February 21, 2019
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February 20, 2019

TEHRAN- National Iranian Oil Company (NIOC) sold 35,000 barrels of light crude oil at Iran Energy Exchange (IRENEX) at the base price of $52.25 per barrel for the fifth time on Monday, IRIB reported.

It is while NIOC had previously announced that it would offer one million barrels of light crude oil at IRENEX at the base price of $56.81 per barrel and the least amount of sale would be 35,000 barrels like the previous round of offering.


Livestock raw materials import to Imam Khomeini port surges 20%
February 20, 2019

TEHRAN, Feb. 19 (MNA) – Iraj Modiri, the deputy head of Khuzestan Ports and Maritime Organization, said on Tue. that imports of livestock inputs to the port has increased 20 percent since the current Iranian calendar year up to the present time (Feb. 19).

Statistics indicate that 10,300,000 tons of livestock raw materials have been imported into the country from March 21 to Feb. 19, the figure of which is on the rise, he said.


PGSR to create $800m added value per annum
February 20, 2019

TEHRAN, Feb. 19 (MNA) – Now in full swing, the Persian Gulf Star Refinery (PGSR) in the city of Bandar Abbas, Hormozgan province, will help complete the value-added chain in the oil and gas industries, a senior energy official said.

“Making the country needless to import gasoline, the three-phase mega project will annually create over $800 million added value in the oil and gas industries,” Alireza Sadeghabadi, managing director of"...

Olive oil production surges by 30%
February 20, 2019

TEHRAN, Feb. 19 (MNA) – Executive of Olive Project at the Ministry of Agriculture Seyed Rahmatollah Parichehr said that olive oil production volume has increased more than 30 percent in current year (started March 21, 2017).

Statistics showed that 7,100 tons of olive oil was produced in the country, the rate of which stood at about 5,300 tons in the past year (ended March 20, 2018).


Majlis approves exempting next year’s securities from tax
February 20, 2019

TEHRAN- The Iranian parliament (Majlis) on Tuesday gave approval to exempting the securities that will be issued in the next Iranian calendar year 1398 (begins on March 21, 2019) from tax, IRNA reported.

This exemption was approved while the MPs were discussing different sections related to the government’s income estimated in the budget bill for the next Iranian year.


Above 1.5m TEUs of cargos loaded, unloaded at Shahid Rajaee Port since last March
February 20, 2019

TEHRAN- More than 1.564 million TEUs of cargos have been loaded and unload at Iran’s largest container port, Shahid Rajaee, since the beginning of the present Iranian calendar year (March 21, 2018), the Director General of Ports and Maritime Department of Hormozgan Province Allah-Morad Afifipour told the reporters on Tuesday.

“The amount included 1.181 million TEUs of full containers and 383,609 TEUs of empty ones,” he said.