6 major petchem projects to be put into operation by next March

TEHRAN- The managing director of Iran’s National Petrochemical Company (NPC) said that six major projects will be put into operation in this sector by the end of the current Iranian calendar year (March 20, 2022).

BASF to create barrier technologies for Pulpex’s paper bottles

BASF has forged a collaboration with Pulpex and its global partners to develop proprietary, food-grade barrier technologies for their paper bottles.

Titanium studded with silver and copper makes harvesting energy from the Sun more efficient

ncorporating metal ions into titanium dioxide creates better semi-conductor plasmonics

New records registered on IME

Within the month ending on 21 June 2021, the IME witnessed trade of more tham 3,623,000 tonnes of commodities with a total trading value of almost 1,880 million USD, showing 22% and 8% of growth in volume and value of trades respectively.

Iranian rial could be poised for massive rally if Iran rejoins JCPOA: Ed Moya

Nuclear talks are still ongoing and there are some hopes that Iran and the United States may find common ground and return to compliance with the accord. Currency market and oil market are among those which may be most affected if the agreement is revived.

Iran’s non-oil export grows by 46%

President of the Islamic Republic of Iran Customs Administration (IRICA) announced that the country exported $5.6 billion worth of non-oil goods and commodities to foreign countries from March 21 to May 15, 2021.

Armenia special market for Iranian small businesses: Deputy min

An Iranian deputy minister has described Armenia’s market as a special opportunity for Iran’s small and medium-sized enterprises active in exporting foodstuff, home appliances and dried fruits.

Iran’s triumph in economic war despite 91% decline in oil revenues

Re-imposition of the US sanctions on Iran’s oil export between 2018 and 2020, decreasing oil revenues by 91 percent and removing more than 98.5 billion dollars of the income, but the Iranian administration succeeded in running the Islamic country without oil revenues.

New projects in Shahid Rajaei port facilitating oil exports

Iran’s Ports and Maritime Organization CEO Mohammad Rastad said on Thursday that three wharf posts in Shahid Rajaei port were launched for the oil tankers to dock which facilitates oil exports.

Production surge continued despite economic war, pandemic: President

President Hassan Rouhani said in the inauguration ceremony of several national projects on Thursday that the surge in production was never halted even during the economic war imposed by the US and the global Coronavirus pandemic.

Iran starts drilling operation at joint Forouzan Oilfield

The Managing Director of Iranian Offshore Oil Company (IOOC) said that upon the completion of the installation project of the giant offshore rigs, drilling and repairing of oil wells has started in the Forouzan joint oilfield with the purpose of increasing oil extraction.

Eurasia Expo 2021 an opportunity to expand trading with EAEU

Head of Iran’s Trade Promotion Organization Hamid Zadboum said that holding the first Eurasia Expo in Iran is a good opportunity to facilitate free trade talks with members of the Eurasian Economic Union.

Official terms Serbia as gateway for Iranian goods to Eastern Europe

Mehdi Bakhshandeh, head of Chamber of Commerce of the Iranian northern province of Qazvin, said on Saturday that Serbia serves as a gateway for Iranian goods to Eastern Europe.

OPEC fails to strike new output deal

OPEC and its allies abruptly called off their July 5 meeting, after a flurry of mediation efforts failed to resolve a Saudi-UAE standoff, raising the risks that the producer group could steer the market into a supply squeeze if it sticks to current quotas -- or potentially a bruising price war if the coalition collapses.

Tabriz Chamber of Commerce, Azerbaijan to boost cooperation

A memorandum of cooperation was signed between the Chamber of Commerce of Tabriz, the center of Iran’s East Azarbaijan province, and the National Confederation of Job Creators of the Republic of Azerbaijan on Tuesday in Baku, to facilitate cooperation between the two economic foundations.

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