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Iran, Italy to hold online seminar on mutual trade

TEHRAN – Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) is going to hold an online seminar on July 22 in collaboration with the Italian embassy in Tehran, as well as the European House – Ambrosetti Corporation for discussing mutual trade amid the coronavirus pandemic. As reported by the …

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Overhauling Abouzar oil field saves IOOC €500,000

TEHRAN – Engineers and technicians in Iranian Offshore Oil Company (IOOC) have managed to save the company €500,000 by successful overhauling of Abouzar oil field’s A-11-19 well, Shana reported. According to ICCO, the overhaul operations included cleaning the sands inside the well by drilling the reservoir to dump the sand …

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Annual overhaul of Iran’s thermal power plants completed

TEHRAN – The annual overhaul program of Iran’s thermal power plants has been completed and the power plants are ready to supply electricity during the summer peak consumption period, said Esmail Namazi, the director-general of Research and Construction Office of Thermal Power Plants Holding Company (TPPH). According to Namazi, the …

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TEDPIX gains 66,036 points on Wednesday

TEHRAN- After hitting the record high of 1.5 million points on Tuesday, TEDPIX, the main index of Tehran Stock Exchange (TSE), gained 66,036 points to 1.612 million points during the Wednesday trades, IRNA reported. As reported, 9.18 billion securities worth 137.39 trillion rials (about $3.27 billion) were traded at the …

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Oil Ministry slashes petchem feedstock prices by 10%

TEHRAN – Iranian Oil Ministry has reduced the base price of ethane, which is a major feedstock for petrochemical complexes, by 10 percent, IRNA reported. The decision comes as the global oil prices have fallen significantly due to the outbreak of the coronavirus and consequently the value of other products …

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Afghanistan transits 76-TEU cargo to India through Chabahar

TEHRAN – Afghanistan has sent 39 containers with a total capacity of 76 twenty-foot equivalent unit (TEU) to India through Iran’s southeastern Chabahar port, IRIB reported, quoting Behrouz Aghaei, the director general of Sistan-Baluchestan Ports and Maritime Department. According to Aghaei, 30 refrigerated containers and nine conventional ones (a total …

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Iran’s Q1 liquidity up 7.3%

TEHRAN – Iran’s liquidity reached 26.514 quadrillion rials (about $631.28 billion) in the first quarter of the current Iranian calendar year (March 20-June 20), to register a 7.3-percent growth from the figure for the end of the past year, IRNA reported. According to the data released by the Central Bank …

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Imam Khomeini Airport Free Zone Organization to be established

TEHRAN- Iran’s Ministry of Transport and Urban Development and the Secretariat of Iranian Free Zones High Council inked a memorandum of understanding (MOU) on the establishment of Imam Khomeini Airport Free Zone Organization. The MOU was signed by Transport and Urban Development Minister Mohammad Eslami and Secretary of Free Zones …

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