Press TV

Iran’s four-month vehicle output nearly flat y/y

Figures by Iran’s ministry of industries (MIMT) show that vehicle output in the country remained nearly stable year on year in the four months to late July.

Mine and Industry

Iran approves motion to build 6 million affordable houses

Iran’s Constitutional Council, a body tasked with finalizing parliament legislation, has approved a massive housing scheme which seeks to build six million homes for the underprivileged population in the country.

Society Economy

New oil minister vows to consolidate Iran’s position in OPEC

Iran’s new Oil Minister Javad Owji says the country would move to regain its position as an influential member of the Organization of Petroleum Exporting Countries (OPEC).

Energy

Iran steel output up nearly 10% yoy in Jan-July

Iran has recorded nearly 10% increase in its steel output in the seven months since the start of this year, according to a report citing figures by the World Steel Association (WSA).

Mine and Industry

Iran’s annual inflation at 45.2% in late August: SCI

Consumer prices continued to surge in Iran in the calendar month to August 22 as the country’s statistics office reports an annual inflation rate of 45.2% at the end of fifth calendar month this year.

Society Economy

Iran exports some 2.5m tons of agrifood in four months to late July

The Iranian Customs Administration (IRICA) says Iran has exported some 2.5 million tons of agrifood in the first four months of the fiscal year (March 21-July 22).

Trade

Iran crude output up 28% yoy in July

Latest data by the Organization of Petroleum Exporting Countries (OPEC) shows Iran continued to increase its crude oil output in the calendar month to late July.

Energy

Iran raises September crude prices for Asian customers

The National Iranian Oil Company (NIOC) has raised the September official selling prices (OSPs) for crude deliveries to customers in Asia.

Energy

Report says Iran’s GDP rose by 43.7% last year

Figures by the Central Bank of Iran (CBI) show that the country’s gross domestic product (GDP) increased by nearly a half in the calendar year to March this year.

Macro Economy

President Raeisi’s oil minister pick says he will push for increased gas output

A nominee to take over the role of Iran’s oil minister in a new administrative government led by President Ebrahim Raeisi says he’ll push for increased natural gas output beyond the current enviable record of nearly 1 billion cubic meters (3.5 billion cubic feet) per day.

Energy