Industry

Iran Refinery Output at 1.83mbd

Iranian refiners produced 1.83 million barrels per day of refinery items in the current Iranian calendar year which began on March 20, a senior refinery official said.

EU Removes Iran Air from Safety Blacklist

The European Commission announced on Thursday that the Iranian flag carrier Iran Air has been taken off a safety blacklist and has thus been cleared to fly in the European Union.

Tehran and Tokyo Sign New Water Agreement

Iran and Japan have signed a cooperation document on capacity development for the integrated management of water resources.

Iran Producing Precision Farm Machinery

After unveiling a ditcher machine and a laser scraper made by one of the knowledge-based companies in Dezful, Iran joined the list of countries producing precision-guided laser and satellite farm machinery.

World’s Best Turquoise Extracted by Villagers: Dynamite, Cancer, and Money!

“The people of this village make huge money by extracting turquoise.” This is what many people in Nishapur say about the residents of Ma’dan village, who have leased the turquoise mine from the government for a 25-year period, and are extracting the precious stone themselves.

Iranian Mines Account for 16% of Non-Oil Exports

Iran’s Ministry of Industry has announced that Iranian mineral products and industries accounted for 16.5% of the country’s non-oil exports last year.

Petchem Exports Up 46% in Two Years: Zangeneh

Iranian Minister of Petroleum Bijan Zangeneh said Iran's export of petrochemical products stood at 18.7m metric tons in the previous Iranian calendar year, which ended on March 19, up by 46% from two years earlier.

Iran and Turkey Sign Deal to Build Industrial Park

Iran and Turkey have signed an agreement to construct an industrial park in Iran in a bid to boost mutual cooperation between the two neighbouring countries.

Germany’s BASF Reopens Bureau in Tehran

An official has announced the reopening of the Tehran office of Germany’s BASF SE, the largest chemical producer in the world.

Iran to Boost Gasoline Refining Capacity

Iran says it has devised a serious plan to increase its refining capacity for crude and condensate by more than 70% within the next four years as it tries to cut its reliance on gasoline imports.

Iran’s Car Market to Be Dominated by the French Once Again

Iran’s Saipa and France’s Citroen are finalizing a deal that will let the French monopolize the Iranian car market on the contrary to what Rouhani’s government had promised.

Iran Started Polypropylene Exports to Europe

Iran's Jam Petrochemical Company (JPC) started exporting products including polypropylene to Europe in the final months of previous Iranian calendar year (ended March 19, 2016), the company's senior official said.

Signs of Hope Emerge in Housing Market

The managing director of the Office for Housing Planning and Economy (affiliated to the Ministry of Roads and Urban Development) says the recent increase in home sales could be a good omen for the Iranian property market.

Iran’s Refining Capacity to Surpass 1.8m bpd This Year

Iran's refining capacity will surpass 1.8 m bpd during this Iranian calendar year (started March 20, 2016), a senior NIOPDC official said.

Iran’s Industry Minister to Meet Russia’s Energy Minister

Iranian Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh and Russian Energy Minister Alexander Novak are scheduled to hold talks at an upcoming major international economic conference in St. Petersburg.

Iran’s Private Sector Steel Production Rising despite Global Decline

The Iranian private sector steel industry is experiencing a boom contrary to international downturn, a report said.

Handicraft Expo Breaks Record

The sales of items crafted by Iranian artisans in the 26th Iran Handicrafts Exhibition broke the record set last year.

Iran Exports More Than 25% of Its Cement

A new report says that Iran exported more than 15m tons of locally produced cement over the last Persian calendar year (ended March 19).

Iran to Produce Customized Oil in Two Years: Official

Managing Director of the Iran Oil Terminals Company (IOTCO) Pirouz Mousavi said Iran is going to start producing customized oil in two years.

Petchem Export Integration Is Top NPC Priority

Marziyeh Shahdaei, Deputy Petroleum Minister in petrochemical affairs, says talks are under way with leaders of Iran's petrochemical holdings in a push to bring their exports together.

Iran and Peugeot Launch New Talks

The Deputy Industry Minister described the details of Iran’s new negotiations with France’s Peugeot over automobile parts manufacturing.

Oil Accord Sealed with S. Korea’s SK Energy

The first ever agreement to develop and optimize Iranian oil refineries has been inked with South Korea’s SK Energy.

Iran LPG, Sulphur Exports Up

The Managing Director of the National Iranian Gas Company says Iran has raised its liquefied petroleum gas (LPG) and sulphur exports, which has been caused by eased restrictions on shipments.

Boeing-Airbus Rivalry for Iranian Market

An aviation official outlines the intense competition between Boeing and Airbus as a barrier to the purchase of aircraft from the European company.

Economic Agreements Worth $1.2bn Signed with Finland and Poland

Iran has struck a number of economic agreements worth some $1.2bn during an Iranian delegation’s trip to Poland and Finland, says an official.

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