Iran’s largest petrochemical company the PGPIC aims to increase its annual output by more than 15% this calendar year despite the continued pressure of US sanctions on the country’s petroleum industry.
Figures released by the Iranian National Tax Administration (INTA) show that the country earned more than $6.88 billion in tax revenues in the five months to August 21.
Iran has reported a major increase in exports to Iraq as authorities hope trade with the neighboring country could experience a record in the calendar year to March.
Iran is planning to speed up Janja copper mining project in its southeastern Sistan area, near the border with Afghanistan.
Iran’s trade with 15 neighboring countries, including with states it shares maritime borders, rose by 16% in the five calendar months to late August.
Iran’s customs office (IRICA) figures show the country’s agriculture exports rose significantly in the five months to late August compared to the same period last year.
Iran’s steel output rose in the seven months to July despite a global fall in production and despite power cuts imposed on steel producers in the country this summer.
The Iranian parliament (Majlis) has ended the debate on nominees for the country’s new cabinet and approved all of President Masoud Pezeshkian’s 19 cabinet picks.
Wheat production has risen by up to 100% in some Iranian provinces thanks to bumper harvest and price incentives offered to farmers.
The Central Bank of Iran (CBI) says it has subsidized more than $27 billion worth of imports into the country in less than five months since the start of the calendar year on March 20.