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Highest education rate in region

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Cheap and abundant raw materials, energy and transportation


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Iran has dozens of Tax Free & Special Economy zones

(-0.1%) -4 4,201 price_dollar (-0.04%) -2 5,048 price_eur -- 5,808 price_gbp -- 1,166 price_aed (-0.07%) -10,000 13,660,000 sekeb (-0.02%) -3,000 14,129,000 sekee (-0.43%) -30,000 6,960,000 nim (-0.25%) -10,000 4,027,000 rob (-2.96%) -80,000 2,620,000 gerami (-0.02%) -230 1,281,990 geram18 (-0.02%) -310 1,709,310 geram24 (-0.02%) -1,000 5,553,000 mesghal (0.02%) 23 1,253.18 ons (0.03%) 25 881.25 platinum -- 15.94 silver (0.07%) 75 1,009.20 palladium (0.07%) 4 56.16 oil (0.13%) 8 62.23 oil_brent (1.29%) 81 62.75 oil_opec (0%) 1 93,283.7 bourse -- 1,125 price_try (0.15%) 1 654 price_cny (-1.31%) -5 378 price_jpy -- 3,381 price_cad (0.03%) 1 3,276 price_aud (-0.27%) -8 3,000 price_nzd (-0.07%) -3 4,354 price_chf (1.67%) 1 60 price_afn (0.2%) 1 507 price_sek (0.15%) 1 665 price_dkk (0.2%) 1 504 price_nok (-0.07%) -10 13,910 price_kwd (0.18%) 2 1,125 price_sar (0.88%) 10 1,130 price_qar (0.46%) 50 10,950 price_omr (100%) 3 3 price_iqd -- 12 price_syp (1.52%) 1 66 price_inr -- 39 price_pkr (0.32%) 10 3,120 price_sgd (0.18%) 1 550 price_hkd (16.02%) 170 1,061 price_myr (0.72%) 1 138 price_thb (-5.33%) -4 71 price_rub (-0.32%) -8 2,530 price_azn (0.22%) 25 11,150 price_bhd

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(-0.1%) -4 4,201 price_dollar (-0.04%) -2 5,048 price_eur -- 5,808 price_gbp -- 1,166 price_aed (-0.07%) -10,000 13,660,000 sekeb (-0.02%) -3,000 14,129,000 sekee (-0.43%) -30,000 6,960,000 nim (-0.25%) -10,000 4,027,000 rob (-2.96%) -80,000 2,620,000 gerami (-0.02%) -230 1,281,990 geram18 (-0.02%) -310 1,709,310 geram24 (-0.02%) -1,000 5,553,000 mesghal (0.02%) 23 1,253.18 ons (0.03%) 25 881.25 platinum -- 15.94 silver (0.07%) 75 1,009.20 palladium (0.07%) 4 56.16 oil (0.13%) 8 62.23 oil_brent (1.29%) 81 62.75 oil_opec (0%) 1 93,283.7 bourse -- 1,125 price_try (0.15%) 1 654 price_cny (-1.31%) -5 378 price_jpy -- 3,381 price_cad (0.03%) 1 3,276 price_aud (-0.27%) -8 3,000 price_nzd (-0.07%) -3 4,354 price_chf (1.67%) 1 60 price_afn (0.2%) 1 507 price_sek (0.15%) 1 665 price_dkk (0.2%) 1 504 price_nok (-0.07%) -10 13,910 price_kwd (0.18%) 2 1,125 price_sar (0.88%) 10 1,130 price_qar (0.46%) 50 10,950 price_omr (100%) 3 3 price_iqd -- 12 price_syp (1.52%) 1 66 price_inr -- 39 price_pkr (0.32%) 10 3,120 price_sgd (0.18%) 1 550 price_hkd (16.02%) 170 1,061 price_myr (0.72%) 1 138 price_thb (-5.33%) -4 71 price_rub (-0.32%) -8 2,530 price_azn (0.22%) 25 11,150 price_bhd

  • برای دریافت خبرنامه آدرس ایمیل شما ضروری می باشد
  • هر زمان که نیاز به ویرایش این اطلاعات داشتید، با وارد کردن ایمیلتان تغییرات را ذخیره کنید
  • در صورتی که تمایل به ادامه اشتراک نداشتید، در ایمیلی که از سوی ما دریافت می کنید، عدم اشتراک را انتخاب کنید
  • پس از ثبت نام، جهت تایید ایمیل/تلفن همراه ، برای شما پیامی ارسال می شود، لطفاً پیام را تایید کنید
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بازه زمانی دریافت خبر:

TEHRAN, Dec. 14 (MNA) – According to an announcement made by Russian gas giant Gazprom, the Russian company will tap Iranian LNG in partnership with two Iranian national companies.

Russian gas giant Gazprom said on Wednesday it had signed a memorandum on possible cooperation in a liquefied natural gas project in Iran, Reuters reported.

The news outlet quoted the Russian company saying the memorandum was signed with Iranian Oil Industry Pension, Saving and Staff Welfare Fund.

Iran LNG is designed to have two lines of 5.25 million tonnes of annual capacity, each with a view of eventually increasing total production to 21 million tonnes per year. Its key shareholders are National Iranian Oil Company as well as Oil Industry Pension, Saving and Staff Welfare Fund.

Gazprom has a number of gas memorandums with Iran.

Production of LNG requires a technology heavily patented by American companies. That technology cannot thus be provided to the Islamic Republic due to sanctions by the US against the country.

Foreign companies are also banned from developing any LNG project on Iran’s soil due to the same sanctions.  The country had previously devised three liquefaction projects – Pars LNG, Persian LNG and NIOC/Iran LNG – but had to shelve them after investors – Total and Shell - refused to push them forward as a result of sanctions.

Gazprom is already a major player in the global natural gas liquefaction market.  It currently supplies LNG to ten countries – Japan, Korea, China, India, Taiwan, Britain, the USA, Kuwait, the United Arab Emirates, Mexico – as well as others.

The company’s only operational LNG project is Sakhalin II which has an annual capacity of 9.6 million tonnes and was built in 2009 in cooperation with Shell. A second key liquefaction project is Baltic LNG which the Russian company is planning to develop - again with the help of Shell.

The technicalities through which Gazprom would cooperate with Iran over production of LNG without falling afoul of US sanctions are not known.

Gazprom further said in its statement that it has signed another basic agreement with Industrial Development & Renovation Organization of Iran (IDRO) over the past few days over joint gas liquefaction projects in third countries. The agreement also envisages projects in the field of advanced gas processing and petrochemistry in the territory of Iran, it added.  

Iran has for long been discussing with Oman to produce LNG in its Qalhat liquefaction plant.  The project involves piping gas from southern Iran to the Persian Gulf sultanate and liquefying it into LNG for shipments to international markets.

Gazprom’s agreement with IDRO could be a copy of the same scheme in what could be a new strategy by the Islamic Republic to launch liquefaction projects in offshore facilities.  An earlier instance of such strategy became visible when Iran said an LNG project would be launched on a ship in Persian Gulf waters.

The project has been awarded to Norway’s Hemla Vantage energy giant which would install the plant on a vessel close to Kharg Island.  It would become operational over the next two years.   


China ready to use Iranian oil, gas resources - Mehr News Agency زنگنه و رئیس اتاق بازرگانی چین TEHRAN, Dec. 13 (MNA) – CICCPS secretary general, while pointing to lack of energy resources in China, expressed the East Asian country’s readiness to use Iran’s oil and gas resources.

Wang Yanguo, Chairman of the Presidium, Vice President and Secretary General of China International Chamber of Commerce for the Private Sector (CICCPS), made the remarks at a meeting on Tuesday with the Iranian Minister of Petroleum Bijan Zanganeh in Tehran.

Speaking at the meeting, Zanganeh said Iran and China enjoy widespread and very solid relations in various sectors expressing hope that Mr. Yanguo’s visit will develop and strengthen existing relations in line with investment of China’s private sector companies in Iran.

CICCPS secretary general, for his part, also pointed to the extensive relations between Iran and China saying “China has a shortage of energy resources, while Iran, our long-time friend, possesses rich oil and gas resources which could help to expand ties between the two countries.”

“Iran and China can cooperate through private sector investment in Iran, especially in oil and petrochemical projects,” said the visiting official stating that growing ties between Iran and China were continuing despite all barriers.

Statistics reveal that volume of trade between Iran and China rose by 31 percent last year. At the meeting between presidents of the two countries, it was agreed to elevate level of trade between Tehran and Beijing to as high as $ 600 billion a year.


S Korean amb. visits Fars province, talks of future coop. - Mehr News Agency نهمین نمایشگاه بزرگ گردشگری پارس در شیراز TEHRAN, Dec. 12 (MNA) – South Korean ambassador to Iran said on Tuesday that his country will help Iranian south-western province of Fars develop tourism facilities in the province.

On a visit to Iranian Fars province, South ambassador to Iran, Kim Seung Ho announced that in the near future his country and the province will develop their cooperation in tourism industry and tourist exchanges, and expressed his country’s readiness to work with tourism services in Shiraz to provide visa services to tourists.

The South Korean ambassador also referred to collaborations in the field of specialized training courses in order to raise the levels of staffing in the residential units, organizing tours and attending tourism exhibitions.

Kim Seung Ho visited a number of fascinating attractions in Fars province on his trip and described the Eram Garden as “the Eram Garden is one of the most valuable treasures of tourism in Shiraz."


Gov. approves of $2bn foreign investment in industry sector - Mehr News Agency افروز بهرامی TEHRAN, Dec. 12 (MNA) – An official at the Ministry of Industry said the incumbent government had approved of two billion dollars of foreign investment in 38 projects at industry, mining and commerce sectors.

Director-General of Foreign Investment Affairs at the Iranian Ministry of Industry, Mine and Trade Afrooz Bahrami said, since the previous government took office, as many as 252 projects worth 11 billion dollars with foreign investment have been approved in the industrial, mining and trade sectors 106 of which have come on stream.

She expressed that $ 2 billion of these investments pertained to the incumbent government asserting “over the past 20 years, a total of $ 40 billion foreign investment, equal of $ 2 billion annually, has been absorbed in all fields of industry, mining and commerce.”

“The figure indicates the significance of foreign investment attracted by the incumbent and previous governments,” she underscored.

Bahrami, while emphasizing that technology transfer and access to international markets are included in all new foreign contracts, added “distribution of foreign investment has become balanced and directed towards various provinces of the country as, in the meantime, provinces of Fars, Bushehr and Kerman have attracted the largest amount of foreign investment, respectively.

“Germany and Italy, having overtaken China, now rank first and second in volume of investment in Iran,” she continued.

At the end of her remarks, the official underlined that the country’s industry, mining and trade sectors required 20 billion dollars of investment annually six billion dollars of which are projected to be supplied through foreign investors.


Russians to build 6,800 freight cars for Iran - Mehr News Agency عباس آخوندی TEHRAN, Dec. 12 (MNA) – Road Minister Akhundi said Iran holds a contract with Russia for construction of 6,800 railway carriages most of which will be build in Iran’s soil.

Iranian Minister of Roads and Urban Development Abbas Akhundi said five provincial centers will be connected to the country’s railway transport network in the ongoing Iranian calendar year (to end March 20, 2018) asserting “the projects are 90% through and will certainly become operational by year end.”

He went on to state that Kermanshah and Hamedan have already been connected to the national railroad network while the projects in Urmia, Qazvin and Rasht are still underway.

Akhundi maintained that 516 kilometers of new railroad will be implemented in the present year adding “added to unfinished projects of the previous year, a total of 919 kilometers of new railways will come on stream.”

Roads minster later stated that Iran was in contract with Russia for 6,800 train wagons for carrying cargo most of which will be manufactured inside the country.

“Majority of the country’s demand for wagons will be supplied domestically in the coming three years,” he underscored.

The official also noted that, through a joint Iran-South Korea joint venture, a contract has been signed for construction of 540 railcars to be used in suburban transport while further deals will be inked with Germans, Russians and Koreans for purchase and manufacturing of passenger train wagons.


Iran, Turkey sign MoU on urban waste management - Mehr News Agency پرچم ایران و پرچم ترکیه ، پرچم ایران و ترکیه TEHRAN, Dec. 11 (MNA) – Industrial Development and Renovation Organization of Iran (IDRO) and the Turkey's ÇUTAŞ Co. signed a Memorandum of Understanding on environmental issues and urban waste management.

Fardad Daliri, Deputy head of IDRO Group for the development of advanced industries and energy megaprojects, attended the signing ceremony for the said Memorandum of Understanding on waste management and asserted that industrial, commercial, agricultural and urban wastes are among the most serious problems for industries and urban development today.

Asserting that modern technologies can be used to arrive at a nature-friendly solution for the disposal of waste by burning it and turning it into ash, Daliri added “after conducting the necessary research, Turkey will submit a report on this type of cooperation, investment and transference of technology to IDRO Group.”


Metallurgical exports climb by 39% - Mehr News Agency کارخانه تولید فولاد TEHRAN, Dec. 11 (MNA) – An official at Ministry of Industry, Mine and Trade said Iran had exported 5.789 million tons of metallurgical products in the first seven months of the current Iranian calendar year (began March 21).

Mikaeil Azimi, Director General of Mining Industries Affairs Office at the Iranian Ministry of Industry, Mine and Trade, made the remarks adding “export value of metal products in the seven-month period was $ 2.5 billion representing 8% growth as compared to the figure for the similar period last year which stood at 2.3 billion dollars.

He said export figures so far were ahead of the plan to achieve value of $ 4.1 billion in shipment of metal products by the year end.

The official later asserted that, in the meantime, export volume of steel ingot had been 3 million and 500 thousand tons, which in comparison to the previous year, indicates growths of 120 and 116 per cent in weight and value, respectively.

“In the first seven months of the current year, a total of 11.315 million tons of steel products were manufactured, which is 10 percent higher than last year,” he continued.

Azimi later stated that 12 million and 250 thousand tons of various steel ingots had been produced showing a 14-percent uplift as compared to the similar period one year ago.

Referring to the plans to launch various steel chain projects in the government, he pointed to the growth of sponge iron production saying “production of sponge iron grew by 19% to hit 12.590 million tons in the seven-month period.”

The official rejoiced to announce that in the first seven months of the current year, imports of all kinds of metal products had decreased by 33% in weight as compared to last year.

“In the meantime, imports of steel ingot fell by 83 percent while its exports skyrocketed by 120 percent.”

Mikaeil Azimi enumerated main destination of Iranian export product including Iraq, Afghanistan, Turkey, Turkmenistan, Qatar, Pakistan and the United Arab Emirates among the others. “Moreover, flat products are mainly deployed to Iraq, the UAE, Belgium, Afghanistan, Spain, Armenia and Oman,” he emphasized.

He also pointed out to steps taken to support the country’s steel chain and to remove the existing barriers and problems, hoping to reach the target of producing 55 million tons of steel on the basis of Iranian Vision document in 2025 horizon.


FAO, agriculture ministry celebrate soil day in Iran - Mehr News Agency FAO TEHRAN, Dec. 10 (MNA) – Food and Agriculture Organization of the United Nations (FAO) in collaboration with the Iranian Agriculture Ministry marked the World Soil Day 2017 in Tehran.

Food and Agriculture Organization of the United Nations (FAO) in collaboration with the Iranian Ministry of Agriculture marked today (Sunday, December 10) World Soil Day 2017 in Tehran to highlight this year's theme “Caring for the Planet starts from the Ground” for the Iranian stakeholders.

According to a press release published with the FAO Representation in Iran, Rao Matta, the FAO Representative ad interim to the country in his opening remarks by addressing Mahmoud Hojjati, Minister of Agriculture; Isa Kalantari, Head of Department of Environment; and heads of diplomatic missions attending the event, underscored that soil has a fundamental role in mitigation of the effects of climate change, maintenance of water springs and in sustaining biodiversity.

“Fortunately, the international community is awakening to the threats concerning the soils of the planet and to the challenges that lie before us. The greatest example of this is the creation of the Global Soil Partnership by the FAO” he added.

Matta reiterated that the FAO Voluntary Guidelines for Sustainable Soil Management that have been approved by our Council last year offer the framework for intensifying sustainable soil management in all countries including the Islamic Republic of Iran.

The FAO Representative ad interim to Iran concluded his remarks by saying that prevention of soil contamination remains the best way to ensure healthy soils and food safety that is the source of life for the next generations.

World Soil Day (WSD) is marked annually by FAO across the world normally on 5 December as a means to focus attention on the importance of healthy soil and advocating for the sustainable management of soil resources.

The FAO Conference unanimously endorsed World Soil Day in June 2013 and requested its official adoption at the 68th UN General Assembly. In December 2013 the UN General Assembly responded by designating 5 December 2014 as the first official World Soil Day.


Iran, Iraq sign oil swap contract for 1 year - Mehr News Agency وزیر نفت عراق، جبار اللعیبی TEHRAN, Dec. 10 (MNA) – Tehran and Baghdad agreed to swap crude oil of northern Iraqi Kirkuk oilfield for Iranian oil in a one year contract subject to renewal.

Iraqi Oil Minister Jabar al-Luaibi recounted on Sunday that the deal is about swapping up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian, according to Reuters.

The agreement signed on Friday by the two OPEC member states provides for Iran to deliver to Iraq’s southern ports, on the PersianGulf, “oil of the same characteristics and in the same quantities” as those it would receive from Kirkuk.

“This is an agreement for one year and then we will see after that whether to renew it,” Luaibi told reporters in Kuwait City on the sidelines of an Arab oil ministerial meeting.

The deal in effect allows Iraq to resume sales of Kirkuk crude, which have been halted since Iraqi forces took back control of the fields from the pro-Barzani forces in October.

Between 30,000 and 60,000 bpd of Kirkuk crude will be delivered by tanker trucks to the border area of Kermanshah, where Iran has a refinery.

Luaibi also said that the construction of an oil pipeline from Kirkuk to the Turkish port of Ceyhan will take one year to build.

It will replace an old, badly damaged section of the Kirkuk-Ceyhan pipeline. It will start from the nearby city of Baiji and run to the Fish-Khabur border area with Turkey.

The territory that the Kirkuk-Ceyhan pipeline ran through was taken by ISIL terrorists in 2014 and then recaptured by Iraqi forces over the past two years.

Kirkuk is one of the biggest and oldest oilfields in the Middle East, still estimated to contain around 9 billion barrels of recoverable oil.


Tehran (ISNA) – The head of Iran National Carpet Center announced that the exports of Iranian hand-woven carpet have increased 31% during the first eight months of the current fiscal year (March 21-Nov 21).

“More than 3 million square meters of handmade carpets are annually woven in Iran, two-thirds of which are exported and the rest is used to meet the domestic demand,” the head of Iran National Carpet Center Hamid Karegar said.

“More than 3,000 tons of hand-woven carpets worth $359 million were exported from Iran during the eight months to Nov. 21, registering a 31% rise compared with the similar period of last year,” he added. 

“Last year, exports amounted to $359 million. Persian hand-woven carpets are exported to 80 countries,” he continued. With about $90 million worth of purchases, the US was last year’s top importer of Persian carpets.

End Item

سرمایه گذاری خارجی

Tehran (ISNA) - An official at the Iranian ministry of industry, mining and trade announced that Iran has attracted $11 billion in foreign investment since the beginning of the eleventh government (2013).

The Director General of the Foreign Investment department Afrouz Bahrami, pointed out that Iran has attracted $11 billion of foreign investment from 2013 to this day and the countries that have had more investment in Iran are Germany, Italy and China respectively.

She added that this investment figure was concerned with 252 projects in the industry, mining and trade sector, of which 106 projects were in operation.

“The provinces of Fars, Bushehr and Kerman attracted the most foreign investment respectively,” Bahrami went on to say.

End Item

پرچم ایران و کره جنوبی

Tehran (ISNA) – The private sector companies of Iran and South Korea signed 22 joint cooperation agreements on transferring technology.

These contracts were inked in the presence of 8 South Korean and 50Iranian companies in different fields such as the production of thermal and cold insulation, solar panels and new energies, lithium batteries and electric motors.

Iran’s deputy minister of industry, mining and trade Sadegh Najafi participated in the signing ceremony.

End Item

Tehran (ISNA) - Lack of information about the capabilities of Iran and Pakistan in the business communities of the two neighboring countries is hindering the promotion of bilateral trade, but the situation has been improving as bilateral trade rose by 31% last year.

“The business communities of both countries are totally unaware of each other’s capabilities and opportunities. Therefore, we have to focus on exchange of information, trade delegations and other promotional activities between the two countries,” Iran’s ambassador to Pakistan, Mehdi Honardoost, said.

The envoy was speaking at a meeting with the officials of Karachi Chamber of Commerce and Industry at the Karachi chamber, Associated Press of Pakistan cited a KCCI press release as reporting.

The Iranian ambassador said both countries have many commonalities that could not be found between any other countries of the entire region.

“There is a huge potential of cooperation between Iran and Pakistan,” he said.

The envoy is of the view that regional problems like terrorism, human trafficking and drug trafficking should be solved by the regional countries, which had common perception, common interests and common concerns.

Honardoost said Iran is keen to develop its ties with Pakistan by focusing on enhancing trade that has continued to grow each year.

Exporting electricity to Pakistan, implementing the Iran-Pakistan Gas Pipeline, signing a free trade agreement and commencement of banking transactions between the two brotherly countries reflected this approach.

“Your rivals are much faster and active than you, so you also have to take steps accordingly. You have to grab some more portion of the Iranian market that has a lot of potential for Pakistani goods and services. We are also ready to share almost everything with our Pakistani brothers and sisters,” he said.

Referring to high-level meetings between the political leaders of the two countries and visits of delegations, the ambassador said the rise in exchange of delegations indicates that the horizon for enhanced trade ties is “bright and clear”.

End Item

Tehran (ISNA) - During weekdays ending up to 7th of December, while about 483,736 MT of commodities worth over 308 million USD were traded in Iran Mercantile Exchange, the trade value experienced a growth of 21%.

According to the report from IME International Affairs and PR, last week, on the domestic and export metal and mineral trading floor of IME, 163,950 MT of various products worth close to 134.2 million USD were traded.

On this trading floor, 159,181 MT of steel products, 3,380 MT of copper, 1,200 MT of aluminum 130 MT of molybdenum concentrates, 9 MT of precious metal concentrates, 50 MT of zinc as well as 10 kg of gold bullion were traded.

The report declares that on domestic and export oil and petrochemical trading floors of IME, 262,411 MT of different commodities with the total value of 160 million USD were traded.

On this trading floor, more than 88,712 MT of bitumen, 68,145 MT of polymer products, 66,330 MT of VB feed stock as well as 21,500 MT of lube-cut oil, 13,465 MT of chemical products, 1,260 MT of sulfur, 989 MT of base oil and slack waxes, 1,010 MT of insulation and 1,000 MT of slaps waxes were traded.

Moreover, on the agricultural trading floor of IME, 57,355 MT of various commodities worth over 13.4 million USD were traded. On this trading floor, 56,250 MT of wheat, 470 MT of maize, 75 MT of sugar, 100 MT of crude vegetable oil as well as 460,000 day old chicks were traded by customers.

End Item

Tehran (ISNA) - Major Iranian steelmakers exported 4.56 million tons of semi-finished and finished steel products during the first eight months of the current fiscal year (March 21-Nov. 21), registering a 27% growth compared with last year’s corresponding period, the Iranian mines and mining industries development and renovation organization reported.

The export’s volume for a period from Oct. 23 to Nov. 21 stood at 584,847 tons, up 57% year-on-year, Financial Tribune reported.

Iranian steelmakers’ shipments were continuously on the rise month-on-month save for the seventh and the second month of the Iranian year respectively.

The IMIDRO data, released this week, are included in a preliminary report on large-scale exports. A more comprehensive and detailed version, including smaller private mills’ performance, often follows in about two weeks' time by the Iranian Steel Producers Association.

Khouzestan Steel Company zoomed past all rivals in the period under review, as it exported 1.73 million tons of slab, bloom and billet, up 57% YOY.

KSC has sustained a double-digit growth each month so far this year.

Bloom exports had the lion’s share of KSC's shipments with 829,168 tons and went up 165% YOY. Billet exports came next with 474,258 tons up 11%, followed by slabs with 431,957 tons, growing 18% YOY.

The steelmaker located in the southwestern Khuzestan Province, exports to 13 countries. About half of the exports go to the Middle East and North Africa region. Other major export destinations are located in the Far East and Americas.

Esfahan Steel Company was the second biggest exporter during the eight months, with 742,375 tons of beam, rebar, coils and other products shipped overseas, up 83% YOY.

Rebar made up 103,717 tons of ESCO’s overall exports, dropping 3% YOY. It was followed by beam and coil with 72,195 tons and 39,963 tons respectively. Beam shipments were down 30% YOY, while coil exports surged 996%. Steel products listed as "other" made up 526,500 tons of all the exports, up 177% YOY.

Beam and rebar shipments were down, while coil exports recorded a 454% YOY upsurge to 2,800 tons.

Hormozgan Steel Company retained its spot as the third largest exporter by shipping 777,897 tons of slabs, up 5% YOY. The steelmaker’s exports in the eighth month rose by 8% YOY to 152,738 tons.

As a subsidiary of Iran’s largest steelmaker Mobarakeh Steel Company, HOSCO has outperformed its parent company in exports for five months in a row so far this year.

Mobarakeh took the fourth spot as it exported a total of 727,381 tons of hot and cold-rolled, acid-washed, tin-plated, coated, checkered and galvanized flat steel during the eight months, down 41% YOY.

Together with its subsidiaries, MSC is the largest flat producer in the Middle East and North Africa region, accounting for 1% of Iran’s GDP.

South Kaveh Steel Company came next, as its billet exports stood at 458,000 tons.

Khorasan Steel Company was next with 61,542 tons of rebars exported, up 20% YOY.

Iran Alloy Steel Company took the next rank with 54,553 tons of rebar shipments, up 85% YOY.

As part of the 20-Year Vision Plan (2005-25), the Iranian steel industry aims to become the world’s sixth largest steelmaker by reaching an output capacity of 55 million tons per year by the deadline (2025).

Exports are expected to reach 8 million tons in the current fiscal year, which ends on March 20, 2018.

End Item

Tehran (ISNA) - Over November, 2017, different trading floors of Iran Mercantile Exchange witnessed trading of more than 1 million and 983 thousand tonnes of commodities worth over 1,130 million USD.

According to the report by the IME’s International Affairs and PR, during the last month, the oil and petrochemical trading floor of IME played host to trading of 1,119,092 MT of commodities worth more than 604 million USD.

On this trading floor, more than 362,737 MT of bitumen, 230,851 MT of polymer products and 111,634 MT of chemical products, 292,050 MT of VB feed stock, 77,500 MT of lube cut oil, 34,830 MT of sulfur, 4,057 MT of insulation, 1,500 MT of slaps waxes and 3,933 MT of base oil and slack waxes were traded by customers.

The metal and mineral trading floor witnessed trading over 655,323 MT of commodities worth more than 464.7 billion USD. On this trading floor 521,782 MT of steel, 19,000 MT of copper, 460 MT of molybdenum concentrates, 21 MT of precious metals concentrates, 50 kg of gold bullion, 60 MT of zinc, 110,000 MT of iron ore, 2,500 MT of direct reduced iron as well as 1,200 MT of aluminum and 300 MT of coke were traded by customers.

The report declares that the agricultural trading floor witnessed trading of more than 200,411 MT of commodities worth 49.6 million USD. Based on the report, 1,203,000 day old chicks, 193,250 MT of wheat, 50 MT of sugar, 5,859 MT of maize and 50 MT of rice were traded on this trading floor.

The side market of IME experienced trading of 2,300 MT of palm oil, 2,000 MT of potassium (potassium chloride), 2,097 MT of metal scrape, 1,000 MT of frozen meat, 25 MT of used locomotive engine oil, 20 MT of polymeric methylene di-phenyl diisocyanate, 18 MT of pure methylene diphenylene diisocyanate, 900 MT of polyester thread grade A, 40 MT of polyester thread grade WP, 16 MT of aniline and 6 MT of empty barrels.

End Item

پرچم ایران و مجارستان

Tehran (ISNA) - The Hungarian minister of economy said his country was ready to expand its cooperation with Iran in various fields.

In a meeting with his Iranian counterpart Massoud Karbassian, Hungarian minister of national economy Mihaly Varga said that his country was ready to extend its cooperation with Iran in various fields such as the construction of the cooling towers of power stations, the manufacture of electric buses, pharmacy, medical equipment, mobile laboratories in the biological field, airlines, tourism and banking cooperation.

The two parties also participated in the signing of a memorandum of understanding for cooperation between a Hungarian company and the industrial holding company of Shahr Bank.

End Item


Iran, Russia Sign MoU on Gas, LNG

Iran, Russia Sign MoU on Gas, LNG

TEHRAN (FNA)-Iran and Russia inked two Memoranda of Understanding (MoUs) to develop the two countries' cooperation in gas industries, specially in area of the Liquid Natural Gas (LNG).

The MoUs were endorsed between Iran's Oil Ministry and Russia's Gazprom in Tehran on Wednesday in the presence of Iran's Oil Minister Bijan Namdar Zangeneh and Gazprom CEO Alexei Miller.

The MoU deals with implementation of an LNG project in Iran and making it operational. The agreement on the Iranian side was signed by Ali Kardor, the managing director of the National Iranian Oil Company (NIOC).

The two countries also signed an MoU on the roadmap of developing gas industry in Iran.

In a relevant development last month, Iran's Industrial Development and Renovation Organization (IDRO) and Russia's Gazprom Company signed an MoU to broaden their cooperation on oil and gas explorations.

The MoU was signed between IDRO Chief Mansour Moazami and Russian Gazprom Company Vice-Chairman Vitaly Markelov in Tehran.

During the signing ceremony, Moazami pointed to 50 years of IDRO's background in the field of industry as well as oil and gas areas, and said, "The MoU will help Gazprom to use industrial opportunities in Iran.

Markelov, for his part, pointed to different fields of activities of the company, and said that the company is active in 26 countries.

"The Gazprom intends to start wide range of activities in Iran from primary works to completed phase," he added.





TEHRAN (FNA)- Head of Iran-Russia Parliamentary Friendship Group Ramezanali Sobhanifard declared on Wednesday that a working group has been formed to enhance the relations between Tehran and Moscow in the wake of the recent visit by Iranian Parliament Speaker Ali Larijani to Russia.

"From Iran; the members of the Parliament's National Security and Foreign Policy Commission, the Iran-Russia Friendship Group and the Parliament's Research Center are present in the Joint Iran-Russia working group," Sobhanifard said.

The Iranian lawmaker reiterated that the working group will convene every two months.

Sobhanifard, meantime, pointed to the status quo of Iran-Russia relations, and said, "Iran-Russia relations have considerably expanded over past few years; we have witnessed an increase of 120 percent in Iranians' visits to Russia, and the travel of Russian citizens to Iran has increased by 35 percent while the number of Iranian flights to Russia has also increased to 16 flights per week," Sobhanifard said.

In relevant remarks in late April, Russian Foreign Minister Sergei Lavrov said that his country fully backs Iran's membership in the Shanghai Cooperation Organization (SCO) as all the West-imposed sanctions on Tehran have been lifted.

"Iran is now ready to be a full-fledged member-state of the SCO and that negotiations will be taken up in summer to bring the Islamic Republic to the fold," Lavrov said.

The Russian foreign minister reiterated that Iran has settled the problem of the UN Security Council sanctions and hence fully meets the SCO membership criteria.

"We hope that during their June summit in Astana, the heads of our states will be able to discuss the possibility of launching the procedure for admitting Iran into the organization as a full member," Lavrov added.






Senior Executives of Boeing, Airbus to Visit Iran Next Week

Senior Executives of Boeing, Airbus to Visit Iran Next Week

TEHRAN (FNA)- Senior managers of the giant aviation companies, Airbus and Boeing, are slated to arrive in Tehran in coming days to hold talks on financing the newly-purchased passenger planes.

"Our preference is to use domestic financial resources, but we also have the option to finance the purchases through Airbus and Boeing themselves,” Head of Iran Air, national flag bearer, public relations Massoumeh Asqarzadeh, said on Wednesday pointing to the next visit of Airbus and Boeing executives to Iran.

She reiterated that Iran Air has reached promising conclusions regarding the financiers of the plane deals, and said, "The result of the negotiations will soon be publicized."

Iran has signed contracts to buy 100 Airbus, 80 Boeing and 20 ATR passenger planes. The planes will replace the oldest planes for domestic and international flights. The company has already received three Airbus passenger planes.





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