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Iran Energy Economy Review: August 2019 (1)

17 September 2019
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Macroeconomics

Iranian companies' ties with Europe suffer due to sanctions
Removing 4 zeros from Iranian currency to positively affect capital market
Iran seeks tax payers attention
Investments in Iran’s West Azerbaijan up by 209%
Iran plans more mine privatization and production increase
Interest in investment in Iran's Hormozgan Province increases
Iran seeks tax payers attention
Iran's chamber of commerce calls for special tax centers for startups
Enterprises established in Iran’s West Azerbaijan province through foreign investments

Banks & insurance

Removing four zeros to positively effect Iran stock market
Iranian banker talks effects of removing 4 zeros from national currency
CBI Governor: Iranian importers to pay customs duties after release of goods
Export Development Bank of Iran supports non-oil exports
Iran’s currency revaluation to simplify financial calculations
Complex prediction for foreign currency rate in Iran

Industry

Export of Iranian steel products increases
Iran’s IMIDRO increases lead, zinc production
Iran tire industry needs official foreign currency rate to increase production
Iran extracts 28 million tons of mining materials in Tehran province
Iran discloses volume of products exported from Zanjan province
Over 200 foreign investors make investments in Iranian industrial enterprises
No shortage of methyl ethyl ketone after establishment of Chimitex Arya Company in Iran
Iran's Saravan county produces almost 40,000 tons of dates annually
Iran's plan to barter Vacuum Bottom for bitumen falls flat
Bentonite production facility of Sangan Steel Mining Company commissioned in Iran

Agriculture

Iran increases tea production
Iran discloses volume of grape concentrate to be exported from Shahrud county
Iran discloses volume of fruits, vegetables to be grown this Iranian year
Iran to draft saffron development plan
Iran exported 16,000 tons of tea to 36 countries
Iran tea industry needs support to increase production
Iran exports vegetables worth $1.2B last Iranian year
Iran discloses volume of wheat bought from farmers

Oil&gas

Member of Iran’s ICCIMA: IRENEX’s rules impede private sector’s active participation in trade
Demand for gasoline exceeds supply at IRENEX
Why Iranian oil fails to sell at energy exchange?
Iran revives use of fuel cards, looks to stop fuel smuggling
Iran signs oil exploration contracts with knowledge-based companies
Iran to offer 2 million barrels of condensate cargo at energy exchange
Iran's gasoline production reaches 74 million liters per day
Wood Mac: Closure of Strait of Hormuz would lead to rapid depletion of existing stocks
Enterprises established in Iran’s West Azerbaijan province through foreign investments
Iran to commission 40 large-scale gas projects
Iran to merge two oil companies with NIGC
Iran’s Gachsaran Oil and Gas Production Company saves funds via reverse engineering
Iranian MP: Iran should decrease oil prices for better oil sales
Iran's East Oil and Gas Company’s production increases
Iranian company wins tender for operation at South Pars Gas Complex
MP: Iran never stops to export oil
Iran to put up crude oil for sale at Energy Exchange soon
Iran to increase petrochemical production to 2.5 million tons
Iran reveals volume of natural gas production

Alternative energy sources

Iran commissions solar power plant in Isfahan Province
Iran begins construction of another thermal power plant in East Azerbaijan Province

Transport

Following Sandro and Brillance, Kia Motors Corporation pulls out of Iran
Iran launches passenger ferry to Qeshm Island
Iranian minister: Iran ready to provide its ports for Tajikistan
Iran's Wagon Pars Company to produce 10 locomotives
Over 550,000 tons of goods transshipped via Iran's Bashmakh customs
Tehran-North highway to become operational after 20 years
Iran Air lost €3 million opportunity to sell foreign flights
Over 58 million tons of cargo shipped and discharged at Iranian ports
Minister: Iran ready to provide its ports for Tajikistan
Iran to construct second track at Tehran-Qazvin railway route
Iran to launch Manjil-Roudbar railway connection in 2020
Iran's private sector to join national railway construction project
Iran's north and south ports to transit cargo to landlocked countries

Tenders

Iran's SPGC announces tender to buy vibration monitoring system
Iran’s IMIDRO looks for investors
Iran's GOGPC announces tender for purchase of equipment
National Iranian Drilling Company opens tender to buy equipment

Foreign economic relations

Azerbaijan, Iran eye to further develop economic co-op
Iran mainly imports goods from China, UAE, Turkey, India, Germany
Turkey’s trade with Iran drops by more than $240M in June
Iran's motorcycles exported to Iraq and Afghanistan
MP: Iran to have access to Europe via Azerbaijan
Iran's Gilan Province customs account for 65% of exports to Russia
Iran may benefit from further deterioration in US-China relations
Iran to increase trade with Caspian Sea states
Turkmenistan, Iran discuss prospects of business partnership

Foreign trade

Iran's positive trade balance exceeds $1B
Iran needs price cut and high product quality to increase textile export - official
Iran's Aras Free Zone increases exports
Import and export of goods declines in Iran
Iran exports more than $400M worth of products to Iraq
Iran exports 1.65M tons of products via customs of Kermanshah Province
Iran's exports to Syria drop due to US sanctions
Iranian official: Sanctions do affect Iran's food imports despite US claims
Iranian Golestan province to increase exports
Products worth $85M exported from Iran’s Qom province
Iran power export tariff for crypto currency is expensive
Products worth $9M exported from Iran's Khoy county
Official explains how to resolve Iran-UAE trade issues
Iran increases exports of mining products
Official talks exports of Iranian Markazi Province cooperatives
Iran's positive trade balance exceeds $1B
Iran awaits domestic rice sale before rice imports distribution
Iran announces new regulations for fruit exports

Nuclear program

China, EU agree to safeguard Iran nuclear deal
Normalization of Iran-EU trade relations is 'first step' to comply with nuclear deal - Rouhani