EghtesadOnline: The private sector has struck deals worth $12.35 billion in nearly four years to expand electricity output capacity.
EghtesadOnline: Iran’s apparent finished steel usage recorded a meager growth in the first nine months of the current fiscal year (March 21-Dec. 21, 2017) while consumption of semi-finished steel dropped.
EghtesadOnline: In line with policies to reduce the production and sale of low value-added products, two projects, worth about $7 billion, are being finalized to produce an array of petrochemicals with greater return, the managing director of Persian Gulf Holding Company said.
EghtesadOnline: Iranian steelmakers produced 30 million tons of steel during the first nine months of the current fiscal year (March 21-Dec. 21) to register a 12.5% growth compared with last year’s corresponding period.
EghtesadOnline: Iran’s auto sector has notched up its ninth consecutive month of growth with Ministry of Industries reporting that 1,103,631 cars and heavy duty vehicles were produced in the country during the nine months to Dec. 21, indicating a 16.1% year-on-year increase.
EghtesadOnline: More than 90% of power stations in Iran are running on natural gas as feedstock and concerted efforts are being made to stop using fuels like mazut to generate power by the end of the current fiscal year that ends in March 2018, the managing director of Iran Power Generation, Distribution and Transmission Company, or Tavanir, said.
EghtesadOnline: Iran's Esfahan Steel Company is ready to ship its first rebar cargo to the UK, a company source told S&P Global Platts.
EghtesadOnline: Buying activity in Iran’s hot- and cold-rolled coil import market was sluggish in the week ending Jan. 3.
EghtesadOnline: Notwithstanding concerted efforts to build new thermal power plants across Iran, a lack of funding has slowed development plans to expand the much-needed power installations, Thermal Power Plants Holding Company's deputy for planning said.
EghtesadOnline: The Iranian coal industry, long underutilized despite its massive potential, is capable of driving the mining sector, boost energy production and create the sorely-needed jobs envisioned in the Sixth Five-Year Development Plan (2017-22).