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Press TV

OPEC chief says Iran, Venezuela oil could ease global energy crisis

OPEC Secretary General Mohammad Barkindo says a global oil supply shortage can be eased if American sanctions on Iran and Venezuela are removed and the two countries can export more oil.

Energy

Iran, Turkey, Russia consider joint car project

Iran, Turkey and Russia could launch a joint car project in the near future based on a proposal submitted to the three governments by private industries, says an Iranian industry businessman who is familiar with the issue.

Mine and Industry

Iran’s electricity consumption breaks all-time record

Iran Grid Management Company (IGMC) says the electricity usage in the country has broken an all-time record as scorching heat stretches the power grid to near its limits.

Energy

Iran limits foreignes’ access to banking services

The Central Bank of Iran (CBI) has confirmed reports it has restricted the access of foreign nationals living in the country to various banking services.

Financial Markets

Iran’s MAPNA Group rehabilitates part of power plant in Syria’s Aleppo

Iran’s MAPNA Group has managed to put part of the thermal power plant in Syria’s northern city of Aleppo back into operation.

Mine and Industry

Iran’s Q2 car output up 11.2% YOY

Car output at the three main Iranian automotive companies rose by over 11% in the three months to late June.

Mine and Industry

Major Iranian carmaker unveils first home-grown crossover

Iran’s largest carmaker the IKCO has unveiled a first fully home-made crossover amid plans to comply with government directives to diversify its models and improve the quality of its products.

Mine and Industry

Iran’s Q1 non-oil trade put at $25.5 billion

Figures by the Iranian customs office (IRICA) shows the country’s trade with the rest of the world without considering the share of crude shipments had reached a total of $25.5 billion in the first quarter of the calendar year that started March 21.

Trade

Tehran-Rome flights resume operating after four years

Iran’s flag carrier IranAir will resume direct flights between Tehran and Rome after four years of suspension and under a new agreement reached between aviation authorities of Iran and Italy.

Transportation

Iran’s four-month trade with EU up 37% YOY

Figures by the European Union’s statistics agency (Eurostat) show trade between members of the bloc and Iran rose by more than a third year on year in the four months to April.

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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