Press TV

Iran expects 6% surge in natural gas demand this winter

Iran’s state gas company the NIGC says domestic demand for natural gas is expected to increase by around 6% this winter.

Energy

Iran unveils farming roadmap to increase output

Iran’s agriculture ministry (MAJ) has unveiled a farming roadmap that it says would lead to a major increase in agriculture output in the country while introducing reform measures that will make farming in Iran more sustainable.

Agriculture and Environment

Iran gov’t to sell 5,000 small, medium-sized mines to private sector

Iran plans to auction thousands of small and medium-sized mines as part of its efforts to create more jobs and spur more activity in its booming metals and mining sector.

Mine and Industry

Russia’s Gazprom plans to develop 8 Iranian oil, gas fields

Russia’s state petroleum company Gazprom is expected to finalize deals in the near future to develop six oilfields and two gas fields in Iran, according to an Iranian deputy oil minister.

Energy

World Bank puts Iran’s 2021 economic growth at 4.7%

The World Bank has revised up its estimate of Iran’s economic growth for last year to 4.7% from a previous estimate of 3.1% reported early this year.

Macro Economy

Iran’s five-month rice imports hit record high

New figures by the Iranian customs office (IRICA) show that rice imports into the country have reached new records amid government efforts to contain rampant prices of high-end domestic varieties of rice.

Trade

Iran, US agree on unfreezing Iranian funds in South Korea

The United States and Iran have reached an understanding about how to unblock billions of dollar worth of Iranian funds that have remained inaccessible in two banks in South Korea because of US sanctions, according to a new report.

Iran Economy

Iran’s vehicle output rises by 6% in H1 fiscal 2021-22

Iran’s industry ministry (MIMT) figures show vehicle output in the country rose by 6% in the first half of the year that began in late March compared with the same period in 2021.

Mine and Industry

Iran’s aluminum output grows 25% YOY in 5 months

Iran saw its aluminum output increase by 25% in the five months to August 22, a new sign that government efforts to boost activity in the Iranian metals and mining sector have paid off.

Mine and Industry

Iran’s cement exports drops while clinker shipments surge by 29% in five months

Iran has reported a major increase in exports of cement clinker in the five months to late August although figures show that overseas shipments of finished cement dropped slightly over the same period.

Mine and Industry