Press TV

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

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