Press TV

Iran rejects lack of access to unfrozen funds in Qatar

Iran has rejected a report that says the country had been barred from accessing its $6 billion funds recently unfrozen and transferred to Qatari banks.

Financial Markets

Iran’s steel output expected to grow more than a fifth by 2025

Iran’s annual steel production capacity is expected to hit a target of 55 million metric tons (mt) by 2025, according to a senior member of the Iranian Steel Producers Association (ISPA).

Mine and Industry

Iran’s oil prices up $6 per barrel in August: OPEC data

Latest figures by the Organization of Petroleum Exporting Countries (OPEC) show Iranian oil prices rose by an average of $6.1 per barrel in August.

Energy

Iran’s oil exports to China hit historic record in August: Report

Iran’s exports of oil to China hit an all-time record in August despite continued US pressure on the country, according to a report published in the local media citing data from a major international energy data company.

Energy

Iran’s steel exports up 36% YOY in March-June

Iran’s exports of steel rose significantly in the four months to late July this year with China being responsible for more than a third of purchases, according to figures by state-run metals and mining company IMIDRO.

Mine and Industry

Petrochemicals account for over 30% of Iran’s exports

Petrochemicals accounted for over 30% of Iran’s non-oil exports in the calendar year to late March, according to a senior industry figure who says overseas sales could further increase with more government support and better pricing mechanisms for feedstock.

Mine and Industry

Iran’s largest gasoline supplier reports 15% rise in output

Iran’s largest gasoline supplier has ramped up output by 15% this year compared to levels seen in 2022 amid a rising demand for fuel in Iran that has been exacerbated by smuggling activity across the borders.

Energy

15 new EV charging stations launched in Tehran to expedite electrification of transport

Iran’s ministry of industry (MIMT) has launched 15 new electric vehicle (EV) charging stations in the capital Tehran as part of a rapid process to electrify transport in the city.

Transportation

Iran says disputed gas field with Kuwait ’not a big problem’

Iran believes a dispute with neighboring Kuwait surrounding a gas field in the Persian Gulf is not a big problem as a senior diplomat says the issue can be resolved given the good relations that exist between the two countries.

Energy

Iran’s annual inflation rate drops 0.8% in August

Figures by the Iranian government’s statistics agency the SCI show the headline inflation rate in the country fell slightly in the calendar month to August 22.

Macro Economy