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Press TV

Iran seeking to add 600,000 bpd to refining capacity in five years

Iran has awarded two refinery construction contracts worth $17.8 billion to domestic consortia as it seeks to increase its crude oil refining capacity by 600,000 barrels per day (bpd) within the next five years.

Energy

OPEC chief highlights Iran’s stabilizing role in oil market

The secretary general of the Organization of the Petroleum Exporting Countries (OPEC) says Iran is one of the most important founding members of the intergovernmental energy body and plays a significant role in bringing stability to the global oil market.

Energy

Venezuela’s flag carrier begins weekly flights between Tehran, Caracas

Venezuela’s flag carrier airline Conviasa has launched weekly flights between Caracas and the Iranian capital Tehran amid growing political and economic relations between two countries that have resisted US sanctions for the past years.

Transportation

Tehran, Beijing sign MoUs for exports of Iranian agricultural products to China

Iran will start exports of citrus fruits and honey to China under new agreements reached between the two countries.

Agriculture and Environment

Iran says 4-month gas sales revenues exceed yearly total

Iran’s natural gas exports revenues in the four months to late July have exceeded figures reported for the entire calendar year to March, according to the Iranian Oil Minister Javad Owji.

Energy

Iran exports 1 million metric tons of apple annually

Iran exports around 1 million metric tons (mt) of apple each year as a senior official in the country’s agriculture ministry (MAJ) says apple shipments have created a good source of hard currency revenue for the Iranian government.

Agriculture and Environment

Official figures put Iran’s annual economic growth at 4.4%

Central Bank of Iran (CBI) figures show Iran’s economy grew by 4.4% in the year to late March despite continued pressure on the country’s oil revenues because of American sanctions.

Macro Economy

South Pars Phase 11 to begin gas production in winter

Iran will be able to extract natural gas from a difficult gas field in the Persian Gulf where development works have stalled for nearly five years because of American sanctions on the country, according to a senior official in the Iranian Oil Ministry.

Energy

Iran, Turkey begin talks on 25-year gas supply deal

Iran and Turkey have agreed to start negotiations on a new gas exports deal that will allow increased supply of natural gas from Iran to Turkey for a period of 25 years starting in 2026.

Energy

Iran’s exports to EU in May at €102 million

Figures by the European Union’s statistics agency (Eurostat) show Iran’s exports to EU countries rose significantly in May.

Trade

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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