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Annual Crude, Petroleum Product Transfer Reaches 128 Billion Liters

EghtesadOnline: An estimated 350 million liters of oil and oil byproducts were supplied daily via pipelines in 2019, indicating a 65% rise over the last 40 years, managing director of the Iranian Oil Pipeline and Telecommunications Company said.
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Publish Date: 01/October/2020 | 15:47

Rise in Hendijan Oil Field Production

EghtesadOnline: The wellhead Platform 7 of Hendijan Oil Field in the Persian Gulf was installed late on Monday, managing director of Iranian Offshore Oil Company, operator of the field, said.
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Publish Date: 01/October/2020 | 15:43

Stone, Gypsum, Sand and Gravel Exports at $1.3b in 5 Months

EghtesadOnline: A total of 2.46 million tons of stones, gypsum, sand and gravel worth $1.3 billion were exported from Iran in the first five months of the current Iranian year (March 20-Aug. 21).
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Publish Date: 01/October/2020 | 15:30

Auto Parts Localization Prevents Capital Flight Worth Over €130m

EghtesadOnline: Major Iranian carmaker Iran Khodro Company (IKCO) has curbed capital flight to the tune of €137 million through the localization of 54 auto parts in the first six months of the current Iranian year (March 20- Sept. 21), a senior company official said.
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Publish Date: 01/October/2020 | 15:20

21 Iranian Ports Handle Over 58 Million Tons of Goods in H1

EghtesadOnline: Iran’s 21 major commercial ports handled 58.44 million tons of commodities during the first half of the current Iranian year (March 20-Sept. 21) to register a 25.4% decline compared with the similar period of last year.
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Publish Date: 01/October/2020 | 15:13

Europe Failed to Support Iran’s IMF Loan Request

EghtesadOnline: President Hassan Rouhani told Germany’s new ambassador on Tuesday said that Iran expected the three European Union countries signatory to the landmark nuclear deal to support its loan request from the International Monetary Fund.
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Publish Date: 01/October/2020 | 15:10

Iran Fuel Demand Sees Record Plunge

EghtesadOnline: Demand for gasoline fell by 24% between May and August compared to the corresponding period last year, head of the Gasoline Station Owners' Association (GSOA) said.
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Publish Date: 30/September/2020 | 14:26

Power Industry Future at Risk

EghtesadOnline: Iran’s power industry has not developed as would have been expected in the last eight years, head of the Federation of Iranian Energy Exports Industries said.
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Publish Date: 30/September/2020 | 14:24

Need for Serious Intervention to Counter Covid-19

EghtesadOnline: An official with Iran’s Health Ministry has called for serious intervention by authorities to curb coronavirus transmissions, as the country’s large cities reported a third wave of infections.
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Publish Date: 30/September/2020 | 14:08

No Talks With US Now or Later

EghtesadOnline: No negotiations are underway between Iran and the United States, and there will be no such dialogue in the future, a senior Iranian diplomat said in response to a report about secret talks between the two countries.
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Publish Date: 29/September/2020 | 14:43

Viral Spread Ups Gas Consumption

EghtesadOnline: Covid-19 pandemic has raised natural gas consumption in the household sector by 30 million cubic meters per day over the past six months compared to a year ago, head of the National Iranian Gas Company Dispatching Department said.
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Publish Date: 29/September/2020 | 14:37

Rich-Poor Inflation Gap at 6.5%

EghtesadOnline: The average annual inflation gap measured by the Statistical Center of Iran among income deciles stood at 6.5% in the sixth Iranian month (Aug. 22-Sept. 21), indicating a 1.1 percentage point increase compared with the previous month.
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Publish Date: 29/September/2020 | 14:35

Direct Investment Seen as a Bane of the Share Market

EghtesadOnline: Iranians usually opt for investing directly in the stock market and are less inclined to let investment funds or asset managers to trade on their behalf. In most countries the opposite is the norm.
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Publish Date: 29/September/2020 | 14:19

Forex Rates and Gold Climb

EghtesadOnline: Foreign exchange rates made significant gains on Monday despite efforts by the Central Bank of Iran to meet demand through the secondary market.
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Publish Date: 29/September/2020 | 14:17

Iran: Dollar Rally Pauses

EghtesadOnline: Building on the past week gains, the US dollar temporarily moved above 290,000 rials at the start of the trading week in Tehran on Saturday but failed to advance further after intervention by the Central Bank of Iran.
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Publish Date: 28/September/2020 | 19:18

Startups to Unveil Sports Apps

EghtesadOnline: Two Iranian startups specialized in sports will unveil their latest products during the 19th International Exhibition of Sports, Sporting Goods and Equipment (also called SPORTEX 2020) now underway at Tehran's International Fairground since Saturday.
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Publish Date: 28/September/2020 | 19:15