TEHRAN - The director of the National Iranian Oil Company (NIOC)'s Discovery Department said a new giant oil field is expected to be discovered in southwestern Iran and the discovery operations will be finalized by the end of the current Iranian calendar year (March 2020).

“We expect the discovery of a new oil field to become certain by the yearend and we would be able to deliver the good news to people,” Saleh Hendi told Tasnim news"...

T he number of Iran’s commercial attaches in target export destinations is expected to rise to 10 from the current six, the head of Trade Promotion Organization of Iran said.

'If the necessary budget is provided, our priority is to send commercial attaches to Russia, India, China, Azerbaijan, Iraqi Kurdistan and Oman. Kazakhstan and Turkmenistan in Central Asia will be targeted in the next phase,' Hamid Zadboum was also quoted as saying"...

E conomy Minister Farhad Dejpasand says the insurance industry has come of age and can be fully managed by the private sector.

Speaking at an insurance event Wednesday, Dejpasand said all insurance companies can be divested to private sector after a transitional period, adding that Iran’s insurance sector is now able to cover risks worth $500 billion.

“Except for"...

TEHRAN (FNA)- Some 14 Iranian companies are showcasing their latest achievements in the 25th edition of International Telecommunications, Innovations and High Technologies Exhibition (BakuTel) underway in the Azerbaijani capital city of Baku.

President of Republic of Azerbaijan Ilham Aliyev accompanied Iranian Minister of Communications and Information Technology Mohammad Javad Azari Jahromi visited Iran's pavilion in the 25th Anniversary Azerbaijan"...

C lose to 140,000 tons of kiwis worth $97 million were exported from Iran in the last Iranian year (ended March 20, 2019), deputy agriculture minister for horticultural affairs said.

“With around 12,400 hectares under cultivation and more than 362,000 tons of harvest per year, Iran is considered the world’s fourth biggest kiwi producer,” Mohammad Ali Tahmasebi was also quoted as saying by ILNA.

Iraq,"...

TEHRAN, Dec. 05 (MNA) – Plans are underway to construct an $8-billion petrochemical megaproject by Iranian petrochemical holdings, a senior petrochemical official said.

Behzad Mohammadi, the CEO of the National Petrochemical Company (NPC), said on Wednesday that activities needed to be attuned to targeted and smart development.

Mohammadi, who is also deputy oil minister"...