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Press TV

Iran’s steel output target of 55 mtpa within reach

A report shows a steel output target of 55 million tons per annum (mtpa) is well within reach for Iran as the country seeks to become the world’s seventh largest steel producer by 2025.

Mine and Industry

Iran to build power plant in Syria’s Latakia

Iran has started building a power plant in the western Syrian province of Latakia as part of the Islamic Republic’s bid to help the Arab country rebuild itself after more than of a decade of foreign-imposed war.

Macro Economy

Iran president gives one-week ultimatum for boosting anti-COVID plan

Iranian President Ebrahim Raeisi has set an ultimatum for the government to drastically change its methods of fighting the coronavirus pandemic as the country’s health system struggles under a fifth wave of infections.

Society Economy

US renews sanctions waiver for Iraq to import Iranian energy

The United States has allowed Iraq to continue to import gas and electricity from Iran until the start of December as part of Washington’s temporary waivers from sanctions imposed on Iran since 2018.

Energy

Iran’s non-oil exports surged by 81% in 8 years: Report

Iran saw its exports of non-crude goods surge by 81% in the eight years to March 2021 despite restrictions facing the country because of US sanctions and the spread of the coronavirus pandemic that hit the global trade in the past two years.

Trade

China using Iranian technology for steelmaking

A major Chinese steel manufacturing company has introduced a technology developed in Iran to boost its output and improve its environmental credentials.

Mine and Industry

High oil prices won’t benefit producers in long-run: Zanganeh

Iran’s Oil Minister Bijan Namdar Zanganeh says rising international oil prices won’t benefit producers in the long-run as he warns against impacts of the prices on the oil production economy.

Energy

US waives oil trade sanctions to give Iran limited access to frozen assets

The US State Department has reportedly informed Congress of its decision to waive sanctions on Iran’s oil trade so that Tehran can pay off its debts to Japanese and Korean exporters from its frozen funds, without being able to transfer the funds to the country.

Macro Economy

Japan Tobacco International, British American Tobacco control 70% of Iran’s market

Japan Tobacco International and British American Tobacco control over 61% of sales and some 70% of the value of the cigarette market in Iran.

Society Economy

Iran rolled out $3.25bn worth of water, power projects in one year

Iranian President Hassan Rouhani has hailed his administration’s records in launching new water and electricity projects in the fiscal year to late March despite economic woes posed by the pandemic and the US sanctions.

Agriculture and Environment

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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