Iran Exports Up 17.7% in 10 Months

Minister of industry, mine and trade said that the country’s exports registered a 17.7 percent hike in the first 10 months of the current Iranian calendar year (March 21, 2022 to January 22, 2023).

$Iran becomes world\'s 11th top fertilizer exporter$

Iran becomes world's 11th top fertilizer exporter

Based on the latest data released by International Fertilizer Association (IFA), Iran has exported $1.8 billion worth of chemical fertilizers in the 2021-2022 crop year to become the world’s 11th biggest chemical fertilizer exporter, IRIB reported.

NIDC improves infrastructure in line with Oil Ministry plans

The head of the National Iranian Drilling Company (NIDC) has declared the company’s infrastructure improvement in line with the programs of the Oil Ministry as the most important achievement of NIDC in the current Iranian calendar year (ends on March 20), Shana reported.

Iran, Iraq plan to establish 3 joint industrial parks

Iranian Finance and Economic Affairs Minister Ehsan Khandouzi said the country plans to establish three joint industrial parks on the border with the Iraqi provinces of Maysan, Basra, and Wasi.

Expanding economic diplomacy should be a priority: TCCIMA

Head of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) has outlined the priorities that the country’s authorities should pursue in the upcoming year (begins on March 21) among which economic diplomacy is mostly stressed.

18 Processing Units at Abadan Refinery

Being the first oil refinery in the Middle East set up more than 110 years ago, Abadan oil refinery is considered one of Iran’s refining hubs, but due to the dilapidation of some of its units, its renovation and updating using modern technology is inevitable. For this purpose, replacement and renovation of the refinery was carried out in two stages, the first stage with the construction of a new refining complex of 150,000 b/d as phase 1 in 2005 and the second stage with the construction of a new refining complex with a capacity of 210,000 b/d under the title of Abadan Refinery Capacity Development and Stabilization Plan as Phase 2 started in July 2017 and the first part of it was put into operation in December. Therefore, the final capacity of the refinery was stabilized at 360,000 b/d.

Will 2023 See Oil Market Prosper?

With the beginning of 2023, the developments of the oil market in 2022 and the perspective of the New Year have been reviewed. The idea is to examine the factors affecting the market. It must be acknowledged that 2022 experienced ups and downs in the oil market and profound changes have taken place in this market. These developments have caused the 2023 Outlook to have many uncertainties, and as a result, many reputable institutions have doubts in their forecasts, and most institutions are waiting for market stability.

PSEEZ Accounting for 1/3 of Iran Hard Currency Generation

The CEO of the Pars Special Economic Energy Zone (PSEEZ) stated that more than one-third of the country's hard currency income is provided by the Zone, and said: “More than $11 billion was exported from this region in the first 10 months of the current Iranian calendar year which began on March 21, which has increased by about 50% compared to the same period last year.

Showcase of Newly-Built Oil Items Kicks off

The exhibition of knowledge-based equipment and oil industry items built domestically for the first time was inaugurated in the presence of the chairman of the board of directors of the Oil Industry Pension Funds.

$1.2b of oil revenue deposited in NIMA System since Dec. 22

The economic spokesman of the administration said since December 22, a total of $6.2 billion of hard currency has been offered in the NIMA system, of which $1.2 billion is from the sale of crude oil and $1.7 billion from petrochemical sales.

Iran Potential Oil Output at 7.4mbd: Economist

The head of the economic group of the Supreme Leader's Office stated that Iran has the ability to reach the crude oil daily production capacity of 7.4 million barrels, saying: “We are an oil country, we cannot lag behind the countries that are planning to increase their production capacity.”

VP: Grounds prepared for implementing Iran-China long-term agreement

Iran's Vice president for Parliamentary Affairs Mohammad Hosseini said that grounds have been paved for implementing long-term agreement between Iran and China.

Iran exempts import of foreign currencies from taxation

Head of the Iranian National Tax Administration Davood Manzoor has announced that all persons and entities are entitled to freely import foreign currencies from customs offices.

440 industrial projects being inaugurated during Ten-Day Dawn

Some 440 industrial projects are going operational in Iran during the Ten-Day Dawn (February 1-11), which marks the 44th anniversary of the Islamic Revolution, Deputy Industry, Mining, and Trade Minister Mehdi Baradaran announced.

MAPNA to build 20 electric vehicle charging stations across Iran

Iran's MAPNA group, which is a group of Iranian companies involved in implementing major industrial projects, has announced a plan for building 20 electric vehicle charging stations across Iran.

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