold to Caracas at market price. Zangeneh made the comments on Friday in reaction to allegations that Iran has provided Venezuela with gasoline free of charge. “This is not true. Iran’s gasoline was sold to …