Iran to generate 58 GW of electricity to meet demand in peak summer days

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’s oil and gas reserves estimated at 1.2 trillion barrels

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.

Iran raises oil selling prices for Asian buyers in April

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.

Iran’s 11-month steel exports up 17% YOY

Official figures suggest that Iranian steel exports have ramped up in the 11 months to February 19.

Iran private sector happy with pace of Iraq’s payment of seized funds

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.

Iran halts COVID vaccine imports amid domestic output surge

Iran to install 550k rooftop solar units until 2025

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 signs protocol for full SCO membership

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).

Minimum wage in Iran rises by 57.4%

Iran has increased minimum wage payable to workers by 57.4% as a government that came to office in August moves ahead with plans to bridge economic gaps for low-paid people in the country.

Iran unveils 1st domestically made all-electric car

An Iranian automotive company has unveiled a first all-electric vehicle (EV) in the country under the commercial name of the Oxygen.