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IRAN PLAST 2019 kicks off in Tehran

TEHRAN- Iran’s 13th International Exhibition of Plastic, Rubber, Machinery and Equipment (IRAN PLAST 2019) kicked off at the Tehran International Permanent Fairground on Sunday, Shana reported. The inauguration ceremony was participated by Iranian Oil Minister Bijan Namdar Zanganeh, National Petrochemical Company (NPC) Managing Director Behzad Mohammadi, Industry, Mining and Trade …

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Industry ministry to eliminate nearly $10b of imports by 2023

TEHRAN – Iranian industry minister said by the Iranian calendar year of 1402 (starts in March 2023) nearly $10 billion worth of imports in the country’s industrial sector will be prevented by replacing them with domestically-made products. Reza Rahmani made the remarks during the Iranian Mines and Mining Industries Development …

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‘Iran to become a major rail manufacturer in region’

TEHRAN – Iranian Transport Minister Mohammad Eslami said the country will become a major rail track producer in the region in near future, IRNA reported. Mentioning the hand-over of the first domestically-manufactured rail tracks (known as National Rail) to Islamic Republic of Iran Railways (known as RAI), Eslami said moving …

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Value of trades at IME rises 6% in a week

TEHRAN- During weekdays ending on September 19, while 503,221 tons of commodities worth over $595 million were traded at Iran Mercantile Exchange (IME), the market experienced a growth of 17 percent and six percent in its trading volume and value, respectively. According to the report from IME International Affairs and …

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NIGTC indigenizes new technology to maintain high pressure pipelines

TEHRAN – National Iranian Gas Transmission Company (NIGTC) has localized the technological know-how of repairing high pressure gas pipelines using composite wrapping, Shana reported on Saturday. “For the first time, the knowledge of high-pressure gas pipeline repairs using composite technology has become indigenized by capable Iranian knowledge-based companies,” NIGTC’s Managing …

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Tehran to host 3rd FUELEX expo on Sept. 22-25

TEHRAN – The 3nd International Exhibition of Fuel Stations and Related Industries (FUELEX) is due to be held during September 22-25, at Tehran Permanent International Fairgrounds, IRIB reported. According to Managing Director of Iran International Exhibitions Company Bahman Hosseinzadeh, the exhibition is aimed at supporting domestic production, resilient economy and …

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Iran-Turkey trade possible to reach $30b despite U.S. sanctions

TEHRAN- During the 27th meeting of Iran-Turkey Joint Economic Committee, which was held in Ankara from September 16 to 18, the two sides investigated different ways of reaching the targeted $30-billion bilateral trade and reiterated that reaching this figure is possible despite the pressures of the U.S. sanctions. During the …

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