EghtesadOnline: The second phase of Takht-e-Jamshid Petrochemical Plant in Mahshahr, Khuzestan Province, will be inaugurated in the coming days, managing director of National Petrochemical Company said.
EghtesadOnline: Despite the drawbacks and mounting grievances about the sudden gasoline rationing plan, the new policy would help the National Iranian Oil Company not to import gasoline in the foreseeable future, a former head of the Iranian Fuel Conservation Company said.
EghtesadOnline: Seventy-five percent of Iran’s pesticide demand are met domestically, while the rest is imported, the head of Iran Plant Protection Organization said.
EghtesadOnline: The list of banned imports got longer, as the government unfolds its latest foreign trade decision that adds 120 goods to the previous list of 1,530.
EghtesadOnline: It’s business as usual when it comes to money transfer for the import of essential goods, as processing of transactions and shipments into Iranian ports has not changed since a year ago, the head of Ports and Maritime Organization of Iran said.
EghtesadOnline: The Export Price Index, an indicator measuring the overall change in prices of exported goods and services, (using the year ending March 2012 as a base year), stood at 441.4 in Iran for the first quarter of the current Iranian year (March 21-June 21) in rial terms, registering a 13.6% increase compared with the previous quarter and a 95.1% rise compared with the same quarter of last year.
EghtesadOnline: An estimated 2.2 million tons of finished and semi-finished steel products were exported from Iran in the first three months (March 21-June 20) of the current fiscal year, showing 12.2% year-on-year decrease, according to a report released by the Iranian Steel Producers Association.
EghtesadOnline: The Iranian government’s policy of granting subsidized foreign currency at the rate of 42,000 rials per US dollar to import pharmaceuticals and medical equipment is distorting the economic process and its furtherance will prove counterproductive, as it will impede the development of the industry.
EghtesadOnline: The Special Trade and Finance Institute, the Iranian special trade mechanism set up to reciprocate the European Instrument in Support of Trade Exchange (INSTEX), is testing the payment channels for the import and export of goods, according to the CEO of the institute.
EghtesadOnline: The governor of the Central Bank of Iran says the European Union’s newly-launched trade mechanism, known as the Instrument in Support of Trade Exchange (INSTEX), needs to be financed by importing oil from Iran to ensure its sustainable operation.