SISTEMA PAESE, DA ICE TEHRAN LE PRINCIPALI NOTIZIE ECONOMICHE SULL’IRAN | 2-8 OTTOBRE 2025

SNAPBACK MECHANISM SEEN AS MAJOR CHALLENGE FOR OIL EQUIPMENT MANUFACTURERS

Speaking at a press conference in Tehran, Ehsan Saqafi highlighted the central role of domestically produced equipment in sustaining Iran’s oil industry.“Back in the early 1980s, less than 10% of the equipment used in the oil sector was manufactured domestically. The rest was imported,” he said. Continua a leggere

MAJOR GAS, OIL RESERVES DISCOVERED IN SOUTHERN FARS: MINISTER

Iran’s Oil Minister Mohsen Paknejad announced on Monday the discovery of large gas and oil reserves in the Pazan field in the southern province of Fars, describing it as a significant step toward addressing the country’s future energy shortages.According to Paknejad, exploration operations in the Pazan field have revealed an estimated 10 trillion cubic feet (tcf) of gas in place. Continua a leggere

PRESIDENT LAUNCHES THOUSANDS OF HOUSING UNITS, INFRASTRUCTURE PROJECTS

Iran on Sunday inaugurated 57,226 supportive housing units and 202 projects in transport, urban development, and meteorology across the country in an online ceremony attended by President Masoud Pezeshkian.Pezeshkian, in the third phase of the “Path to Transformation” plan, ordered the opening and commissioning of Ministry of Roads and Urban Development’s projects in several provinces, IRNA reported. Continua a leggere

IRANIAN AIRLINE LAUNCHES DIRECT PASSENGER FLIGHTS BETWEEN MASHHAD AND LAHORE

Kish Air will operate the route every Saturday, effectively doubling the number of weekly flights from Iran to Lahore.Islamabad, Tehran – An Iranian airline has launched a new passenger service linking the northwestern city of Mashhad with Lahore in central-eastern Pakistan.The inaugural flight on Saturday carried 161 passengers from Mashhad, also referred to as Iran’s religious capital, to Lahore. Continua a leggere

CAVIAR EXPORTS FROM MAZANDARAN UP 40% IN ONE YEAR: OFFICIAL

An official at veterinary medicine organization of Mazandaran province says that exports of caviar from this northern province registered a 40 percent growth in the previous Iranian calendar year (ended March 20, 2025). Continua a leggere 

ICCIMA CALLS FOR TARIFF REFORM TO BOOST TRADE WITH TURKEY

Senior Iranian and Turkish trade officials held talks in Tehran on ways to deepen economic ties, with Iran’s Chamber of Commerce calling for tariff reforms to unlock the two countries’ trade potential. Continua a leggere 

IRAN APPROVES PLAN TO SLASH FOUR ZEROS FROM CURRENCY

Iran’s parliament today approved a plan to remove four zeros from the national currency, the rial, which has sharply depreciated as the country grapples with renewed sanctions. Continua a leggere

OVER 940 KM OF GAS TRANSMISSION PIPELINES TO BE COMMISSIONED BY MAR. 2026

Iran will bring 948 kilometers of gas transmission pipelines and three new compressor stations into operation in the current Iranian calendar year (ends in late March 2026), alongside expanding its Sarajeh gas storage facility, the head of the Iranian Gas Engineering and Development Company said. Continua a leggere

IRAN, NORWAY EXPLORE COOPERATION ON RENEWABLE ENERGY

Senior Iranian and Norwegian officials discussed expanding cooperation in renewable energy and electricity grid management during a meeting between Norway’s ambassador to Tehran and the head of Iran’s Renewable Energy and Energy Efficiency Organization (SATBA). Continua a leggere

TEHRAN GREENLIGHTS CONDITIONAL ENTRY INTO FATF’S CFT CONVENTION

Iran’s Expediency Council has approved the country’s conditional accession to the International Convention for the Suppression of the Financing of Terrorism (CFT), a council spokesperson said on Wednesday. Continua a leggere

IRAN’S VP EMPHASIZES CO-OP WITH SOUTH KOREA IN GOVERNMENT SMARTIZATIZTION

TEHRAN – Iran’s Vice President and Head of the country’s Administrative and Employment Organization, in a meeting with the South Korean Ambassador to Tehran Kim Junpyo, emphasized the 14th administration’s determination to develop administrative and technological cooperation with South Korea, naming government smartization and the use of artificial intelligence as key areas of this cooperation. Continua a leggere 

TANKER MARKET SEES LIMITED IMPACT FROM SNAPBACK MECHANISM

The international tanker market views the activation of the so-called “snapback” mechanism by three European countries, under U.S. pressure, as having no significant effect beyond existing American sanctions, according to Lloyd’s List. Continua a leggere