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.
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.
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.
Iran and Kazakhstan will start transporting cargo on a transit corridor that passes through Iran’s seaport of Bandar Abbas in January, according to an official in the Iranian Ports and Maritime Organization (PMO).
Central Bank of Iran (CBI) Governor Ali Salehabadi has signaled that billions of dollars in Iranian funds blocked in other countries because of US sanctions could be unfrozen in the near future.
Iran will double its natural gas supply to Armenia under an extended gas-for-electricity swap deal that will run until early 2031.
Iran and Russia have signed four new cooperation agreements as part of efforts to deepen energy and economic ties between the two countries.
Iran’s transportation ministry (MRUD) says construction works for the first phase of a key rail link to the ocean port of Chabahar has finished.
IRICA data published on Saturday showed that Iran’s non-oil exports reached a total of $28.406 billion in the seven months to October 22, up by 5.6% compared with the same period last year.
Iran has signed a contract with Russia to supply it with 40 turbines to help its gas industry amid Western sanctions, Shana news agency reports.