EghtesadOnline: Iran’s automotive output increased by 21% during the first five months of the current Iranian year (March 20-Aug. 21) compared to the year-ago period.
EghtesadOnline: The United Arab Emirates, currently OPEC’s third-largest producer, is estimated to have exported a lot more crude oil in August as it produced more than its quota under the OPEC+ deal, undermining the oil market’s faith in the group’s unity in the cuts.
EghtesadOnline: Close to 12.86 million tons of direct reduced iron were produced in Iran during the first five months of the current fiscal year (March 20-Aug. 21) to register an 8% rise compared with last year’s similar period.
EghtesadOnline: Iran's petrochemical industry is moving ahead as data show an upswing in production in recent months from last year's corresponding period, director of production control department at the National Petrochemical Company said.
EghtesadOnline: Zarshouran Gold Mine produced a total of 367 kilograms of gold ingots in the first five months of the current Iranian year (March 20-Aug. 21), registering a 23% rise compared with the same period of last year.
EghtesadOnline: After gasoline was rationed last November and the price of non-subsidized fuel doubled, some motorists turned to using other types of fuels for their cars such as compressed natural gas and liquefied petroleum gas. They converted their car engines to CNG hybrid or to LPG.
EghtesadOnline: Iranian Tobacco Company produced 2.4 billion cigarettes over the first quarter of the current year (March 20-June 20), which puts its monthly average output at 800 million.
EghtesadOnline: Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by US producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a drop in US crude inventories.
EghtesadOnline: Zar-Kouh Mining Company in the western Kurdestan Province of Iran has launched a new gold mine, which is expected to add 3,000 kilograms to the country's total annual gold ingot output capacity.
EghtesadOnline: Crude oil processing capacity in the National Iranian Oil Refining and Distribution Company (NIORDC), a subsidiary of the National Iranian Oil Company, has risen 43% to 2.3 million liters per day over the last decade.