Economy Archives | صفحه 114 از 142
Jask terminal to start oil exports by March 2021: oil min
TEHRAN, Jun. 26 (MNA) – Iranian Minister of Petroleum Bijan Zangeneh announced on Thursday that Iran would start crude oil exports from Jask terminal by the end of the current Iranian calendar year (March 20, 2021). Addressing a ceremony to officially start construction of Goreh-Jask Pipeline project on Thursday, Zangeneh said the project would need […]
Dollar Dips 4% in Tehran
EghtesadOnline: The US dollar paused on Wednesday following two weeks of strong rallies after Central Bank of Iran reportedly stepped in to stop further deprecation of the rial. ISNA reported that the CBI injected $55 million in hard currency into the market via its affiliate- exchangers. The greenback went up to 205,000 rials in the […]
Iran Receives Money for Gasoline Sold to Venezuela: Official
TEHRAN (Tasnim) – A member of Iran’s Expediency Council said the country has received money from Venezuela for selling gasoline with five oil tankers. In comments on Monday, Ali Aqamohammadi said Iran has no problem in receiving money for the gasoline it has sold to Venezuela. He said the money earned by selling gasoline to […]
CBI Warns Exporters of Name-and-Shame Path
EghtesadOnline: The Central Bank of Iran issued an ultimatum on Sunday to non-oil exporters to expedite repatriation of their overseas earnings. If they fail to comply their names will be made public through the media. In a notice published on its website, the CBI said it will reveal the names of exporters of goods and […]
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. According to data released by the Islamic Republic of Iran Customs Administration, 25% of the exports—around 29,427 […]
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. “Thermal plants receive almost 150 mcm of gas every day that […]
Iran-Turkmenistan border bridge to be inaugurated today
TEHRAN, Jun. 08 (MNA) – Iran-Turkmenistan border bridge will be inaugurated on Monday evening, said the Iranian official. Spokesman for the Islamic Republic of Iran Customs Administration [IRICA] Seyyed Rouhollah Latifi made the announcement on Monday, saying that Sarakhs border bridge will be officially inaugurated in the presence of Iran’s Minister of Roads and Urban Development , the […]
Rising Liquidity Stress Tied to Borrowing From NDFI, Sanctions
EghtesadOnline: In a press release outlining reasons behind the monumental growth in liquidity in recent months, the Central Bank of Iran blamed borrowing from the National Development Fund of Iran and the new US sanctions on oil exports. The CBI said the stress of liquidity growth “has rightly become a catchphrase among analysts and attracted […]
Iran Gov’t Bailout Package Opts for Inflation Instead of Recession
EghtesadOnline: Coronavirus bailout loans will ultimately increase money supply but that’s the lesser evil when it comes to making a choice between inflation and recession. The 750-trillion-rial ($4.41 billion) rescue package that the government has prepared following the outbreak of coronavirus in March includes 400 trillion rials ($2.35 billion) in loans to help prevent small- […]
Lack of New Investment Can Impair Power Sector
EghtesadOnline: An estimated $1 billon is invested in power sector per annum, but to meet growing demand in coming years this should at the least double, the Energy Ministry spokesman for the power department said in Tehran. “The number of electricity meters nationwide in household, agro and industrial sectors, which now exceeds 36.7 million, jumps […]