Iran will unveil a first home-made budget car in early 2023, says a senior government official, amid plans to boost the quality of cars produced inside the country and to make them more affordable for the public.
Russia has hosted a business forum attended by a large Iranian delegation as the two countries seek to expand their trade and economic cooperation.
Iranian Energy Minister Ali Akbar Mehrabian says the country has plans to add some 6 gigawatts (GW) of electricity to the power generation capacity so that it will be able to meet demand in summer peak days.
Iran has the equivalent of over 1.2 trillion barrels of oil and gas as a senior Oil Ministry official says the country will be able to tap those reserves for at least a century from now.
The National Iranian Oil Company (NIOC) has increased its crude oil selling prices for Asian buyers in April amid a global surge in oil prices and after rival regional producer Saudi Arabia announced similar hikes earlier this month.
Official figures suggest that Iranian steel exports have ramped up in the 11 months to February 19.
Chairman of Iran-Iraq Joint Chamber of Commerce Yahya Al Es’haq says that Baghdad has returned part of the Iranian funds that have been blocked in the Arab country in recent years because of American sanctions on Tehran.
The Iranian Energy Ministry aims to install a total of 550,000 rooftop solar units as part of its push to expand the renewable capacity in the country.
Iran has reportedly signed a protocol which is considered as the beginning of a formal process for Tehran’s full accession to the Shanghai Cooperation Organization (SCO).