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Tehran Power Grid Wastage Declines to 3.2%

18 February 2018 - 22:16
In line with efforts to minimize blackouts in the capital, wastage in Tehran's electricity grid has been cut from 9.3% to 3.2% in four years, the chief executive officer of Tehran Province Electricity Distribution Company said.

Zarubezhneft, IDRO Oil to Study Susangerd Oilfield

18 February 2018 - 22:13
Russian oil and gas firm Zarubezhneft Company has signed a memorandum of understanding with IDRO Oil, a subsidiary of the Industrial Development and Renovation Organization of Iran, to conduct studies on the development of Susangerd Oilfield in Khuzestan Province.

Tehran, Delhi Sign 15 Major Deals

18 February 2018 - 22:08
India and Iran signed 15 agreements in the presence of Iranian President Hassan Rouhani and Indian Prime Minister Narendra Modi in New Delhi on Saturday.

Iran 10-Month Steel Output Exceeds 34m Tons

18 February 2018 - 22:05
Iranian steelmakers produced 34.7 million tons of steel during the first 10 months of the current fiscal year (March 21-Jan. 20) to register a 14.3% growth compared with last year’s corresponding period.

Iran Khodro Unveils Hybrid Electric Vehicle

18 February 2018 - 22:01
Iran Khodro unveiled a plug-in hybrid electric version of its Dena+ sedan over the weekend.

NDFI to Get 32% of Oil, Gas Money

18 February 2018 - 21:58
Members of parliament on Saturday approved a measure determining the share of the National Development Fund of Iran from all oil and gas export revenues in their latest open session on Saturday to decide on the articles of the fiscal 2018-19 budget law.

OPEC Chief: Russia Will Not Flood the Oil Market

15 February 2018 - 22:47
Oil prices have rebounded nearly 60% since June, with Brent crude rising to three-year highs of above $71 a barrel, prior to a pullback last week that wiped out its gains for 2018.

Iranian Firms Can Supply Equipment in South Pars Phase 11

15 February 2018 - 22:31
Iranian firms have the capacity to provide up to 70% of equipment needed by South Pars Phase 11, which is due to be developed by France’s Total and its partners, chairman of the board of directors of Iranian Petroleum Industries Equipment Manufacturers Association said.

French Carmakers Reiterate Appeal of Iranian Market

15 February 2018 - 22:20
The Fifth Iran Automotive Industry International Conference opened Tuesday at the iconic Milad Tower in north Tehran. Managing directors from French automotive companies PSA Group and Renault were in attendance, the IAIIC website reported.

Iranian Iron Ore Exporters to Benefit From Goa Mining Halt

15 February 2018 - 22:16
A recent Supreme Court of India's decision to cancel all iron ore mining leases in an ore-rich state can open the way for Iranian ore miners to increase their share in the Chinese market.
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