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Less Flaring in Southwest Oilfield

EghtesadOnline: The Iranian Central Oil Fields Company has a project to collect and process associated petroleum gases from Dehloran oilfield on a daily basis, the managing director said.
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Publish Date:16/June/2020 | 24:18

Nomadic Meat Production Expected to Rise 15-20%

EghtesadOnline: Red meat production by nomads in Iran is estimated to increase by 15-20% in the current Iranian year (March 2020-21), compared with last year amid high precipitation that led to the bountiful growth of grass in meadows, according to the head of Nomadic Affairs Organization affiliated with the Agriculture Ministry.
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Publish Date:16/June/2020 | 11:34

PMI Shows Industries Recovering From Steep Slump

EghtesadOnline: Iranian industries are seeing significant improvement in their latest indices from purchasing manager surveys after steep declines earlier in the current fiscal year (started March 20).
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Publish Date:16/June/2020 | 08:24

Solar Power Helping Nomads

EghtesadOnline: By the end of next Iranian year (March 2022), the number of nomadic households using solar energy will double, head of Nomads Affairs Organization of Iran said.
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Publish Date:16/June/2020 | 08:23

Steel Production Surges Over 8 Million Tons in Two Months

EghtesadOnline: Iranian steelmakers produced close to 8.17 million tons of semi-finished and finished steel products during the first two month of the current fiscal year (March 20-May 20) to register a 1.45% year-on-year increase.
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Publish Date:16/June/2020 | 08:15

Tax Abusers on Notice

EghtesadOnline: To fight rampant tax evasion and fraud, the Iranian National Tax Administration will henceforth focus on the minority taxpayers who indeed are liable for the majority of unpaid taxes, head of INTA said.
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Publish Date:15/June/2020 | 11:05

Hotels, Restaurants Inflation at 34.3%

EghtesadOnline: The average Consumer Price Index of hotels and restaurants in the 12-month period ending May 20, which marks the end of the second Iranian month, Ordibehesht, increased by 34.3% compared with last year’s corresponding period.
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Publish Date:14/June/2020 | 10:46

5% Rise in Watermelon Exports

EghtesadOnline: A total of 117,000 tons of watermelons were exported from Iran during the first two months of the current Iranian year (March 20-May 20) to register a 5.12% increase compared with the similar period of last year.
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Publish Date:14/June/2020 | 10:43

NIGC Says Ready to Double Supplies to Power Plants

EghtesadOnline: The National Iranian Gas Company can double the volumes it delivers to thermal power plants and supply at least 310 million cubic meters of natural gas a day to power stations at the peak of electricity consumption in mid-summer, the company spokesman said.
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Publish Date:14/June/2020 | 10:34

Iranian Insurers Get Good Grades

EghtesadOnline: The Central Insurance company of Iran in charge of regulating the industry, has released a report on the performance of the key sector in the previous fiscal year (March 2019-2020) saying insurers reported 35.7% growth in their premium income compared to the year before.
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Publish Date:14/June/2020 | 10:01

Iranian Port Operations Down 27%

EghtesadOnline: Iran’s 21 major ports loaded and unloaded a total of 18.99 million tons of commodities during the first two months of the current Iranian year (March 20-May 20) to register a 27.04% decline compared with the corresponding period of last year.
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Publish Date:14/June/2020 | 09:55

SCI: Economy Contracts by 7%

EghtesadOnline: The Iranian economy experienced a 7% contraction in the fiscal 2019-20, the Statistical Center of Iran said in its latest report.
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Publish Date:13/June/2020 | 08:50

5 Iranian Provinces on Virus Red Alert

EghtesadOnline: Five of Iran’s 31 provinces are in a state of emergency due to a resurgence of Covid-19 infections, a health official said.
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Publish Date:13/June/2020 | 07:30

Construction Permits in Slum Areas Given Free of Charge

EghtesadOnline: As per a memorandum of understanding recently signed between Iranian Municipalities Organization and Urban Regeneration Corporate Holding Company, affiliated to the Ministry of Roads and Urban Development, building permits in slum areas will be granted free of charge.
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Publish Date:09/June/2020 | 11:50

Outstanding Export Bills Could Pose a Major Risk

EghtesadOnline: Iranian exporters’ difficulties in getting paid by their foreign buyers is a major risk to their business, says the managing director of Export Guarantee Fund of Iran.
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Publish Date:09/June/2020 | 11:11

25-30% Rise Expected in Cotton Production

EghtesadOnline: Cotton boll production is estimated to reach 260,000 tons in the current Iranian year (started March 20), from which about 80,000 tons of refined cotton are expected to be produced.
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Publish Date:08/June/2020 | 24:46

Milk Production at 11m Tons Last Year

EghtesadOnline: More than 11 million tons of milk were produced in Iran during the last Iranian year (March 2019-20), according to the deputy agriculture minister for livestock affairs.
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Publish Date:07/June/2020 | 24:40

Iranian Trucks Resume Border Trade With Turkey

EghtesadOnline: Some 150 Iranian trucks entered Turkey on Thursday after the reopening of customs gates between the two neighbors, says the spokesman of the Islamic Republic of Iran Customs Administration.
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Publish Date:07/June/2020 | 24:20

Exports to Afghanistan Exceed $340m

EghtesadOnline: Iran exported 1.06 million tons of commodities worth $341 million to Afghanistan during the first two months of the current Iranian year (March 20-May 20) to register a 3.5% rise in tonnage and 8% decline in value compared with last year’s corresponding period, according to the spokesman of the Islamic Republic of Iran Customs Administration.
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Publish Date:06/June/2020 | 24:47