Press TV

Iran’s nine-month trade with European Union grows over 30%

Figures by European Union’s statistics agency Eurostat show that trade between the bloc and Iran rose significantly in the nine months to September despite continued restrictions imposed by the United States on Iran’s trade ties with the rest of the world.

Trade

Iranian firm planning to repair power plants in Venezuela

Iran’s state-run power plant repairs company is aiming to win a contract for carrying out major projects in Venezuela.

Macro Economy

Iran to boost poultry exports amid regional bird flu spread

Poultry export from Iran is expected to increase significantly in the coming weeks with the spread of the highly pathogenic avian influenza in poultry farms in the region.

Trade

Iran begins linking power grid to Russia

Iran’s Energy Minister Ali Akbar Mehrabian says a first step has been taken to synchronize Iranian and Russian electricity grids.

Energy

Minister says Iran’s annual grains output grew by 13.5%

Iran’s agriculture minister Javad Sadatinejad says the country’s grains output rose by 13.5% in the year to late August.

Agriculture and Environment

Iranian automaker sends 1st shipment of cars to Venezuela

Iran’s second largest carmaker Saipa has officially entered the car market in Venezuela with the export of a first shipment of sedan cars.

Mine and Industry

Iran opens first section of railway link to Chabahar port

Iran has launched a first section of a key rail link to Chabahar, its only ocean port on the Sea of Oman.

Transportation

Iran raises renewable power purchase prices by up to 60%

Iran has increased its prices for purchasing renewable power from small electricity generators by up to 60% as part of efforts to encourage the development of renewable energy supplies.

Energy

Iranian automaker to export 3,500 cars to Azerbaijan Republic annually

Iran’s largest carmaker the IKCO says car exports to Azerbaijan Republic are expected to hit a new record of 3,500 units in the next 12 months.

Mine and Industry

Iran to start development works on oilfield shared with Iraq in days

The National Iranian Oil Company (NIOC) says development works on a key oilfield shared with Iraq will start within days as Iran moves ahead with plans to expand its massive petroleum industry despite sanctions imposed by the United States.

Energy