Press TV

Iran’s annual petchem output to exceed 60 million tons

The Iranian Oil Ministry expects output of petrochemical products will surge by nine percent for the year ending March 20.

Energy

Iran’s daily gas production over 1 billion cubic meters: Zanganeh

Minister of Petroleum Bijan Zanganeh says Iran’s gas production has hit the record high above 1 billion cubic meters a day.

Energy

Central Bank of Iran to unveil contactless payment system

Central Bank of Iran (CBI) is working on a project to enable contactless payments in shops and stores as it seeks to reduce costs to users and banks in the country.

Modern Enterprise

China supports step-by-step US return to JCPOA

China has called for an “unconditional” US return to the 2015 Iran nuclear agreement and removal of the sanctions it restored against the Islamic Republic after unilaterally abandoning the UN-endorsed agreement.

Macro Economy

Zarif calls for reopening of Iran-Nakhchivan-Armenia route

Iran’s foreign minister has called for the reopening of transit routes closed by the Karabakh conflict, especially the one linking Iran’s Jolfa to Armenia through the Autonomous Republic of Nakhchivan.

Transportation

Iran’s chief banker in Oman to discuss broader banking, trade ties

Central Bank of Iran (CBI) governor Abdolnasser Hemmati has travelled to Oman to discuss deeper economic ties with Persian Gulf sultanate.

Trade

Iran, Turkey sign accords for Pakistan, China railway link

Iran and Turkey have signed three documents to expand transnational rail services linking them to Pakistan, Afghanistan and China, an official says.

Transportation

Iran’s steel exports in December up 35% yoy

Iran exported 35 percent more of its steel products in the calendar month to late December compared to the similar month in 2019, shows a report, as the country’s trade of lucrative metals starts rebounding after months of reduced activity because of the pandemic.

Trade

OPEC+ output boost insignificant: Zanganeh

Iranian Oil Minister Bijan Namdar Zanganeh says a Tuesday decision by an international grouping of oil producers known as OPEC+ to slightly narrow supply cuts agreed for January would not have a significant impact on global prices.

Energy

Iran spent $15.5m on masks imports in 8 months

Iran spent $15.5 million on imports of various types of face masks to control the spread of the coronavirus in the 8 months to late November before becoming a net exporter of the protective item in later months of 2020, shows a report.

Society Economy