iran economy
Iran to invest $750mn in rail-transport industry

Iran to invest $750mn in rail-transport industry

TEHRAN, Apr. 20 (MNA) – A memorandum of understanding (MoU) was inked on Sunday in the rail and transport industry of the country, valued at $750 million, with the participation of Iran’s minister of roads and urban development.

NIOC to introduce 23 oil, gas exploration blocks

NIOC to introduce 23 oil, gas exploration blocks

TEHRAN, Apr. 19 (MNA) – The National Iranian Oil Company (NIOC) is set to introduce 23 onshore and offshore exploration blocks to accelerate hydrocarbon resource exploration and attract investment.

Iran jet fuel use up by over 6% in year to March

Iran jet fuel use up by over 6% in year to March

Iran’s use of jet fuel rose by over 6% in the year to late March compared to the previous calendar year, a sign of increased activity in the country’s aviation sector despite US and European sanctions targeting the industry.