EghtesadOnline: Iran’s economy is expected to contract further by 8.7% in 2019-20 due to external shocks to oil and gas output.
EghtesadOnline: A total of 22.6 billion cigarettes were produced in Iran during the first five months of the current fiscal year (started March 21), registering 41.3% growth compared with the corresponding period of last year, ISNA reported, citing the Ministry of Industries, Mining and Trade data.
EghtesadOnline: Iranian steel mills produced a total of 17.18 million tons of crude steel during the first eight months of 2019, which indicate a 6.4% rise compared with the corresponding period of 2018, the latest report released by the World Steel Association shows.
EghtesadOnline: Rice production has exceeded 2.6 million tons this year, showing a rise of 13-18% compared with last year’s output, according to the secretary of Iran Rice Association.
EghtesadOnline: More than 25.17 million tons of cement were produced in Iran during the first five months of the current Iranian year (March 21-Aug. 22), which shows a 4.8% increase compared with the similar period of last year, the secretary of Iran's Cement Association said.
EghtesadOnline: Iran will invest $40 billion in the petrochemical sector to increase annual output from the current 66 million tons to 133 million tons over six years, managing director of the National Petrochemical Company told reports on Monday.
EghtesadOnline: Iran's major steelmakers produced a total of 5.83 million tons of finished steel products, including hot- and cold-rolled coils, rebar, beams, pipes and wide, galvanized sheets during the first five months of the current fiscal year (March 21-Aug. 22) to register a 9% growth year-on-year.
EghtesadOnline: Saudi Arabia shut down half its oil production Saturday after a series of drone strikes hit the world’s largest oil processing facility in an attack claimed by Yemen’s Houthi fighters.
EghtesadOnline: Major Iranian aluminum producers' output during the first five months of the current Iranian year (March 21-Aug. 22) stood at 103,593 tons, which indicates a 32% decrease compared with last year's corresponding period, the Iranian Mines and Mining Industries Development and Renovation Organization's latest report shows.
EghtesadOnline: Annual petrochemical output in Iran will reach 100 million tons by 2022, managing director of the National Petrochemical Company said.