TEHRAN – Iran’s daily electricity consumption once again exceeded the 57,000 megawatts (MW) red line on Monday evening to settle at 57,2019 MW, IRNA reported.

According to the data released by the Iran Grid Management Company (IGMC), electricity consumption at 20:58 local time increased by 1,094 MW compared to the previous night, while registering a 5,277 MW increased year-on-year.

Electricity"...

TEHRAN- Last week, President Hassan Rouhani announced that the heads of the three branches of the government, namely the executive, legislative and judicial powers, would make decision on a plan that would bring about an “economic breakthrough” for the country.

The term “economic breakthrough” was then used by the Parliament Speaker Mohammad-Bagher Ghalibaf, and raised many questions among the officials and also the people,"...

TEHRAN – Three major petrochemical projects with a total investment of $1.6 billion were inaugurated in southern Bushehr and western Lorestan provinces on Thursday.

President Hassan Rouhani and Oil Minister Bijan Namdar Zangaeh inaugurated the projects via video conferencing, Shana reported.

'Today we are witnessing the transformation of the petrochemical industry."...

(MNA) – Iranian Oil Minister said that with the operation of 27 petrochemical projects by March 21, 2021and with an investment of $17 billion, the total value of petrochemical products will reach $37 billion by March 21, 2024.

Addressing a ceremony to officially inaugurate 3 major petrochemical projects via video conference on Thursday morning, Bijan Namdar Zanganeh said plans were under way to triple the sector’s production capacity"...

To reduce the overwhelming dependence on crude oil exports, which have been hit hard by sanctions, Iran is slowly shifting focus towards petrochemicals, the country’s second-largest export industry, Anadolu Ageny reports.

Three major petrochemical projects worth $1.6 billion were inaugurated on Thursday as part of efforts by the Iran government to boost non-oil revenue at a time when oil exports have plummeted.

The"...

TEHRAN- Production of the aluminum ingot in Iran rose 49 percent during the first four months of the current Iranian calendar year (March 20-July 21) compared to the same period of time in the past year.

Production of this product had also risen 63 percent during the first quarter of the present year (March 20-June 20), compared to the first quarter of the previous year.

Production"...

TEHRAN- Iran’s daily natural gas exports hit a record high of 79 million cubic meters (mcm) during the Iranian calendar month of Tir (June 21-July 21), Head of National Iranian Gas Company (NIGC)’s Dispatching Department said.

“Iran's gas exports to other countries had never reached 70 million cubic meters per day, but in Tir a new record was set and [the exports] reached 79 million cubic meters per day,” Shana quoted"...

V alue of trade at the Iran Energy Exchange surged in the first four months of current fiscal year (March 20-July 21).

Data from IRENEX shows more than 295.82 trillion rials ($1.2 billion) worth of commodities were traded via the energy exchange during the period, Securities and Exchange News Agency (SENA) reported.

The figure indicates strong promise with a whopping 540%"...

TEHRAN – Head of Iran’s National Petrochemical Company (NPC) has said that the inauguration of 17 new projects in the current Iranian calendar year (ends on March 20, 2021) is going to increase the revenues of this sector by 80 percent, Shana reported.

According to Behzad Mohammadi, the petrochemical sector is currently the country’s leading industry and the top source of revenues, which is constantly growing and excelling.

TEHRAN – Iranian Oil Minister Bijan Namdar Zanganeh, on Monday, inaugurated and commissioned 286 gas supply projects in the northeastern Khorasan Razavi province through video conference, IRIB reported.

As part of the mentioned projects, 77 rural areas were connected to the national gas network to increase the coverage of the national network in rural areas to 88 percent, while operations for the gas supply to 39 more villages were also started.