Fars News

Cargo transit via Iran grows by 68% YOY

Transit of cargos through Iran has increased 68% in the past Iranian year (ended on March 20) despite the US sanctions, the Iranian government’s figures indicated.

Transportation

Iran mulling new power plants to meet energy needs

The Iranian energy ministry is planning to launch several new power plants in coming months to keep up with increasing demands for electricity that could cause a shortage of 10 gigawatts (GW) over the peak Summer days.

Energy

Iran’s 11-month natural gas exports hit $4.8 billion

Iran announced that it has exported over $4.8bln worth of natural gas to foreign countries in the first 11 months of the past Iranian year (ended on March 20, 2022).

Energy

Iran Leader reiterates need for knowledge-based production, creation of jobs

Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei addressed the nation on the occasion of the Persian New Year (Nowruz), stressing the need for increasing efforts to strengthen knowledge-based production and create more jobs.

Macro Economy

Boosting Iran-India trade ties to $30 billion within reach: Envoy

Iranian Ambassador to India Ali Chegini said that Tehran and New Delhi can increase the volume of their trade ties to $30bln through the application of rupee-rial mechanism.

Trade

Iran, Russia renew agreement on Sirik power plant

Iran and Russia have renewed their agreement to construct Sirik Power Plant in Southern Hormozgan province, according to an official with Iran’s Thermal Power Plants Holding Company.

Energy

Iran’s residency-by-investment program to be launched soon

Iran’s deputy interior minister has announced that foreign investors in Iran will soon be able to receive the country’s 5-year residency.

Society Economy