TEHRAN (FNA)- Iran has an installed capacity of thermal power generation of 64 megawatts (MW) which makes the country the 9th in the word in the field, an official said, adding that there are 123 thermal plants active in the country.

“There are 123 units of thermal power plants in the country, out of which 42 are run by government units, 60 by private sector, and 21 by large industries,” Director General of Iran’s Thermal Power Company"...

Jordan's Ministry of Energy and Mineral Resources have announced a tender for the transportation of its oil imports from Iraq.

The tender involves shipping of 10,000 barrels per day of crude oil from Iraq's Baiji oil refinery to Jordan’s Petroleum Refinery Company, with the deadline for companies to bid on April 4th.

Jordan will receive the oil at a discount of"...

Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says “boosting domestic production” is the pivotal issue of the Persian New Year.

In a message released shortly after the start of the New Year, the Leader called on all officials to put more efforts into the issue.

What follows is the full text of the message:

In"...

The reimposition of secondary US sanctions and the consequent hesitation of international banks, European export credit agencies and enterprises to engage Iran have severely undermined the potential for Iran-EU trade. The establishment of the Instrument to Support Trade Exchanges (INSTEX) can be seen as a positive step forward, but it is yet to become operational. In the meantime, opportunities are missed on all sides without a comprehensive strategy among governments and business associations. As such, there is a need for"...

TEHRAN (FNA)- Iranian and Chinese officials signed two memoranda of understanding (MoUs) to increase bilateral trade in areas of medicines and health products.

Two MoUs were signed by the authorities of the two countries’ chambers of commerce for import and export of medicines and health products, on the sidelines of the 17th joint economic commission of Iran and China held in Beijing on Tuesday.

Iranian"...

TEHRAN (FNA)- Iranian Economy Minister Farhad Dejpasand, in the 17th joint economic commission of Iran and China, said that developing relations with Beijing stands atop Tehran’s priorities.

Iran's leadership attaches much significance to political and economic cooperation with China, Dejpasand said on Tuesday at the 17th Iran-China joint economic commission.

Holding"...