The first ten days of the lunar month, Moharram, are mourning period in Iran and other Shiite communities. The story says that Imam Hossein, the third leader of Shiites and the second son of Imam […]
After oil, petrochemical products make the majority of Iran’s export. Now with the return of the sanctions, fears of drop in export of petrochemicals increase. Iran’s petroleum Minister, Bijan Zanganeh, expresses his concerns about the […]
The pharmaceutical market is experiencing turbulence out of fear of returning US sanctions. Shahrvand newspaper writes about the 30% increase in the price of certain pharmaceuticals, that is if you are able to find the […]
After oil, petrochemical products are Iran’s largest exports. Shargh writes that petrochemical exporters have opposed the Government’s plans to sell their foreign currency at NIMA online-platform. This forces them to exchange their foreign currency at […]
Handelsblatt, the German newspaper, warns the German companies about losing the opportunities in the Iranian market, moving much too much cautiously, while other European and Asian countries are already in operation with their Iranian partners. […]
Following the collision of the Iranian oil tanker with the Chinese ship, one million barrels of condensate, a hydrocarbon liquid used to make petrochemicals, were lost; apart from 32 missing crew members. Bloomberg reports about […]
The National Iranian Oil Refining and Distribution Company (NIORDC) announced that only 17% of the gasoline used in Iran is imported. Based on figures released by this company, 81.3 million liters of gasoline are used […]
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